1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
NeTakaya
3 years ago
13

New corporation had net income for 2016 of​ $80,000. new corporation had​ 13,000 shares of common stock outstanding at the begin

ning of the year and​ 24,000 shares of common stock outstanding at the end of the year. there were​ 12,000 shares of preferred stock outstanding all year. during​ 2016, new corporation declared and paid preferred dividends of​ $21,000. what is new​ corporation's earnings per​ share? (round the answer to two decimal​ places.)
Business
1 answer:
Nataly [62]3 years ago
4 0
<span>Average number of common shares outstanding: (13,000 + 24,000 ) / 2 = 18,500 Earnings Per Share = (Net income - Preferred dividends) / Average number of common shares outstanding Earnings Per Share = ($80,000 - $21,000 ) / 18,500 Earnings Per Share = $3.19</span>
You might be interested in
You want to construct a portfolio containing equal amounts of U.S. Treasury bills, stock A, and stock B. If the beta of the stoc
7nadin3 [17]

Answer:

beta of stock B = 1.33

Explanation:

the beta of treasury bills is 0

the beta of stock A = 1.46

the beta of stock B = ?

the portfolio contains equal amounts of each investment and its overall beta is 0.93

0.93 = (0 x 1/3) + (1.46 x 1/3) + (B x 1/3)

0.93 = 0 + 0.4867 + 0.333B

0.93 = 0.4867 + 0.333B

0.4433 = 0.333B

B = 0.4433 / 0.333 = 1.33

4 0
2 years ago
Dollar General Corporation operates general merchandise stores that feature quality merchandise at low prices. All stores are lo
Rzqust [24]

Dollar General Corporation operates general merchandise stores that feature quality merchandise at low prices. All stores are located in the United States, predominantly in small towns in 24 midwestern and south eastern states. In the current year, the company reported average inventories of $ 1,668 million and an inventory turnover ratio of 8.0.

Fixed assets turnover ratio = 9.04 Net sales / Avera.

This ratio divides net sales by net fixed assets, calculated over an annual period. The net fixed assets include the amount of property,

Using Fixed Assets turnover ratio, we can find the net sale

Fixed Assets turnover = Net sale/Average fixed assets

$ 2,098 Net sale/1218674000

Net sale is=$ 2,098 × 1218674000

Net Sales is=$ 9.140.055000

Learn more about turnover ratio  here

brainly.com/question/27523896

#SPJ4

6 0
1 year ago
Consider two neighboring island countries called Bellissima and Dolorium. They each have 4 million labor hours available per wee
liubo4ka [24]

Answer:

Bellisima's opportunity cost:  

  • Production of corn per million hours of labor = 8 / 16 = 0.5 pairs of jeans
  • Production of jeans per million hours of labor = 16 / 8 = 2 bushels of rye

Dolorium's opportunity cost:  

  • Production of corn per million hours of labor = 5 / 20 = 0.25 pairs of jeans
  • Production of jeans per million hours of labor = 20 / 5 = 4 bushels of rye

Dolorium has a comparative advantage int he production of rye while Bellisima has a comparative advantage in the production of jeans.

If both countries specialize:

  • Dolorium will produce 80 million bushels of rye.
  • Bellisima will produce 32 million pairs of jeans.

Total production of rye has increased by 12 million bushels.

Total production of jeans has increased by 9 million pairs.

6 0
3 years ago
A firm engages in a new type of financial transaction that has a material effect on its earnings. An analyst should most likely
slega [8]

Answer:

management has not explained its business purpose

Explanation:

Since in the question it is mentioned that the firm is engaged in the new financial transaction that contains the material impact on the earnings so this represents that it could be come under the pre existed accounting standards.

Also everyone should be aware of the business purpose plus it is not established for changing off the financial statements

So it would be suspicious because the purpose of the business could not be explained

4 0
3 years ago
An ______ in the interest rate (r), ceteris paribus, will cause planned investment to ______.
faltersainse [42]

Answer:

An increase in the interest rate (r), ceteris paribus, will cause planned investment to decrease.

Explanation:

An increase in the interest rates determined by the Federal Reserve would imply that the American financial system would pay larger sums of money for direct investments in banks or bonds, which would stop capital investment outside the public financial system, that is, in stocks. private, real estate investments, etc., since money would be invested at a higher profit in safer sectors of the market.

7 0
3 years ago
Other questions:
  • Your company issues $50,000 of one-year, 10% bonds at face value. The journal entry to record this transaction will include a de
    9·1 answer
  • Module Ten: Text Questions
    10·1 answer
  • According to economists, when two people make the exactly opposite decision:
    14·1 answer
  • Firm X is producing 1000 units, selling them at $15 each. Variable costs are $3 per unit and the firm is making an accounting pr
    10·1 answer
  • The city of Animaltown plans to build a new bridge across the river separating the two halves of the city for use by its residen
    14·1 answer
  • Match each of the following characteristics that describe financial accounting, managerial accounting, both financial and manage
    5·1 answer
  • How can understanding the economy help you to make better financial decisions?
    7·1 answer
  • Cullumber Products plans to produce 10200 units in January. Each unit requires 6 pounds of plastic, which costs $5 per pound. Wh
    14·1 answer
  • The growth of industrial manufacturing affected skilled tradesmen by:.
    14·1 answer
  • __________ worth, a frequently used measure of wealth, refers to the value of savings and checking accounts, real estate, automo
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!