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
Whitepunk [10]
3 years ago
7

Junkyard Arts, Inc., had earnings of $593,900 for the year.

Business
1 answer:
PIT_PIT [208]3 years ago
8 0

Answer:

The basic EPS is $11.50

Explanation:

The basic earnings per share is the amount of net income that is earned per share of common equity or the amount of net income attributable to each share of common stock. The basic earnings per share (EPS) is calculated using the following formula,

Basic EPS = (Net Income - Preferred stock dividend) / Weighted average number of common shares outstanding

The preferred stock dividend for the period was = 7 * 2700 = 18900

Basic EPS = (593900 - 18900) / 50000

Basic EPS = $11.50

You might be interested in
On-Time Truckers prepares monthly financial statements. On July 1, the Supplies account had a balance of $3,500. During July, ad
serious [3.7K]

Answer:

Explanation:

The adjusting entry is shown below:

Supplies expense A/c Dr  $6,100

              To supplies A/c  $6,100

(Being supplies account is adjusted)

The supplies expense is computed by

= Supplies beginning balance + purchase of supplies - supplies on hand

= $3,500 + $4,800 - $2,200

= $6,100

To find out the adjusting balance we added the purchase of supplies and deducted the supplies on hand from the beginning balance of supplies account

7 0
3 years ago
What barriers to entry exist in other industries that allow certain firms to operate as a monopoly? Are these barriers contestab
PtichkaEL [24]
1. If the capital base is too large
2. If the monopoly controls a certain raw material
3. If the monopoly has patents
6 0
3 years ago
Do left-handed or right-handed people make more money? one study1 recorded the hourly earnings for a random sample of american m
wolverine [178]
Right handed people make more money. Because most working instrument are only made for right handed hence why they make more money than left-handed people.
4 0
4 years ago
Widgets, Inc. makes a $300 on Widhets, Inc. makes a $300 account sale to Custom Motors. How is the sale recorded in the Accounts
expeople1 [14]
B bc if the food DLC do gas so gc coo be fb bl
4 0
2 years ago
Suppose that Walgreens (a major drug store chain) wants to introduce its own brand of cough medicine that is similar in contents
antoniya [11.8K]

Answer:

Letter b is correct. <em>Private-label brand</em>

Explanation:

Private-lebel brand is when products are supplied or manufactured by a particular company and then labeled with another company's brand. The advantages added to a company that decides to sell a private label product are varied, these items can increase the credibility and reliability of the company, such as increasing the sales flow and diversifying the marketed product lines.

3 0
3 years ago
Other questions:
  • Distinguish among a​ budget, a performance​ report, and a variance. A. A budget measures the differences between a performance r
    6·1 answer
  • In which of the following ways can a person earn an income? A. Investment B. Salary C. Savings D. Wage
    15·2 answers
  • Iron triangles have given way to _____ over the years. intergovernmental lobbying issue networks reverse lobbying iron squares
    12·1 answer
  • Forrest Company manufactures phone chargers and has a JIT policy that ending inventory must equal 10% of the next month’s sales.
    10·1 answer
  • Lesson 3 1. What is financial responsibility? 2. Give at least two examples of utilities. 3. What are features? 4. What are bene
    15·1 answer
  • What is the crown on the ambitious rank?
    6·2 answers
  • Is the following syllogism valid? No Internet service provider is a small business. Some businesses in our town are small busine
    9·1 answer
  • Suppose management estimated the market valuation of some obsolete inventory at $99,000; this inventory was recorded at $120,000
    9·1 answer
  • URL in brainly......how its changed
    5·1 answer
  • Consider again the price control described in the last question. Let's assume that the price control
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!