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baherus [9]
3 years ago
11

A firm has the following accounts and financial data for​ 2017: Sales Revenue ​$3,060 Accounts Receivable ​$500 Interest Expense

​$146 Total Operating Expenses ​$600 Cost of Goods Sold ​$1,800 Preferred Stock Dividends ​$28 Accounts Payable ​$240 Inventory ​$200 Number of Common Shares Outstanding ​1,000 Tax Rate ​40% The​ firm's earnings per share for 2017 is​ ________.
Business
1 answer:
Dmitriy789 [7]3 years ago
4 0

Answer:

$280

Explanation:

Given that Sales = $3,060

Minus: Cost of goods sold = $1,800

Gross Profit = $1,260

Minus: Operating expenses is = $600

Thus Operating profit is = $660

Minus: Interest = $146

Profit before tax = $514

Tax at 40% = $514 * 0.4 = $206

Net income (Income after-tax) = $308

Minus: Preferred stock dividend = $28

Earnings available to common stockholders = $280

Hence, in this situation, the correct answer is $280 per share

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assuming you had dinner at Tuscan grille in newburyport your bill is 100 how much tax is added to the bill and what portion of t
arsen [322]

Answer:

Tax Value = 107.5 - 100 = 7.5

i'm not sure about the last portion

4 0
2 years ago
Sigma Corporation applies overhead cost to jobs on the basis of direct labor cost. Job V, which was started and completed during
murzikaleks [220]

Answer:

$3,283

Explanation:

Calculation for the overhead cost be added to Job W at year-end

Using this formula

Overhead cost =(Overhead cost / Direct Labor) *Job W Direct Labor

Overhead cost=($6,365 / $9,500) *$4,900

Overhead cost=0.67*$4,900

Overhead cost=$3,283

Therefore the overhead cost be added to Job W at year-end is $3,283

4 0
3 years ago
The following is the Bravo Unlimited adjusted Trial Balance.
ivanzaharov [21]

Explanation:

The preparation of the Assets section is shown below:-

                                         Alpha Dog Company

                                         Adjusted Trial Balance

                                           December 31, 2016

Particulars                                               Assets

Cash                                                        $88,450

Accounts Receivable                             $150,000

Supplies                                                  $29,255

Total current assets                               $179,255

Fixed Assets

Equipment                            $295,285

Accumulated Depreciation -$238,760  $56,525

Stock Investment                                     $172,000

Total Fixed assets                                    $228,525

Total Assets                                              $407,780

Total Assets = Total current assets + Total fixed assets

7 0
3 years ago
At what value should the land be recorded in clementine repair service records?
adell [148]

Answer: $369,500

Explanation:

The Cost concept of accounting calls for the recording of Assets at their cost.

Clementine Repair services offered to buy the land at $350,500 when it was priced at $388,500.

The seller countered with $369,500 and Clementine accepted this.

This means that Clementine bought the land for $369,500 which makes it the cost price.

They should therefore record it at $369,500.

6 0
3 years ago
Can someone explain the relationship between consumer expectations and economic performance?
maks197457 [2]
If a consumer believes that the price of the good will be higher in the future he is more likely to purchase the good now. If the consumer expects that her income will be higher in the future the consumer may buy the good now. In other words positive expectations about future income may encourage present consumption.
5 0
3 years ago
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