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baherus [9]
2 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]2 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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Adams Furniture receives a special order for 10 sofas for a special price of $3,000. The direct m als and direct labor for each
Misha Larkins [42]

Answer:

                                                                        $

Special order of sofa                                   3,000

Less: Relevant cost of production:

Direct material & direct labour ($100 x 10) <u>1,000</u>

Incremental benefits                                    <u> 2,000</u>

Adams Furniture should accept the special order because the incremental benefit is $2,000

If Adams Furniture Operates at Full Capacity   $

Sales of sofa (10 x $500)                                    5,000

Les: Relevant cost of production

Direct material & direct labour ($100 x 10)       1,000

Incremental benefits                                            4,000

In this case, Adams Furniture should not accept the special order because the incremental benefit of the special order is less than the incremental benefit at full capacity. Adams Furniture can only accept the special order if the buyer is ready to pay $500 per order as against the $300 per sofa offered by the buyer.

                                 

Explanation:

5 0
3 years ago
What is the difference between the price of a product<br> and the opportunity cost of a product?
maxonik [38]

Answer:

see below

Explanation:

The price of a product refers to the amount that a customer pays to acquire the product. It is the monetary value attached to the product. Price is the minimum amount of money that a supplier or seller accepts in exchange for goods and services.

Opportunity cost is the forfeited benefits for not selecting a particular option. Opportunity costs arise as people make choices between various alternatives. Once the preferred option has been selected, the next best alternative is the opportunity cost. The value of opportunity cost is the missed benefits from the next best alternative.

4 0
2 years ago
The excerpt most directly expresses an economic perspective that:.
eimsori [14]

Prioritized regional interests is the excerpt most directly expresses an economic perspective. Since the south already had rivers to carry products and they did not want to invest on roads and canals that would not help American.

<h3>What is economic perspective?</h3>

The application of the principles of optimizing behavior, demand, and supply to institutions and conduct in the political sphere is referred to as "economics from a political perspective."

Conservative economists, Progressive economists and  Radical economists are the three discipline of economics.

Thus, Prioritized regional interests is the excerpt that express economic perspective.

For further details about  economic perspective, click here:

brainly.com/question/22350874

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7 0
2 years ago
A traditional economy is when goods are sold and bought based on how things have been done for generations.
Neko [114]
The answer is True

I hope this is correct and helps.
6 0
3 years ago
Jeffery and Cassie, who are married with modified AGI of $90,000, are sending their son to his first year of college. Their tota
Nezavi [6.7K]

Answer: B. $2,500

Explanation:

The American opportunity tax credit (AOTC) is a tax credit benefit for parents and Guardians to paying tuition on Qualified students.

A maximum of $2,500 in credit can be acquired per eligible student and to qualify for this maximum, a married couple filing together must have a Modified Adjusted Gross Income (MAGI) of less than $160,000.

With a modified AGI of $90,000, Jeffery and Cassie are below the threshold and qualify for the full figure.

3 0
3 years ago
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