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Dima020 [189]
3 years ago
13

inancial information for Forever 18 includes the following selected data: ($ in millions except share data) 2021 2020 Net income

$ 207 $ 124 Dividends on preferred stock $ 32 $ 23 Average shares outstanding (in millions) 300 200 Stock price $ 11.37 $ 10.32 Required: 1-a. Calculate earnings per share in 2020 and 2021. (Enter your answers in millions (i.e. 5,500,000 should be entered as 5.5).)
Business
1 answer:
KengaRu [80]3 years ago
8 0

Answer:

$0.51 per share and $0.58 per share

Explanation:

The computation of the earning per share is shown below:

As we know that

Earning per share = (Net income - Dividends on preferred stock) ÷ (Average shares outstanding)

For 2020, it is

= ($124 - $23) ÷ (200 millions)

= $0.51 per share

And for 2021, it is

=  ($207- $32) ÷ (300 millions)

= $0.58 per share

We simply applied the above formula

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Bill Darby started Darby Company on January 1, Year 1. The company experienced the following events during its first year of ope
Anettt [7]

Answer:

Darby Company

The amount of interest payable at December 31, Year 1 is:

$76.67

Explanation:

a) Data and Calculations:

Cash Revenue = $1,300

Bank Note Payable = $2,300

Interest rate on Bank Note = 10%

Issue date of bank note = September 1, Year 1

Term of bank note = 1 year

Amount of interest payable on December 31, Year 1:

= $2,300 * 10% * 4/12 = $76.67

b) The amount of interest payable on the loan totals $230 ($2,300 * 10%).  However for Year 1, the interest payable is reduced to 4 months (September 1 to December 31, Year 1), amounting to $76.67.  This implies that the remaining interest ($153.33) will be payable in the period between January 1 and August 31 in Year 2.  In accordance with the accrual and matching principles of generally accepted accounting principles, interest expense must be accrued to the period when the expense is incurred and matched to the revenue it has generated.

4 0
3 years ago
Which of the following best represents the stream of income that is available to common stockholders?
dmitriy555 [2]
Greeting's!

<span>c. earnings before interest and taxes .
______________________________
</span>
7 0
3 years ago
Mateo gets an email from an address he doesn't recognize asking him to send money. It is a young student who is stranded oversea
Soloha48 [4]
No, most likely it’s a scam. People like to scam people to get money now a days. It’s just a way for “easy” money for people who are desperate!
7 0
2 years ago
Read 2 more answers
Five consumers have the following marginal utilities of apples and pears: Consumer Marginal Utility of Apples Marginal Utility o
Leokris [45]

Answer:

Options C and E

Only Nick and Jake are optimising over his choice of fruit?

Explanation:

The marginal utility obtained from the purchase of a product is the amount of satisfaction derived from purchasing an additional unit of the product.

The utility is maximised when the satisfaction in terms of marginal utilities obtained from each product is equal to each other.

We obtain this simply by dividing the marginal utilities for each fruit by their price, and comparing them.

Dmitiri:

Apples: 8/1 =8

Pears: 10/2 =5

8/1 is not equals to 10/2

Frances:

Apples: 7/1 =7

Pears: 16/2 =8

7 is not equals to 8

Jake:

Apples: 6/1 =6

Pears: 12/2 =6

The marginal utility is equal hence Jake's choice is optimal

Latasha:

Apples: 5/1 =9

Pears: 9/2 =4.5

9 is not equals to 4.5

Nick:

Apples: 4/1 =4

Pears: 8/2 =4

The marginal utility is equal hence Nick's choice is optimal

5 0
3 years ago
You have a portfolio that is equally invested in Stock F with a beta of 1.08, Stock G with a beta of 1.45, and the market. What
Aliun [14]

Answer:

1.265

Explanation:

According to the situation, the solution of the beta of portfolio is as follows

Beta portfolio = (weightage of investment F × beta F) + (proportion of investment G ×beta G)

Beta protfolio =  (0.5 × 1.08) + (0.5 × 1.45)

= 0.54 + 0.725

= 1.265

Hence, the beta of your portfolio is 1.265  by applying the above formula

5 0
3 years ago
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