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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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Cost leadership is a sustainable source of competitive advantage only if no barriers exist that prevent competitors from achievi
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Answer: false

Explanation:

The statement is false because cost leadership is not really sustainable as it's cost effective due to the maintenance charge required to keep them in a great care despite the low operational cost being runned by the organization

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Jessica owns a small trading company. The company buys small vending machines from a manufacturer and sells them to the a retail
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The anwser is c just took the test
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3 years ago
Listed below are year-end account balances (in $millions) taken from the records of Symphony Stores.
azamat

Answer:

d) $2,377 millions.

Explanation:

Total of Assets comprises the sum of Current Assets and Non Current Assets. Current Assets are assets of a short term nature not exceeding 12 months and Non - Current Assets are assets of a long term nature, exceeding 12 months.

In the Balance Sheet, some assets are presented at their net amounts. Property Plant and Equipment is presented net of accumulated depreciation. Trade Receivables are presented net of allowances for uncollectable amounts.

Therefore,

Total Assets Calculation :

                                                                       $ millions

Accounts receivable-trade                              699

Building and equipment                                  930

Cash-checking                                                   40

Interest receivable                                             34

Inventory                                                            25

Land                                                                  166

Notes receivable (long-term)                         484

Petty cash fund                                                   7

Prepaid rent                                                      28

Supplies                                                              8

Trademark                                                        49

Accumulated depreciation                             (75)

Allowance for uncollectible accounts            (18)

Total Assets                                                  2,377

3 0
3 years ago
Mark, a newspaper editor, walks into the newsroom and announces to a group of five reporters: "I'll pay a $2,000 bonus to the fi
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Mark made a promise to his staffs in the newspaper newsroom to be fulfilled, if the task was accomplished by anyone. Of which Anna completed the task and claimed the promise by the editor.

3 0
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The balance sheet of Innovative Products reports total assets of $570,000 and $770,000 at the beginning and end of the year, res
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Answer:

$201,000

Explanation:

The computation of net cash flows from operating activities is shown below:-

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Ending total assets                   $770,000

Average Total Assets in use    $670,000

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($670,000 × 25%)

Therefore the Cash Flow from operating activities is $201,000

6 0
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