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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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Over a long period of time Sears has slipped from being America's largest retailer to struggling for survival in recent years. W
Kaylis [27]

Answer:

I think Sears need to stop diversifying its product too much and focus on improving internal human resources.

Explanation:

The largest expense that Sears made occurred during their effort to add more female customers to shop at their place.

Sears was known for  its DieHard, Craftsman and Kenmore brands that attract mostly male customers to their stores. They started “The Softer Side of Sears”  which focused on adding more products for female customers.

But, in the process of doing so, Sears neglected their already successful male products department with a lot of employees who sacrifice a lot of their time and effort into making Sears as big as it is.

In order to restore to its former glory, Sears need to stop focusing on new market with a lot of strong competitors and focused on improving skill set of employees in their successful department. They can do this by investing in their education, increasing the budget for their research and development, etc.

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4 years ago
The purpose of the ________ of performance appraisal is to keep managers from being excessively lenient and having a disproporti
Kitty [74]

Answer: forced distribution method

Explanation:

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8 0
3 years ago
How much money is wasted on fraudulent health products each year.
Lubov Fominskaja [6]

Answer:

60 billion

Explanation:

This might help you: The National Health Care Anti-fraud Association (NHCAA) conservatively estimates that 3 percent of all health care spending, or $60 billion, is lost to health care fraud.

Hope this helps :)

Have a nice day!

8 0
2 years ago
jounralize and post closing entries and complete the closing process list all debit entries before credit entries credit account
DochEvi [55]

Preparing closing entries, which involves journalizing and uploading the entries to the ledger, is the eighth phase in the accounting cycle. During closure, there are four entries. To the Income Summary account, the initial entry cancels revenue accounts.

<h3>What order should the steps for closing an account be taken in?</h3>

Following is the basic order of closing entries: Clear the balances in the revenue accounts by debiting each revenue account and crediting the income summary account. To eliminate the balances in all expenditure accounts, credit all expense, accounts and debit the revenue summary account.

A journal entry debiting all revenue accounts and crediting the income summary is used to accomplish this. The same procedure is then used to calculate expenditures. Crediting the expense accounts and debiting the income summaries closes out all expenditures.

To know more about closing entries, refer:

brainly.com/question/13469087

#SPJ4

7 0
1 year ago
Jason and Katrina work on the loading dock for Longhaul Transport Company. Jason has a disability. Katrina has seniority. Jason
SSSSS [86.1K]

Answer:

Katrina's seniority is a good defense.

Explanation:

Industrial Jurisprudence

This is refered to as a system of rules and regulations that is used by labor and management fashion to show their specific employment rights and obligations in the work environment.

Seniority System

This is refered to as different rules and procedures usually within an agreement that shows the allocation of certain job situations including promotion, layoff and recall, as well as certain economic benefits based on length of service. This is application to many organizations.

Seniority

This very important measure of employee job security and it start with acquiring seniority on the date & time of hire (cannot be awarded until completion of probationary period).

Jason may lose the case as a result of the seniority system.

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3 years ago
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