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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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B. Surplus and the price level will fall

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If supply is greater than demand, there would be a surplus and prices would fall.

An increase in supply is shown by a rightward shift of the supply curve.

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The Feline Company has been having some difficulties estimating its manufacturing overhead costs. In the past, manufacturing ove
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A

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Your friend Jenny says a Roth IRA has the best tax advantages, because you pay taxes now and won't have to pay them when you tak
Tom [10]

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Right

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3 years ago
The Bawl Street Journal costs $580, payable now, for a 2-year subscription. The newspaper is published 252 days per year (5 days
elena-s [515]

Answer:

The effective annual rate of interest is "10.38%".

Explanation:

The given values are:

Nominal annual interest rate,

Q = 10%

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q = 4

Now,

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On substituting the given values in the above formula, we get

=  [{1 + (\frac{0.10}{4} )}^4]  1

=  [(1 + 0.025)^4] - 1

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=  1.10381289 - 1

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8 0
3 years ago
The coach has created a practice schedule on his own, and many of the players are upset about it. The coach developed this sched
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The coach has created a practice schedule on his own, and many of the players are upset about it. The coach developed this schedule from his own research and ideas, and he believes the players should follow along and work with this new goal. The motivational theory that this scenario represents is McGregor's Theory X of Motivation.

<h3>What is McGregor's Theory X of Motivation about?</h3>

Managers who accept Theory X believe that if you believe that your team members dislike their work, have little motivation, need to be watched every minute, are incapable of being accountable for their work, avoid responsibility, and avoid work whenever possible, you are likely to use an authoritarian management style.

According to McGregor, this technique is highly "hands-on" and frequently entails micromanaging people's work to ensure that it is completed correctly.

Theory X emphasizes the value of increased monitoring, external rewards, and punishments, whereas Theory Y emphasizes the motivating role of job satisfaction and encourages employees to tackle jobs without direct supervision.

Learn more about McGregor's Theory X of Motivation:
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8 0
1 year ago
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