Solution:
Numerator (Basic EPS): Net income = $900 million;
Preferred dividends = $27 million (9% x $100 = $9/share x 3 million;
Since the preferred stock is cumulative, the dividend is deducted whether or not paid)
Denominator (Basic EPS): Weighted average # shares of common stock outstanding
1/1 – 12/31 => 540 x (12/12) => 540 x 1.05 = 567
3/1 – 12/31 => (24) x (10/12) = (20) x 1.05 = 21
10/1 – 12/31 => 4 x (3/12) = 1
= 567 - 21 - 1 = 547
Weighted average # shares 190
Basic EPS = ( $900 - $27 ) ÷ $547
= $873 ÷ $547 = 1.59
Answer: $7
Explanation:
Due to scarcity of resources, economic agents have to make choices and the real cost of the forgone alternative when a choice is made is referred to as the opportunity cost.
Based on the information given, the opportunity cost of eating at Soup Plantation will be the $7 worth of value that will be gotten when one eats at Del Taco.
Answer:
Explanation:
4 is the right one of not sowy
I think its either a) or d) Tell me if I’m wrong
The answer to this question is: Voluntary exchange
In economy, voluntary exchange refers to the trade of resources between two parties that based on their own will.
This type of exchange usually could only happen because both parties feel that they will be advantaged from the exchange