1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Blizzard [7]
3 years ago
13

Brief Exercise 4-08 In 2020, Kingbird Corporation reported net income of $1,171,600. It declared and paid preferred stock divide

nds of $265,400. During 2020, Kingbird had a weighted average of 209,100 common shares outstanding. Compute Kingbird 2020 earnings per share. (Round earnings per share to 2 decimal places, e.g. 1.48.) Kingbird 2020 earnings per share $enter Kingbird's 2017 earnings per share in dollars rounded to 2 decimal places
Business
1 answer:
Verizon [17]3 years ago
3 0

Answer:

$4.33 per share

Explanation:

Given that,

Net income = $1,171,600

Preferred stock dividends paid = $265,400

weighted average of common shares outstanding = 209,100

Therefore,

Earnings per share:

= (Net income - Preferred stock dividends paid) ÷ weighted average of common shares o/s

= ($1,171,600 - $265,400) ÷ 209,100

= $906,200 ÷ 209,100

= $4.33 per share

Hence, the Kingbird 2020 earnings per share is $4.33.

You might be interested in
​rajon is trying to decide between majoring in psychology and majoring in economics. he considers the intensity of each major si
jeyben [28]

Rajon has employed a utility theory of which a person has decided and targeted his or her preference in life as it is seen on Rajon’s actions as he tries to determine the course he would take of which is beneficial for him in the future which are considered to be his preference in his life. It is also a way of having people rank choices and which would be of preference or priorities in their life. It can be illustrated on Rajon’s actions as he tries to take up choices of which is best and which are his priorities in relation his field and job after he graduated in his school.

5 0
3 years ago
What is the organization of metropcs?​
klio [65]
Metro by T-Mobile is a prepaid wireless carrier brand owned by T-Mobile US. It previously operated the fifth largest mobile telecommunications network in the United States using code division multiple access. 
3 0
3 years ago
As a contemporary manager, your employees will perceive that their opinions are more valued if: you provide settings where emplo
erma4kov [3.2K]

Answer:

 you provide settings where employees have the opportunity to converse with all levels of management.

Explanation:

In simple words, employees feel motivated and values when they fell involved in the decisions inside the organisation, as these decisions affects them too.

    Generally, the core decisions in any organisation are taken by top managers but they too are dependent on lower level managers for the data they receive. Hence, a network should be set for employees so they can give their suggestions to  all levels of managers.

6 0
3 years ago
According to the Portland Business Journal, Jim Houser, a Portland auto specialist, landed a key Small Business Administration a
mario62 [17]

Answer:

reconciliate balance $ 22,388,675‬

Explanation:

bank statement:                18,835

deposits in transit           100,740

                                 22,376,200

outstanding check

  10189                            (56,710)

  10192                            (15,365)

  10193                           (22,650)

  10194                            (12,375)

Adjusted balance:  22,388,675‬

checkbook balance: 22,385,105

      interest earned           4,020

      ATM card fees              (450)

  Adjusted balance:  22,388,675

Notes: For each statement we adjust for the unknown information.

The bank is unaware of the outstanding check and the deposit in transit.  So we adjust for these concepts.

The company has no knowledge of the ffes and interest earned until receiving the bank statement so we must adjust for that amount.

7 0
3 years ago
Suppose Dexter and Amy are the only members of a community that is trying to determine how much of a public good should be produ
Olin [163]

Answer:

c.

Explanation:

4 0
3 years ago
Other questions:
  • Which of the following elements of a process most directly impacts or affects process capabilities? Multiple Choice Activities I
    15·1 answer
  • Suppose you are a T-shirt producer in a market without price controls. You are charging a price that is below the equilibrium pr
    8·2 answers
  • 5. Owes First National Bank $350 (Accounts Payable) A. Asset C. Both B. Liability D. Neither
    13·1 answer
  • Because investors are often unwilling to buy stock in a company without any
    10·1 answer
  • Blaine Air Transport Service, Inc., providing air delivery service for businesses, has been in operation for three years. The fo
    12·1 answer
  • Jonathan wants to start a business that relies entirely on the buyer’s demand. In which economic system is best suited for his b
    8·2 answers
  • Min applies for a job as a receptionist at an accounting firm. If she is denied a job because she is of Asian origin, she may be
    8·2 answers
  • When you ____________ you spend money on something with the expectation that it will return a greater value in the future.
    9·2 answers
  • If a rise in incomes is the same proportion for both low-income and high-income workers, then poverty will rise and inequality w
    12·1 answer
  • according to the efficient markets hypothesis, the number of people who think a stock is overvalued exactly balances the number
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!