Answer: $1.21
Explanation:
Earnings per share = (Net income - Preferred dividends) / Weighted average number of common shares outstanding
Weighted average number of shares outstanding:
Opening = 300 million shares
Treasury stock on March 1 = 54 million * (10 / 12 months) = 45 million shares
Share balance = 300 - 45 = 255 million shares
Dividend to be added = 255 * ( 1 + 5%) = 267.75 shares
Add Treasury stock sold = 267.75 + (9 million * 3/12 months)
= 270 million shares
Earnings per share = (400 - (8 * 9% * 100) ) / 270
= $1.21
Answer:
b) Debt Investments: 520,000 | Interest Revenue: 12,500 | Cash: 532,500
Explanation:
The journal entry to record the purchase of the bond is shown below:
Debt investment Dr $500,000 × 1.04) $520,000
Interest revenue Dr ($500,000 × 10% × 3 ÷ 12) $12,500
To Cash $532,500
(being the purchase of the bond is recorded)
Here the debt investment and interest revenue is debited as it increase the assets and decreased the revenue while on the other hand the cash is credited as it decreased the assets
Hence, the correct option is b.
<span>The answer is that lobbyist practices of special interest groups help not only the group but companies influence public policy.
Lobbying involves a person paying a visit to legislators, government officials, or congressmen to talk about policies, stances on policies, and even allows the chance for the lobbyist to persuade the official to seek a position that benefits the lobbyist's interest group.</span>
You are more likely to sell larger quantities of products to a B2B client
