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raketka [301]
3 years ago
14

Anjou Company had 10,000 shares of common stock outstanding at December 31, 2018 and 14,000 shares of common stock outstanding a

t December 31, 2019. Anjou had sales of $3,600,000 in 2019 and net income of $280,000 in 2019. What is the earnings per share amount reported for Anjou in 2019?
Business
1 answer:
mixas84 [53]3 years ago
8 0

Answer:

The correct answer is $23,33 per share.

Explanation:

According to the scenario, the given data are as follows:

Net income for 2019 = $280,000

Number of shares in 2018 = 10,000

Number of shares in 2019 = 14,000

So weighted average number of shares = (10,000 + 14,000) ÷ 2

= 12,000

So, we can calculate the earnings per share by using following formula:

Earning per share = Net income for 2019 ÷ weighted average number of shares

By putting the value, we get

$280,000 ÷ 12,000

= $23.33 per share

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The main functions of human resource management can be categorized into ... A. Line function, management functions, and employee
babymother [125]

Answer:

C. Staff functions, line functions, and coordination functions

Explanation:

Human resource management functions may be classed into : line functions which involves the segment charged with the transition of an organization directly into its daily operational activities such as production, selling marketing and other customer service activities. The Staff functions of the human resource Management refers to advisory support on various activities of the organization which has to do with staffing, recruitment.

Coordination function involves the implementation of strategies which ensures synergy between various departments ensuring the adopting of best strategy to ensure maximum output.

5 0
3 years ago
Lever Brothers is considering an idea for a new liquid laundry detergent that contains a whitening agent. The company presented
Harlamova29_29 [7]

Answer:

<em>e. concept testing.</em>

Explanation:

Concept testing is the method of determining the likely reaction of the consumer to a product idea prior to advertising.

The purpose of concept testing is to verify that a product idea is superior over competitive solutions to help consumers get a job done through a work-to-be-done lens.

We need to know what measures consumers use to assess the successful implementation of the work-to-be-done to make this decision.

The concept testing procedures succeed because such consumer measures are developed around them.Using this approach is the only idea test method and is an important step in our cycle of development, Outcome-Driven Development (ODI).

3 0
3 years ago
What is TRUE about non-depository financial institutions?
yKpoI14uk [10]

Non-Depository financial institutions are those institutions that provide various financial assistance. These institutions serves as an intermediaries between borrowers and savers. ... The non-depository financial institutions include commercial banks, credit unions, and saving banks. Therefore, option D is correct

7 0
3 years ago
Why is the infrastructure used for marketing sales in the past becoming useless for today’s needs?
Gennadij [26K]

Answer:

The infrastructure used for marketing sales in the past becoming useless for today’s needs is described below in detail.

Explanation:

Public activities are the design of modern life. Whether community or agricultural, the roads that convey our goods, the gutters that preserve our health and wealth, the cables that provide our electricity, and the vessels that transport our water enable society to operate. Every amenity our neighborhoods take for the award is built on preparation, architecture, building, and managing these assets.

Throughout history, people have prospered through improvements in government works.

7 0
3 years ago
Exercise 12-8 Cash flows from financing activities LO P3 Net income was $35,000. Issued common stock for $64,000 cash. Paid cash
GenaCL600 [577]

Answer:

Cash flows from financing activities = -$12600

Explanation:

Before we determine this company's cash flows from financing activities we should understand what components or cash flows are and/or can be associated with financing activities of a business. Cash flows from financing activities include all those cash flows that are received/paid in financing/funding the entity's operations. All those cash flows that are related to raising funds/finance for the business which normally include cash from issuance of equity/debt/, settlement of mature instruments etc.

So in the question the cash flows that relate to financing activities are as follows;

<em>issued common stock =$64000</em>

<em>paid cash dividend = $14600</em>

<em>settlement of note payable = $50000</em>

<em>payment to acquire treasury stock = $12000</em>

<em />

Cash flows from financing activities = $64000 -$14600 -$50000 -$12000

Cash flows from financing activities = -$12600

In this situation, the company is facing negative cash flows as company has received lower cash from financing and has paid/settled greater amounts.

<em>Note: purchasing of equipment is a cash outflow from investing activities and net income generated is a cash inflow from operating activities.</em>

3 0
3 years ago
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