Which two tasks does a geologist perform?

On December 31, 2020, Brisbane Company had 100,000 shares of common stock outstanding and 28,000 shares of 6%, $50 par, cumulati

Shalnov [3]

Answer:

basic earnings per share = $1.14

diluted earnings per share = $1.02

Explanation:

net income = $178,905

preferred stocks = 28,000 x 6% x $50 = $84,000

January 1, 100,000 shares outstanding x 12/12 = 100,000

February 28, purchased -22,000 treasury stocks x 10/12 = -18,333

September 30, sold 5,800 treasury stocks x 3/12 = 1,450

total weighted average stocks = 83,117

diluted stocks = [($48 - $38) / $48] x 48,000 = 10,000

basic earnings per share = (net income - preferred dividends) / weighted average stocks = ($178,905 - $84,000) / 83,117 stocks = $1.14

diluted earnings per share = (net income - preferred dividends) / (weighted average stocks + diluted stocks) = ($178,905 - $84,000) / (83,117 + 10,000 diluted stocks) = $1.02

3 0

3 years ago

The Highfield Company is going through a five-year of fast growth at 20% initially, and then it will grow at a perpetual rate of

slava [35]

Answer:

P0 = $66.6429 rounded off to $66.64

Option c is the correct answer

Explanation:

Using the two stage growth model of dividend discount model, we can calculate the price of the stock today. The DDM values a stock based on the present value of the expected future dividends from the stock. The formula to calculate the price of the stock today is,

P0 = D0 * (1+g1) / (1+r) + D0 * (1+g1)^2 / (1+r)^2 + ... + D0 * (1+g1)^n / (1+r)^n + [(D0 * (1+g1)^n * (1+g2) / (r - g2)) / (1+r)^n]

Where,

g1 is the initial growth rate

g2 is the constant growth rate

r is the required rate of return

P0 = 2* (1+0.2) / (1+0.1) + 2 * (1+0.2)^2 / (1+0.1)^2 + 2 * (1+0.2)^3 / (1+0.1)^3

+ 2 * (1+0.2)^4 / (1+0.1)^4 + 2 * (1+0.2)^5 / (1+0.1)^5 +

[(2 * (1+0.2)^5 * (1+0.04) / (0.1 - 0.04)) / (1+0.1)^5]

P0 = $66.6429 rounded off to $66.64

7 0

3 years ago

The five-dollar Burger Joint gift card that your friend gave you for your birthday expires today. You can either use the gift ca

Radda [10]

Answer:

Opportunity cost is the benefit that is foregone for an individual by choosing one alternative over other alternatives available to him.

If the opportunity cost is lower for an individual then this will benefit him whereas if the opportunity cost is higher then this will not benefit the individuals.

We know that if a person stay at home and eat delicious home-cooked then he must use some ingredients to cook food.

Therefore, the opportunity cost of eating the home-cooked meal is five-dollar Burger Joint gift card and the value of ingredients that are use in the home-cooked food.

4 0

2 years ago

Vandana shiva agrees that the green revolution has increased agricultural output and household incomes, but she is concerned abo

Anna11 [10]

<span>cultural, economic and environmental changes. The most one is environmental changes. The green revolution cause for excess use of chemicals and pesiticides that accelerated the rate of pollution and imabalance. The people will start a new culture of depending upon chemicals for agriculture which may negatively affect the very existence of nature.</span>

7 0

3 years ago

How does applying econometrics to economics validate economic decisions for an organization? support your response with an examp

nordsb [41]

<span>By utilizing economic theories, for example, Frequency disseminations, likelihood and likelihood conveyances, actual impedance, straightforward and various relapse investigation, synchronous conditions models and Time arrangement techniques, econometrics utilizes these speculations, math and statistical obstructions to evaluate the financial hypotheses.</span>

8 0

3 years ago