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zvonat [6]
3 years ago
13

Scotland Corporation had net income for 2018 of $ 77 comma 000. Scotland had 13 comma 000 shares of common stock outstanding at

the beginning of the year and 26 comma 000 shares of common stock outstanding at the end of the year. There were 11 comma 000 shares of preferred stock outstanding all year. During​ 2018, Scotland declared and paid preferred dividends of $ 22 comma 000. What is​ Scotland's earnings per​ share? (Round the answer to two decimal​ places.)
Business
1 answer:
Arturiano [62]3 years ago
3 0

Answer:

$2.82 per share

Explanation:

The computation of the earning per share is shown below:

Earning per share = (Net income - preferred dividend) ÷ (Weighted average Number of common shares)

where,

Weighted average number of common shares is

= (13,000 shares + 26,000 shares) ÷ 2

= 19,500 shares

So, the earning per share is

= ($77,000 - $22,000) ÷ (19,500 shares)

= $2.82 per share

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3 years ago
cite three real life situations where quadratic equations are illustrated. Formulate quadratic equations out of these situations
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Answer:

I want to know the sides of a pizza if the width is 9 inches larger than the height and the area is 250 squared inches.

My brother wants to know how long his bed is if it has an area of 2m and the width is .5m larger than the height.

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Explanation:

To solve this you just have to think on the unknown value and represent it as "X" in the first problem we do not know the length or width but we have a values given between them, so if "x" is the height then the width becomes "x+9" so those two values multiplied become the area.

x(x+9)=250\\x^{2} +9x=250\\x^{2} +9x-250=0\\

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My brother wants to know how long his bed is if it has an area of 2m and the width is .5m larger than the height.

2m as an area and the height is "x"

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3 years ago
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3 years ago
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Fletcher Company collected the following data regarding production of one of its products. Compute the direct materials quantity
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Answer:

Direct materials quantity variance = 5800 Unfavorable

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given data

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Actual finished units produced = 38,000 units

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to find out

Direct materials quantity variance

solution

we get here Direct materials quantity variance that is express as

Direct materials quantity variance = ( Actual Quantity - Standard Quantity) × Standard Price    ........................1

we know here Actual Quantity is 230,900 lbs

and Standard Quantity  is = Actual finished units produced × Direct materials standard quantity per unit

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Standard Quantity = 228000 lbs  and here Standard Price is $2 per lb

so put here value in equation 1 , we get

Direct materials quantity variance = (230900 - 228000) × $2

Direct materials quantity variance = 5800 Unfavorable

so correct option is $5,800 unfavorable

3 0
3 years ago
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