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sdas [7]
2 years ago
8

Billy’s Exterminators, Inc., has sales of $592,000, costs of $284,000, depreciation expense of $36,000, interest expense of $28,

000, a tax rate of 35 percent, and paid out $40,000 in cash dividends. The firm has 80,000 shares of common stock outstanding. What are the earnings per share?
Business
1 answer:
defon2 years ago
6 0

Answer:

EPS = $1.9825

Explanation:

EPS (earnings per share) = Net Income / shares of common stock outstanding

Income before taxes = $592,000 - $284,000 - $36,000 - $28,000 = $244,000

Tax = $244,000 x 35% = $85,400

Net Income = $244,000 - $85,400 = $158,600

EPS = $158,600 / 80,000 = $1.9825

Hope this helps!

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Which best describes a central bank’s primary goals?
Pavlova-9 [17]
I think it’s either the last one or the first one sorry if I’m wrong
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3 years ago
Which aspect of the Omnibus Trade and Competitiveness Act allows a U.S. president the authority to restrict sales of a country’s
Kipish [7]

Answer:

Market Access

Explanation:

Based on the information provided within the question it can be said that the aspect that is being mentioned is known formally as Market Access. This term refers to the process of making sure that anyone who may benefit has fast and easy access to the brands that are being sold and at the correct price, and that there are no unfair restrictions being imposed.

3 0
3 years ago
If a store sells a good at the market price, even though the government authorities have set the minimum price that can be charg
Alexandra [31]

Answer:

The correct answer would be option D, Legal Market for a market price that is lower.

Explanation:

If there is a store which sells the goods at the market price even though the government authorities have set the minimum price that can be charged, it means store is selling the product at a price which is higher than the minimum price set by the government, but it doesn't mean that the store owner is doing any illegal trading. This is because the government has set the lower price limit but that ceiling price is non binding. It is not necessary for the market sellers to sell at the price given by government. So they are operating in a legal market for a market price that is lower.

4 0
3 years ago
Listed below are five procedures followed by Eikenberry Company. 1. Several individuals operate the cash register using the same
ArbitrLikvidat [17]

Answer:please see below for answes

Explanation:

1. Several individuals operate the cash register using the same register drawer--- Weak Internal control --- Establishment of responsibilities is violated.

2. A monthly bank reconciliation is prepared by someone who has no other cash responsibilities-----Good---The procedures follows independent internal verification.

3. Joe Cockrell writes checks and also records cash payment entries.-----Weak Internal control ------Segregation of duties is violated

4. One individual orders inventory, while a different individual authorizes payments.---- Good---- The procedures follow the Segregation of duties .

5. Unnumbered sales invoices from credit sales are forwarded to the accounting department every four weeks for recording.---- Weak-----The procedure here does not follow good documentation and procedures.

----Internal controls are measures laid out by companies to ensure its employees are compliant in following set regulations and standards to ensure financial reports are not manipulated and promoting effective operations in order safeguard it's assets from unauthorized use or theft.

Some internal controls include Segregation of duties, documentation procedures, proper authorization, establishment of responsibilities etc.

6 0
3 years ago
Lucy Corporation purchased and used 129,000 board feet of lumber in production, at a total cost of $1,548,000. Original producti
spin [16.1K]

Answer:

Direct material quantity variance

= (Standard quantity - Actual quantity) x standard price

= (5.7 x 23500 - 129,000) x $12

= $59,400(F)

The correct answer is B

Explanation:

Direct material quantity variance is the difference between standard quantity and actual quantity used multiplied by standard price. Standard quantity is obtained by the product of standard quantity per unit and actual production.

4 0
2 years ago
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