1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Salsk061 [2.6K]
3 years ago
11

Sheridan company had 303000 shares of common stock issued and outstanding at december 31, 2017. no common stock was issued durin

g 2018. on january 1, 2018, sheridan issued 195000 shares of nonconvertible preferred stock. during 2018, sheridan declared and paid $103000 cash dividends on the common stock and $84000 on the preferred stock. net income for the year ended december 31, 2018 was $611000. what should be sheridan's 2018 earnings per common share? (rounded to the nearest penny)
Business
1 answer:
Nutka1998 [239]3 years ago
8 0

EPS is Net Income attributed to shareholders divided by no. of shares outstanding. The dividend on preferred stock is subtracted from net income before calculating earnings per share (EPS). Following is the formula for Earnings per share

EPS = (Net Income – Preferred Dividend)/ No. of common stocks outstanding

= ($611,000 - $84,000)/ 303,000

= $1.74

Therefore, earnings per share would be $1.74.

You might be interested in
The goal in marketing is to ____.
vaieri [72.5K]
The answer you are looking for is C. meet the needs and wants of the customer.
6 0
3 years ago
signed a contract to work for Acme Global. The contract described the terms of her employment, including her pay and benefits. A
Tems11 [23]

Answer:

Express.

Explanation:

A contract can be defined as an agreement between two or more parties (group of people) which gives rise to a mutual legal obligation or enforceable by law.

There are different types of contract in business and these includes: fixed-price contract, cost-plus contract, bilateral contract, implies contract, unilateral contract, adhesion contract, unconscionable contract, option contract, express contract, etc.

An express contract can be defined as a type of contract in which the terms binding on the two parties are either explicitly stated in writing or orally, or a combination of both.

In this scenario, Angelica signed a contract to work for Acme Global. The contract described the terms of her employment, including her pay and benefits. Thus, Angelica signed an express contract because the exchange of promise is stated explicitly in writing and it's a legally binding agreement on the two parties (employer and the employee).

4 0
2 years ago
Consider the closed (no exports or imports) Latverian economy in which the consumption function is C = 300 + 0.75DI (where DI =
777dan777 [17]

Answer:

0.66

Explanation:

Marginal propensity to consume is the proportion of disposable income that is spent on consumption

Marginal propensity to consume = change in consumption / change in income = C / Y

Gross domestic product (Y) is the sum of all final goods and services produced in an economy within a given period which is usually a year.

In a closed economy, GDP = Consumption + Investment spending + Government Spending

Y = 300 + 0.75(Y - $1,200) + $900 + $1,300

Y = 300 + 0.75Y - $900 + $900 + $1,300

Collect like terms

Y - 0.75Y = $1600

0.25Y = $1600

Y = $6400

Substitute for Y in the consumption function : 300 + 0.75(Y - $1,200)

300 + 0.75($6400 - $1,200)

300 + 0.75($5,200) = $4,200

C = $4200

Marginal propensity to consume = $4,200 / $6400 = 0.66

4 0
3 years ago
Pl lumber stock is expected to return 22 percent in a booming economy, 15 percent in a normal economy, and lose 2 percent in a r
LekaFEV [45]
                    Expected rate of return           Probabilities
Booming                22%                                    5%
Normal                  15%                                   92%
Recession               2%                                     3%

The expected rate of return on this stock is solved by multiply each expected rate of return to its corresponding probability and getting the sum of all products.

Booming: 0.22 x 0.05 =  0.011
Normal:   0.15 x  0.92 = 0.138
Recession 0.02 x 0.03 =<u> 0.0006</u>
Sum total                     0.1496  or 14.96% is the expected rate of return on this stock

3 0
3 years ago
Exercise 11-1 Compute the Return on Investment (ROI) [LO11-1] Alyeska Services Company, a division of a major oil company, provi
Jobisdone [24]

Answer:

1. 28.09 %

2.0.50 times

3.13.97 %

Explanation:

Margin = Profit / Sales × 100

            = $ 5,000,000 / $ 17,800,000 × 100

            = 28.09 % (2 decimal places.)

Turnover = Sales / Total Assets

               = $ 17,800,000 / $ 35,800,000

               = 0.50 times (2 decimal places.)

Return on investment = Divisional Profit Contribution / Assets employed in the  division × 100

                                    =  $ 5,000,000 / $ 35,800,000 × 100

                                    = 13.97 % (2 decimal places.)

8 0
2 years ago
Other questions:
  • The first broad scan of all potential world markets should result in the firm being able to ________.
    7·1 answer
  • Chavez Corporation reported the following data for the month of July: Inventories: Beginning Ending Raw materials $ 31,000 $ 32,
    6·1 answer
  • Command and control (sometimes called direct control) is when the government passes legislation specifically regulating an activ
    12·1 answer
  • Leaders with a large span of control tend to display more consideration and use more personal approaches when influencing follow
    14·1 answer
  • 3. What is expressed in decimal form?<br>a. 0.58<br>b. 5.8<br>c. 1.6<br>d. 625​
    10·1 answer
  • The Sarbanes-Oxley Act of 2002 holds a public company's ________ responsible for the accuracy of thr firm's financial statements
    5·1 answer
  • Which is not a factor that can cause a change in supply?
    7·2 answers
  • Rising of inflation rate is under which PESTLE element​
    6·1 answer
  • Rachel's Designs has 2,000 shares of 7%, $50 par value cumulative preferred stock issued at the beginning of 2019. All remaining
    10·1 answer
  • Using the (DMP) Model. (1) What determines a consumer’s decision to search for work? (2) What determines a firm’s decision to po
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!