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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.

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You have $106,000 to invest in a portfolio containing Stock X and Stock Y. Your goal is to create a portfolio that has an expect
Helga [31]

Answer:  ER(P) = ERX(WX) + ERY(WY)

                   16 = 13(1-WY)  + 9(WY)

                    16 = 13 - 13WY + 9WY

                    16 = 13 - 4WY

                   4WY = 13-16

                   4WY = -3

                     WY = -3/4

                     WY = -0.75

                     WX = 1 - WY

                     WX = 1 - (-0.75)

                     WX = 1 + 0.75

                     WX = 1.75

 The amount to be invested in stock Y = -0.75 x $106,000

                                                                    = -$79,500

The Beta of the portfolio could be calculated using the formula:

                     BP = BX(WX) + BY(WY)

                     BP = 1.14(1.75) + 0.84(-0.75)

                     BP = 1.995 - 0.63

                     BP = 1.365

Explanation: The expected return of the portfolio is equal to expected return of stock X multiplied by the weight of stock X plus the expected return of stock Y multiplied by weight of security Y. The weight of security Y is -0.75. The weight of security X is equal to 1 - weight of security Y. Thus, the weight of security X is 1.75 since the weight of security Y is negative. The amount to be invested in security Y is -0.75 x $106,000, which is equal to -$79,500

The Beta of the portfolio equals Beta of stock X multiplied by weight of stock X plus the Beta of stock Y multiplied by weight of stock Y. The weights of the two stocks have been obtained earlier. Therefore, the Beta of the portfolio is 1.365.

6 0
3 years ago
Which of the following is true of work?
Mademuasel [1]

Answer:

a. A job needs to be divided into types of work so that it can be coordinated in some logical way. ==>TRUE.

b. Work is the output that comes from the accomplishment of tasks. ==>FALSE.

c. Work is effort directed toward accomplishing results.==>TRUE.

d. Ideally, the work to be done in any organization should be significantly less than the amount of work that the organization needs to have done.==>FALSE

Explanation:

For a Job to be effectively executed, the steps required to carry out the job needs to be properly outlined, this itemized steps can be regarded as the work that needs to be done to properly execute the job.

Every work done has to be goal oriented, this is done to give the workers a sense of direction and also to avoid wasting time, energy and resources on things irrelevant to the job at hand.

Work done on an organization has to be equal to or more than it had planned to carry out in order to achieve the organization overall objectives.

5 0
3 years ago
A buyer submits an offer to purchase to the listing agent. He finds out that more than several offers are coming in for the same
zmey [24]

A buyer submits an offer to purchase to the listing agent. He finds out that more than several offers are coming in for the same property. He can expect that all offers will probably be presented at the same time, and the seller will select among them.

Explanation:

In certain situations buyers have to consider multiple rival purchase deals. Sellers will deal with different deals in several ways.

Sellers should consider the "highest" bid; warn all potential buyers that other deals are "at the table;" they can "compare" one offer by put the another offer on the side pending a counter-offer vote, or they can "fight" one offer and refuse the other.

The various bargaining tactics that you can use in multiple deals agreements are advantages and disadvantages. The low initial bid may lead to the purchase of the property you want for less than the quoted price, or may lead to the acceptance of a higher offer from another bidder.

3 0
3 years ago
A(n) _____ is the combination of advertising, personal selling, sales promotion, social media, and public relations that are use
mamaluj [8]

Answer:

Promotional mix

Explanation:

Promotional mix can be defined as a combination of different marketing approaches which are carried out to improve the sales of the company products and services.

Promotional mix is used by marketers to provide potential customers with adequate information about their products and services.

Promotional mix is essential for building strong awareness about the product, it is also very effective at reaching a wide range of different audiences.

4 0
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The Bretton woods system of exchange rates relied on A. Fixed exchange rates with no mechanism for changing them. B. Fixed or pe
aleksklad [387]

The Bretton woods system of exchange rates relied on <u>"fixed or pegged exchange rates, with occasional orderly adjustments to the rates."</u>



The Bretton Woods arrangement of money related administration built up the rules for business and monetary relations among the United States, Canada, Western Europe, Australia, and Japan after the 1944 Bretton Woods Agreement. The Bretton Woods framework was the principal case of a completely arranged financial request expected to administer money related relations among free states. The central highlights of the Bretton Woods framework were a commitment for every nation to embrace a fiscal approach that kept up its outer trade rates inside 1 percent by binds its money to gold and the capacity of the IMF to connect transitory uneven characters of installments. Likewise, there was a need to address the trouble among different nations and to anticipate focused depreciation of the monetary forms also.


6 0
3 years ago
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