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kobusy [5.1K]
3 years ago
6

Murray Company reports net income of $770,000 for the year. It has no preferred stock, and its weighted-average common shares ou

tstanding is 350,000 shares. Compute its basic earnings per share.
Business
1 answer:
blondinia [14]3 years ago
4 0

Answer:

EPS = 2.2

Explanation:

Earning per share is the amount due to each of the ordinary shareholders after settlement of interest due on loans , preferred dividends and tax.

Earnings per share (EPS) = Earnings attributable to ordinary shareholders ÷ Units of shares

Where ;

Earnings attributable to ordinary shareholders = Net income - Preferred dividends

EPS = $770,000 - 0 ÷ 350,000 shares

EPS = $2.2

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marshall27 [118]

When four infineon technologies executives participated in an international conspiracy to fix prices for computer memory chips, they were acting with other firms as a cartel.

Given an incomplete sentence related to infineon technologies.

We are required to fill the sentence by an appropriate term.

We can fill the sentence with "a cartel".

A cartel is basically a formal agreement among firms in an oligopolistic industry. Members of cartel may agree on such matters as prices, total industry output, market shares, allocation of customers, allocation of territories, bid-rigging, establishment of common sales agencies, and the division of profits or combination of these. It is basically a group of people who are collected to complete an objective.

Hence when four infineon technologies executives participated in an international conspiracy to fix prices for computer memory chips, they were acting with other firms as a cartel.

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1 year ago
A high-interest savings account pays 5. 5% interest compounded annually. If $300 is deposited initially and again at the first o
Arte-miy333 [17]

For the given question, the summation that represents the money in account is:

\begin{aligned}\sum_{10}^{n=1}316.5(1.055)^{n-1} \end{aligned}

The principal amount if compounded annually, the formula that represents the amount to be received after n years is:

\rm A = P(1 + \dfrac{r}{100})^t where A is the amount received after compounding, P is the principal, r is the rate of interest and t is the tenure.

<h3>Solution:</h3>

Given:

Annual interest rate(r) is 5.5%

Principal is(P) $300

Tenure is(t) 10 years

On substituting the values in the formula \rm A = P(1 + \dfrac{r}{100})^t

The amount received after compounding at the end of 1 year will be:

\rm A = 300(1 + \dfrac{5.5}{100})^1\\&#10;\\&#10;A=300(1.055)\\&#10;\\&#10;A=\$316.5

Similarly, the amount to be received after 2 years will be:

316.5+316.5(1.055)

The amount received after 10 years will be:

316.5+316.5(1.055)+316.5(1.055)^2+.......  upto 10 years

Therefore the summation that represents the money in account after 10 years is:

\begin{aligned}\sum_{10}^{n=1}316.5(1.055)^{n-1} \end{aligned}

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Answer:

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Answer: I think the train fare.

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