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MaRussiya [10]
3 years ago
14

Ecker Company reports $1,750,000 of net income for 2017 and declares $245,000 of cash dividends on its preferred stock for 2017.

At the end of 2017, the company had 310,000 weighted-average shares of common stock. What amount of net income is available to common stockholders for 2017?
Business
1 answer:
stich3 [128]3 years ago
5 0

Answer:

$1,505,000

Explanation:

Net income is the earning by the business calculated by deducting all the expenses from the revenue for the period. It is the earning which is available to distribute in the stockholders of the business. The preferred dividend must be paid if there is a profit in the period. The residual amount after deducting profit is available of common shareholders.

Net Income = $1,750,000

Preferred Dividend = $245,000

Income available for Common stockholders = Net Income -  Preferred dividend

Income available for Common stockholders = $1,750,000 - $245,000

Income available for Common stockholders = $1,505,000

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VashaNatasha [74]

Answer:

$760

Explanation:

The tax credit for child and dependent care expenses allows working taxpayers to discount up to 35% of care expenses. The exact percentage that you are allowed to deduct depends on your income:

  • if you earn up to $15,000, you can discount 35% of dependent care expenses of up to $3,000 per child.
  • the percentage decreases for every $2,000 of income (1% decrease per every $2,000), until your income reaches $43,000 where it remains at 20%.

The Kent's earned $53,000 during the year, so they can claim up to 20% of their children's care expenses = $3,800 x 20% = $760

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3 years ago
From the perspective of employee, the effective channeling of work-related infomation and concerns
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From the perspective of an employee, the effective channeling of work-related information and concerns A. <span>should be conveyed directly to the manager in charge of function involved</span>
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3 years ago
When starting a small business, it's important to remember:?
charle [14.2K]
When starting a small business it is very important to remember to take into account your employees point-of- view
6 0
3 years ago
What is the bullwhip effect and how does it relate to lack of coordination in a supply chain?
rewona [7]

Answer:

The bullwhip effect happens when retailers or other members of the supply chain overestimate a sudden increase in demand, and this causes a chain reaction in all the other participants of the supply chain that start requesting higher quantities of goods or materials for production. E.g. the fidget spinner was a very popular fad and its producers probably didn't anticipate how large the demand would be. Once the product became extremely popular, everyone wanted to sell fidget spinners. This caused an increase in the order quantities of all the supply chain. Once the fad faded out, all this momentum stopped and many stores, distributors, wholesalers, and even factories were left with huge unsold stocks of fidget spinners.

When the supply chain is well coordinated, there is little chance for some retailers or distributors to over react and want more product just in case. If your supply is guaranteed, then it would take some extraordinary increase in demand to make you want to increase your purchase orders. But if your supply chain is not well coordinated, you might fear that you will lose a lot of sales and other competitors will make them. Then you get anxious and start ordering large quantities.

6 0
3 years ago
Rising peanut prices have forced peanut butter makers to raise the price of a jar of peanut butter from $2 to $3 per jar, causin
Vanyuwa [196]

Answer:

37.5%

Explanation:

The percentage change in the price of a jar of peanut butter, using the midpoint method, is:

P_B = \frac{3-2}{\frac{3+2}{2}}*100=40\%

The percentage change in sales of jelly is 15%.

The cross elasticity of demand between peanut butter and jelly is:

E = \frac{15\%}{40\%}*100\%\\E=37.5\%

The cross elasticity of demand is 37.5%

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3 years ago
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