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Yanka [14]
4 years ago
14

Financial statement data for the years ended December 31 for Dovetail Corporation follows:2016 2015Net income $448,750 $376,000

Preferred dividends $40,000 $40,000 Average number of common shares outstanding 75,000 shares 60,000 sharesa. Determine the earnings per share for 2016 and 2015. Round your answers to two decimal places.2016 _________$ per share2015 _________$ per shareb. Does the change in the earnings per share from 2015 to 2016 indicate a favorable or an unfavorable trend?
Business
1 answer:
Mandarinka [93]4 years ago
4 0

Answer:

The earnings per share for 2016 are $5.45 per share while the earnings per share for 2015 were $5.60 per share.

The earnings per share has fallen in 2016 as compared to 2015, thus there is an unfavorable trend.

Explanation:

Earning per share (EPS) is the amount of net income allocable to each share of common stock outstanding. It is a useful measure for investors as it tells them how much $ return a business in earning on every share of common stock. The earnings per share is calculated as follows,

Earnings per share = (Net Income - Preferred dividends) / Weighted average shares on common stock outstanding

<u />

<u>The earnings per share for Dovetail is</u>

2015 EPS = (376000 - 40000) / 60000    = $5.60 per share

2016 EPS = (448750 - 40000) 75000    = $5.45 per share

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Gekata [30.6K]

The integral of \int\limits {12cos(4\theta )}\ is\ 3sin4\theta +C

Integration is a way of adding parts to find the whole. Integration can be used to find areas, volumes, central points and many useful things.

\int\limits {12cos(4\theta )} \, d\theta\\\\ =12\int\limits {cos(4\theta )} \, d\theta\\\\=12(\frac{sin4\theta}{4}) +C\\\\=3sin4\theta +C

Where C is the constant of integration

Find out more at: brainly.com/question/18125359

8 0
3 years ago
_______ refer to government agencies and industry trade groups that help identify the skills that local employers require and wo
olga nikolaevna [1]

Answer:

Sector Partnership

Explanation:

Sector partnership indicates the coming together of both the private sector (trade association) and government sector aimed at providing qualified employees through identifying those skills needed by local companies and then working various colleges and universities in order to provide employees possessing those skills required by the local companies.

6 0
3 years ago
Read 2 more answers
Bramble Corp. has two divisions; Sporting Goods and Sports Gear. The sales mix is 65% for Sporting Goods and 35% for Sports Gear
Dima020 [189]

Answer:

The break even in dollars is $23000000

Explanation:

The break even point in dollars is the amount of revenue which produces no profit or no loss and where total revenue equals total cost. The break even in dollars is calculated by dividing the fixed cost by the weighted average contribution margin ratio.

Break even in dollars = Fixed costs / Weighted average contribution margin ratio

Weighted average contribution margin ratio is the contribution margin ratio of each products multiplied by the products weight in the sales mix.

Weighted average contribution margin ratio = Weight in sales mix of Product A * contribution margin ratio of product A + Weight in sales mix of Product B * Contribution margin ratio of Product B

Weighted average contribution margin ratio = 0.65 * 0.3 + 0.35 * 0.5  = 0.37

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Break even in dollars = $23000000

3 0
4 years ago
What is a political argument for regional economic integration? Multiple Choice It reduces the potential for violent conflict. I
Anettt [7]

Answer:

The political argument for regional economic integration is that:

It reduces the potential for violent conflict.

Explanation:

Regional economic integration is a well-known tool for reducing violent conflict between nations within a geographic region.  Other benefits include the creation of economic opportunities for entrepreneurs with expanded markets.  It thereby stimulates economic growth within the region.  It does not increase national sovereignty but increases trade diversion from productive exporters to less capable nations.

5 0
3 years ago
Sheridan Company purchased land as a factory site for $1350000. Sheridan paid $114000 to tear down two buildings on the land. Sa
Zina [86]

Answer: $‭1,482,360‬

Explanation:

The cost of the land will be all the costs that were incurred to get it ready for use.

= Purchase price + cost of tearing down two buildings + legal fees + Title insurance + Assessment Cost  - Salvage

= 1,350,000 + 114,000 + 5,060 + 3,500 + 9,800 - 8,100

= $‭1,482,360‬

4 0
3 years ago
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