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Cloud [144]
3 years ago
9

Cracker Company had 2 million shares of common stock outstanding all through 2017. On April 1, 2018, an additional 100,000 share

s were sold and issued. On September 30, 2018, Cracker declared a 2-for-1 stock split. Net income in 2018 and 2017 was $10 million and $8 million, respectively. In the 2018 comparative financial statements, EPS (rounded) would be reported as follows: 2018 EPS 2017 EPS a. $ 2.41 $ 2.00 b. $ 2.41 $ 4.00 c. $ 4.82 $ 4.00 d. $ 4.82 $ 4.00
Business
1 answer:
JulsSmile [24]3 years ago
8 0

Answer:

a. $ 2.41 $ 2.00

Explanation:

Earning per share is the ratio of net Income of the business per outstanding share of the business after deducting the preferred dividend from net earning. It shows how much each stockholder earn against their each share in a specific period.

Earning Per share = Net Income / Outstanding numbers of shares

2017

EPS = $8,000,000/(2,000,000 x 2) = $2.00

As new stock is issued and stock split is declared so, outstanding numbers of shares are changed.

2018

EPS = $10,000,000 / [ ( 2,000,000 x 2 ) + ( 100,000 x 9 / 12 x 2 ) ] = $2.41

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Four years ago, a popular sandwich company used to sell 12-inch roast beef subs for only $5, but the same product now costs $7.6
Alex17521 [72]

Answer:

11.36%

Explanation:

Divide the new price of roast beef with the old one. 7.69 / 5

7.69 ÷ 5 = 1.538

Also divide 1 with the number of years inflation occur

1 ÷ 4 = 0.25

Next, is to raise the first answer gotten to the power of second.

1. 538 ^ 0.25 = 1.113625

Subtract from from 1

1 - 1.1136235 = -0.1136 = - 11.36%

8 0
3 years ago
Nell, a member of a protected class, applies for a job with Origami Paper Corporation, but fails the company's employment test a
11111nata11111 [884]

Answer:

<em>Disparate-impact discrimination</em>

Explanation:

As we can see in the given scenario, that Nell believes that the test has an unintentionally discriminatory effect as he fails in the test taken by the company, so this discriminating act that was made by the Origami Paper Corporation is a <u>disparate-impact discrimination</u>.

<em>Because as we know that if someone is been discriminated unintentionally, then it comes under disparate-impact discrimination.</em>

8 0
3 years ago
Bob's Custom Millwork is a business that provides custom cabinetry and furniture for both businesses and individual consumers. B
raketka [301]

Answer:

The correct answer to the following question is that the marketing strategy used by Bob's custom millwork is pull strategy.

Explanation:

A pull marketing strategy ( also know as pull promotional strategy ) can be defined as that strategy where a company tries to increase the demand of its products and services and and pull (draw) the consumers towards their products. The main objective of this strategy is to make people or consumer want or seek for your particular product. This strategy can be used independently ( on its own ) or this can be used with push marketing strategy. From the given case of Bob's custom millwork it is quite clear that pull marketing strategy is being used here.

5 0
3 years ago
Investments in debt securities acquired principally for the purpose of selling them in the near term are classified as ________
tensa zangetsu [6.8K]

Investments in debt securities acquired principally for the purpose of selling them in the near term are classified as<u> trading</u> securities.

The definition of investment is an asset that is purchased or invested to build wealth and save money from hard-earned income or capital appreciation. The importance of investment is primarily to gain an additional source of income or to make a profit from the investment over a period of time.

Form of investment shares. Knead. Mutual funds and ETFs. bank product. option. Savings for pension, retirement, and education. Your investment allows you to be independent and not depend on other people's money when you need it financially. You can pay enough for your needs and desires in life.

Learn more about Investments here: brainly.com/question/24703884

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8 0
2 years ago
You are working as accounting information system(AIS) expert in H and H, a multinational entity(MNE) for couple of years inSpain
Reika [66]

Answer:

stakeholders for the project, documented goal and objective of the assignment, discuss SMART(specific, measurable, agreed, reaganlistic, timeframe) for the assignment, resources for the assignment, GANTT chart of the assignment, risk assessment for the project.

Explanation:

Before starting any major assignment, one must set its goals and objectives very clearly. A list of milestone and progress measuring report must be prepared so that tracking is easy. Also, all the associated risks must be analyze and catered for

6 0
3 years ago
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