1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Nimfa-mama [501]
3 years ago
15

At December 31, 2012 and 2011, Miley Corp. had 180,000 shares of common stock and 12,000 shares of 6%, $100 par value cumulative

preferred stock outstanding. No dividends were declared on either the preferred or common stock in 2012 or 2011. Net income for 20x2 was $450,000. For 2012, earnings per common share amounted to?
Business
1 answer:
Nuetrik [128]3 years ago
7 0

Answer:

$2.5 per share

Explanation:

Earning Per share is the amount of earning for the period that allocated to each share. Normally it is calculated using common shares. The earning used in this calculation is purely the earning that is associated with the shareholders of the company. We can have this earning after deducting all the expenses and preferred dividend as well.

Formula:

Earnings per share = Net Income / Numbers of common Shares

Earnings per share = $450,000 / 180,000

Earnings per share = $2.5 per share

You might be interested in
When analyzing financial statements it is important to recognize that accounting distortions can arise. Accounting distortions a
Lunna [17]

Answer:

The correct answer is B. arise often through application of (correct) accounting principles .

Explanation:

Accounting analysis is an important precondition for an effective financial analysis. This is because the quality of the financial analysis, and the inferences made, depends on the quality of the implicit accounting information, the raw material for the analysis. Even though the accounting according to the accumulation principle allows to perceive the financial performance and condition of a company, which is not possible in the case of cash-based accounting, the imperfections of the company can distort the economic content of the financial reports.

5 0
3 years ago
Riverside Manufacturing designs and manufactures bathtubs for home and commercial applications. Riverside recorded the following
Gnoma [55]

Answer:

Explanation:

Variable MOH rate variance = Actual Hours × (Actual Rate - Standard Rate)

= 4050 × ($7.50 - $4.50)

= 12150

4 0
3 years ago
You plan to retire in 30 years and you are investing $250 per month in the BMO Large-Cap Growth mutual fund. The fund has an ave
mr Goodwill [35]

Accumulated Balance is given by :

A=P\dfrac{(1+i)^n-1}{i}\times (1+i)

Here,

n = time period = 30×12 = 360.

i=\dfrac{13.45}{100}\times \dfrac{1}{12}=0.0112

P = principal price = $250.

Putting all given values in above equation, we get :

A=250\times \dfrac{(1+0.0112)^{360}-1}{0.0112}\times (1+0.0112)\\\\A=\$1221659.48

Hence, this is the required solution.

6 0
3 years ago
At​ ch2m hill, dan​ anderson, planning project​ manager, suggests that in a flat structure like​ theirs, at times project manage
belka [17]
The style of leadership that most directly aligned with this behavior is SUPPORTIVE.
A supportive leadership style is one which seeks to reduce the employees' stress and frustration at the work place by motivating them. This style is especially effective, if the type of work that the employees are undertaking is stressful, dangerous and tasking. 
4 0
3 years ago
Upon review of the effectiveness of a strategic business decision using evidence-based analytics, business leaders may reverse c
zalisa [80]

Answer: c. The new system contained assumptions that did not consider critical factors such as changes in time zones, travel time across hemispheres, and pilot flying hours

Explanation:

Upon review of the effectiveness of a strategic business decision using evidence-based analytics, business leaders may reverse course.

The factor that led to the reversal of the new scheduling system is that the new system contained assumptions that did not consider critical factors such as changes in time zones, travel time across hemispheres, and pilot flying hours.

8 0
3 years ago
Other questions:
  • 1. When there is automation, product diversity, and little correlation between overhead cost and direct labor, a plantwide overh
    10·1 answer
  • Net income equals: Question 2 options: Cash receipts minus cash payments. Assets minus liabilities. Revenues minus cost of goods
    14·1 answer
  • What was the average maturity level (with a high of 5) reported by survey participants for high performing organizations and low
    10·1 answer
  • What are the 3 qualifications of a product
    15·1 answer
  • Broom Corporation transfers assets with an adjusted basis of​ $300,000 and an FMV of​ $400,000 to Docker Corporation in exchange
    11·2 answers
  • XYZ Co. decided to create a petty cash fund. They estimated that $100 would be needed in the fund. Demonstrate the correct journ
    14·1 answer
  • From 1990 to 2000, calculate the percentage change in Instructions: Enter your responses rounded to one decimal place. If you ar
    14·1 answer
  • Higher fixed costs are associated with:_____.
    14·1 answer
  • g The situation in which a firm is able to charge the maximum price consumers are willing to pay for each unit of output the fir
    14·1 answer
  • What is another term for the buying and selling of stocks?
    14·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!