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amid [387]
3 years ago
8

​Amber, Inc. provides the following information for​ 2019: Net income $ 330 comma 000 Market price per share of common stock $ 6

0 per share Dividends paid $ 180 comma 000 Common stock outstanding at Jan.​ 1, 2019 160 comma 000 shares Common stock outstanding at Dec.​ 31, 2019 210 comma 000 shares The company has no preferred stock outstanding. Calculate the earnings per share for 2019.​ (Round your answer to two decimal​ places.)
Business
1 answer:
Levart [38]3 years ago
6 0

Answer:

The earnings per share for 2019 is $1.78

Explanation:

The computation of the earning per share is shown below:

Earning per share = (Net income) ÷ (weighted number of outstanding shares)

where,

Net income = $330,000

Weighted number of outstanding shares = (Beginning balance of common stock + ending balance of common stock) ÷ 2

= (160,000 shares + 210,000 shares) ÷ 2

= 185,000 shares

Now put these values to the above formula  

So, the value would equal to

= $330,000 ÷ 185,000 shares

= $1.78 per share

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Baxter Company reported a net loss of $13,000 for the year ended December 31. During the year, accounts receivable decreased by
stepan [7]

Answer:

a. used net cash of $2,000

Explanation:

The preparation of the Cash Flows from Operating Activities—Indirect Method is shown below:

Cash flow from Operating activities - Indirect method

Net loss -$13,000

Adjustment made:

Add : Depreciation expense $4,000

Add: Decrease in accounts receivable $5,000

Less: Increase in inventory -$8,000

Add: Increase in accounts payable $10,000

Total of Adjustments $11,000

Net Cash flow from Operating activities                   -$2,000

6 0
3 years ago
The slope and position of the long-run aggregate supply curve
malfutka [58]
<span>Suppose the Fed doubles the growth rate of the quantity of money in the economy. In the long run, the increase in money growth will change which of the following? Check all that apply.

__ The price level
__ The inflation rate

Suppose the economy produces real GDP of $50 billion when unemployment is at its natural rate.
(graph goes here)
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__ Shift the long-run aggregate supply curve to the left


Direction of LRAS Curve Shift:
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5 0
3 years ago
Read 2 more answers
Which of the following statements best describes the Sherman Act?A. The Sherman Act established the United States Securities and
aleksandr82 [10.1K]

Answer:

B. The Sherman Act allows the US government to regulate activities that restrain competition and trade

Explanation:

The Sherman Antitrust Act of 1890 was first legislation enacted by US congress. It was brought into force to regulate competition and trade among enterprises. This act prohibits agreement in restraint of trade or interference of power in trade like price fixing, bid rigging, etc.

The Sherman Act did not work for long as it restrict the business merger and people are confused about knowing the motive of the act as it is not designed properly.

8 0
3 years ago
A company’s production budget requires the following units of a single product for the upcoming year: 1st quarter 60,000 units 2
maks197457 [2]

Answer:

165,000 pounds

Explanation:

A Purchase Budget is required to determine the quantities and cost of purchases required for use in production.

Materials Purchase Budget for Second Quarter (Pounds)

Budgeted Production Materials (80,000 x 2)                    160,000

Add Budgeted Closing Materials (90,000 x 2 x 25%)        45,000

Total Materials                                                                     205,000

Less Budgeted Opening Materials (80,000 x 2 x 25%)    (40,000)

Budgeted Material Purchase (pounds)                               165,000

Therefore,

Budgeted purchases of material for the second quarter would be 165,000 pounds

8 0
3 years ago
Wiggins Company has 1,000 shares of $10 par preferred stock, which were issued at par. It also has 25,000 shares of common stock
Ugo [173]

Answer:

Book value par common share will be $19.6

Explanation:

We have given number of preferred stock = 1000

Value of preferred stock = $10 par preferred stock

So preferred Stock = 1000 x $10 = $10000

Total Stockholder's equity = $500000

Thus Common stock value = $500000 - $10000 = $490000

Total number of common stock = 25000 shares

So the book value per common share is = \frac{490000}{25000}=19.6

5 0
3 years ago
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