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Elan Coil [88]
3 years ago
11

The Fitness Studio, Inc.’s 2018 income statement lists the following income and expenses: EBIT = $776,000, interest expense = $1

50,000, and taxes = $219,100. The firm has no preferred stock outstanding and 100,000 shares of common stock outstanding. Calculate the 2018 earnings per share.
Business
1 answer:
boyakko [2]3 years ago
7 0

Answer:

$4.069 per share

Explanation:

Earning before tax:

= Earning before interest and tax - interest expense

= $776,000 - $150,000

= $626,000

Earnings available for equity shareholders:

= Earning before tax - Taxes

= $626,000 - $219,100

= 406,900

Earnings per share:

= Earnings available for equity shareholders ÷ No. of common stock outstanding

= 406,900 ÷ 100,000

= $4.069 per share

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Prepare a bank reconciliation: ABC Enterprises gathered the following information prior to reconciling their cash balance per bo
lozanna [386]

Answer: ADJUSTED CASH BALANCE PER BOOK as of January 31, 2018 is  A) $7,950

Explanation:

ABC Enterprises reconciled cash balance per books (internal accounting records as of January 31, 2018.

Cash balance as per company book      $7,500

Add:

Notes receivable collected by bank         $1000

Deduct:

NSF check                                                    $500

Bank service charge                                    $50

Adjusted Book Balance                             $7,950

7 0
3 years ago
Christine has obtained a job pitching a product at a local state fair. Her job is to demonstrate cookware, highlighting its feat
alex41 [277]

Answer:

<h2>The answer in this case would be option d) given in the answer choices or It describes all the positive features of your product.</h2>

Explanation:

  • Under Consumer Value Proposition(CVP),one of the features of product or service selling constitutes an all benefit approach which involves providing concerned product or service to the customers or buyers without any comparison with other competitors or rivals in the market.
  • In this case, as Christine provides a comprehensive demonstration of her product usage or utilization to the customers or buyers,it basically reflects providence of relevant product knowledge or information about the product features and characteristics without any direct consideration or reference to the market competitors or rivals.
  • It is one of the common mechanisms under CVP to generate consumer attraction towards any particular product and thereby, enhance sales revenue and future profitability by increasing product sales
8 0
3 years ago
If a bond is trading at a premium, what is the relationship between the bond's coupon rate, current yield and yield to maturity?
Goshia [24]

When a bond is trading at a premium, then the coupon rate is higher than the current yield and the yield to maturity.

<h3>How does a bond trade at premium?</h3>

For a bond to trade at premium, the coupon rate would have to be higher than the yield to maturity and the current yield.

Such a bond would trade at premium because the present value of the bond would be more than the par value thanks to the coupon being larger than the discount rate which is the yield to maturity.

Find out more on the yield to maturity at brainly.com/question/14012047.

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3 0
2 years ago
Bertha purchased 10 shares of BestSnack, Inc. stock for $200 per share; in one year, she sold the 10 shares for $220 a share. Ov
geniusboy [140]

If the tax rate on nominal capital gain is 50%, how much tax does Bertha pay on her gain is: $97.

<h3>Gain</h3>

First step

Bertha's capital gain= ($220 - $200) x 10 shares

Capital gain = $200

Second step

Balance left after government took 50%

Balance left= $200 x (1 - 0.50)

Balance left= $100

Third step

Gain=$100 x (1 - 0.03)

Gain=$97

Therefore If the tax rate on nominal capital gain is 50%, how much tax does Bertha pay on her gain is: $97.

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5 0
2 years ago
Renee, a project manager, is responsible for developing a project plan for her new project. To do so, she needs to consider all
Serggg [28]

Answer:

A) FMEA

Explanation:

the project is moced developing the make list

7 0
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