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
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

You might be interested in
Brokerage firms make their profits primarily in which of the following ways? A) Consumer deposits. B) Government deposits. C) Di
Anastasy [175]
Brokerage firms make their profits primarily in : D. Fees commissions on sales or transfers

to put it simply, A brokerage firm is a financial institution that facilitates the selling process of stock/securities between the buyer and the seller. From each transaction that happen, a brokerage firm will receive a commission from its client.

hope this helps
5 0
3 years ago
Read 2 more answers
Etxuck327 Inc. sells a particular textbook for $39. Variable expenses are $28 per book. At the current volume of 49,000 books so
Westkost [7]

Answer:

539,000.00  

Explanation:

As per the contribution margin analysis concept, the break-even point is obtained by dividing fixed cost by contribution margin per unit.

For Etuck327,

The selling price is $39

Variable expense is $28

Break-even in units is 49,000 books.

Contribution margin per unit = selling price - variable costs

=$39- $28

=$11

if Break-even = fixed cost/ contribution margin per unit, then

49,000= fixed cost / 11

fixed costs = 11 x 49000

Fixed costs = 539,000.00    

                   

5 0
3 years ago
After you open your new business is not the best time to
Alexxandr [17]

C. Conduct a research on your product.

You should have already done the research by this stage

6 0
3 years ago
Read 2 more answers
The pharmaceutical company Merck's new drug Vioxx was a blockbuster, generating revenues of $2.5 billion a year by 2002 and grow
marissa [1.9K]

Merck provides an example of what can happen if a company deviates from its : Core values

<h3>What are core values?</h3>

The core values of an organization are those values we hold, which form the foundation on which we perform work and conduct ourselves.

The core value of a company are those enduring principles that govern it's fundamental conduct towards attainment of it's goals. It is usually a passionate pledge on the principles that the organization stands for.

Hence, Merck provides an example of what can happen if a company deviates from its core values.

Learn more about core values here : brainly.com/question/14595106

6 0
3 years ago
Suppose the marginal cost of the 1st hour of talking on the phone is $50, the marginal cost of the 2nd hour is $75, and the marg
Nutka1998 [239]

Answer:

$230

Explanation:

Data given in the question

Marginal cost of the first hour = $50

Marginal cost of the second hour = $75

Marginal cost of the third hour = $105

So by considering the above information, the total cost is

= Marginal cost of the first hour + Marginal cost of the second hour + Marginal cost of the third hour

= $50 + $75 + $105

= $230

We simply added the marginal cost of all three hours in order to determine the total cost

5 0
3 years ago
Other questions:
  • Good cash management is an essential job of the financial manager. You own a small auto sales business called King Kars. You sto
    6·2 answers
  • Goals that someone else sets for you are more motivational than goals you set for yourself.​ question 1 options:
    13·1 answer
  • Johnson Inc. purchases 21% of the voting stock of XYZ Company. This is sufficient to give Johnson significant influence over XYZ
    14·1 answer
  • Memmie: The greater the population near a restaurant, the more potential customers it has and the greater chance its popularity
    10·2 answers
  • Economists say that individuals make decisions at the margin. What does its menas?
    7·1 answer
  • Evaluate a. "If banks increase their excess reserves, the monetary base will increase. If the monetary base increases, the money
    14·1 answer
  • What is the purpose of a continuing resolution?
    12·1 answer
  • Margaret sells hand-knit scarves at a flea market. Each scarf sells for $25. Margaret pays $30 to rent a vending space for one d
    14·1 answer
  • People who are part of the project team need to understand project management because they Multiple Choice Need to understand th
    7·1 answer
  • With iOS, its particularly important for an app to minimize the persistent storage placed in the app's home directory. This is b
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!