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4 years ago

Determine earnings per share for Sixer Company given the following:

Business

1 answer:

vodomira [7]4 years ago

5 0

Answer: D) $1.42

Explanation:

Earnings per share is calculated as the amount available to common shareholders divided by the number of common shares.

Income available to shareholders = After tax income - Preferred dividends

Income before taxes = $300,000

After tax income = 300,000 * ( 1 - 35%)

= $195,000

Preferred dividend = 10,000 * 3% * 60

= $18,000

Income available to shareholders = 195,000 - 18,000

= $177,000

Earnings per share = Income available to shareholders / Common shares

= 177,000/125,000

= 1.416

= $1.42

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The entry to record the amortization of a premium on bonds payable on an interest payment date would Group of answer choices a d

Afina-wow [57]

Answer:

a debit to interest expense and premium on bonds payable and a credit to cash

Explanation:

Based on the information given The Appropriate journal entry to record the AMORTIZATION OF A PREMIUM ON BONDS PAYABLE ON AN INTEREST PAYMENT DATE will include: a DEBIT TO INTEREST EXPENSE and PREMIUM ON BONDS PAYABLE and a CREDIT TO CASH

Debit Interest expense

Debit Premium on bonds payable

Credit cash

(To record the amortization of premium on bonds payable on an interest payment date)

3 0

3 years ago

The owners' equity for The Deer Store was $58,900 at the beginning of the year. During the year, the company had aftertax income

tankabanditka [31]

Answer:

The owner's equity at the end of the year results to $64,400

Explanation:

We are able to calculate this through simple addition and subtraction

First we must view how much was payed through tax

t = 4,200 - 3,200 = 1,000

58,900 - 1,000 = 57,900

Than, due to the repurchase of $6,500 of stock, we must include this within our final equation

57,900 + 6,500 = 64,400

Hope this helps

7 0

3 years ago

A series of monthly cash flows is deposited into an account that earns 12% nominal interest compounded monthly. Each monthly dep

nirvana33 [79]

Answer:

The amount left in the account after last withdrawal is $61,945

Explanation:

The first monthly deposit occurred on June 1, 2008 and the last monthly deposit will be on January 1, 2015 = 80 deposit

Monthly deposit = 2,100

Interest rate = 12% / 1% per month

Firstly, we calculate the future worth of the monthly deposit

FW = A(F/A, i, n)

A = 2,100, i = 1%, n= 80

FW = $2100*[(1+0.01)^80 - 1 / 0.01]

FW = $2100*[2.216715 - 1 / 0.01]

FW = $2100*(121.671)

FW = $255,509.10

We calculate the effective interest rate

i(effective) = (1 + i nominal monthly interest rate)^n - 1

i `%, n = 3(no of months in quarter)

i (effective) = (1+0.01)^3 - 1

i (effective) = (1.01)^3 - 1

i (effective) = 1.030301 - 1

i (effective) = 0.030301

i (effective) = 3.0301%

The effective quarterly interest rate is 3.0301%

We calculate the future worth of the quarterly drawings

FW = A[(1+i)^n - 1 / i]

A = 5,000(drawing), i = 3.0301%, n = 26(number of drawings)

FW = 5,000*[(1+0.030301)^26 - 1 / 0.030301]

FW = 5,000*[2.17303717 - 1 / 0.030301]

FW = 5,000*(38.71282)

FW = $193,564.10

The future worth of the quarterly withdrawal is $193,564.10

We calculate the amount left in the account after last withdrawal

Amount left in account = FW(monthly deposits) - FW(quarterly drawings)

Amount left in account = $255,509.10 - $193,564.10

Amount left in account = $61,945

Thus, the amount left in the account after last withdrawal is $61,945

6 0

3 years ago

Assume there are currently five firms producing and selling computer chips in the European market. Also assume that the product

irina1246 [14]

Answer: C. Increase

Explanation:

An oligopoly is a market structure in which a few firms dominate. When a market is shared between a few firms, it is said to be highly concentrated. Although only a few firms dominate, it is possible that many small firms may also operate in the market.

Where few firms dominate the equilibrium price will increase because the demand will be high, and this will make the equilibrium price increase.

3 0

4 years ago

Read 2 more answers

following organizations provides CI functional services and analysis in support of international arms control agreements

aivan3 [116]

Director, National security agency chief, central security service DIRNSA/CHCSS provides CI functional services and analysis in support of international arms control agreements.

<h3>What does Director, National security agency chief, central security service DIRNSA/CHCSS do?</h3>

The highest senior member of the National Security Agency, a defense organization under the Department of Defense of the United States, is the director (DIRNSA). The chief of the Central Security Service (CHCSS) and commander of U.S. Cyber Command are both simultaneously held by the NSA director (USCYBERCOM). The officeholder reports to the under secretary of defense for intelligence as the director of the NSA and as the head of the CSC, and as the commander of U.S. Cyber Command, directly to the secretary of defense.

To learn more about NSA visit:

brainly.com/question/14611914

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4 0

2 years ago