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leonid [27]
3 years ago
13

BR Trucking has total sales of $911,300, a total asset turnover of 1.1, and a profit margin of 5.87 percent. Currently, the firm

has 18,500 shares outstanding. What are the earnings per share?
Business
1 answer:
notsponge [240]3 years ago
3 0

Answer:

$2.89

Explanation:

The formula and the computation of the earning per share is shown below:

Earning per share = (Net income - preference dividend) ÷ (Number of shares)

where,

Net income is

= $911,300 × 5.87%

= $53,493.31

And, the preference dividend is $0

and, the outstanding number of shares is 18,500

So earning per share is

= $53,493.31 ÷ 18,500 shares

= $2.89

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How many days will it take for $1500 to earn $16 interest if it is deposited in a bank paying simple interest at the rate of 4%/
JulsSmile [24]

Answer:

97 days

Explanation:

In simple interest method, the interest is calculated by the following formula

I= P x R x T

I= interest

P = principal amount

R =interest rate

T= Time

In this case

I=$16

P=$1500$

R= 4% or 0.04%

T= time

$16= $1500 x 0.04 x Time

$16 =60 x Time

Time = 16/60

time = 0.2666 year.

time in days =  0.26666 x 365 days

=97.333 days

=97 days

8 0
3 years ago
_________ is the managerial process of creating and maintaining a fit between an organization's objectives and resources and the
insens350 [35]

Answer:

Strategic planning

Explanation:

6 0
2 years ago
On January 1, Gucci Brothers Inc. started the year with a $705,000 balance in Retained Earnings and a $608,000 balance in common
gtnhenbr [62]

Answer:

Stockholder Equity= $1,414,400

Explanation:

Stockholder Equity is the owners contribution to a business and it is made up of retained earnings and stock.

Stockholder Equity = Common stock + Retained Earnings

Let's track changes in common stock

Common stock= Starting balance + New stocks issued

Common stock= 608,000 + 22,500

Common stock= $630,500

Changes in retained earnings

Retained earnings= Starting balance + Income earned - Dividend paid out

Retained earnings= 705,000 + 93,000- 14,100

Retained earnings= $783,900

Therefore

Stockholder Equity= 630,500+ 783,900

Stockholder Equity= $1,414,400

7 0
3 years ago
In preparing a company's statement of cash flows for the most recent year, the following information is available:
Butoxors [25]

Answer:

- $ 138,000

Explanation:

The investment activities includes the transaction done on purchasing the equipment and selling the land.

Thus, for the given question

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Purchase of Land = - $ 119,000

here, the negative sign depicts the amount is paid

thus, the net cash flow from the investment activities

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or

the net cash flow from the investment activities = - $ 138,000

3 0
3 years ago
Read 2 more answers
When the ABC Corporation first opened their doors for business, they had no idea how much to allocate to promotional expenditure
mafiozo [28]

Answer:

Competitive parity

Explanation:

8 0
3 years ago
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