Answer:
Yeah
Explanation:
Thats fine let me answer them.
Answer:
EPS is $2.9 per share
Diluted EPS is $1.54 per share
Explanation:
Basic Earning per share is calculated dividing Earning for the year excluding preferred dividend by weighted average number of shares.
Basic EPS = (Net Income - Preferred dividends) / Weighted Average numbers of share
Basic EPS = ($2,152,000 - $180,000) / 680,000 = $2.9 per share
Diluted earning per share is calculated by adjusting all the convertible share options or securities in the outstanding share.
Diluted EPS = (Net Income - Preferred dividends) / Diluted numbers of share
Diluted EPS = ($2,152,000 - $180,000) / ( 680,000 + 600,000 )
Diluted EPS = $1.54 per share
Answer:
$1,050
Explanation:
Given that,
Airfare = $560
Taxis = $40
Meals = $100
Lodging = $350
All the expenses incurred during a business trip to New York are deductible.
Therefore, the amount of expenses deducted is calculated as follows:
= Airfare + Taxis + Meals + Lodging
= $560 + $40 + $100 + $350
= $1,050
Hence, Barry may deduct $1,050 as travel expenses for the trip.
