Answer:
The earning per share is $1.3 per share
Explanation:
For computing the earning per share, we need to apply the formula of Earning per share which is shown below:
Earning per share = (Net income - Dividends paid to preferred shareholders) ÷ average common shares
= ($36,000 - $10,000) ÷ $20,000 shares
= $1.3 per share
The other items which are mentioned in the question are not relevant. Kindly ignored it.
I’d be happy to help but I need to know the options for the drop boxes. :)
Answer:
1.71 household items
Explanation:
In this question, we learn that the family will only consume two goods: outings and household items. The family can either have access to 14 outings or 24 household items. This means that:
opportunity cost of 14 outings = opportunity cost of 24 household items
Therefore,
opportunity cost of 1 outing = 1.71 household items
