To ensure that her company is being socially responsible, Vivian should ensure that the cars are environmentally friendly. Being socially responsible means you do what is best for planet, people, and profits. In this case, taking care of the planet means choosing the car that is the most environmentally friendly.
Answer:
$1.35 per share
Explanation:
Note: See the attached excel file for the calculation of the weighted shares outstanding.
The earnings per share can be computed as follows:
Weighted shares outstanding = 1,702,000 shares
Preferred stock dividend = 48,000 * $100 * 8% = $384,000
Net income = $2,680,000
Net income after preferred stock dividend = $2,680,000 - $384,000 = $2,296,000
Earnings per share = Net income after preferred stock dividend / Weighted shares outstanding = $2,296,000 / 1,702,000 = $1.35 per share
Answer:
24.3 days
Explanation:
Calculation for How long, on average, does it take the firm to collect on its sales
Using this formula
Average collection period = (Accounts receivable / Credit sales) * 365 days
Let plug in the formula
Average collection period =$30 million/$450 million *365 days
Average collection period =24.3 days
Therefore How long, on average, does it take the firm to collect on its sales is 24.3 days
D) Which is Defaulting on a loan!
