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Naddika [18.5K]
3 years ago
14

During 2016, Moore Corp. had the following two classes of stock issued and outstanding for the entire year: 100,000 shares of co

mmon stock, $1 par. 1,000 shares of 4% preferred stock, $100 par, convertible share for share into common stock. Moore's 2016 net income was $900,000, and its income tax rate for the year was 30%. In the computation of diluted earnings per share for 2016, the amount to be used in the numerator is
Business
1 answer:
iVinArrow [24]3 years ago
6 0

Answer:

the amount to be used in the numerator is $900,000.

Explanation:

Earnings Per Share = Earnings Attributable to Holders of Common Shares ÷ Weighted Average Number of Common Shares Outstanding.

Diluted Earnings per Share takes into account potential voting rights.

The Preference dividend is <em>not</em> deducted from Net Income as it carries a potential voting right.

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The owner of a ______ possesses the same interest as the owner of a fee simple absolute, except that this interest is subject to
KonstantinChe [14]

Answer:

Conditional Fee Estate

Explanation:

Based on the information provided within the question the term being described in the question is called a Conditional Fee Estate. This is (like mentioned in the question) similar to a fee simple except the property must eventually be passed on to the heirs. Which is why it is named as Conditional, because failure to do so will eventually cause the termination of the interest.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

3 0
3 years ago
Altogether the national, state, and local governments of the United States spend about a __________ of our gross domestic produc
stealth61 [152]

Answer:

According to the OECD the total expenditure of the US government, including state and local is about a 38% of the GDP.

Explanation:

The federal government expends almost the 55% of the total and the remaining 45% the state and local government.

5 0
3 years ago
Discuss three factors a company must consider when attempting to find an endorser for their products
Arte-miy333 [17]

Answer:- three factors a company must consider when attempting to find an endorser for their products is the endorsers reputation, popularity, health, and minimal injury history.

Explanation:

Hope I helped you

6 0
2 years ago
The dividend policy of Berkshire Gardens Inc. can be represented by a gradual adjustment to a target dividend payout ratio. Last
emmasim [6.3K]

Answer:

$1

Explanation:

The computation of the dividend per share is shown below:

Given that

Earning per share for this year =4

Target Payout Ratio = 25%

Paid dividend per share = $0.60 per share

Based on the above information, the dividend per share is

= Earning per share  × Payout Ratio

= 4 × 25%

= 1

Therefore, Dividend per share is 1

We simply multiplied the earning per share with the payout ratio so that the dividend per share could come

5 0
3 years ago
Providing incentives for customers to learn more about your service is known as
Yakvenalex [24]
I Think The answer is b I hope it helps My friend Message Me if I’m wrong and I’ll change My answer and fix it for you
6 0
3 years ago
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