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Studentka2010 [4]
3 years ago
5

At December 31, 2020 Rice Company had 300000 shares of common stock and 10000 shares of 6%, $100 par value cumulative preferred

stock outstanding. No dividends were declared on either the preferred or common stock in 2020 or 2021. On January 30, 2022, prior to the issuance of its financial statements for the year ended December 31, 2021, Rice declared a 100% stock dividend on its common stock. Net income for 2021 was $1140000. In its 2021 financial statements, Rice's 2021 earnings per common share should be
Business
1 answer:
hodyreva [135]3 years ago
4 0

Answer:

$1.80 per share

Explanation:

The computation of the earning per share is shown below:

Earning per share = (Net income - preference dividend) ÷ (weightage number of outstanding shares)

where,

Net income is = $1,140,000

Preference dividend is

= 10,000 × $100 × 6%

= $60,000

Weighted number of shares is

= 300,000 shares + 300,000 shares as 100% stock dividend is declared

= 600,000 shares

So the earning per share is

= ($1,140,000 - $60,000) ÷ (600,000 shares)

= $1.80 per share

We simply applied the above formula

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Why is cash flow important to government entities? How does an administrator plan for cash flow? What tools are available for th
vodka [1.7K]

Answer:

Cash flow is important to government entities because:

As with non-government entities, cash flow is important to government organizations because it is required for the operations of any organization regardless of whether they are government-owned or not, for-profit or not.

The measurable difference in the cash balance of any organization from one period to the next is referred to as Cashflow. No business or entity can continue operations if they keep taking out or spending more cash than they can make.

An administrator can plan for cash flow using a Cash Flow Planner.

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Cheers!

6 0
4 years ago
When the economy took a downturn and jobs were difficult to find, many people blamed immigrants. What would be a good explanatio
ioda

Realistic conflict theory would be a good explanation for rising prejudice in this situation.

<h3>What do you mean by Realistic conflict theory ?</h3>

According to the realistic conflict theory, wherever there are two or more groups vying for the same few resources, there will be conflict, false preconceptions and ideas, and prejudice towards the various groups.

Just the perception of competition will foster hostile emotions and discriminating behavior in one group. For instance, whether or not it is accurate, ethnic group A will feel resentment and hatred if it perceives that members of ethnic group B are a threat to them by "taking employment."

Learn more about realistic conflict theory here

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4 0
2 years ago
What can you expect when you ask clients for testimonials?
Bogdan [553]
Most clients rather than write out a testimonial are more willing to approve a testimonial that you've written as it saves time for them and improves their relationship with you.
5 0
4 years ago
Parker Corp., which operates on a calendar year, expects to sell 3,000 units in October, and expects sales to increase 10% each
pogonyaev

Answer:

total revenue = is 99300

Explanation:

given data

expects to sell in October = 3,000 units

expects sales to increase  = 10%

Sales price stay constant = $10 per unit

solution

we get revenue hereby the sum of revenue of oct + nov + dec

revenue = price × quantity    .........................1

total revenue = is 99300

8 0
3 years ago
Risk management refers to the practice of identifying potential risks in advance, analyzing them and taking precautionary steps
allsm [11]

Answer:

True

Explanation:

Risk management is the practice of identification of number of risks that the organization faces and then assessing each of them. After assessment of the risks, the organization try to find ways to eliminate or reduce each single risk so that the business operations do not get affected. The precautionary measures can be simply avoid the risk, face the risk, share the risk (Insurance) and reduce the risk to acceptable level.

8 0
3 years ago
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