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fgiga [73]
4 years ago
13

Calculation of EPS and retained earnings Everdeen Mining​, ​Inc., ended 2019 with net profits before taxes of $ 436 comma 000. T

he company is subject to a 21 % tax rate and must pay $ 64 comma 000 in preferred stock dividends before distributing any earnings on the 170 comma 000 shares of common stock currently outstanding. a. Calculate​ Everdeen's 2019 earnings per share​ (EPS). b. If the firm paid common stock dividends of $ 0.80 per​ share, how many dollars would go to retained​ earnings?
Business
1 answer:
ryzh [129]4 years ago
8 0

Answer:

A)  $ 1,65 are the 2019 EPS

B) $ 144.4400 go to retained earning after paid dividens of 0,80 per share.

Please see details below:

Explanation:

Net Income BEFORE Taxes  $436.000  

Tax RATE 21%  -$91.560  

Net Income after Taxes  $344.440  

Preferred Stock  -$64.000

Subtotal $ 280.440    >> 280.440/170.000= $1,65 2019 EPS

Dividends $0,80/Shares: 170.000*0,8= $136.000

Subtotal $ 144.440 >> Retained Earnings

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Jobisdone [24]

Answer:

The correct answer is letter "B": importer.

Explanation:

Importing implies the act of buying goods from foreign countries to use them or resell them domestically. Imports take place when those goods are typically rare or scarce in the country where the goods are going to be used. Most imports include <em>technological products, raw materials, </em>and <em>clothing</em>.

4 0
3 years ago
A disadvantage of the free cash flow valuation method is A. The free cash flow method is not used widely in practice. B. The ter
SSSSS [86.1K]

The main disadvantage of the valuation method is that the terminal value tends to dominate the total value in many cases.

In a free cash flow valuation, the intrinsic value equals present value of its free cash flow and thus, the net cash flow is left over for distribution to stockholders and debt-holders in each period.

  • So, the disadvantage of the free cash flow valuation method is that the terminal value tends to dominate the total value in many cases.

Hence, the Option B is correct.

Read more about this here

<em>brainly.com/question/22593826</em>

7 0
3 years ago
Barter requires that you know the market value of all the goods and services that you want and have to offer. are a member of an
inn [45]

Answer: the goods and services that money can buy.

Explanation: this phrase simply means we only want money so we can spend it on other goods/services. Examples of such goods and services are

1. Cars

2. Electronics ( Television s)

3. Foods e.t.c

This begs the question what is money: money is a medium or means of exchange, money can be banknotes or coins.

8 0
3 years ago
Read 2 more answers
A mutual fund sponsor wants to hold a sales contest to promote sales during the typically slow month of January. The terms of th
Valentin [98]

Answer: Under FINRA rules, this is an example of<em><u> non-cash compensation and is prohibited.</u></em>

FINRA forbids enrolled individuals from accepting a acquisition in the sum of more than $100, and also forbids representatives from accepting "non-cash compensation".

The mutual fund sponsor is not the employer of the registered representative - the representative is an employee of the broker-dealer who is in the mutual fund selling group. The benefactor is not permitted to hold such contest - only the employing organizations can hold such contest, provided that it cannot favor the sale of one fund over another. This is an example of "non-cash compensation" under FINRA rules and is prohibited.

3 0
3 years ago
ovar Inc., a U.S. multinational, began operations this year. Jovar had pretax U.S. source income and foreign source income as fo
Lyrx [107]

Answer:

$204,000

Explanation:

Computation of Jovar's U.S. tax liability

First step isnto determine the U.S precredit tax.

34%×$700,000

=$238,000

U.S Precredit tax = $238,000

Second step is to calculate the foreign tax credit.

Therefore the Credit is limited to:

$238,000 * 100/700

= $34,000.

Hence:

$238,000-$34,000

=$204,000

Therefore Jovar's U.S. tax liability if it takes the foreign tax credit will be $204,000

3 0
4 years ago
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