1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
fgiga [73]
3 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]3 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

You might be interested in
Saint John Industries uses the percentage of credit sales method to estimate Bad Debt Expense. The company reported net credit s
photoshop1234 [79]

Answer:

$33,500

Explanation:

Relevant data provided

Total Credit Sales = $670,000

Percentage of bad debts = 5%

The computation of Bad Debt Expense is shown below:-

Bad Debt Expense = Total Credit Sales × Percentage of bad debts

= $670,000 × 5%

= $33,500

Therefore for computing the bad debt expenses we simply multiply the total credit sales with percentage of bad debts.

5 0
3 years ago
On March 15, American Eagle declares a quarterly cash dividend of $0.105 per share payable on April 13 to all stockholders of re
rodikova [14]

Answer:

March 15                 Debit                Credit

Dividends                $22,470,000

Dividends Payable                         $22,470,000

March 30     No entry

April 13

Dividends Payable   $22,470,000

Cash                                                 $22,470,000

Explanation:

In order to record American Eagle's declaration and payment of cash dividends for its 214 million shares first we would require to calculate the dividends as follows:

Dividends=214,000,000 shares*$0.105

Dividends=$22,470,000

Therefore, the journal entries would be the following:

March 15                 Debit                Credit

Dividends                $22,470,000

Dividends Payable                         $22,470,000

March 30     No entry

April 13

Dividends Payable   $22,470,000

Cash                                                 $22,470,000

7 0
3 years ago
What was the initial problem in this case?
salantis [7]

Answer:

The initial problem of this question is you left out a bunch of context of what you are asking about.

Explanation:

learn how to use this website please.

8 0
3 years ago
The settlement option that provides for ongoing payments for a period of time is called
Aneli [31]

The settlement option that provides for ongoing payments for a period of time is called annuity. The annuity is a type of insurance contract in which they provide an individual an annual income for a long period of time such as an example of this is a pension.

7 0
3 years ago
Ocean House must use various metrics to measure the benefits of its human capital in order to determine the effectiveness of its
Anettt [7]

Answer:

a.  Human capital return on investment

Explanation:

Human capital return on investment  -

It helps to determine the profit return of the company or organisation on the per unit expenditure on the employees , is referred to as the Human capital return on investment  .

It is basically the interconnection between the profit of the company and the cost on the workforce .

hence , from the given scenario of the question,

The correct option is a.  Human capital return on investment  .

5 0
3 years ago
Other questions:
  • When managing the promotion mix, marketers are utilizing technology to deliver important information directly to the customer. f
    8·1 answer
  • National Bank quotes the following for the British pound and the New Zealand dollar: Quoted Bid Price Quoted Ask Price Value of
    9·1 answer
  • Which of the following is not part of manufacturing overhead for producing a​ computer? A. Manufacturing plant property taxes B.
    11·1 answer
  • A company’s activities for Year 2 included the following: Gross sales $3,600,000 Cost of goods sold 1,200,000 Selling and admini
    7·1 answer
  • Stockholders' equity:________A. Is equal to assets minus liabilities B. Represents the interest of the owners in the assets of a
    15·1 answer
  • Osawa, Inc., planned and actually manufactured 200,000 units of its single product in 2017, its first year of operation. Variabl
    7·1 answer
  • An important problem facing the Fed is that Group of answer choices it lost effective control over the monetary base. the goals
    5·1 answer
  • Tax laws permit installment sales, which are recognized in the year of sale for financial reporting purposes, to be reported in
    14·1 answer
  • Organizations that rely on a few major customers may organize their people and resources by client. This is an example of ______
    7·1 answer
  • Q: In about 200 words, write an essay analyzing the STEEPLE Module .
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!