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borishaifa [10]

3 years ago

14

Neue Inc reports net income of $500,000; during the year, the company declared $100,000 in preferred stock dividends and had an

average of 250,000 shares of common stock outstanding. Earning per share rounded to the nearest cent will be:

1 answer:

Nataly [62]3 years ago

3 0

Answer:

1.60

Explanation:

($500,000 - $100,000)/250,000

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Leslie Printing has net income of $26,310 for the year. At the beginning of the year, the firm had common stock of $55,000, paid

BARSIC [14]

Answer:

The amount of the net new equity raised during the year is $34,000.

Explanation:

Net new equity = total equity - common stock - paid-in surplus - (retained earnings + net income - paid dividends)

= $142,430 - $55,000 - $11,200 - ($48,420 + $26,310 - $32,500)

= $34,000

Therefore, the amount of the net new equity raised during the year is $34,000.

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A travel company sells tours in Costa Rica on its website. Instead of designing the website themselves, the company hired an out

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This would be considered a collaborative partnership since they got help from another software team

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What are the three components of a basic accounting equation? Should a basic accounting formula balance at all times ? If yes ex

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The formula is: Assets = Liabilities + Shareholders' Equity. The three components of the basic accounting formula are: Assets. These are the tangible and intangible assets of a business, such as cash, accounts receivable, inventory, and fixed assets

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3 years ago

December 31, Year 1, the Loudoun Corporation estimated that 3% of its credit sales of $112,500 would be uncollectible. Loudoun u

allochka39001 [22]

Answer:

A. NA = NA + NA NA -NA = NA NA NA

Explanation:

As Year 2 the customer paid Loudoun the $1,050,which was written off On April 4, Year 1.

Therefore, the following journal entries to record the transaction.

Accounts receivable debit $1,050

Allowance for doubtful accounts credit $1,050

To record reinstatement of accounts receivable.

Cash debit $1,050

Accounts receivable credit $1,050

As one asset account is increase and another asset account is decreased.

7 0

3 years ago

The brandenburg family makes $7,000 per month. About $1,800 goes toward taxes and savings. They spend $5,200 on goods and servic

Debora [2.8K]

The money goes toward marketing activities is $2,600

What is the composition of the family spending monthly?

The family's monthly expenditure is made up of taxes and savings, goods and services and the balance is to be spent on marketing activities.

In other words, the amount that goes towards marketing activities is the excess of the family take-home monthly over the amounts spent on taxes and savings and goods and services respectively.

Total earnings monthly=$7000

sum of goods and services and taxes and savings=$1800+$5,200

sum of goods and services and taxes and savings=$7,000

spend on marketing activities=$7000-$7000

spend on marketing activities=$0

However, the principle is that the family should be able slash the amount spent on goods and services by half in order to make money available for marketing activities, hence the amount for marketing is $2,600($5,200*1/2)

Find out more about family expenditure on:brainly.com/question/5502247

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2 years ago