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ASHA 777 [7]
4 years ago
14

Elite Trailer Parks has an operating profit of $307,000. Interest expense for the year was $32,000; preferred dividends paid wer

e $31,600; and common dividends paid were $41,800. The tax was $65,100. The firm has 21,400 shares of common stock outstanding. Required:a. Calculate the earnings per share and the common dividends per share for Elite Trailer Parks.b. Wnat was the Increase in retained eings for the year?
Business
1 answer:
ollegr [7]4 years ago
7 0

Answer:

a. $8.33

$1.95

b.$136,500

Explanation:

The computation of earnings per share and the common dividends per share is shown below:-

a. Earning per share = Earnings Available to Common Stockholders ÷ Number of Shares of Common Stock Outstanding

= $178,300 ÷ 21,400

= $8.33

Dividends per Share = $41,800 ÷ 21,400

= $1.95

b. Increase in retained earnings = Operating Profit (EBIT) - Interest expense - Taxes - Preferred dividends - Common dividends

= $307,000 - $32,000 - $65,100 + $31,600 + $41,800

= $136,500

We simply applied the above formulas

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Joe was tired of working for other people. He had an idea to start his own ice cream business and wanted to set it up where he a
d1i1m1o1n [39]

Answer:

Authority - Responsibility Balance & Incentive Development.

Explanation:

Authority refers to the power to command, give orders to somebody. And enjoying the position of having right to get it obeyed.

Responsibility refers to being in a position of accountability, answerability for an allocated task or job & its performance.

For Eg : A manager  given responsibility to complete a task of production targets achievement, is also given authority to command the entire staff at the production site.

Joe had problem while working for someone else that :- he had responsibility to complete employers allocated task, but may be not given enough authority to do so, thats why he felt he is being 'commanded by, working for' someone else. Also, he doesn't owe the rewards of his acts, so lacks incentive.

Being an entrepreneur will entitle him with managerial responsibilities, but at the same time will also give him higher authority to take his own independent decisions. And, he is himself responsible for his acts, will bear losses or enjoy profits for himself. So, it also incentivises him to work for himself.

8 0
3 years ago
West Corp. issued 10-year bonds two years ago at a coupon rate of 8.1 percent. The bonds make semiannual payments. If these bond
umka21 [38]

Answer:

7.82%

Explanation:

Given the following :

Par value = 102%

Coupon rate = 8.1%

Period (n) = 10 years

Yield to maturity (YTM) =?

with a face value (F) of $1000

The current price (P) of bond will be:

102% * $1000 = (1.02 * $1000) = $1020

Annual coupon payment = $1000 * 8.1% = $1000 * 0.081 = $81

The YTM formula is given by:

YTM = [ C +( F - P) / n] / [(F + P) / 2)]

YTM= [(81 + (1000 - 1020) / 10] / [(1000 + 1020)/2)]

YTM = [(81 +(-20/10)] / (2020/2)

YTM = [(81 - 2) / 1010]

YTM = 79 / 1010

YTM = 0.078217

YTM =0.078217 * 100

YTM = 7.82%

4 0
3 years ago
When the production of a good generates external costs, a firm’s private supply curve will be:a. to the right of the social supp
Anni [7]

Answer:

Letter a is correct. <u>To the right of the social supply curve.</u>

Explanation:

In this situation, we can say that the correct alternative is that the company's supply curve will be to the right of the social supply curve. For when there is an external cost of producing a good, it means that there is a cost committed by third parties, that is, this cost has no direct relation to the production process of the good, but it can be said that the production of the organization goes beyond ideal social level of production, which causes an externality, as there are consequences for third parties on a decision which they did not participate in.

3 0
3 years ago
Salesforce case assignment rules are based on elapsed time.a) trueb) false
Anna [14]

Answer:

b) false

Explanation:

Salesforce case assignment deals with a company's lead generation strategies which can either be based on manual operations or automatic processes. For example, Web to Case strategy, Email to Case technique, On-Demand Email to Case system approach, etc.

Consequently, Salesforce case assignment rules run instantly, oftentimes on case creation and are not time-based

Hence, the correct answer is FALSE

8 0
4 years ago
Which of the following is an example of product differentiation​? A. Columbia sells expensive winter jackets. B. Adidas sells ja
Mashcka [7]

Answer:

C. I prefer Nike shoes while my friend prefers Puma shoes

Explanation:

Product differentiation is making a product different or unique from others in the market in order to make it more appealing to potential customers.

Both nike and puma are shoes but because of product differentiation, customers find one shoe more appealing.

I hope my answer helps you

6 0
3 years ago
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