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Colt1911 [192]
3 years ago
12

​Josiah, Inc. provides the following information for​ 2017:Net income​$350,000Market price per share of common stock​$50 per sha

reDividends paid​$180,000Common stock outstanding at Jan.​ 1, 2017​160,000 sharesCommon stock outstanding at Dec.​ 31, 2017​250,000 sharesThe company has no preferred stock outstanding. Calculate the earnings per share for 2017.​ (Round your answer to two decimal​ places.)
Business
1 answer:
AURORKA [14]3 years ago
7 0

Answer:

Earnings per share for 2017 = $1.707

Explanation:

Earnings per share relates to the specific period, that how much on each individual share the earnings has been during the period.

Therefore, if there is change in number of equity shares average is taken, for that.

Equity on 1 Jan 2017 = 160,000 shares

Equity on 31 December 2017 = 250,000 shares

Average = \frac{160,000 + 250,000}{2} = 205,000

Earnings per share for 2017 = \frac{Net\ Income}{Average\ number\ of\ shares}

= \frac{350,000}{205,000} = 1.707

Earnings per share = $1.71 (Rounded off)

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A firm uses machine hours to allocate overhead cost. During the period, budgeted variable overhead is Rs. 10000 and budgeted
iVinArrow [24]

Answer:

C

Explanation:

If you do hours X units and then put it on the end of the Variable you get C. Hope this helped #brainiest

4 0
2 years ago
A business will usually choose to produce a new product inan existing facility if the cost is less that the cost of building a n
coldgirl [10]

Answer:

E) existing factory has enough capacity to handle demand for the new products as well as the existing products.

Explanation:

If the existing factory doesn't have enough capacity to produce both the new product and existing ones, then if doesn't matter if the technology used is the same, or the new product is an extension of an existing product line, or existing human resources possess the abilities and knowledge required, or even if the product design is already complete or not.

If the factory's production capacity cannot handle the new product, then the company needs to expand the existing factory's production capacity or build a new facility.

4 0
3 years ago
If textbooks and study guides are complements, then an increase in the price of textbooks will result in a. more textbooks being
julia-pushkina [17]

Answer:

d. fewer study guides being sold

Explanation:

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Therefore, the answer is d. fewer study guides being sold

7 0
3 years ago
Airborne Airlines Inc. has a $1,000 par value bond outstanding with 10 years to maturity. The bond carries an annual interest pa
yanalaym [24]

Answer:Yield to maturity is 9.59%;  After tax cost of debt =7.672%

Explanation:

 A)   Yield to maturity ={ C + (FV-PV)/t} /  {(FV +PV)/2}

Where C – Interest payment    = $90

FV – Face value of the security

= $1000

PV – Present value/curent market value = $960

t – years it takes the security to reach maturity= 10 years

imputing the values and calculating,

yield to maturity ={ C + (FV-PV)/t} /  {(FV +PV)/2}

= $90 + (1000-960)/10} / 1000 + 960 /2

$90 + 4= $94 /980= 0.0959

therefore Yield to maturity is 9.59%

B)   After tax cost of debt =    Yield To Maturity  x (1 - tax rate)

=9.59% x (1-20%)= 9.59% x (1-0.2 )= 9.59% x 0.8 =

9.59 % x 80%=7.672%

4 0
3 years ago
What is business idea? Explain its characteristics​
WINSTONCH [101]

Answer:

A business idea is a concept that can be used for financial gain that is usually centered on a product or service that can be offered for money.

Explanation:

3 0
2 years ago
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