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Colt1911 [192]
4 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]4 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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In 1998, the Canadian Magazine Publisher's Association (CMPA) predicted the demise of many Canadian magazines because the World
scoundrel [369]

Answer:

Dumping

Explanation:

This term is used in international trading where a company or country exports a large product at a price lower in the foreign importing market than the price in the exports domestic market and this action usually endangers the economic viability of local product manufacturer in the importing nation.

4 0
3 years ago
Carla Corporation engaged in the following cash transactions during 2020. Sale of land and building $181,050 Purchase of treasur
bulgar [2K]

Answer:

the net cash used (provided) by financing activities is $ 84,600

Explanation:

<em>Under GAAP, the Dividends payment is accounted as a financing Activity.</em>

<u>Cash flow from Financing Activities</u>

Purchase of treasury stock                                  (42,900)

Payment of cash dividend                                   (89,700)

Issuance of common stock                                  150,700

Retirement of bonds                                            (102,700)

Net Cash flow from financing Activities              (84,600)

3 0
4 years ago
Northern Pacific Fixtures Corporation sells a single product for $28 per unit. If variable expenses are 65% of sales and fixed e
Lemur [1.5K]

Answer:

the break even point is $28,000.00

Explanation:

The computation of the break even point is given below:

= Total fixed expenses ÷ contribution margin ratio

= $9,800 ÷ (1 - 0.65)

= $9,800 ÷ 0.35

= $28,000.00

Hence, the break even point is $28,000.00

We simply applied the above formula

6 0
3 years ago
An upscale organic foods grocery store chain is implementing an information system that will enable it to add same-day home deli
defon

Answer:

paradigm shift

Explanation:

Based on the information provided within the question it can be said that this is an example of a paradigm shift. This term refers to a fundamental change within an a company's or entity's set of discipline or norms of it's basic concepts. Which in this scenario adding same day home delivery drastically changes the basic concept of an in person organic food grocery store as people are able to order online and never have to set foot into the store. Which may even lead the store to close their brick and mortar store and function strictly online.

6 0
3 years ago
What does the size of the dividend per share of stock depend on?
defon

Answer:

The size of the dividend per share of stock depends on: The corporation's profit

Dividend per share is calculated by: Total dividend / Total shares outstanding,

Which means that dividend per share will increase if the total dividend increases.

Meanwhile, the total dividend will be increased if the company gains more profit

4 0
3 years ago
Read 2 more answers
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