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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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D) seniority system

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A disparate treatment (or impact) by an employer refers to a claim that an employer is treating an employee differently than others not publicly or directly, but that discrimination produces a negative effect.

Title VII of the Civil Rights Act protects employees from discrimination based on gender, race, color, national origin and religion.

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Mountaineer Excavation operates in a low-lying area that is subject to heavy rains and flooding. Because of this, Mountaineer pu
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Explanation:

1. The journal entry is as follows:

On March 1

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(Being the prepaid insurance is recorded for cash)

For recording the advance purchase of insurance, we debited the prepaid insurance and credited the cash account. Both the accounts are recorded at $36,000 so that the proper posting could be done.

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During which time period was the annual rate of increase of the speed the greatest? a) from year 1 to year 2 b) from year 1 to y
muminat

The annual rate will increase with the greatest speed from year 1 to year 3.

<h3>What is the growth rate?</h3>

A growth rate is the proportion that changes the price of all goods and services produced in a country over a specific time period in comparison to a previous period.

The growth rate is used to measure the comparative fitness of an economic system over time. The numbers are commonly compiled and announced quarterly and annually.

From 1948 to 2021, the GDP Annual Growth Rate in the United States averaged 3.14 percent, with an all-time high of 13.4 percent in the fourth sector of 1950.

From the above declaration, it's clear that choice C, year 1 to year 3, is the proper option.

Learn more about Growth rate, refer to:

brainly.com/question/13776641

4 0
1 year ago
Assume that Horicon Corp acquired 25% of the common stock of Sheboygan Corp. on January 1 for $300,000. During the year Sheboyga
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Answer:

Option C. Debit Cash and credit Stock Investments

Explanation:

The reason is that in the equity method of recording the dividends receipts, it is always deducted from the stock investment and the relevant share of reported net income of the associate is added to the stock investment.

So mathematically,

Stock Investment Under Equity Method = Opening Value for the year + Share of Net Income - Dividend received

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The above treatment shows that the recording of dividends include credit to stock investment and the cash receipt is always debited.

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Dr Cash $15,000

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So the option C is correct.

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