Josiah, Inc. provides the following information for 2017:Net income$350,000Market price per share of common stock$50 per sha
1 answer:
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 =
Earnings per share for 2017 =
=
Earnings per share = $1.71 (Rounded off)
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According to the information in the Graph Veronique made a better decision than Lily because the final cost of her purchase is lower including finance charges (option B)
<h3>What is a finance charge?</h3>A finance charge is an economic term that refers to additional charges made by finance companies (such as banks) to a transaction we make, such as a purchase.
In the case of Veronique and Lilly, they both bought the same suitcase with different prices. However, the better financial decision was Veronique's because she paid less ($25) for the same bag including finance charges.
While Lilly, despite having fewer fees, will have to pay $10 more than Veronique.
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Learn more about payment in: brainly.com/question/15138283
