Answer:
$0.26
Explanation:
diluted earnings per share (EPS) = (net income - preferred dividends) / (weighted average outstanding shares + diluted shares)
net income = $330,000
preferred dividends = 2,000 x $500 x 8% = $80,000. Since the preferred stocks are convertible, they will be considered diluted shares. Therefore, no preferred dividends will be included in the calculation.
weighted average outstanding shares:
- January 1 = 700,000 x 12/12 = 700,000
- March 1 = 200,000 x 10/12 = 166,666.7
- total weighted average = 866,666.7
diluted shares = 2,000 preferred stocks x 200 = 400,000
diluted EPS = $330,000 / (866,666.7 + 400,000) = $0.260526247 ≈ $0.26
Answer:
$22,789
Explanation:
One of the uses of the Bank Reconciliation Statement is to check the accuracy of the Cash Balance.
The Balance on the Bank Statement and that of the Cash Book in the Ledgers should always agree.
Bank Reconciliation Statement as a July 31
Balance as per Bank Statement $22,364
Add Lodgments not yet credited $1,745
Less unpresented checks ($1,320)
Balance as per Cash Book $22,789
Therefore,
The balance of cash using a bank reconciliation is $22,789
Answer:
$7073.68
Explanation:
Data provided in the question:
Worth of portfolio = $15,000
Amount invested in stock A = $6,000
Beta of stock A = 1.63
Beta of stock B = 0.95
Beta of portfolio = 1.10
Now,
Beta portfolio = ∑(Weight × Beta)
let the amount invested in Stock B be 'x'
thus,
1.10 = [($6,000 ÷ $15,000 ) × 1.63] + [( x ÷ $15,000 ) × 0.95 ]
or
1.10 = 0.652 + [( x ÷ $15,000 ) × 0.95 ]
or
0.448 = [( x ÷ $15,000 ) × 0.95 ]
or
x = ( 0.448 × $15,000 ) ÷ 0.95
or
x = $7073.68
CARICOM or the <span>Caribbean
Community and Common Market solely reason for existence is to promote the
economic integration to guarantee the benefits and shared equitably.
The mainly cause for CARICOM in producing limited improvements is because
majority of the English speaking country
illustrates the division </span><span>deep
linguistic in Caribbean </span>
<span>You would receive a tax refund from the IRS if you paid too much in taxes versus what your net income was during the year. The taxes owed is less than what was paid to the IRS during the year. If you receive credits for what you are able to deduct from your net income, then you will be able to receive money back at the end of the year for over paying during the year.</span>
