What is a depository institution?

The Alford Group had 230,000 shares of common stock outstanding on January 1, 2021. The following activities affected common sha

jeka94

Answer:

a. $7 per share

b. $2.29 per share

c. $3.5

Explanation:

a. The computation of 2021 earning per share is given below:-

EPS = Net income ÷ Weighted Average Outstanding shares of common stock

Weighted Average Outstanding shares of common stock for 2021

= (230,000 × 12 ÷ 12) - (27,000 × 10 ÷ 12) + (27,000 × 2 ÷ 12) + (108,000 × 1 ÷ 12)

= 230,000 - 22,500 + 4,500 + 9,000

= 221,000

EPS for 2021 = Net income ÷ Weighted Average Outstanding shares of common stock for 2021

= $1,547,000 ÷ 221,000

= $7 per share

b. The computation of 2022 earning per share is given below:-

Shares of common stock at the beginning of 2022 = 230,000 - 27,000 + 27,000 + 108,000

= 338,000

Weighted average outstanding shares for 2022 = 338,000 × Stock split

= 338,000 × 2

= $676,000

EPS for 2022 = Net income ÷ Weighted Average Outstanding shares of common stock for 2022

= $1,547,000 ÷ $676,000

= $2.29 per share

c. The computation of 2021 EPS be presented in the 2022 comparative financial statements is shown below:-

2021 EPS be presented in the 2022 comparative financial statements = Net income ÷ (Weighted Average Outstanding shares of common stock for 2016 × Stock split)

= $1,547,000 ÷ (221,000 × 2)

= $1,547,000 ÷ 442,000

= $3.5

4 0

3 years ago

Before introducing a new product to the market, a food products company conducts market research to identify the lifestyles, p

solmaris [256]

Answer: Sociocultural

Explanation: Socioculture refers to the independent operating factors that affect the perspectives of individuals living in the society as a whole. These include the education system, law, lifestyle and religion etc.

The organisations nowadays carefully analyze these factors before introducing a product as these factors are the determinants of one's preferences and wants.

For example- Before entering into the markets of India, mc donalds decided to not to serve beer, pork or beef due to the religious beliefs of the individuals.

7 0

3 years ago

Many routine business messages involve such things as teams coordinating their assignments, customers buying products, and colle

Eddi Din [679]

Answer:

d. requests.

Explanation:

Based on the scenario being described within the question it can be said that such messages are known as requests. These are technically messages from one member of a business to another member in order to ask for a certain good, service, or action to be taken by the second member. Such as attending a meeting or assigning an assignment.

4 0

3 years ago

Read 2 more answers

A customer tells you that they “must have” a particular item that you are out of in your store. You can tell that the customer i

saul85 [17]

Tell them to wait patiently, and give them a
drink

7 0

4 years ago

Read 2 more answers

Custom Cars purchased $39,000 of fixed assets two years ago that are classified as 5-year MACRS property. The MACRS rates are 20

maw [93]

Answer:

The after-tax cash flow (after-tax salvage value) from the sale is $18,941.20

Explanation:

The computation of the after-tax cash flow is shown below:

= Purchase of fixed asset - depreciation charged - sale value of machine + profit on sale - tax rate

= $39,000 - ($39,000 × 20% + 32%) - $19,000 + $280 - 21%

= $39,000 - $20,280 - $19,000 + 280 - $58.80

= $18,720 + $280 - $58.80

= $18,941.20

The $18,720 reflect the Written down value of the fixed asset which come from

= $39,000 - $20,280

3 0

3 years ago