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belka [17]
3 years ago
13

Kelley Company reports $1,250,000 of net income for 2017 and declares $175,000 of cash dividends on its preferred stock for 2017

. At the end of 2017, the company had 380,000 weighted-average shares of common stock. 1. What amount of net income is available to common stockholders for 2017
Business
1 answer:
defon3 years ago
3 0

Answer:

Net income available to common stockholders is $1,075,000

Explanation:

Net Income                            $1,250,000

To Preferred Shareholders   <u>$175,000    </u>

Net income available to       <u>$1,075,000</u>

common stockholders

Basic earnings per share = Net income available to common stockholders / weighted average shares of common stock

Basic earnings per share = $1,075,000 / 380,000

Basic earnings per share = $2.8290 per share.

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During the final years of World War II in Europe, American and British bombing raids supported invasions of Italy. destroyed Ger
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destroyed German factories and cities. were ineffective as German air power grew. were mounted out of bases in the Soviet Union.

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2 years ago
in a business auto policy�s physical damage coverage, which 2 coverages will not be written together for the same vehicle:
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3 0
1 year ago
Suppose the fed announced that it is lowering its target interest rate by 75 basis points, or 0.75%. to do this, the fed will us
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Suppose the federal reserve (The Fed ) announces that it is lowering its target interest rate by 75
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8 0
3 years ago
In a closed economy, saving and investment must be equal, but this is not the case in an open economy. In the following problem,
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Answer:

S>I

Explanation:

Y = C + I + G + (X - M) \\Y = C + I + G + NX

National saving is the income of the nation left after paying for government purchases and consumption. So,

S = Y - C - G

Y = C + S + G \\

Plugging this back into the equation for GDP, we get

Y = C + I + G + NX \\C + S + G = C + I + G + NX \\S = I + NX \\S = I + NX\\S = I + NCO

where, NCO is Net capital outflow.

When there is balanced trade, we have

X = M \\i.e \\NX = 0 \\So, S = I

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Thus,

S > I

6 0
2 years ago
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