Answer:
$440 millions
Explanation:
The computation of the net cash inflows (outflows) from operating activities is shown below:
Cash flow from Operating activities
Cash received from Customers $4,200
Interest on investments $360
Less: Cash paid
Interest on debt -$460
Income tax -$240
Purchase of inventory -$2,600
Operating expenses -$820
Net Cash flow from Operating activities $440 millions
Answer:
$5.31
Explanation:
Earnings per share = Earnings Attributable to Holders of Common Stock ÷ Weighted Average Number of Common Stocks Outstanding
<em>where,</em>
<u>Earnings Attributable to Holders of Common Stock is :</u>
Net Income $650,000
Less Preference Stock dividend ($71,000)
Earnings Attributable to Holders of Common Stock $579,000
<em>and</em>
<u>Weighted Average Number of Common Stocks Outstanding :</u>
Common Stocks at Beginning outstanding 100,000
Stocks Sold at Weighted Average (18,000 / 2) 9,000
Weighted Average Number of Common Stocks Outstanding 109,000
therefore,
Earnings per share = $579,000 ÷ 109,000
= $5.31
The 2021 basic earnings per share is $5.31.
Answer:
a. an invitation to submit offers, not an offer itself.
Explanation:
When a property is to be sold at an auction it involves an invitation for interested buyers to submit offers to the seller. The seller will now consider the offers and see the best one for him.
There is usually no price stated for the auction and seller goes for the highest bid.
If however if the seller says that there is no reserve price or that the reserve price was met, it can now be considered an offer in itself.
In this case Owen is offering the property at a live auction and does not state requirements for a reserve price
Yes because everybody will want so and so car so the price will rise
Answer:
d) $4.00.
Explanation:
Net Income = $34,000
Common shares outstanding = 8,500 shares
Earning Per share = Net Income for the period / Common shares outstanding
Earning Per share = $34,000 / 8,500 shares
Earning Per share = $4 per share
The company's earnings per share is $4.
Divided declared has nothing to do in the calculation of Earning per share because we just measure the earning against each share which involves net income and number of outstanding shares only.
