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aleksandrvk [35]
3 years ago
5

In 2020, Lindon Corp. reported a discontinued operations loss of $1,300,000, net of tax. It declared and paid preferred stock di

vidends of $370,000 and common stock dividends of $590,000. During 2020, Lindon had a weighted average of 600,000 common shares outstanding.
As a result of the discontinued operations loss, net of tax, the earnings per share would decrease by _______.
Business
1 answer:
8_murik_8 [283]3 years ago
6 0

Answer:

The earnings per share would drop by -$2.17 per share

Explanation:

Firstly the EPS =LOSS/TOTAL SHAREHOLDING

In this ,=-$1300000/600000shares

In other words the EPS for the previous year when compared to the current would see a drop in value per unit of share of $2.17

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However, the inverse relationship between inflation & unemployment is only in short run & not in long run. In long run, this inflation - unemployment trade off doesn't exist. So, any fiscal or monetary policy affecting aggregate demand & consecutively inflation rate, do not affect the natural rate of unemployment (combination of frictional & structural unemployment rate) in long run.

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Answer:

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Balance per Bank            355,001          835,846       684,747             506,100

Deposit in Transit

June 30                              86,899         -86,899

July 31                                                       51,240                                     51,240

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June 30                               42,690                               -42,690              

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3 0
3 years ago
During a certain four-month period, the consumer price index (CPI) increased by only 5%. But during the next four-month period,
balu736 [363]
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P&amp;T Inc.
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