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QveST [7]
3 years ago
5

Cullumber Corporation had 2020 net income of $1,098,000. During 2020, Cullumber paid a dividend of $2 per share on 265,500 share

s of preferred stock. During 2020, Cullumber had outstanding 189,000 shares of common stock. Compute Cullumber’s 2020 earnings per share. (Round answer to 2 decimal places, e.g. 3.56.) Earnings per share
Business
1 answer:
Daniel [21]3 years ago
7 0

Answer:

EPS=$3

Explanation:

Net income =1,098,000

Dividend on preferred stock=2*265,500=$531,000

Outstanding shares=189,000

EPS= (Net income-preferred dividends)/Weighted Average share outstanding

EPS=($1,098,000-$531,000)/189,000

EPS=$3

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The correct options are Advanced degree after a traditional four year college degree and On the Job training Experience.

Explanation:

If I like to persuade my career in the Finance Field, I would definitely go for the Four Year degree program in finance and then do Advance education in the concerned field. Then i would like to get the on the job training experience in the finance department of a renowned company to have a true learning experience of the finance field in real time. This would prepare me to become fully knowledgeable about the finance matters before entering into the market as a finance professional. So getting advance degree after basic degree in finance and getting the on the job training would be my choices for Finance Careers.  

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People pursue _____________ projects in the market and ____________ projects in government.
Bingel [31]
A. Their own, their own
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3 years ago
Suppose the government enacts a price floor on milk, which leads to a surplus in the market. How will the government then attemp
Anna [14]

Answer:

Price Floor led Excess Supply can be solved by : Preserving goods Buffer Stock ; or processing goods to increase their shelf life (in case of perishable goods like Milk)

Explanation:

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Price Floor is minimum mandated price set by government, below which a good can't be sold in the market. It is usually set above equilibrium price, to protect interest of sellers. Example : Minimum Support Price as minimum agricultural  goods price to protect interest of farmers, Given Milk Price floor case.

Price Floor creates artificially higher prices ; so increases supply, decreases supply & hence creates Excess Supply. Government can solve this excess supply by preserving stock supply for contingent times , eg -  maintaining buffer stock. If the good is of perishable nature, as given milk case : it should be processed further to increase its shelf life, eg - cheese, such that the stock supply can be released at a slower pace.

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In preparing its August 31, 2010 bank reconciliation, Adel Corp. has available the following information:
saul85 [17]

Answer: C $22,100

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8/31/10 Outstanding Chq. $2,750

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3 years ago
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