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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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An investment in an available-for-sale security is transferred to trading because the company anticipates selling the stock in t
meriva

Answer:

It's fair value at the date of the transfer

Explanation:

Transfers of securities between categories of investments should be accounted for at FAIR VALUE, with unrealized holding gains or losses treated in accordance with the nature of the transfer.

Available-for-sale securities are reported at fair value; changes in value between accounting periods are included in accumulated other comprehensive income in the equity section of the balance sheet.

The fair value option gives companies the option to report most financial instruments at fair value with all gains and losses related to changes in fair value reported in the income statement.

8 0
3 years ago
How do u calculate the bill total for the week by summing the daily bill amounts
tino4ka555 [31]

Answer:

Calculating the bill total for the week:

The Sum Function in excel is a very easy mathematical operation to sum the daily bill amounts.  In the cell for the sum, you can manually enter the sum function by typing (=sum), then you define the parameters (=sum(C50:I50).  One you press the "enter" the result is automatically displayed.  This can also be automatically done by pressing the Sum Function on the Ribbon or Alt + =.

Explanation:

In Microsoft Excel, the Sum Function is a mathematical operation or syntax that provides the formula for adding, subtracting, or getting the total numerical content of indicated cells. With the Sum Function of Excel you can add, subtract, multiply, and divide, for example A1 * A4, C20/A2, A4 - A5, and so on.

3 0
3 years ago
A typical project office (not to be confused with a project management office) responsible for the management of a large project
beks73 [17]

Answer: (A) Assistant project managers

Explanation:

 The main role of the assistant project manager is that it basically assisting the project managers by coordinating, analyzing and planning the specific project.

 The main responsibility of the assistant project  managers is to supporting the given function of the project and execute the given project.

According to the given question, a typical project office is basically responsible for managing the large projects which include both the project manger and the assistant project managers.  

 Therefore, Option (A) is correct answer.    

3 0
3 years ago
Firms face competing pressures in the marketplace–how to achieve lower costs through proven approaches to production, while look
Solnce55 [7]

Answer:

1. Pressures for local responsiveness may make it difficult to ______________________________.

 

monitor and adapt to changing customer tastes in a large number of foreign markets

2. __________________________is the most appropriate strategy when there are substantial differences across nations with regard to consumer tastes and preferences, and where cost pressures are not too intense.

Localization strategy

3. ___________________________ is the most appropriate strategy when the firm simultaneously faces strong pressures for both cost reductions and local responsiveness.

 

Transnational strategy

4. A firm facing low pressures for local responsiveness and few pressures to contain costs might best pursue a(n) _______________________.

international strategy

5. Markets are dynamic, and any firm will face competition. In time, international and localization strategies tend to become less viable, and managers need to ________________________________.

orient their companies toward either a global standardization or transnational strategy  

Explanation:

When a company's global business activities are coordinated via cooperation and interdependence between its head office, operational divisions, and internationally located subsidiaries or retail outlets, the entity tends to realize more competitive advantages than when it uses a single strategy.  This is why the transnational strategy is offering the best alternative for international businesses in the globalized economy.

7 0
3 years ago
Read 2 more answers
An investment should be undertaken A) if the present value of the expected income stream associated with the investment is great
Alona [7]

Answer:

A) if the present value of the expected income stream associated with the investment is greater than the full cost of the investment project.

Explanation:

It is when the present value of the expected income stream associated with the investment is greater than the full cost of the investment project that the project is profitable. Most investments are undertaken with the aim of making profits.

The net present value can be used to determine if the present value of the expected income stream associated with the investment would be greater than the full cost of the investment project.

3 0
3 years ago
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