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Natasha2012 [34]
3 years ago
14

Vessels Corporation's net income for the most recent year was $2,532,000. A total of 200,000 shares of common stock and 200,000

shares of preferred stock were outstanding throughout the year. Dividends on common stock were $3.80 per share and dividends on preferred stock were $1.25 per share. The earnings per share of common stock is closest to:A. $12.66. B. $8.86. C. $7.61. D. $11.41.
Business
1 answer:
Usimov [2.4K]3 years ago
6 0

Answer:

  • The earnings per share of common stock is closest to

D. $11.41.

Explanation:

To find the Price-Earning Ratio first, it's necessary to deduct from the Net Income the part corresponding to Preferred Stock,

which is , $2,532,000 - (200,000*1,25= $250,000) = $2,282,000

Then we calculate the Earning/Share Ratio : $2,282,000/200,000 = 11,41

Shares of Common stock outstanding    200.000     

Shares of Preferred stock outstanding    200.000*$1,25 = $250.000  

NET INCOME Available    $2,282,000  = $ 2,532,000  - $250,000

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Answer: You want direct email spam is what you dont want.

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8 0
3 years ago
Read 2 more answers
Dakota Company had net sales (at retail) of $260,000.
disa [49]

Answer:

$35,860  

Explanation:

The computation of the ending inventory using the retail inventory method is shown below

Particulars                      Cost          Retail

Opening Inventory(A)   $63,800    $128,400

Purchases(B)                 $115,060    $196,800

Goods available

C=(A-B)                         $178,860     $325,200

Cost ratio

($178,860 ÷ $325,200 × 100) 55%  

Sales at retail (D)                            $260,000

End, Inventory at Retail                     $65,200

($325,200 - $260,000)

End, Inventory at Cost    $35,860  

($65,200 × 55%)

8 0
3 years ago
WHICH PAIRS OF ANGLES IN THE FIGURE BELOW ARE VERTICAL ANGLES?
DochEvi [55]

A and D are the correct answers . You are welcome .

6 0
2 years ago
Bill is trying to decide what combination of bananas and apples to buy. A banana costs half as much as an apple. If no apples ar
tia_tia [17]

Answer:

To maximize utility, Bill can will buy one banana and one apple.

Explanation:

Utility maximisation refers to the concept that individuals and firms seek to get the highest satisfaction from their economic decisions.

For example, when deciding how to spend a fixed some, individuals will purchase the combination of goods/services that give the most satisfaction.

The theory of Utility maximization highlights two fators

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if a banana cost half as much as an apple,

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cost of apple - cost of banana × 2

Assuming the cost of one banana is $1

The cost of buying 6 bananas = 6×$1 = $6

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Therefore the price of apples is $2

If the total amount available = $6,

It can purchase one banana and one apple.

8 0
3 years ago
​Otto is considering forms of business organization for Pro Tree Service, his landscaping firm. Like most states, Otto's state r
mylen [45]

Answer:

The correct answer is (d)

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