Answer:
Basic earnings per share = $1.7
Diluted earnings per share = $1.03
Explanation:
Basic earnings per share = (Net Income - preferred dividends)/Weighted average shares outstanding
Basic earnings per share = (1,060,000-108,000)/560,000
Basic earnings per share = $1.7
Diluted earnings per share = [Net Income - preferred dividend]/(outstanding shares+Diluted Shares)
Diluted earnings per share = (1,060,000-108,000) / (560,000+360,000 )
Diluted earnings per share = $1.03
Answer:
$10,000 million
Explanation:
The computation of the change in the money supply is shown below:
At 10%
Required reserves= deposits × required reserve ratio
= $1000 million × 10%
= $100 million
Now
The total amount of money supply is
New deposits= 1 ÷ required rate of return x deposits
= 1 ÷ 10% × $1000 million
= 10 x $1000
= $10,000 million
At 5%
As we know that
Required reserves= deposits × required reserve ratio
= $1000 million × 5%
= $50 million
Now
The total amount of money supply is
New deposits= 1 ÷ required rate of return x deposits
= 1 ÷ 5% × $1000 million
= 20 x $1000
= $20,000 million
Now change in supply is
= $20,000 million -$10,000 million
= $10,000 million
Answer:
c as price increases, quantity demanded decreases.
Explanation:
The law of demand states that the higher the price of an item, the lower the quantity demanded of that good. While the lower the price, the higher the quantity demanded.
This shows an inverse relationship. As the price of a commodity increases from a former price to a new price, the consumers of that commodity would purchase less of it. But if the reverse is the case, that is price is lowered, consumers would purchase more quantity of the commodity.
Investment property income should a budget be based
