1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
erastova [34]
3 years ago
5

At December 31, 2018 and 2017, G Co. had 60,000 shares of common stock and 11,000 shares of 5%, $100 par value cumulative prefer

red stock outstanding. No dividends were declared on either the preferred or common stock in 2018 or 2017. Net income for 2018 was $550,000. For 2018, basic earnings per common share amounted to: (Round your answer to 2 decimal places.)
Business
1 answer:
Tpy6a [65]3 years ago
7 0

Answer:

$8.25

Explanation:

The computation of basic earnings per common share is shown below:-

Dividend to be accrued on Preference shares = 11,000 × 100 × 5%

= $55,000

Earnings available to common share holders = $550,000 - $55,000

= $495,000

Basic Earnings per share = Earnings available to common share holders ÷ Shares of common stock

= $495,000 ÷ $60,000

= $8.25

You might be interested in
U GET 25 points r more and brainlest
vazorg [7]

HELP ME!!! my family is driving me insane

4 0
3 years ago
A concept that can be used to describe (how will government's money be spent)
jonny [76]
Governments money is usually spent for weapons or vaccines for sicknesses.
6 0
3 years ago
The law of diminishing returns indicates that:a. because of economies and diseconomies of scale a competitive firm's long-run av
Olegator [25]

Answer:

The correct answer is option c.

Explanation:

The law of diminishing returns states that as we go on employing additional inputs the return or payoff from each unit of input will become smaller or go on declining. This means that after a certain point the total output will start increasing on a decreasing rate as we go on hiring more inputs.

In other words, the marginal product of inputs will go on declining with each additional unit of input employed. As a result after reaching a certain point, the marginal product starts to decline.

7 0
3 years ago
E-Eyes has a new issue of preferred stock it calls 20/20 preferred. The stock will pay a $20 dividend per year, but the first di
tensa zangetsu [6.8K]

Answer:

$63.27

Explanation:

Calculation of how much should you pay on the stock today

First step

The Price of stock 19 years from now will be:.

20/0.075

= 266.67

Second step

The Price of stock today will be :

The price of stock from 19 years from now which is:

250 / (1.075)^19

=250/3.951489

=$63.27

Therefore how much should you pay on the stock today will be $63.27

5 0
3 years ago
The slope of the budget line represents an opportunity cost​ because, moving along the​ line,
son4ous [18]
D. a consumer must give up some of one good in order to get more of the other.
7 0
3 years ago
Other questions:
  • When a commercial for men's razor blades demonstrate how the blades work to create the closest shave, the brand is using a _____
    7·1 answer
  • Golf Inc. and Golfanatics Corp. are close competitors. Last year, both had the same level of cost of goods sold, but Golf Inc. t
    11·1 answer
  • Which of the following traits would be important to a successful
    14·2 answers
  • Magazines and journals are examples of periodical resources. True False
    15·2 answers
  • Choose the best and worst answer to the following question:
    5·1 answer
  • Ty, the HR manager at Elrod Engines, is preparing a newly promoted employee for her role as a supervisor. In his experience, he
    7·1 answer
  • Lein's net income is $200,000 and its operating cash flows are $240,000. The company reports total assets of $1.6 million and $1
    9·1 answer
  • A surplus can be best defined as:
    12·1 answer
  • During August, 10,000 units were produced. The standard quantity of material allowed per unit was 10 pounds at a standard cost o
    12·1 answer
  • Farm products which are perishable and seasonal nature are supplied by
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!