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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

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Answer:  Tangible: <em>cash, inventory, vehicles, equipment, buildings and investments</em>

Intangible:  <em>goodwill, brand recognition, copyrights, patents, trademarks, trade names, and customer lists</em>

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5 0
3 years ago
To maximize profit, the perfectly competitive firm charges a price equal to __________ while the monopolist charges a price ____
belka [17]

To maximize profit, the perfectly competitive firm charges a price equal to the marginal cost while the monopolist charges a price greater than the marginal cost.

The monopolist will select the profit-maximizing level of output where MR = MC, and then charge the price for that quantity of output as determined by the market demand curve. If that price is above average cost, the monopolist earns positive profits.

In a monopolistically competitive market, the rule for maximizing profit is to set MR = MC and the price is higher than marginal revenue, not equal to it because the demand curve is downward sloping.

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5 0
1 year ago
A project's operating cash flow will increase when the: Group of answer choices depreciation expense increases. interest expense
kkurt [141]

The correct option is (a) depreciation expense increases.

A measure of the amount of money made by a company's regular business operations is called operating cash flow (OCF). Operating cash flow shows if a business can produce enough positive cash flow to support and expand its operations; if not, it may need outside finance for capital growth.

While cumulative depreciation is the overall amount of wear and tear to date, depreciation expense is the amount that a company's assets are depreciated for a specific period (such as a quarter or the year). Accumulated depreciation is neither an expense, nor is it a depreciation expense.

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4 0
1 year ago
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AleksAgata [21]

Answer:

Correct Answer:

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8 0
3 years ago
Elobrate on the tertiary sector​
german

Answer:

Explanation:

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8 0
2 years ago
Read 2 more answers
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