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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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eimsori [14]

Answer:

$840,000

Explanation:

Calculation to determine What is the largest possible total contribution margin that can be realized each period

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Now let the largest possible total contribution margin

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If you are asked to describe how you handled the problem with your manager in your past job, what type of interview question was
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The correct answer is letter "B": behavioral interview.

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8 0
2 years ago
William is a single writer (age 35) who recently decided that he needs to save more for retirement. His 2019 AGI before the IRA
Paul [167]

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Why is it important to start with temporary investments that lead to permanent investments
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