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erastova [34]
4 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]4 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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Moss and Barber organize a partnership on January 1. Moss’s initial net investment is $75,000, consisting of cash ($17,500), equ
Olegator [25]

Answer:

journal entries are as given below

Explanation:

solution

journal entries are as

first we get here investment by Moss

date                 account title                                 debit             credit

January 01       cash                                             $17500

                        equipment                                   $82500

                        note payable                                                     $25000

                        Angela Moss capital                                         $75000

and now we get investment by barber

date                 account title                                 debit              credit

January 01       cash                                              $31250

                        autumn barber capital                                       $31250

4 0
3 years ago
In terms of the number and dollar volume of transactions, the b2b market is __________ the consumer market.
Alexandra [31]

Answer:

Larger than

Explanation:

The b2b market which is the business to business market is larger than the consumer market in terms of number and dollar volume of transactions. This is majorly due to the fact that business to business transactions entails wholesaling transactions, while consumer markets entails retailing transactions. Thus, in b2b, the amount of goods bought by a business is usually larger than what is being bought by an individual in the consumer markets. The transactions in b2b markets are much more bigger than the transactions in consumer markets in terms of monetary value.

4 0
4 years ago
A friend asks to borrow $ 50 from you and in return will pay you $ 53 in one year. If your bank is offering a 5.7 % interest rat
Sergio [31]

Answer:

52.85 / 50.14 / yes

Explanation:

the key to answer this question is to understand the logic of present values / future values:

FV=PV*(1+i)^{n}

PV=FV*(1+i)^{-n}

where FV is future value, PV is the present value, i is the periodic interest rate and n is the number of periods. So applying to this particular problem we have:

a. if we deposit today 50, we are been asked to calculate the future value, so:

FV=50*(1+0.057)^{1}

FV=52.85

b.if we want to have 53 in one year, we are been asked to calculate a present value:

PV=53*(1+0.057)^{-1}

PV=50.14

c. is clear that is better to borrow to the friend because in one year he will pay more than bank

4 0
3 years ago
Inflation, recession, and high interest rates are economic events that are best characterized as being...
Nina [5.8K]

Answer:

C. among the factors that are responsible for market risk

Explanation:

4 0
3 years ago
A customer is short 100 shares of DFI at 35 and the market price is 35.25. If he believes a near-term rally will occur, which of
timama [110]

Answer:

C) Buy a DFI call with an exercise price of 35.

Explanation:

A Call is a buy option of 100 shares, in this case, of DFI. It has an exercise price, that represents the number of comparison with the market price. If the market is lower than the exercise, the call expires without earnings (only the premium that is paid when you buy it). If the market is higher than exercise, then the profit is the differen between the two prices. So, if the customer is short with 100 shares (expecting a lowering of prices), but he believes that a near-term rally is going to happen, then he can buy this option, and cover his losses when the prices rise.

5 0
3 years ago
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