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Charra [1.4K]
3 years ago
11

Kevin’s Bacon Company Inc. has earnings of $7 million with 2,500,000 shares outstanding before a public distribution. Eight hund

red thousand shares will be included in the sale, of which 500,000 are new corporate shares, and 300,000 are shares currently owned by Ann Fry, the founder and CEO. The 300,000 shares that Ann is selling are referred to as a secondary offering and all proceeds will go to her. The net price from the offering will be $18.50 and the corporate proceeds are expected to produce $1.4 million in corporate earnings. a. What were the corporation’s earnings per share before the offering? (Do not round intermediate calculations and round your answer to 2 decimal places.)
Business
1 answer:
seraphim [82]3 years ago
8 0

Answer:

$2.80

Explanation:

The computation of the corporation’s earnings per share before the offering is shown below:-

Corporation’s earnings per share before the offering = Earnings ÷ Outstanding shares

= $7,000,000 ÷ 500,000

= $2.80

Therefore for computing the corporation’s earnings per share before the offering we simply applied the above formula.

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The ________ is the most widely used personality assessment instrument in the world.
anastassius [24]

The <u>Myers-Briggs type indicator</u> is the most widely used personality assessment instrument in the world.

The Myers-Briggs type indicator instrument is the most widely used personality assessment in the world. Some organizations have selected it as the personality instrument of choice across their training and development programs.

The Myers-Briggs type indicator is a self-assessment tool which lets people learn more about themselves and their jobs. Based on people's psychological preferences, it assesses how people view the environment and make decisions.

Hence, this personality assessment can help people understand their strengths and blind spots and how they might differ from others.

To learn more about Myers-Briggs type indicator here:

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3 0
2 years ago
A student believes that less than 50% of students at his college receive financial aid. A random sample of 120 students was take
den301095 [7]

Answer:

P-value is greater than the significance level, we fail to reject null hypothesis.

Explanation:

Here,  

Sample size = n = 120

Sample proportion = p = 0.6500

Population Proportion = P_{0} = 0.5

Level of significance = α = 0.02

<u />

<u>Step 1: </u>

H_{0}: p = 0.5

H_{1}: p < 0.5 (Left tailed test)

<u></u>

<u>Step 2: </u>

The critical vale is = 2.0537

<u></u>

<u>Step 3:  </u>

The test statistic is,

z =  \frac{p - p_{0} }{\sqrt{\frac{p_{0} (1-p_{0}) }{n} } }

<u>Step 5: </u>

Conclusion using critical value: Since the test statistic value is greater than the critical value, we fail to reject null hypothesis.

<u>Step 6:  </u>

Conclusion using P-value: Since the P-value is greater than the significance level, we fail to reject the null hypothesis.    

3 0
3 years ago
Your payment of $123005.12 was received on June 3 2006 by our offices in Macon Georgia. Your payment of $123,005.12 was received
Stella [2.4K]

Answer:

Your payment of $123,005.12 was received on June 3, 2006, by our offices in Macon, Georgia.

Explanation:

Period are placed between the digits of written Numbers or figures use to separate different places like thousands, millions etc. starting leftward from the decimal point Just like $123,005.12. While for a three-part date, commas are placed between   the date with month and year . It will be June 3, 2006. The name of a place which mention the city and country require a comma between the city name and country name like Macon, Georgia.

The correct punctuated statement is " Your payment of $123,005.12 was received on June 3, 2006, by our offices in Macon, Georgia."

Corrections are

Your payment of $123005.12 was received on June 3 2006 by our offices in Macon Georgia.

No commas have been used in Figures, date and Place name.

Your payment of $123005.12 was received on June 3 2006, by our offices in Macon, Georgia.

The Periods in figure are missing, it should be as $123,005.12

Your payment of $123,005.12 was received on June 3, 2006 by our offices in Macon Georgia.

The commas to separate the places name is missing, it should be Macon, Georgia.

4 0
3 years ago
Which spreadsheet type will determine how well a business has done over the past year?
masha68 [24]
<span>profit-and-loss statement</span>
6 0
3 years ago
Which of the following is an example of a specific purpose? A. I want my employees to understand and follow the new dress code p
Alla [95]

Answer:

D. a and c

Explanation:

I hope it helps.

8 0
2 years ago
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