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Harman [31]
3 years ago
5

Ayayai Inc. presented the following data. Net income $2,680,000 Preferred stock: 48,000 shares outstanding, $100 par, 8% cumulat

ive, not convertible 4,800,000 Common stock: Shares outstanding 1/1 729,600 Issued for cash, 5/1 273,600 Acquired treasury stock for cash, 8/1 160,800 2-for-1 stock split, 10/1
Compute earnings per share. (Round answer to 2 decimal places, e.g. $2.55.)
Business
1 answer:
bezimeni [28]3 years ago
4 0

Answer:

$1.35 per share

Explanation:

Note: See the attached excel file for the calculation of the weighted shares outstanding.

The earnings per share can be computed as follows:

Weighted shares outstanding = 1,702,000 shares

Preferred stock dividend = 48,000 * $100 * 8% = $384,000

Net income = $2,680,000

Net income after preferred stock dividend = $2,680,000 - $384,000 = $2,296,000

Earnings per share = Net income after preferred stock dividend / Weighted shares outstanding = $2,296,000 / 1,702,000 = $1.35 per share

Download xlsx
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Which of the following policies is the government most inclined to use when faced with a positive externality? Group of answer c
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Answer:

subsidies

Explanation:

Subsidies refer to financial aid for some specific purpose and to some specific category as decided by the government. As for the instance the government can provide subsidy in the form of house to poor people in the country.

Now here the rich people can afford their own houses and that they can pay the taxes as well which are attached to the the houses, which provide extra benefit to the poor, as the government can provide the subsidy then more efficiently.

The positive externalities increase the benefits for every citizen.

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2 years ago
A manager has a gut feeling that some members are contributing more to the organization than other members. The first step the m
balandron [24]

Answer: This certain manager should be able to reach out to other the employes to join more organizations. I think that if these other employees are contributing to more organization than others, Then they will  be more selected. The other employees that are not contributing will certainly be fired. Thanks this is my way of reasoning:)

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3 years ago
Pluto Inc. is computer technology corporation that has been manufacturing laptops for the last five years. Recently, in the face
Delicious77 [7]

Answer:

diversification

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3 0
3 years ago
Larkin Company accumulated the following standard cost data concerning product I-Tal.
Alex_Xolod [135]

Answer:

Standard cost per unit= $282.6

Explanation:

Giving the following information:

Direct materials per unit: 3.00 pounds at $4.20 per pound

Direct labor per unit: 9.00 hours at $12 per hour

Manufacturing overhead: Allocated based on direct labor hours at a predetermined rate of $18.00 per direct labor hour

The standard cost per unit is the sum of direct material. direct labor, and allocated overhead:

Standard cost per unit= 3*4.2 + 9*12 + 9*18

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3 years ago
What 3 factors affect the return on savings account
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Answer:

The choice between consumption in the present and consumption in the future, perception of a close correlation between current income and consumption, and the smoothing of consumption over time as deriving from its comparison to the income which the individual would perceive as his/her permanent income.

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