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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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A company that sells running shoes online wants to compare two new marketing strategies. They will test the strategies on 10 wee
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Answer:

The explanation of the three factors and they conclusion are below.

Explanation:

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Secondly, the treatments is understood to be the process or the way, it could be said, that the researchers administrate to the experimental units. So that implicates that in this case the treatments will be the morning with its comfort described and the afternoon on the other side with its discounted prices shown.

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6 0
2 years ago
Have Americans always shared the same social and economic goals throughout history?
Elodia [21]

<u>Answer:</u>

<em>Yes, Americans always shared the same social and economic goals throughout history.</em>

<u>Explanation:</u>

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8 0
3 years ago
David, an Alabama resident, files suit in an Alabama court against QuickAds, an internet company based in Georgia that provides
Wewaii [24]

Answer:

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US laws do not recognize the legal existence of foreign or out of state companies, a company only exists in the state at which it was chartered. Although the internet has complicated things, since boundaries have faded, but some conditions must be met before a state court can serve a foreign company.  

For a foreign company to be served by a state court, it must carry on “continuous and systematic” affiliations with residents of the state which makes them “essentially at home”. The company's operations must be substantial enough to make the company at home, i.e. it must carry a significant amount of business within the states boundaries.

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4 0
3 years ago
Myrtle Beach Pro-Shop receives information that requires the company to increase its expectations of uncollectible accounts rece
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Answer:

b. Accounts receivables (gross) is reduced

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