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Lilit [14]
3 years ago
5

Suppose the following information (in millions of dollars) is available for Limited Brands for a recent year: sales revenue $8,7

80, net income $153, preferred dividend $0, and weighted-average common shares outstanding 300 million. Compute the earnings per share for Limited Brands.
Business
1 answer:
asambeis [7]3 years ago
3 0

Answer:

$0.51 million

Explanation:

Earnings per share is calculated as ;

Net income - preferred dividends/ Weighted average common shares outstanding.

Given that;

Net income = $153 m

Preferred dividends = 0$

Weighted average common shares outstanding = $300 m

Therefore,

Earnings per share = $153 - $0 / $300

= $0.51 million

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When a central bank influences the growth of the money supply, it is carrying out _____.
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Cash received before services are performed may be recorded as a debit to a cash account and a credit to a liability account is
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The correct answer is: Unearned Revenue.

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Faruq spends all of his income on tacos and milkshakes. His income is $100, the price of tacos is $10, and the price of milkshak
jek_recluse [69]

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The correct answer is 5.

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=  \frac{100}{10}

=  10 tacos

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= \frac{100}{2}

= 50 milkshakes

So out of his total income he can either have 50 milkshakes or 10 tacos.

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7 0
3 years ago
Which of the following is not an advantage of owning mutual funds? A. All of the options are advantages of mutual funds. B. They
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(C) They treat income as 'passed through' to the investor for tax purposes.

<h3>What are mutual funds?</h3>
  • A mutual fund is an investment vehicle that is professionally managed and collects money from a number of investors to buy securities.
  • The phrase is frequently used in the US, Canada, and India, while open-ended investment companies in the UK and SICAVs in Europe are comparable global structures.
  • Mutual fund distributions, whether made in the form of cash payments or reinvested in additional shares, must be taxed if shares are held in a taxable account.
  • Following the end of each calendar year, the funds submit IRS Form 1099-DIV detailing distributions made to shareholders.
<h3>Who are investors?</h3>
  • A person who invests money does so in the hope of earning a profit or gaining an advantage in the future.
  • The majority of the time, the investor purchases some kind of property using these assigned funds.
<h3>What is tax?</h3>
  • Tax compliance refers to policy actions and individual behavior aimed at ensuring that taxpayers are paying the right amount of tax at the right time and securing the correct tax allowances and tax reliefs.
  • A tax is a mandatory financial charge or some other type of levy imposed on a taxpayer (an individual or legal entity) by a governmental organization in order to fund government spending and various public expenditures (regional, local, or national).
  • Around 3000–2800 BC, the first recorded taxation was enacted in ancient Egypt.

Therefore, "(C) They treat income as 'passed through' to the investor for tax purposes" is not the advantage of owning mutual funds.

Know more about mutual funds here:

brainly.com/question/4340765

#SPJ4

4 0
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