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trapecia [35]
3 years ago
5

Junkyard Arts, Inc., had earnings of $290,400 for the year. The company had 52,000 shares of common stock outstanding during the

year and issued 2,500 shares of $100 par value preferred stock. The preferred stock has a dividend of $8 per share. There were no transactions in either common or preferred stock during the year. Determine the basic earnings per share for Junkyard Arts for the year
Business
1 answer:
Kay [80]3 years ago
3 0

Answer:

The basic EPS for Junkyard Arts, Inc. is $5.2 per share.

Explanation:

The basic earnings per share is the amount of net income that is earned per share of common equity or the amount of net income attributable to each share of common stock. The basic earnings per share (EPS) is calculated using the following formula,

Basic EPS = (Net Income - Preferred stock dividend) / Weighted average number of common shares outstanding

The preferred stock dividend for the period was = 8 * 2500 = 20000

Basic EPS = (290400 - 20000) / 52000

Basic EPS = $5.2

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1 year ago
Explain one way an entrepreneur might identify a new business idea
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3 years ago
When pitching your budget to decision makers, focus on conveying two things: First, demonstrate ROI from the current year, and s
DENIUS [597]

After demonstrating the ROI from current year, we should showcase the value of our initiatives, campaigns and goals for coming year.

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3 0
2 years ago
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Answer:

The correct answer is c. Marginal analysis

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The additional cost versus the additional benefit of a decision. In this case,  Bill and Alma are analyzing if  living 10 miles closer to their workplaces ( benefit) is worth the extra $25,000 in the cost of the house(cost). This is marginal analysis.

8 0
3 years ago
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2 years ago
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