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Korvikt [17]
3 years ago
7

A company has total revenue of $50,000,000, cost of sales of $40,000,000, operating expenses of $5,000,000, and financing costs

of $2,000,000. What are earnings per share if the company has 100,000 shares outstanding and no preferred stockholders? Question 18 options: $10 $30 $100 $300
Business
1 answer:
bekas [8.4K]3 years ago
8 0

Answer:

$30

Explanation:

Earning per share is calculated dividing Earning for the year excluding preferred dividend by outstanding number of shares.

Formula for EPS is as follow:

Earning Per share = ( Net Income  - Preferred Dividend ) / Outstanding Numbers of shares

We need to calculate the net Income, which is calculated as below

Net Income = Revenue - Cost of Goods Sold - Operating Expenses - Financing costs = $50,000,000 - $40,000,000 - $5,000,000 - $2,000,000

Financing costs = $3,000,000

Placing Values in the formula of EPS

EPS = $3,000,000 / 100,000 shares = $30

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Explanation:

Working file has been attached to help understand how the answer was derived. Some points to note in the sheet are:

  1. The sheet represents the following columns which are S. No., Chairs, Price, Total Revenue and difference in each revenue.
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If you charge/plug in your phone on a Xbox will the stuff in ur camera roll on your phone be on/in the Xbox???
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Although, if you are pc, you can upload a custom gamerpic easily.

(An example would be a gamerpic, you need the app in order to have a custom gamerpic because it accesses your files).

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Explanation:

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