1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Lynna [10]
3 years ago
5

Quantum Technology had $652,000 of retained earnings on December 31, 20X2. The company paid common dividends of $33,300 in 20X2

and had retained earnings of $513,000 on December 31, 20X1.
a. How much did Quantum Technology earn during 20X2?




b. What would earnings per share be if 42,400 shares of common stock were outstanding? (Round your answer to 2 decimal places.)
Business
1 answer:
loris [4]3 years ago
3 0

Answer:

(a) $546,300

(b) $12.88

Explanation:

(a)  Earnings available to common stockholders:

= Dividend + Retained Earnings

= 33,300 + 513,000

= $546,300

Earnings available to common stockholders means the amount available to distribute as dividend.

But the company need not pay full earnings as dividend. They may left some portion as retained earnings.

(b)  Earnings per share:

= Earnings available to common stockholders ÷ no. of shares of common stock

= $546,300 ÷ 42,400

= $12.88

You might be interested in
Blogs and blogging tools are critical methods in accomplishing which segment of the 4e framework of social media marketing?
labwork [276]
The answer to this question is: Educate
In social media framework, educate refers to the ability to give additional in-depth knowledge about your field of business.
For example, you could use social media to promote your vegetarian products and educate the users on the dietary benefit that they could get by consuming more fruits and vegetables in the process.
5 0
3 years ago
_____ asserted in an article in the Harvard Business Review that modern transportation and communications technologies are facil
Murrr4er [49]

Answer:

Theodore Levitt

Explanation:

Theodore Levitt was an American economist and professor at the prestigious Harvard Business School (Cambridge, Massachusetts). Also editor of the economic magazine Harvard Business Review (HBR) where they published their articles. It marked a milestone in creating the concept of "globalization" focused on an economic point of view, specifically in its article "Globalization of Markets" was where he referred to it for the first time, thanks to what became very popular and joined the currents of economist thinking.

5 0
2 years ago
Which has a higher flow rate? 10 customers arriving over two hours or 10 customers arriving over three hours?
Tcecarenko [31]

The one that gives a higher flow rate is: 10 customers over 2 hours. The flow rate is 5 customers per hour.

Flow rate is defined as the number of flow units that pass through the business process per unit time.

The flow unit can be money, customers, products, parts, services, etc.

Example of flow rate is number of customers serviced per hour, number of parts produced per minute, etc.

From the definition, the flow rate can be expressed as:

             Flow rate = number of flow unit / time interval

There are 2 scenarios in the given problem.

  • Scenario 1:

Flow unit = 10 customers

Time interval = 2 hours

Hence, the flow rate in scenario 1 = 10/2 = 5 customers per hour

  • Scenario 2:

Flow unit = 10 customers

Time interval = 3 hours

Hence, the flow rate in scenario 2 = 10/3 = 3.33 customers per hour

By comparing the above scenarios, the one that gives higher flow rate is scenario 1, 10 customers over 2 hours.

Read more about flow rate here:

brainly.com/question/14896563

#SPJ4

4 0
1 year ago
A chocolatier produces truffles and sells each 1 pound box of truffles for $20. However, the chocolatier knows that some consume
Alexus [3.1K]

Answer:<em><u> Offering a discount to students and seniors</u></em> will allow the chocolatier to know which types of consumers are likely to have a lower willingness to pay.

Here the price discrimination should be in respect with the demography i.e. allow the chocolatier to sell truffles to the consumer based on their age groups.

<u><em>The correct option is (3).</em></u>

4 0
3 years ago
Judith Thompson, the manager of the student center cafeteria, has added pizza to the menu. The pizza is ordered frozen from a lo
erica [24]

Answer:

9 pizzas

Explanation:

Given that:

A pizza is ordered frozen from a local pizza establishment and baked at the cafeteria.

Judith anticipates a weekly demand of 10 pizzas.

Opening weeks in a year = 45 weeks

Opening days in a week = 5 days

Daily demand =  10/5 = 2

Ordering cost = $15

Holding cost = $0.40 /pizza/year

Lead time = 4 days

Safety stock = 1 pizza

The objective is to determine the optimal reorder point.

The optimal reorder point = (daily demand × lead time) + safety stock

The optimal reorder point =( 2 × 4 ) + 1

The optimal reorder point = 8 + 1

The optimal reorder point = 9 pizzas

6 0
3 years ago
Other questions:
  • Trevor is watching a late night TV show when a low-budget commercial for a local restaurant comes on air. He is affronted by the
    14·1 answer
  • Which statement is FALSE regarding OSHA inspections?
    11·2 answers
  • Ronnie, the advertising manager of a leading newspaper, congratulates every member of the space selling team who achieves his or
    5·2 answers
  • The two fundamental sources of marketing research problems are a. ineffective advertising and change. b. poor sales and ineffect
    13·1 answer
  • A real estate broker takes an exclusive right to sell listing from a seller for $400,000. A buyer makes an offer for $375,000, w
    7·1 answer
  • Which costs are correlated with the firm’s sales and include the costs of labor, raw materials, and sales commissions?
    7·1 answer
  • What is one reason that a brand may not want to get rid of a product that isnt meeting goals?
    5·2 answers
  • Huey sold a warehouse with an original cost of $150,000 for $230,000 to an S corp where he owns a 51% interest. The S corp will
    7·1 answer
  • Nash Corporation has outstanding 343,000 shares of $10 par value common stock. The corporation declares a 10% stock dividend whe
    11·1 answer
  • The difference between indirect tax and subsidy is known as:
    6·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!