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
IceJOKER [234]
3 years ago
14

At December 31, Meyer Company had 500,000 shares of common stock issued and outstanding, 400,000 of which had been issued and ou

tstanding throughout the year and 100,000 of which were issued on October 1. Net income for the year ended December 31 was $510,000. What should be Meyer's earnings per common share, rounded to the nearest penny?
Business
1 answer:
kicyunya [14]3 years ago
6 0

Answer:

$1.2

Explanation:

The computation of earning per common share is shown below:

Earning per share = (Net income) ÷ (Number of shares)

where,

Net income = $510,000

And, the number of shares = $400,000 + $100,000 × (3 months ÷ 12 months)

= $400,000 + $25,000

= $425,000

The 3 months is calculated from October 1 to December 31

Now put these values to the above formula  

So, the value would equal to

= $510,000 ÷ $425,000

= $1.2

You might be interested in
In reviewing his company's operations, a risk manager noticed that all of the company's finished goods were stored in a single w
diamong [38]

Answer:risk control

Explanation:Risk control is a step in the hazard management process. It involves finding a way to neutralize or reduce an identified risk.

Risk control begins with a risk assessment to identify the presence and severity of workplace hazards. Employers must then implement the most effective controls available.

In order of effectiveness (from most effective to least), risk control methods include:

Elimination: removing the risk entirely

Substitution: swapping an item or work process for a safer one (for instance, switching to an industrial cleaner that poses fewer respiratory risks)

Engineering controls: modifications to the environment or equipment that poses the risk (such as installing mirrors in warehouses or machine guards on circular saws)

Administrative controls: modifications to the workflow or work process (for example, rotating employees through several different work tasks to prevent repetitive stress injuries)

Personal protective equipment: safety gear worn by the workers, such as hard hats, safety glasses, and chemical-resistant gloves

6 0
3 years ago
Which of these is NOT one of the five ethical principles the GAO's Yellow Book stresses?
Anni [7]

Answer:

The correct answer is d. The proper safeguarding of client information.

Explanation:

According to chapter 3 of the GAO Yellow Book, the following are the ethical principles:

  1. The public Interest
  2. Integrity
  3. Objectivity
  4. The proper use of government information, resources, and position.
  5. Professional behavior.

Proper protection of customer information is not an ethical principle in this book, but it should be a factor to consider in the information manipulation process.

7 0
4 years ago
In product development, what are "specifications"?
mario62 [17]

Answer:

the answer is A. Statements of what the product will be like

Explanation:

hope this helps <3 xoxo :)

5 0
3 years ago
Read 2 more answers
A Best Eastern Motel is a regional motel chain. Its rooms rent for $90 per night, on average. The variable cost is $40 a room pe
alexdok [17]

Answer:

The break even point in units is 24000 rooms per year.

Explanation:

The break even point in units is a point where enough units are sold to earn a revenue that covers the total cost of the business and there is neither a profit nor a loss to the business. The break even point in units can be calculated as follows,

Break even in units = Fixed cost / Contribution margin per unit

Where,

Contribution margin per unit = Selling price per unit - Variable cost per unit

So,

Contribution margin per unit = 90 - 40 = $50

Break even in units = 1200000 / 50    =  24000 units

3 0
3 years ago
Read 2 more answers
Selected data from the Florida Fruit Company are presented below: Total assets $1,500,000 Average total assets 1,850,000 Net inc
Mkey [24]

Answer:

13.5%

Explanation:

Relevant data provided for computing the profit margin which is here below:-

Net Income = $175,000

Net Sales = $1,300,000

The computation of profit margin is shown below:-

Profit Margin = (Net Income ÷ Net Sales) × 100

= ($175,000 ÷ $1,300,000) × 100

= 13.5%

Therefore for computing the profit margin we simply applied the above formula.

5 0
3 years ago
Other questions:
  • Based on the information provided by this map, which body of water was most likely the center of roman trade
    8·1 answer
  • A(n) _____________ is a spending plan that allows you to estimate how much money you will need for expenses during a specific pe
    13·1 answer
  • Budweiser is a popular brand of beer. Part of this company's market research of U.S. consumers looked at education levels of bee
    6·1 answer
  • When determining whether to record an asset as a fixed asset, what two criteria must be met?
    7·1 answer
  • Bargain Styles Inc. is an apparel company that caters to the highly price-conscious customers. Through its simple apparel design
    7·1 answer
  • According to the Keynesian transmission mechanism, a rise in the money supply will __________ the interest rate, causing a _____
    7·1 answer
  • Which of the following statements is correct?A) Peer group analysis is easier when a firm is a conglomerate versus when it only
    13·1 answer
  • ) You purchased a call option for $3.45 17 days ago. The call has a strike price of $45 and the stock is now trading for $51. If
    12·1 answer
  • . Job 1 pays $50,000 per year and offers 10 days of vacation. Job 2 pays $48,000 per year and offers 25 days of vacation. Which
    7·1 answer
  • Accounting information include investors and regulators; business owners and employees are included in the intended users of:___
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!