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nordsb [41]
3 years ago
15

2017 2016 Net sales $ 1,110,000 $ 1,116,500 Net income (loss) 62,000 50,700 Total assets 855,338 838,078 Share information Share

s outstanding at year-end 64,507,000 66,282,000 Preferred dividends 0 0 There were 73,139,000 shares outstanding at the end of 2015. (a) What was the company’s earnings per share for each year? (Round answers to 2 decimal places, e.g. 15.25.) 2017 : $enter the company’s earnings per share for 2017 in dollars rounded to 2 decimal placesEntry field with incorrect answer now contains modified data .95 2016 : $enter the company’s earnings per share for 2016 in dollars rounded to 2 decimal placesEntry field with incorrect answer -67.62
Business
1 answer:
mixer [17]3 years ago
7 0

Answer:

Earnings per share 2016 = $0.00073

Earnings per share 2017 = $0.00095

Explanation:

Earnings per share relates to a period and not for a particular date, therefore, it is computed based on the average number of shares for the period.

Net income for each year

2017 = $62,000

2016 = $50,700

Shares at the end of year

2017 = 64,507,000

2016 = 66,282,000

2015 = 73,139,000

Average shares of 2016 = \frac{(73,139,000 + 66,282,000)}{2} = 69,710,500

Average shares of 2017 = \frac{(64,507,000 + 66,282,000)}{2} = 65,394,500

Earning per share for 2016 = \frac{50,700}{69,710,500} = $0.00073

Earnings per share for 2017 = \frac{62,000}{65,394,500} = $0.00095

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Answer:

The correct answer is D

Explanation:

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In accordance with the Veblen, the concept or the idea of the conspicuous consumption is developed or created. It is believing that the rich person or people are very concerned in showing off their wealth in order to prove their success in from of others.

So, Veblen would likely demonstrate their worth by purchasing the expensive jewels for his wife and then showing off the jewels at the parties.

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3 years ago
Flem is an employee of Glo Goods, Inc. Flem reports to state officials that Glo is illegally shipping unsafe goods to unsuspecti
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With respect to the employment-at-will doctrine, this is "An exception based on public policy"

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3 years ago
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3 years ago
Earned net income of $65,000 after deducting depreciation of $8,000 and all other expenses. Current assets decreased by $7,000​,
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