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Sedaia [141]
2 years ago
6

At December 31, 2017 and 2018, Funk & Noble Corporation had outstanding 1,000 million shares of common stock and 13 million

shares of 4%, $100 par value cumulative preferred stock. No dividends were declared on either the preferred or common stock in 2017 or 2018. Net income for 2018 was $1,652 million. The income tax rate is 40%. Calculate earnings per share for the year ended December 31, 2018.
Business
1 answer:
Zanzabum2 years ago
7 0

Answer:

$1.6

Explanation:

The computation of the earning per share is shown below:

Earning per share = (Net income - preferred stock dividend) ÷ (Number of shares)

where,

Preference stock dividend equals to

= 13 million shares × 4% × $100

= $52 million

And, the other items values would remain the same

Now put these values to the above formula  

So, the value would equal to

= ($1,652 million  - $52 million) ÷ (1,000 million shares)

= $1,600 million ÷ 1,000 million shares

= $1.6

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Advertising their services can lead to increased sales for corporations since people nowadays use their social media a lot. Keeping up with the latest industry news would also be helpful for corporations in using the right approach for advertising as well as creating product diversification that are suitable for the market they are aiming for.

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3 years ago
An associate is seeking advice on which device to purchase for a friend who is a business owner. The friend needs the ability to
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Answer: The following would be the best recommendation: <u><em>Smart watch</em></u>

<u><em>Under this case the associate is purchasing the gift for his friend and from the given option it can be easily stated that  smart watch will the best gift. </em></u>

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2 years ago
​Use the following to answer the questions. ​ Suppose that Ray-Ban is considering a new line of sunglasses that would be sold in
Delvig [45]

Answer: Demand based pricing

Explanation:

Ray-Ban's plan of gathering information about the other brands sold in department stores, which includes their prices, would most likely be used in a demand based basis for pricing

Demand-based pricing, refers to the method of pricing whereby the fluctuations in the demand of consumers is considered.

Due to the flctuations, the prices are adjusted in a way that fits the changes in the values of the product.

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3 years ago
A lawnmower that normally sells for $350 is on sale for 25% off. How much
olya-2409 [2.1K]

Answer:

$262.50

Explanation:

Multiply $350 by 0.75 since it is 25% off and the remaining is 75% to get the answer of $262.50.

3 0
2 years ago
At the end of 2013, its first year of operations, Slater Company reported a book value for its dependable assets of $40,000 for
Irina-Kira [14]

<u>Solution and Explanation:</u>

SC's Depreciable assets for the purpose of financial reporting and income taxes were $40000 and $33000 respectively. Its taxable income is$97000.Temporary difference will be there because of Depreciation.

Temporary Difference=Financial reporting Dep-Income tax depreciation

=40000 minus 33000

=7000

Pretax financial income=taxable income+Temporary Difference  

=97000+7000=$104000

Deferred tax liability=7000 multiply 30%=2100

Income tax expense=104000 multiply 30%=31200

Income tax payable=97000 multiply 30%=29100

Dec 31 Income Tax ExpensenA/C Dr. $31200

                     To Income Tax Payable A/C $ 29100

                       To Deferred Tax Liability A/C $ 2100

<u> Answer:b </u>

Slatter Company

Partial Balance Sheet

December 31, 2013

Noncurrent Liabilities

Deferred Tax Liability $2100

5 0
3 years ago
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