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Sedaia [141]
3 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:
Zanzabum3 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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PackMan Corporation has semiannual bonds outstanding with nine years to maturity and the bonds are currently priced at $754.08.
Alja [10]

Answer:

b. 8.225%

Explanation:

The rate formula will be used to solve this question.

Please note that the NPER represents the time value.

Where;

Present value is $754.08

Let's assume that the face value is $1,000

PMT= 1,000 x 7.25% ÷2

=$36.25

NPER= 9 years x 2

= 18 years

The formulae is therefore

Rate(NPER,PMT,-,PV,FV)

The value of the present value is negative.

a. The pretax would therefore be 11.75%

b. After tax cost of debt would be ;

Pretax cost of debt x (1 - tax rate)

11.75% x (1 - 30%)

11.75% x (1 - 0.03)

=8.225%.

4 0
3 years ago
The Nordstrom department store chain emphasizes the great lengths to which it goes in customer service. In fact, when it moves i
rosijanka [135]

Answer:

21

Explanation:

4 0
3 years ago
Read 2 more answers
Jared's boss encourages employees to participate in the decision-making process but does not give them complete freedom to do as
strojnjashka [21]

Answer:

D) democratic

Explanation:

A democratic leadership style is a type of leadership where a leader asks for the inputs of emoloyees in making decisions and the final decision made by the leader is based on the inputs of members.

Jared's boss allows his staff to give inputs but he makes the ultimate decision .

In an autocratic leadership style, the leader doesn't take any input from employees when making decisions.

Laissez faire is a type of leadership style where employees are given a free rein in the company.

7 0
3 years ago
Which financial planning document should you use to measure your current financial​ condition?
fiasKO [112]

Answer:

Balance Sheet / Statement of Financial position is used to measure the current financial position of the company.

Explanation:

Balance Sheet / Statement of Financial position is used to measure the current financial position of the company. It shows the value of assets liabilities and capital invested in the company. It also provides the net financial value of the company after paying all the liabilities. On the other hand the Income statement or Statement of Financial performance shows the performance of the company in a specified period of time.

3 0
3 years ago
During the current​ year, Karen sells her entire interest in Central Corporation common stock for $ 22 comma 000. She is the sol
statuscvo [17]

<u>Solution and Explanation:</u>

Amount realized   22,000 Minus: Basis 89,000 Loss recognized 67000

<u>answer a </u>) Since Karen is single she can guarantee this lose as a common misfortune to a limit of $50,000. Karen won't have the option to guarantee the whole $67,000 that she lost she can just guarantee $50,000.  

<u>answer b) </u>Since Karen is recording a joint government form she can guarantee a lose of upto $100,000. Karen will have the option to guarantee the whole loss of $67,000.  

<u>answer c )</u> With the stock being bought from another investor as opposed to the sorting out enterprise she can guarantee the whole loss of $67,000 as a captial gain misfortune.  

<u>answer d )</u> B. By selling a segment of the stock in one year and the staying stock in one more year Karen could change over the whole misfortune on the deal to a normal misfortune.

7 0
3 years ago
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