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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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Tom [10]

Answer:

The correct answer is b. Grit.

Explanation:

On many occasions, the main enemies of our dreams inhabit ourselves: conformism, apathy, disappointment and resignation. Many dreams lack planning, money, time and personal conviction about one's own abilities. All this goes against the entrepreneurial mindset.

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3 years ago
Which step is most important for a project to close
Alona [7]
The most important to close project is clean up
4 0
2 years ago
A fixed asset with a cost of $30,000 and accumulated depreciation of $28,500 is sold for $3,500. What is the amount of the gain
Maksim231197 [3]

The amount of the gain or loss on disposal of the fixed asset is $2,000.

<h3>Gain or loss on disposal </h3>

First step

Book Value = Original Cost of Equipment - Accumulated Depreciation

Book Value = $30,000 -$28,500

Book value= $1,500

Second step

Gain=Sale Price -Book Value

Gain=$3,500-$1,500

Gain=$2,000

Inconclusion the amount of the gain or loss on disposal of the fixed asset is $2,000.

Learn more about gain or loss on disposal of asset here:brainly.com/question/14542603

8 0
2 years ago
Who will receive the vaccines if the university health center sells them for the $20.00 market price?
Vesna [10]

The students who will receive the vaccines if the University Health Center sells them for $20.00 are the students who will pay for them at that price.

<h3>Who will receive the vaccines?</h3>

The University Health Center has set a price of $20.00 for the vaccines which means that if a person wants a vaccine, they need to pay $20.

The people who will receive the vaccines therefore, are those students who are willing to pay for the vaccines at the price of $20.00.

Full question is:

University Health Center receives 500 flu vaccinations at the beginning of each flu season. Suppose they offer these vaccines for $20.00 each. Assume that college students have varying budgets, some have some money to spare, some are on a very tight budget. Some students have pre‑existing conditions, such as asthma and diabetes, that place them at high risk for the flu.

Who will receive the vaccines if the University Health Center sells them for this price?

  • the students who will pay for them at that price
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Find out more on market pricing at brainly.com/question/12960067.

#SPJ1

8 0
1 year ago
Bramble Corp. purchased land as a factory site for $1305000. Bramble paid $121000 to tear down two buildings on the land. Salvag
AURORKA [14]

Answer:

Part 1

$1,422,940

Part 2

$331,480

Explanation:

cost of the land calculation

Purchase Price                             $1305000

Cost to tear down building             $121000

Sale of Salvages                               ($8400)

Leagl fees                                           $5340

Total                                            $1,422,940

The cost of the land that should be recorded by Wilson Co. is: $1,422,940

cost of the building calculation

Architect's fees               $47000

Insurance                          $3900

Liability insurance            $4200

Excavation cost               $15480

city for pavement             $9900

Borrowing Costs           $251000

Total                              $331,480

The cost of the building should be recorded by Wilson Co. is $331,480

4 0
2 years ago
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