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Luba_88 [7]
2 years ago
5

Salt Company reports net income of $360 million for 2017; the company's tax rate is 40%. At the beginning of the year, 200 milli

on common shares were outstanding. On July 1, Salt sold an additional 80 million shares and on October 1 distributed a 10% stock dividend. On December 1, the company reacquired 24 million of its outstanding shares.
a. The company's weighted-average shares for the purpose of calculating basic EPS will be ____________.
Business
1 answer:
vivado [14]2 years ago
7 0

The company's weighted-average shares for the purpose of calculating basic EPS will be $1.80

Explanation:

  • Salt Company reports net income of $360 million for 2017; the company's tax rate is 40%. At the beginning of the year, 200 million common shares were outstanding.
  • On July 1, Salt sold an additional 80 million shares and on October 1 distributed a 10% stock dividend.
  • On December 1, the company reacquired 24 million of its outstanding shares.
  • Salt Company reports net income= $360
  • 200 million common shares were outstanding
  • EPS = \frac{360}{200} = $1.80
  • The company's weighted-average shares for the purpose of calculating basic the EPS will be $1.80
  • Earnings per share (EPS) is a company's net profit which is divided by the number of common shares.

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TiliK225 [7]

Answer:

D. Ingestion

Explanation:

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8 0
3 years ago
Mary wants to help pay for beth's education(her granddaughter). she has decided to pay for  half of the tuition costs, which are
STALIN [3.7K]

First, you have to calculate the amount of tuition when the student reaches age 18. Do this by multiplying $11,000 by 1.07 each year from age 12 until it reaches age 18. Thus, 7 times.

At age 18: 16,508

At age 19: 17,664

At age 20: 18,900

At age 21: 20,223


Then, we use this formula:

A = F { i/{[(1+i)^n] - 1}}

where A is the monthly deposit each year, F is the half amount of the tuition each year illustrated in the first part of this solution, n is the number of years lapsed.

At age 18:

A = (16508/2) { 0.04/{[(1+0.04)^6] - 1}} = $1,244.389 deposit for the 1st year

Ate age 19

A = (17664/2) { 0.04/{[(1+0.04)^7] = $1,118 deposit for the 2nd year

At age 20:

A = (18900/2) { 0.04/{[(1+0.04)^8] = $1,025 deposit for the 3rd year

At age 21:

A = (18900/2) { 0.04/{[(1+0.04)^8] = $955 deposit for the 4th year

3 0
3 years ago
Mars Inc. produces 100,000 boxes of Snickers bars which sell for $4 a box. If variable costs are $3 per box, and it has $150,000
IceJOKER [234]

Answer:

It should continue the production in the short-run.

Explanation:

Given the unit produced by Mars Inc. = 100000 boxes.

The selling price of boxes = $4 per box.

The variable costs = $3 per box.

The fixed costs = $150000

The total sales revenue = number of boxes × selling price

= 100000 × 4

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In the short run, the firm should continue its production because it still covers the variable costs.

8 0
2 years ago
At the beginning of a recent year, JetBlue's assets were $7,071 million and its equity was $1,757 million. During the year, asse
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Answer:

JetBlue's equity at the end of the year was $1,888 million

Explanation:

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During the year, assets decreased by $1 million and liabilities decreased by $132 million.

At the end of the year:

JetBlue's assets = $7,071 - $1 = $7,070 million

JetBlue's liabilities = $5,314 - $132 = $5,182 million

JetBlue's equity = JetBlue's assets - JetBlue's liabilities = $7,070 - $5,182 = $1,888 million

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