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marusya05 [52]
3 years ago
10

Farah Snack Co. has earnings after taxes of $108,750. Interest expense for the year was $20,000; preferred dividends paid were $

18,750; and common dividends paid were $30,000. Taxes were $15,000. The firm has 100,000 shares of common stock outstanding. Earnings per share on the common stock was?
Business
1 answer:
mars1129 [50]3 years ago
7 0

Answer:

$0.9

Explanation:

Data provided in the question:

Earnings after taxes = $108,750

Interest expense for the year = $20,000

Preferred dividends paid = $18,750

Common dividends paid = $30,000

Common stock outstanding = 100,000 shares

Now,

Earning available on common stock

= Earnings after taxes - Preferred dividends paid

= $108,750 - $18,750

= $90,000

Therefore,

Earnings per share on the common stock

= Earning available on common stock ÷ Common stock outstanding

= $90,000 ÷ 100,000

= $0.9

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Answer: Whether consent was voluntary

Explanation:

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The essential element of a valid contract has Sondra not yet considered is whether consent was voluntary. This is important as they je must not be forced to sign a contract.

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3 years ago
Sylvester Motors Inc. has the following balances at the end of the accounting period:
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Answer:

C $49,000

Explanation:

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2 years ago
The Style of leadership uses a hands-off approach,allowing the group to direct itself. Authoritarian. Democratic. Laissez-faire
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The correct answer is Laissez-faire.

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8 0
3 years ago
Read 2 more answers
Neptune Company produces toys and other items for use in bthe following and resort areas. A small, inflatable toy has come onto
Sergeu [11.5K]

Break-even point (in dollar sales):

Determine the monthly break-even point for the new toy in dollar sales as shown below:

Break-even point (in sales dollars) = Break-even point (in units) × Selling price per unit

=50,115 units $2.60 each

= $130,299

Thus, the break-even point (in sales dollars) is $130, 299.

The break-even point is the point at which total costs equal total sales. In other words, there is no loss or profit for small businesses. This means that we have reached a stage of production where the cost of production equals the revenue of the product. A breakeven point is used in multiple areas of business and finance.

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8 0
1 year ago
Sue now has $490. How much would she have after 8 years if she leaves it invested at 8.5% with annual compounding?
Alina [70]

Answer:

c.$941.10

Explanation:

Calculation for How much would she have after 8 years

Using this formula

FV = PV(1+i)^n

FV represent future value

PV represent present value

i represent interest rate

n represent number of periods

Let plug in the formula

FV = 490(1 + .085)^8

FV= $941.10

Therefore How much would she have after 8 years will be $941.10

3 0
2 years ago
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