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iVinArrow [24]
3 years ago
5

Hardaway Fixtures' balance sheet at December 31, 2020, included the following: Shares issued and outstanding: Common stock, $1 p

ar $ 1,040,000 Nonconvertible preferred stock, $50 par 15,000 On July 21, 2021, Hardaway issued a 25% stock dividend on its common stock. On December 12, it paid $65,000 cash dividends on the preferred stock. Net income for the year ended December 31, 2021, was $4,400,000. Required:Compute Hardaway's earnings per share for the year ended December 31, 2021.
Business
1 answer:
Novay_Z [31]3 years ago
7 0

Answer:

$3.33 per share

Explanation:

Given that,

Common stock, $1 par = $1,040,000

Stock dividend = 25% on its common stock

Net income = $4,400,000

Dividend paid to stockholder's = $65,000

Stock dividend:

= Shares at January 1 × 25%

= 1,040,000 × 25%

= 260,000 shares

Earnings per share:

= (Net income - Preferred dividend) ÷ (Shares at January 1 + Stock dividend)

= ($4,400,000 - $65,000) ÷ (1,040,000 shares + 260,000 shares)

= $4,335,000 ÷ 1,300,000

= $3.33 per share

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Countries that are partly industrialized but extract profits from poor countries to pass on to core countries are called?
Alenkasestr [34]

Semiperipheral countries. they have traditional values and institutions.

<h3>What is Semi-periphery countries?</h3>
  • According to world-systems theory, the industrialising, primarily capitalist countries that are situated halfway between the periphery and the core countries are the semi-periphery countries, also known as merely the semi-periphery.
  • Semi-periphery countries are frequently situated physically between core and peripheral regions as well as between two or more competing core regions.
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<h3>What do you mean by semi-peripheral regions?</h3>
  • Semi-peripheral areas in world systems theory are those that are situated halfway between the core and the peripheral.
  • The organisational structure of these nations or areas is made up of both core and peripheral nations, and they are frequently situated geographically between two or more core nations.

Learn more about Semi-periphery countries here:

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5 0
1 year ago
Selected current year company information follows:
koban [17]

Answer:

b. 2.81 times

Explanation:

Calculation to determine Total stockholders' equity, end-of-year 121,851

Total asset turnover is:

First step is to calculate the Total assets

Beginning Ending

Total liabilities $83,932 $103,201

Total equity 198,935 121,851

Total assets $282,867 $225,052

Now let determine the Total asset turnover

Total asset turnover = $712,855/[($282,867 + $225,052)/2]

Total asset turnover= 2.81 Times

Therefore Total stockholders' equity, end-of-year 121,851

Total asset turnover is:2.81 Times

6 0
3 years ago
If the fed wishes to increase the money supply then it should: increase the required reserve ratio. increase the discount rate.
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Your friend Kayla calls you and says "Don’t open the email you received from my email account! Something is wrong with my comput
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Answer: spoofing or phishing

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Hence from the above we can conclude that the given case relates to spoofing or phishing.

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