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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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The Supreme Court separated the "mandatory" element of the Federal Sentencing Guidelines for Organizations from their advisory r
Alla [95]

Answer:

C) violated the Sixth Amendment right to a jury trial.

Explanation:

Federal Sentencing Guidelines should be guided by the following principles:

  • The court should order the organization to remedy any harm caused.
  • If the primary purpose of the organization was to commit crimes, then the court should set a fine that strips away all the assets from the organization.
  • The court should set fines based on how serious the offenses were and the degree of culpability of the organization.
  • The court can impose a probation sentence if it believes that the organization will take steps to reduce the likelihood of future criminal conduct.

The sentencing guidelines should offer incentives for organizations to eliminate criminal conduct.

7 0
3 years ago
Which of the following activities would be most helpful in figuring out what your company's competitive advantages are?
Dennis_Churaev [7]
Checking your profits vs expense, and seeing which areas generate more profit. From there, you can choose between putting more money into the areas that are more profitable to you & decreasing the amount of money into areas that don't do as well, or continue another season to see if it is the same (as results can vary depending on the supply vs demand)

hope this helps
8 0
3 years ago
Harley-Davidson motorcycle owners, who pay a price premium for their motorbikes, have formed the Harley Owners Group (HOGs), who
Elan Coil [88]

Answer:

A) Functional and social value

Explanation:

Seeing the benefit that customers attribute to products is a marketing strategy to optimize sales and establish a brand that customers identify with. In this case, motorcyclists experience functional benefit and social benefit.

The functional benefit concerns the essential characteristics of the product, such as physical characteristics that please the consumer (eg the motorcycle scooter design). The social benefit is associated with the pleasure that the customer gets when purchasing the product. This is an individual benefit for each consumer, however, is an extrinsic advantage attributed to the product. For example, the status that the motorcycle brings to its owner.

5 0
3 years ago
Starbucks' efforts to expand its distribution beyond traditional outlets, including other restaurant chains, hotels, airlines, u
sweet-ann [11.9K]

Answer: False

Explanation:

Starbucks efforts to expand have yielded fruit as it is now more accessible to its ever increasing customer base which is as a result of the brand's recognition and reputation.

They are now more successful as a result and this is proven by the fact that Starbucks revenue has been rising since 2013 from around $14 billion to $26.5 billion in 2019.

8 0
3 years ago
Peter's Audio has a yield to maturity on its debt of 7.8 percent, a cost of equity of 12.4 percent, and a cost of preferred stoc
nadezda [96]

Answer:

WACC = 9.22%

Explanation:

after tax cost of debt = 7.8% x (1 - 34%) = 5.148%

Re = 12.4%

cost of preferred stock = 8%

total value:

105,000 common stocks x $22 = $2,310,000

25,000 preferred stocks x $45 = $1,125,00

$1,500,000 bonds x 0.98 = $1,470,000

total value = $4,905,000

capital structure:

common stocks = $2,310 / $4,905 = 47.09%

preferred stocks = $1,125,00 / $4,905 = 22.94%

debt = $1,470,00 / $4,905 = 29.97%

WACC = (47.09% x 0.124) + (22.94% x 0.08) + (29.97% x 0.05148) = 9.22%

8 0
3 years ago
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