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pickupchik [31]
3 years ago
6

Selected information from Gerrard, Inc.’s financial activities in the year 2004 was as follows: Net income was $330,000. The tax

rate was 40%. 700,000 shares of common stock were outstanding on January 1. The average market price per share was $6 in 2006. Dividends were paid in 2006. 2,000 shares of 8% $500 par value preferred shares, convertible into common shares at a rate of 200 common shares for each preferred share, were issued in 2005. 200,000 shares of common stock were issued on March 1. Gerrard, Inc.’s diluted earnings per share (diluted EPS) was closest to:
Business
1 answer:
ValentinkaMS [17]3 years ago
8 0

Answer:

$0.26

Explanation:

diluted earnings per share (EPS) = (net income - preferred dividends) / (weighted average outstanding shares + diluted shares)

net income = $330,000

preferred dividends = 2,000 x $500 x 8% = $80,000. Since the preferred stocks are convertible, they will be considered diluted shares. Therefore, no preferred dividends will be included in the calculation.

weighted average outstanding shares:

  • January 1 = 700,000 x 12/12 = 700,000
  • March 1 = 200,000 x 10/12 = 166,666.7
  • total weighted average = 866,666.7

diluted shares = 2,000 preferred stocks x 200 = 400,000

diluted EPS = $330,000 / (866,666.7 + 400,000) = $0.260526247 ≈ $0.26

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The monetary base is equal to
ss7ja [257]

Answer:

The correct answer is option A.

Explanation:

The monetary base can be defined as the amount of money that is in circulation in the hands of the public or held as reserves by banks.  

The monetary base in an economy is equal to all currency in circulation plus reserves held by banks.  

In other words, it includes highly liquid funds such as coins, notes, and bank deposits.  

The money supply is a broader concept than the monetary base and includes the monetary base and other assets as well.

6 0
2 years ago
According to the path-goal theory of leadership, the level of involvement a manager utilizes should (1) be the same for all empl
harkovskaia [24]

Answer:

1. None of the above

2. All of the above

Explanation:

According to the path-goal theory of leadership, the level of involvement a manager utilizes should (1) be the same for all employees in the department, (2) be either low or high management involvement regardless of the circumstances, and (3) not be influenced by subordinates' expectations. Which statements are correct?

<u>NONE OF THE ABOVE</u>

<u>The Path-Goal theory of leadership stipulates that managers should adapt a leadership style that is employee oriented for the purpose of organizational goal achievement. </u>

<u />

This is an ability issue. When a manager's performance deteriorates because manager's ability has deteriorated. The steps to be taken will be in the order below:

(1) Determine if the resources are adequate,

(2) retrain the individual, and

(3) redesign the job.

<u>All of the above steps are correct in that order</u>

3 0
3 years ago
consider a firm that produces units of output using capital and labor. due to changes in market conditions, it has decided to re
mote1985 [20]

A firm that produces units of output using capital and labor to determine  its total costs will decline by doing so, the firm will evaluate its:<u> Marginal cost Function .</u>

<u></u>

Option C is correct .

Marginal cost is the change in cost due to producing on excess unit of affair. To determine how big its total cost decline, the establishment will estimate its marginal cost function.

<h3>Marginal cost function :</h3>

Marginal cost represents the gradual costs incurred when producing fresh units of a good or service. It's figured by taking the total change in the cost of producing further goods and dividing that by the change in the number of goods produced.Marginal cost is calculated as the aggregate charges needed to manufacture one fresh good. thus, it can be measured by changes to what charges are incurred for any given fresh unit.<u> Marginal Cost</u><u> = Change in</u><u> Total Charges ÷</u><u> Change in volume of Units Produced.</u>

Question is incomplete ,missing option is given below :

Consider a firm that produces units of output using capital and labor. Due to changes in market conditions, it has decided to reduce its daily output from 5 units to 4 units. To determine how much its total costs will decline by doing so, the firm will evaluate its: Group of answer choices

A.marginal product function

B.average product function

C.marginal cost function

D.average total cost function

E.average variable cost function

Learn more about Marginal cost function :

brainly.com/question/17481520

#SPJ4

3 0
1 year ago
Calculate the value of a bond that matures in 16 years and has a $ 1 comma 000 par value. The annual coupon interest rate is 13
spayn [35]

Answer:

$1,069.74

Explanation:

We use the present value formula which is shown in the attachment below:

Data provided in the question

Future value = $1,000

Rate of interest = 12%

NPER = 16 years

PMT = $1,000 × 13% = $130

The formula is shown below:

= -PV(Rate;NPER;PMT;FV;type)

So, after solving this, the value of the bond is $1,069.74

7 0
3 years ago
Child labor is permitted and widely employed in Country X. A multinational company entering Country X decides to employ minors i
FromTheMoon [43]

Answer:

D : Cultural relativism

Explanation:

Cultural relativism is an idea that an action should be viewed in the context of the socio-cultural environment in question. If child labor is permitted in Country X, it implies that rival companies and competitors who use child labor will experience cheaper production cost and unless the multinational company does same, it may face the need to pul out of the market.

4 0
2 years ago
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