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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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What is a likely result of an increase in trade between nations?
torisob [31]

Answer:

C

Explanation:

The prices will lower and the the amount of goods will increase

5 0
3 years ago
sending e-mails reminding prospects that AdVance can mix custom fertilizer formulations determining what information is still ne
Ivenika [448]

Full question :

AdVance Corporation is a company that formulates and manufactures fertilizersfor the farming industry. The company produces several standardized formulas that canbe purchased directly through the retail arms of the company, but it also formulatescustom fertilizers for farms.Which of the following is the best use of a CRM system for an AdVance salesperson interms of relationship strategy?

sending regular e-mails to customers to check on the performance of a previously purchased AdVance fertilizer

determining what information is still needed to complete the customer's file

tracking the salesperson's activities and sales on a weekly and monthly basis

sending e-mails reminding prospects that AdVance can mix custom fertilizer formulations

remembering customers' birthdays to send them cards to maintain a personal connection and request referrals

Answer:

sending regular e-mails to customers to check on the performance of a previously purchased AdVance fertilizer

Explanation:

The most effective use of the CRM(customer relationship management system) from the options listed is the follow up on customers to know how they perceive Advance fertilizer's product after having purchased and used it. This has a long list of benefits for Advance fertilizer as they can get customer feedback from customers through this, build relationship with them as well as gather more data to improve on their products in the future

8 0
2 years ago
Jimmy knows that to pass the fitness test he needs to be able to run 5 kilometers in 35 minutes. His pace monitor measures in mi
slega [8]

Answer:

The answer is option (c), no he will not pass because he is running 4.8 miles in 35 minutes

Explanation:

This can be expressed as;

Speed=Distance/Time

where;

Distance to be covered=5 kilometers

Time=35 minutes

replacing;

speed=(5/35)=0.143 km/min

In order to pass the fitness test his speed has to be greater than 0.143 km/min

Determine if 3 miles per 35 minutes is greater than 0.143 km/min

I mile=1.6 kilometers

How many kilometers make 3 miles,

Jimmy runs=(3×1.6)=4.8 kilometers in 35 minutes

Speed=4.8/35=0.137 kilometers/minute

Speed jimmy runs (0.137 km/min)<the pace he needs to run to pass fitness test(0.143 km/min)

The answer is option (c), no he will not pass because he is running 4.8 miles in 35 minutes

4 0
3 years ago
Read 2 more answers
You purchase a 30-year, zero-coupon bond for a price of $25. The bond will pay back $100 after
Reil [10]

Answer:

annual compounded return = 4.73 %

so correct option is D) 4.73%

Explanation:

given data

present value = $25

future value = $100

time = 30 year

to find out

annual compounded return

solution

we get here annual compounded return that is express as

annual compounded return = (\frac{FV}{PR} )^{\frac{1}{t}} - 1    ............1

here t is time period and FV is future value and PV is present value

so put here all value in equation 1 we get

annual compounded return = (\frac{100}{25} )^{\frac{1}{30}} - 1

annual compounded return = 0.047294

annual compounded return = 4.73 %

so correct option is D) 4.73%

6 0
3 years ago
EA1.
Akimi4 [234]

Answer:

Explanation:

ummmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm'

5 0
3 years ago
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