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bogdanovich [222]
4 years ago
10

Flyaway Travel Company reported net income for 2021 in the amount of $90,000. During 2021, Flyaway declared and paid $2,125 in c

ash dividends on its nonconvertible preferred stock. Flyaway also paid $10,000 cash dividends on its common stock. Flyaway had 40,000 common shares outstanding from January 1 until 10,000new shares were sold for cash on April 1, 2021. What is 2021 basic earnings per share
Business
1 answer:
Jlenok [28]4 years ago
4 0

Answer:

$1.85

Explanation:

Fyaway travels reported a net income of $90,000 for the year 2021

During 2021 they declared and paid a cash dividend of $2,125

They also paid $10,000 as cash dividend in common stock

Flyway has 40,000 shares outstanding

Therefore the 2021 basic earning per share can be calculated as follows

$90,000-2,125

= $87,875

40,000 shares+(10,000 shares×9/12)

40,000 shares +(10,000×0.75)

40,000+7500

= 47,500

87,875/47,500

= $1.85

Hence the basic earning per share for 2021 is $1.85

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during the 1980's, the price of one share of Johnson and Johnson stock rose from $17 1/4 to $56 1/8. how much money would you ha
Andre45 [30]

Given:

Price of one share in 1980 = $17\dfrac14

Price of one share in 1989 = $56\dfrac18.

To find:

How much money would you have made if you bought 100 shares of Johnson & Johnson stock in 1980 and sold it in 1989?

Explanation:

Using the given information,

Change in the value of each share = 56\dfrac18-17\dfrac14

                                                          = \dfrac{448+1}{8}-\dfrac\dfrac{68+1}{4}

                                                          = \dfrac{449}{8}-\dfrac\dfrac{69}{4}

                                                          = \dfrac{449-138}{8}

                                                          = \dfrac{311}{8}

Value of one share increased by $\dfrac{311}{8}.

Value of 100 shares increased by = 100\times \dfrac{311}{8}

                                                        = \dfrac{31100}{8}

                                                        = \dfrac{7775}{2}

                                                        = 3887.5

Therefore, you would have made $3887.5 if you bought 100 shares of Johnson & Johnson stock in 1980 and sold it in 1989.

4 0
3 years ago
Torque roz, an automobile company, uses a unique tire design on its vehicles. a rival company was found copying the exact design
Kitty [74]
Torque toz's unique tire design is a registered trademark
5 0
3 years ago
The preemptive right is important to shareholders because it a. protects bondholders, and thus enables the firm to issue debt wi
Rom4ik [11]

Answer:

b. protects the current shareholders against a dilution of their ownership interests.

Explanation:

Shares are ownership interests that are owned by business owners and measures the degree to which an individual has a stake in a company.

Preemtive right occurs when a shareholder has a right to purchase a particular portion of newly issued shares.

For example if an individual has 40,000 shares and additional 250,000 shares are issued, he can have the right to purchase an additional 30,000 of the new shares.

The preemtive right prevents dilution of ownership interests by ensuring old stockholders have a stake in newly issued shares.

7 0
3 years ago
True or false?A call provision gives bondholders the right to demand, or "call for," repayment of a bond. Typically, companies c
Alex787 [66]

Answer:

False.

Explanation:

A call provision is a stipulation on the contract of a bond that allows the issuer to repurchase and retire debt security. A bind indenture states circumstances that can trigger a call, for example if underlying asset gets to a preset price.

In the question it stated that the bond holder can demand for a call. This is untrue as only the issuer has the right to request a call.

If the bondholder wants to dispose of his shares he will do so through the secondary market and not by requesting a call.

4 0
3 years ago
What was a factor in Pilgrim's success in their new colony?
MrMuchimi

Answer:

D) Anagreement with the local Native Americans is the correct option.

Explanation:

The Plymouth colonists acted on the behalf of the King James First allied with the chief of Wampanoags. By the treaty, both parties agreed not to hurt one another. It was the first treaty signed between the native Americans and the colonists. As per the treaty, if any Wampanoag violated the treaty, he would be sent to Plymouth as punishment. and if a colonist broke the punishment he would be sent to the Wampanoags. The treaty was signed in 1621 and lasted for 50 years.

4 0
3 years ago
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