Answer:
a. $1,290,000
b. $3.80
Explanation:
a. The computation of the net income is shown below:
= Net income - preference dividend
= $1,500,000 - $210,000
= $1,290,000
b. The earning per share is shown below:
= (Net income) ÷ (weighted-average shares of common stock)
= ($1,290,000) ÷ (340,000 shares)
= $3.80
Simply we apply the net income formula after considering the preference dividend and then earning per share is computed
Answer:
The statement is: True.
Explanation:
Ethics is the field of philosophy that studies human behavior, what is right and what is wrong, the good and bad, the moral, well being, virtue, happiness, and duty and how they affect the day by day activities of individuals according to the society they live in.
One of the reasons to study ethics is to verify if the beliefs we already hold can be justified.
Based on the retained earnings for the four years, the average dividend payment per year was $700.
<h3 /><h3>What was the average amount of dividends?</h3>
This can be found as:
= Dividend payment for four years / 4 years
Dividend payment for four years:
= Net income - retained earnings
= (6,000 + 4,000 + 7,000 - 3,000) - 8,400
= $5,600
Average dividends:
= 5,600 / 4
= $1,400
#SPJ1
Find out more on dividend payments at brainly.com/question/25845157.
Answer:
False.
Explanation:
This statement is false, because perfectly competitive markets are those where there are a variety of buyers and sellers available, which may mean that there are similar products on the market, but sellers are not able to influence the market price, which what happens in a perfectly competitive market is that companies are the price takers, they do not have the power to influence the price, since there are a large number of competitors and each one has a share in the market, since the products offered are little differentiated and there are no barriers to market entry.
