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REY [17]
3 years ago
7

Net income $160,000 Preferred dividends $10,000 Shares of common stock outstanding 20,000 Market price per share of common stock

$35 The company's earnings per share on common stock is:
Business
1 answer:
Luden [163]3 years ago
4 0

Answer:

The company's earnings per share on common stock is  $7.50

Explanation:

Given data

Net income N = $160,000

Preferred dividends D =  $10,000

common  stock outstanding C = 20,000

Market price P = $35 / share

to find out

earnings per share on common stock is

solution

we will find earning per share that is given by  

Earnings per share = (net income - preferred dividend ) / common  stock outstanding

so now put all these value in this equation we get

Earnings per share =  ( 160,000 - 10,000 ) / 20,000

Earnings per share =  ( 150,000 ) / 20,000

Earnings per share =  7.5

so The company's earnings per share on common stock is  $7.50

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The processes a firm uses to turn inputs into outputs of goods and services is called
Troyanec [42]

The correct answer is technology.

The processes that a firm uses in order to turn inputs into outputs of goods and services is called technology.

6 0
3 years ago
It will cost $7,500 to acquire a cotton candy cart. Cart sales are expected to be $3,800 a year for four years. After the four y
Allushta [10]

Answer:

It will take 1.97 years to payback the machine.

Explanation:

Giving the following information:

It will cost $7,500 to acquire a cotton candy cart. Cart sales are expected to be $3,800 a year for four years.

We need to determine the amount of time required to payback the machine.

Year 1= 3,800 - 7,500= -3,700

Year 2= 3,800 - 3,700= 100

3,700/3,800= 0.97

It will take 1.97 years to payback the machine.

5 0
3 years ago
The Financial Accounting Standards Board has the authority to develop generally accepted accounting principles. Choose the optio
olga2289 [7]

Answer:

d.

Explanation:

Based on the information provided within the question it can be said that the correct steps that are used by the FASB in developing GAAP (generally accepted accounting principles) would be the following: issuing a discussion memorandum, issuing an exposure draft, and issuing a statement of principle. This collection of accounting rules was then adopted by the U.S. Securities and Exchange Commission.

4 0
3 years ago
_____________ is the act of obtaining a desired object from someone by offering something in return.
Vaselesa [24]

Exchange

<span>Exchange is simply the act of the of giving and receiving between two individuals or two groups. A trade is a typical example of an exchange. For instance, if a farmer gives a fixed number of eggs to another farmer for a fixed quantity of cow’s milk, this is an exchange.  Similarly, if a house guest offers to cook and clean in return for free accommodation, this is an exchange. </span>

8 0
3 years ago
Artisanâ Inspiration, Inc. is a merchandiser of stone ornaments. The company sold 6 comma 500 units during the year. The company
aliina [53]

Answer:

206,000

Explanation:

Sales                                             = 590000  

- CGS                                           = 302000  

Gross profit                                                                       = 288,000

Less Operating Expenses:

Sellings and Admin expenses      = 67000  

Freight in                                  =     15000  

Total Operating expenses         =       82000  

Operating Income                                                               =         206,000

CGS = Beginning inventory + Purchases - Ending Inventory

CGS = 43,000 +302,000 - 43,000 = 302,000

5 0
3 years ago
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