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Budget means basically like you have a only a certain amount of money you can use, for example. “I have a 50$ budget” this means that I can only spend up to 50$ on that certain thing.
The correct answer would be B. Depreciation
Answer:
the company’s basic EPS is $37.14
Explanation:
Basic Earnings per share = Earnings attributable to holders of common stock ÷ Weighted Average Number of Common Stocks
<u>Step 1 : Calculation of Earnings attributable to holders of common stock</u>
This is given. It is the Net Income during the current year of $260,000
<u>Step 2 : Calculation of Weighted Average Number of Common Stocks</u>
Outstanding Stocks at the beginning of the year 10,000
Less Sold Stocks - On Weight Basis (6/12 × 6,000) 3,000
Weighted Average Number of Common Stocks 7,000
Therefore,
Basic Earnings per share = $260,000 ÷ 7,000
= $37.14
Are you talking about car collision? If you are the answer would be drunk driving and/or distracted driving which both fall under the same category.
