1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kozerog [31]
3 years ago
6

A company reported net income of $9,660,000 for the year. There were 4.1 million shares of common stock outstanding at the begin

ning of the year and 4.3 million shares outstanding at the end of the year. No dividends were declared during the year. What is the company’s earnings per share (EPS) for the year? (
Business
1 answer:
AURORKA [14]3 years ago
6 0

THE COMPANY'S EARNING PER SHARE FOR THE YEAR WILL BE $2.30 PER SHARE.

Explanation:

FOR CALCULATING EARNING PER SHARE WE HAVE TO USED THE FOLLOWING FORMULA:

EARNING PER SHARE = \frac{NET INCOME}{AVERAGE OF COMMON STOCK}

GIVEN:

NET INCOME = $9,660,000

NO. OF OUTSTANDING SHARE AT BEGINNING OF YEAR = 4,100,000

NO. OF OUTSTANDING SHARE AT END OF YEAR = 4,300,000

AS PER GIVEN FORMULA :

AVERAGE COMMON STOCK OUT  STANDING = \frac{4,100,000+4,300,000}{2} = 4200000 SHARES

NOW WE WILL FIND EARNING PER SHARE USING ABOVE FORMULA:

                 \frac{9,660,000}{4,200,000}

EARNING PER SHARE  = $ 2.30 PER SHARE

You might be interested in
You are the beneficiary of a life insurance policy. the insurance company offers two options for receiving the proceeds: a lump
r-ruslan [8.4K]
Take the $550 per month for monthly income as after ten years it would reach the same amount just in a longer period of time
8 0
3 years ago
The video mentions how firms compete on price point, store design, and the product itself. These are all elements of a firmâs:__
vladimir2022 [97]

Answer:

Marketing mix

Explanation:

The marketing mix is a combination of product, price, place, and promotion. The marketing mix is also called 4Ps. These factors determine the marketing strategy through which they get to know their position in the market.  

The price is the value which is given to the customers

The product is the item which is to be shown to the customers

The place is the location in which the product is sold to the customers

And the last is a promotion in which the product is communicated to the end numbers of people either by word of mouth, by adverting, etc

                                   

8 0
3 years ago
The concept of utility is fundamental to utilitarianism and describes the a. optimal distribution of wealth in society. b. level
alisha [4.7K]

Answer: level of satisfaction derived from a person's circumstances.

Explanation:

The utility a consumer derives from a product/service is the measure of the level of satisfaction the consumer derive from the product/service chosen. Utility can also be defined as the level of usefulness of a product to an end user.

7 0
3 years ago
Lakesha does not have enough in her bank account to use a debit card for the purchase of a bike she needs to get to work. She ha
Bezzdna [24]

Answer:

]-0]-]'-0]

Explanation:

7 0
3 years ago
The invention of photography was initially important because:
marin [14]

Answer:

D. it helped artists, scientists, and journalists communicate in a new  way.

Explanation:

The invention of photography helped in preserving the images and storing them for the future. Photography helped in the creation of a new medium of communication. The movement led towards the development in the field of history, science, art, and industry. The information can be archived and stored. Also, photography led to the new way of perceiving things from the eyes of the photographer and the journalists. It gave a new outlook to the artists to present their art forms.

4 0
3 years ago
Other questions:
  • Ihi ta 101 from the viewpoint of the world health organization, “health” is defined as:
    15·1 answer
  • Present value​ (with changing interest​ rates). Marty has been offered an injury settlement of ​$12 comma 000 payable in 3 years
    14·1 answer
  • Which of the following statements describes GAAP?
    5·2 answers
  • Resolve (7x+19)/(x+1)(x+5) into partial fraction​
    5·1 answer
  • Mark owns stock in Walgreens. He has the right to vote on company issues and examine corporate records, and he receives dividend
    8·1 answer
  • Middleton Corporation uses the normal costing system to determine the amount of overhead to be applied to production. The predet
    9·1 answer
  • Which of these can lower the amount of monthly payments on a mortgage?
    9·2 answers
  • URL in brainly......how its changed
    5·1 answer
  • If bank customers decided as a group to pay off their loans and not take out any new loans, ceteris paribus: Group of answer cho
    15·1 answer
  • List the five elements of a firm's macroenvironment, and illustrate how each element affects the firm.
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!