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expeople1 [14]
3 years ago
7

In 2020, Sandhill Co. reported a discontinued operations loss of $1160000, net of tax. It declared and paid preferred stock divi

dends of $120000 and common stock dividends of $355000. During 2020, Sandhill had a weighted average of 500000 common shares outstanding. As a result of the discontinued operations loss, net of tax, the earnings per share would decrease by
Business
2 answers:
Strike441 [17]3 years ago
7 0

Answer:

The correct answer is 2.32.

Explanation:

According to the scenario, computation of the given data are as follow:-

We can calculate the decrease in earning per share due to loss in disconnected operations by using following formula:-

Decrease in Earning Per Share Due to Loss in Disconnected Operations = Discontinued Operation Loss ÷ Weighted Average Common Share Outstanding

By putting the value, we get

=$1,160,000 ÷ $500,000

= 2.32

gulaghasi [49]3 years ago
6 0

Answer:

$2.32

Explanation:

Data provided

Discontinued operations loss = $1,160,000

Common shares outstanding = 500,000

The computation of earnings per share is shown below:-

Decrease in earning per share due to loss in discontinued operations =  Discontinued operations loss ÷ common shares outstanding

= $1,160,000 ÷ 500,000

= $2.32

Therefore for computing the decrease earning per share we simply appplied the above formula.

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Because of an accident Royce was involved in, his insurance company has increased his annual premium for auto insurance by 5. 2%
PSYCHO15rus [73]

Premium is often paid by people based on some kinds of services offered.

From the picture attached, we can see Royce' premiums for the previous year, which were;

  • Bodily injury $22.50
  • Property damage $144.75
  • Collision $275.75
  • Comprehensive $100

If you add all together, the total premium of the policy was $543

Note that the premiums will increase by 5.2%,

therefore, the new total premium will be = $543 x 1.052 = $571.24

Learn more from

brainly.com/question/13880376

7 0
2 years ago
Panner, Inc., owns 35 percent of Watkins and applies the equity method. During the current year, Panner buys inventory costing $
ziro4ka [17]

Answer: $2289

Explanation:

First, we have to calculate the gross percentage which would be:

= (Revenue - Cost of goods sold) Revenue

= ($124000 - $86800) / $$124000

= 30%

Therefore, the amount of gross profit must Panner defer in reporting this investment using the equity method would be:

= ($21800 × 30%) × 35%

= $21800 × 0.3 × 0.35

= $2289

6 0
3 years ago
Global market channels involve a firm producing goods in:______
topjm [15]

Answer:

A. Their home country and exporting them to other countries.

Explanation:

A global market channel generally explains the production of commodities by a certain or group of firms and goods by a home country and exporting them to other countries. This is seen generally in the production of phones, laptops, tv brands refrigerators and a whole lot of products amongst tier 1 or tier 2 countries and are been shipped to lowest their countries and other tier countries. This is seen to boost the economy and international trade friendship of either countries though the country at the recieving end is loosing per capital but at the end, we need each other to grow and live.

3 0
4 years ago
Geneva needs additional capital to launch her business but does not want to share management responsibility with partners. Neith
Talja [164]

Answer:

The answer is: C) S corporation

Explanation:

Geneva should choose an S Corporation. In my opinion she should do it because corporate income, losses, deductions, and credits are passed through to its shareholders, while it can be managed like a normal corporation.

If she chooses a Limited Liability Partnership she would still have to share management responsibility with her partners and C Corporations are heavily taxed. If she had enough money she could start a sole proprietorship business, but she doesn't have enough money.

5 0
3 years ago
Bank statements, credit statements, and records of cash expenses help you to estimate your ________.1.credit score2.emergency fu
prisoha [69]

Answer:

4. Available investments

Explanation:

To enable me estimate my available investments, I need my bank statements, credit statements and record of cash expenses

5 0
3 years ago
Read 2 more answers
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