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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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midshipmen Company borrows $17,500 from Falcon Company on July 1, 2021. Midshipmen repays the amount borrowed and pays interest
irina [24]

Answer:

                                        Debit                            Credit

July 2021

Cash                                 17,500

Loan payable                                                        17,500

June 30, 2022

Loan Payable                   17,500

Interest payable                 2,100

Cash                                                                     19,600

Adjusting Entry's

                                         Debit                                Credit

Interest expense               1050

Interest Payable                                                            1050

Explanation:

Interest for the year = 0.12*17500=2100

Interest expense 2021= 6/12*2100= 1050

6 0
3 years ago
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A credit card issuer charges an apr of 13.50%, and its billing cycle is 30 days long. what is its periodic interest rate?
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A would be your best answer. Hope I helped!
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erastovalidia [21]

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Hedge funds are: high risk, even though they may be market-neutral.

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An investor whose highest priority is getting the largest gains possible, even if
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Answer: A. Hedge funds

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