Classify each of the following statements as positive or normative. Statement Positive Normative.

During the current year, Comma Co. had outstanding: 25,000 shares of common stock; 8,000 shares of $20 par, 10% cumulative prefe

Sergeu [11.5K]

Answer:

The Comma’s basic earnings per share for the current year was $7.36

Explanation:

The computation of the earning per share is shown below

Earning per share = (Net income - preferred dividend) ÷ (Number of shares)

where,

Net income is $200,000

Preference dividend = Number of shares × price per share × rate

= 8,000 shares × $20 × 10%

= $16,000

And, the number of outstanding shares is $25,000

Now put these values to the above formula

So, the value would equal to

= ($200,000 - $16,000) ÷ (25,000 shares)

= $184,000 ÷ 25,000 shares

= $7.36 per share

3 0

3 years ago

"what tends to be the most effective source of information when consumers make a buying decision?"

Alex73 [517]

The most likely effective source of information when consumers make in deciding what to buy is the personal sources. Personal sources are sources that come from one's self in which greatly affects how an individual thinks because the information he or she has or what he or she thinks would likely be in favor or affect what the person's decision on a particular thing than of other people.

7 0

3 years ago

If a country has an economy where people can buy and sell freely, but the government sets some price restrictions and regulation

dusya [7]

It is C because in a mixed market the people can manufacture goods and services and the government decides what price that good or service is going to be sold at

7 0

3 years ago

At the end of the 2017 fiscal year the General Fund had $500 in encumbrances that remained opened into fiscal year 2018. In 2018

katen-ka-za [31]

Answer:

$20 will be recorded as the 2018 expenditure.

Explanation:

In this case, $500 is the remaining in the General Fund for 2017 fiscal year in encumbrances that remained opened into fiscal year 2018.

In 2018, since encumbered goods were received at an invoiced cost of $520, $20 will be recorded as the 2018 expenditure after deducting the carry-forward of 2017 encumbered fund balances of 2017.

First balances carry-forwarded are utilized and then the funds allocated to the General fund for the current fiscal i.e 2018 is utilized. Hence the actual amount that would be recorded as the 2018 expenditure will be $520 - $500 carry forward from 2017 = $20.

6 0

3 years ago

Shareholders are selfless benefactors who are interested only in the growth of the business.

kap26 [50]

Answer:

FALSE

Explanation:

Shareholders can definitely be interested in the growth of the business as well as other aspects.

5 0

3 years ago

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