Answer:
Option B fits perfectly,$1.61
Explanation:
Basis earnings per share is the total earnings attributable to common stock divided by the weighted average number of common stock in the year.
Earnings attributable to common is net income minus preferred stock dividends
Net income is $361,000
preferred stock dividend=20,100*$1.70=$ 34,170.00
earnings attributable to common stock=$361,000-$ 34,170=$ 326,830
Weighted average number of common stock is 203,000 shares
basic earnings per share= $326,830/203,000=$1.61
The correct option is B,$1.61
Answer:
Current yield=5.6%
Explanation:
<em>The current yield is the proportion of the current price of a bond earned as annual interest payment.</em>
<em>Current yield = annual interest payment/bond price</em>
<em>Annual interest payment = coupon rate × face value</em>
= 5.44% × $2000
= $108.8
Current yield
= annual interest payment/price
= $(108.8/1,930.36) × 100
= 5.6%
Note we used the annual interest payment nothwithstanding that interests are paid semi-annually
<span><span>1.
</span>With the rise in the cost of machinery or raw
materials, the good becomes more expensive to produce. So the correct option
for this question is option “c”. The cost of machinery and raw materials are
directly proportional to the increase in cost of any goods.</span>
<span><span>
2.
</span>The introduction or advent of new technology lowers
cost and increases supply. So for this question the correct option is “b”. New technology
always helps to increase the production with lowering of cost and that is the
reason behind adopting new technology. </span>
