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
hram777 [196]
3 years ago
11

On December 31, 2020, the Bennett Company had 105,000 shares of common stock issued and outstanding. On July 1, 2021, the compan

y sold 18,000 additional shares for cash. Bennett's net income for the year ended December 31, 2021, was $580,000. During 2021, Bennett declared and paid $77,000 in cash dividends on its nonconvertible preferred stock. What is the 2021 basic earnings per share
Business
1 answer:
fredd [130]3 years ago
6 0

$4.40 per share

Explanation:

The computation of the earning per share is shown below:

Earning per share = (Net income - preference dividend) ÷ (Weighted average of number of shares)

where,

Net income is $640,000

Preference dividend is $72,000

And, the weighted average number of share is

= 120,000

You might be interested in
Model 25% with a 10×10 grid.
diamong [38]
It will be 4 I think check your work I don’t know
4 0
3 years ago
In the presence of sunlight plants use photosynthesis to transform water and a carbon dioxide into sugar and oxygen Why then is
DochEvi [55]

Plants employ photosynthesis to convert water, sunshine, and CO2 into oxygen and simple sugars that the plant may use as fuel. It  is it important to add fertilizer to some soils because fundamental producers serve as the foundation of an ecosystem, fueling the subsequent trophic levels.

<h3>What is the photosynthesis process?</h3>

In the photosynthesis process, plants absorb carbon dioxide (CO2) and water (H2O) from the air and soil during photosynthesis. Water is oxidative within the plant cell, which means it loses electrons, but carbon dioxide is reductive, which means it receives electrons.

This converts water to oxygen and nitrogen to glucose. Photosynthesis is often used by plants to transform water, sunlight, and CO2 into oxygen and simple carbohydrates that the plant may utilize as fuel.

Therefore, Some soils require nutrients because basic producers contribute as the base of an ecosystem, feeding succeeding trophic levels.

Learn more about the photosynthesis, refer to:

brainly.com/question/1757345

#SPJ1

5 0
1 year ago
Pastore Inc. granted options for 1 million shares of its $1 par common stock at the beginning of the current year. The exercise
harina [27]

Answer:

$5,500,000

Explanation:

Total fair value of the options = Number of shares in the option × Estimated fair value per option = 1,000,000 × $5.50 = $5,500,000

Therefore, the total compensation indicated by these options would be $5,500,000.

5 0
2 years ago
A company has beginning inventory of 10 units at a cost of $10 each on February 1. On February 3, it purchases 20 units at $12 e
Gre4nikov [31]

Answer:

b) $124

Explanation:

FIFO means first in, first out. Under this principle, goods that were purchased or produced earlier will be the first ones on sale.

The value of the goods sold in our case will be as follows.

The first ten items   @ $10: 10X10 =$100

Two items to make   [email protected] $12: 2x12=$24

 

Total cost: $100+$24= $124

7 0
3 years ago
Which statement is the converse of the given statment
pochemuha
Might seem controversial though :) but I am pretty sure that the correct variant that properly shows the converse of given statement is the third one. As you know, the converse (in plane language) has the same meaning of the statement just by replacing two points. This statement has positive tone (if you make - you ll have) so it's directly coincides with C(you have, cause you have made)
4 0
3 years ago
Other questions:
  • Mark agrees to buy dale's one-half-ton truck so that he can pull his trailer. both mark and dale believe that the truck is large
    5·2 answers
  • Under what section of the Statement of Cash Flows would you classify the purchase of equipment by issuing a long-term note payab
    7·1 answer
  • Mr. Zee worked 48 hours during the week ended January 18, 2019. He is paid $12 per hour and is paid time and a half for all hour
    15·1 answer
  • You are marketing manager for a company that packages and markets vacations to exotic locations. You use a variety of media to p
    6·1 answer
  • Sunland Street Inc. makes unfinished bookcases that it sells for $58. Production costs are $37 variable and $11 fixed. Because i
    9·1 answer
  • Arthur is a California resident. He was ordered to pay $2,000 in alimony and $3,000 in child support to his former spouse. He me
    5·1 answer
  • First Fiddler's Bank has foreclosed on a home mortgage and is selling the house at auction. There are three bidders for the hous
    7·1 answer
  • If $396 is invested at an interest rate of 13% per year and is compounded continuously, how much will the investment be worth in
    9·1 answer
  • In a(n) ________ strategy, managers try to gain a competitive advantage by focusing the energy of all the organization's departm
    8·1 answer
  • Which step in developing advertising is most helpful in selecting media and evaluating a campaign?.
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!