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hram777 [196]
2 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]2 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

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Power Pro, a leading manufacturer of lawn and garden equipment, releases a new line of cordless, lightweight, electric weed trim
poizon [28]

Answer: Sales Promotion

Explanation: Sales promotion are different forms of sales strategy employed by marketing firms to attract buyers to their products faster.

Sales promotion could include various strategies such as: price discounts, extra goods added to a purchased product and much more.

3 0
3 years ago
Ariel wants to compare the salaries for positions she was offered at two companies. What should she consider in this process?
german

Answer:

  • <em>She should research the cost of living of different locations to compare against the offered salaries.  </em>
  • <em>She should research the benefits included in each offer. </em>
  • <em>She should research the average salary of similar positions to see if the offers are fair. </em>

Explanation:

  • Remember, the cost living at the different locations is good basis to determine how much the actual value of he salary will be worth. For instance if location A pays her $5000 a month and her living expenses from the location takes about $4500, while location B pays her $3500 a month with a living expense of $1000, then she rather goes for location B she has more extra income.

  • Secondly, the benefits included in salaries is also to be considered. Does it includes medical insurance, transport allowance etc.?

  • Third the average industry pay level would also help Ariel know whether to accept any of the offers or not.

8 0
3 years ago
Read 2 more answers
It is estimated that the maintenance cost on a new car will be $500 the first year. Each subsequent year, this cost is expected
Vsevolod [243]

Answer:

$-8,609

Explanation:

Calculation for How much would you need to set aside

Year Cashflows PVF 5% Present values

1 -500 *0.952381 =-476.19

2 -650(500+150) *0.907029 =-589.569

3 -800(650+150) *0.863838 =-691.07

4 -950(800+150) *0.822702 =-781.567

5 -1100(950+150) *0.783526 =-861.879

6 -1250(1100+150) *0.746215 =-932.769

7 -1400(1250+150) *0.710681 =-994.954

8 -1550(1400+150) *0.676839 =-1049.1

9 -1700(1550+150) *0.644609 =-1095.84

10 -1850(1700+150) *0.613913 =-1135.74

PV=Present value $-8,609

Therefore the amount you will need to set aside is $-8,609

7 0
2 years ago
In what circumstances is it ethical for public speakers to use emotional appeals when speaking to persuade? Are there any kinds
Soloha48 [4]

Answer and explanation:

Emotional appeals are ethically valid in persuasive speeches when the speaker wants to emphasize a specific matter that is relevant for the audience to understand. By showing anger, pity or fear the speaker tries to put into the audience's shoes but immediately after that exposes the solution to the possible problem.

However, there might be cases when emotional appeals could be taken too personal which turns the speech subjective. The speaker must avoid getting to that point otherwise the audience will be unlikely to identify themselves with what the speaker is trying to expose.

6 0
2 years ago
West Corp. issued 25-year bonds two years ago at a coupon rate of 5.3 percent. The bonds make semiannual payments. If these bond
slava [35]

Answer:

4.93%

Explanation:

We use the Rate formula shown in the spreadsheet for this question

The time period is represented in the NPER.

Provided that,  

Present value = $1,000 × 105% = $1,050

Assuming figure - Future value or Face value = $1,000  

PMT = 1,000 × 5.3% ÷ 2 = $26.5

NPER = 25 years - 2 years = 23 years × 2 = 46 years

The formula is shown below:  

= Rate(NPER;PMT;-PV;FV;type)  

The present value come in negative  

So, after solving this, the yield to maturity is 4.93%

6 0
3 years ago
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