$2.40., was incorrect. The correct answer was: $2.28.
Begin by calculating how much of the net income is available for common stockholders (net income after taxes minus preferred dividends equals earnings available for common stockholders). The preferred stockholders received $600,000 in dividends (100,000 pfd shares × $6 per share dividends = $600,000). After subtracting $600,000 from the net income of $12 million, this leaves $11.4 million (earnings available for common stockholders). Compute EPS (earnings available for common ÷ number of common shares outstanding = $11.4 million / 5 million shares = $2.28 per share EPS).
the qestion is incomplete .please read below to find the missing content
A corporation has $12 million net income after taxes, 5 million common shares outstanding, and $10 million of 6% preferred stock ($100 par). What is the corporation's earnings per share (EPS)?
A) $2.52.
B) $1.20.
C) $2.28.
D) $2.40.
Earnings per share is the monetary value of earnings per outstanding share of a company's common stock. It is an important measure of a company's profitability and is often used in stock pricing.
EPS shows a company's profitability by showing how much profit the company makes for each share of its stock. The EPS figure is determined by dividing a company's net income by shares of common stock outstanding. However, the higher the EPS number, the more profitable the company.
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Answer;
90 days
Minor violations may be granted upwards of 90 days for correction
Explanation;
-Violations are categorized as either critical or general.Critical violations are those that create or have the potential to create an imminent risk to public health.The Food Code requires that critical violations be further listed as either major or minor with regard to their degree of risk.
-A major violation poses an imminent health hazard that warrants immediate correction and may require closure of the food facility. A minor violation does not pose an imminent health hazard, but does warrant correction.
-Major critical violations do require either closure or immediate correction with a timely follow up inspection to ensure compliance. Minor violations on the other hand, may be granted upwards of 90 days for correction
Answer:
10,463 units
Explanation:
Unit selling price $202
Unit variable cost $108 + 10% (due to wage increase) = $118.80
Total fixed costs $837,000 + 4% (due to wage increase) = $870,480
current break even point = fixed costs / contribution margin = $837,000 / $94 = 8,904.26 ≈ 8,905 units
new break even point = fixed costs / contribution margin = $870,480 / $83.20 = 10,462.5 ≈ 10,463 units
Answer:
Price of the Bond is $4,268.26
Explanation:
The price of the bonds can be obtained using a Financial calculator by entering the data as follows :
r = 6.27%
Pmt = $0
n = 14
Fv = $10,000
Pv = ? Price of the Bond
Therefore, Pv, Price of the Bond is $4,268.2561.
Thus Price of the Bond is $4,268.26 ( 2 decimal places).
