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Marizza181 [45]
3 years ago
12

ABC Company had addition to retained earnings for the current fiscal year just ended of $395,000. The firm paid out $195,000 in

cash dividend, and it has ending total equity of $5.3 million. The company currently has 170,000 shares of common stock outstanding. Please answer the following questions: a. What are earnings per share (E/PS)
Business
1 answer:
densk [106]3 years ago
6 0

Answer:

$3.47

Explanation:

According to the problem, computation of the given data are as follows,

Retained earning = $395,000

Cash dividend = $195,000

Outstanding shares = 170,000

So, by using earning per share formula,

Earning per share = (Retained earning + Cash dividend) ÷ Outstanding shares

By putting the value in the formula, we get

Earning per share = ( $395,000 + $195,000) ÷ 170,000

= $590,000 ÷ 170,000

= $3.47

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GDP per capita does NOT show _____, such as _____.
Fudgin [204]
Unpaid work and volunteer work 

3 0
3 years ago
Read 2 more answers
Managers should be held responsible for only those cost, revenues, or assets over which they have substantial control.
lapo4ka [179]

Answer:

Managers should be held responsible for only those cost, revenues, or assets over which they have substantial control should be considered as a

FALSE Statement.

Explanation:

In order to understand this statement comprehensively, we need to know the following two views.

The Omnipotent View

The Symbolic View

The Omnipotent view

This view defines and makes managers wholly responsible for all the success and losses of an organisation. This view referred managers as completely liable for all the operations, causes and their resulting effects within an organisation. No matter what, they are held liable for the consequences. For example, when a football team performs, coaches and managers are held liable and they come under radar in case of bad performances.

The symbolic View

This view says that managers make decisions in the best interest of the firm on the base of available resources, assets, costs and revenues but there are certain things which are beyond their control, they have very less or little control over certain things like economy, political environment – rules and regulations, competitors actions, market conditions, having control over technology etc.

Consequently, mangers cannot be held completely responsible; they have limited impact and effect over the organisational performance.

7 0
3 years ago
Presently, Stock A pays a dividend of $2.00 a share, and you expect the dividend to grow rapidly for the next four years at 20 p
Flura [38]

Answer:

In order to find the price of a stock which has different growth rate at different periods, we need to find the price at a time when the growth rate slows down after the initial burst of growth and is stable, in this case its in the 4th period.

Year 4 dividend = 2.07

Growth rate (G)= 8%

Required return (R)= 12%

DDM formula for stock price = D*(1+G)/R-G

2.07*(1+0.08)/0.04

=55.89

The maximum that you should be willing to pay for the stock 4 years from now is $55.89 but in order to find out what the maximum we should pay for the stock now, we need to discount this price 4 years back to the present value using the required return of 12 %

so 55.89/1.12^4=35.52

The maximum that you should be willing to pay for the stock now is $35.52

Explanation:

3 0
3 years ago
which of the following is true of a sole proprietorship? a business operated under sole proprietorship cannot be transferred. b)
son4ous [18]

The statement that is true of a sole proprietorship is that a) a business operated under a sole proprietorship cannot be transferred.

A proprietorship can legally have the handiest one, proprietor. This is due to the fact the commercial enterprise serves as a part of the enterprise proprietor's private identification and vice versa. If a proprietor wants to expand their business and take delivery of new companions and traders, they would restructure the employer and contain it.

Any individual who wants to start a commercial enterprise with less investment can choose this sort of commercial enterprise form. It is able to be started in a time span of 10-15 days. Additionally, the control within the business is solely for your arms.

The proprietorship has been described because the only enterprise form underneath which you'll be able to perform a commercial enterprise. It isn't a legal entity and definitely refers to a person who owns the commercial enterprise, individually responsible for its debt.

Learn more about proprietorship here brainly.com/question/12913114

#SPJ4

8 0
1 year ago
Joe sells his business to Shirley. During the negotiations, Joe negligently tells Shirley that the business has earned a profit
Dmitry [639]

Answer:

"Shirley did not actually rely on Joe's misstatement" is the correct answer.

Explanation:

  • Reliance means that the individual adopts a way to proceed due to various his/her confidence in a statement that she has established.
  • For lack of understanding to occur, a causal relationship may well have been formed between some of the claims as well as the determination of the authority concerned to implement the arrangement.
  • Because Shirley wasn't really conscious that someone had presented an argument, there would be no dependency. Therefore, she can't extrapolate a rescission upon this.

4 0
3 years ago
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