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Answer:
$5 per share
Explanation:
The formula and computation of the earning per share are shown below:
= (Net income - preference dividend) ÷ (Outstanding Number of shares)
= ($550,000 - $50,000) ÷ (100,000 shares)
= ($500,000) ÷ (100,000 shares)
= $5 per share
We do not consider the common stock dividend and the preference share outstanding because this is not relevant for the computation part.
Answer:
Corporate social responsibility is really a complex concept which, relating on the company or sector, will take several aspects. Companies can improve society by enhancing their products via CSR services, charity, and community projects.
It first needs to take responsibility for itself and its stakeholders in order for a company to be socially conscious. Today, organizations that implement CSR strategies have evolved to the point in which they can contribute to the community. CSR is therefore predominantly a large corporate strategy
A stakeholder is indeed a party with an involvement in a business and may influence or be influenced by business. His owners, staff, consumers and distributors are the key stakeholders in a standard company. The conceptual model of the idea, though, goes outside this original design to also include extra stakeholders such as a society, administration or trade organization.
Answer:
$48,000
Explanation:
Given that,
Ending owner's equity = $70,000
Beginning owner's equity = $45,000
Owner's withdrawals = $23,000
There were no new capital contributions during the year.
Net income (loss):
= Ending owner's equity - Beginning owner's equity + Owner's withdrawals
= $ 70,000 - $ 45,000 + $ 23,000
= $48,000
Therefore, the net income for the year is $48,000.
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