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TiliK225 [7]
2 years ago
6

Matt is saving to buy a new motorcycle. if he deposits ​$75 at the end of each month in an account that pays an annual interest

rate of 4.5​%, how much will he have in 15 ​months? assume that the compounding is being done monthly.
Business
1 answer:
navik [9.2K]2 years ago
6 0
Isr vounph xfuxih oh ohf
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Thrifty Co. reported net income of $573,650 for its fiscal year ended January 31, 2020. At the beginning of that fiscal year, 10
Xelga [282]

Answer:

a. The basic earnings per share of common stock for year ended January 31, 2020 is $3.56 per share

b. If Thrifty Co.’s preferred stock were convertible into common stock, it would be required to calculate Dluted EPS.

Explanation:

a. In order to calculate the BEPS we would have to use the following formula:

BEPS = Net income available to common stockholders / Weighted Avg. no. of common stock

Net income available to common stockholders=$573,650

Weighted Avg. no. of common stock = 100,000 + (30,000 x 3/12)

Weighted Avg. no. of common stock = 107,500

BEPS = Net income available to common stockholders / Weighted Avg. no. of common stock

BEPS = $573,650 / 107,500

BEPS= $3.56 per share

b. If Thrifty Co.’s preferred stock were convertible into common stock, it would be required to calculate Dluted EPS.

5 0
3 years ago
Improving your flexibility can benefit you in many ways. It can help you execute precise and difficult maneuvers better in sport
GarryVolchara [31]

Answer:

Explanation:

A good flexibility program will prevent injuries and increase performance. It helps to relax the muscles, enhances the posture and also improves blood flow.

3 0
3 years ago
In April, Holderness Inc, a merchandising company, had sales of $251,000, selling expenses of $17,000, and administrative expens
Rainbow [258]

Answer:

The net income is $59,000

Explanation:

Please refer to the attached file for calculation.

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3 years ago
A common advantage of a promotion is that ______. A. You will have longer hours b. Your relationships with your peers will chang
Anna11 [10]

Answer:

C

Explanation:

7 0
2 years ago
For a multi-product company with a limited resource, company-wide net income will be maximized if A : fixed costs equal the doll
sesenic [268]

Answer:

D : production capacity is prioritized to the product with the highest unit contribution margin.

Explanation:

The poduct with the highest unit contribution margin is key to calculate the Gross Profit Margin .

"Gross profit margin analyzes the relationship between gross sales revenue and the direct costs of sales. This comparison forms the first section of the income statement. Companies will have varying types of direct costs depending on their business. Companies that are involved in the production and manufacturing of goods will use the cost of goods sold measure while service companies may have a more generalized notation.

Overall, the gross profit margin seeks to identify how efficiently a company is producing its product. The calculation for gross profit margin is gross profit divided by total revenue. In general, it is better to have a higher gross profit margin number as it represents the total gross profit per dollar of revenue. "

Reference: Beers, Brian. “Gross, Operating, and Net Profit Margin: What's the Difference?” Investopedia, Investopedia, 14 Sept. 2019

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