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Svetllana [295]
3 years ago
15

Getaway Travel Company reported net income for 2021 in the amount of $68,000. During 2021, Getaway declared and paid $18,000 in

cash dividends on its nonconvertible preferred stock. Getaway also paid $28,000 cash dividends on its common stock. Getaway had 58,000 common shares outstanding from January 1 until 28,000 new shares were sold for cash on July 1, 2021. A 2-for-1 stock split was granted on July 5, 2021. What is the 2021 basic earnings per share
Business
1 answer:
Lynna [10]3 years ago
4 0

Answer:

$0.35 per share

Explanation:

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

Net income = $68,000

Preferred cash dividend = $18,000

So, we can calculate the basic earning per share by using following formula,

Basic Earning per share = ( Net income - Preferred cash dividend) ÷ Outstanding common shares

= ($68,000 - $18,000) ÷ [( 58,000 × 2) + (28,000 × 2 × 6/12)

= $50,000 ÷ [ 116,000 + 28,000]

= $50,000 ÷ 144,000

= $0.35 per share

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Answer: $19037

Explanation:

The following can be deduced from the question:

Balance per Bank statement = $18361

Add: Deposits in Transit = $1450

Add: Bank error = $63

Less: Outstanding check = $837

Adjusted cash Balance per Bank:

= ($18361 + $1450 + $63) - $837

= $19874 - $837

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The adjusted cash balance per the bank records should be $19037.

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What is contract theory
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Answer:

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Which of the following marketing variables is concerned with design, quality,
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Answer:

A. Product APEX

Explanation:

This is the correct answer.

3 0
3 years ago
Camper's Edge Factory produces two products: canopies and tents. The total factory overhead is budgeted at $750,000 for the year
Pavel [41]

Answer:

Camper's Edge Factory

Departments                                  Cutting             Sewing

a. The total number of budgeted

   direct labor hours for the year  60,000            70,000

b. Products                                     Canopy          Tent

   Factory overhead per unit         $17.50            $40

Explanation:

a) Data and Calculations:

Total budgeted factory overhead = $750,000

                                               Canopy        Tent     Total

Direct labor hours  

Cutting                                       2                     1         3

Sewing                                       1                     6         7

Total direct labor hours            3                    7

Budgeted production units 20,000          10,000

Departments                              Cutting                        Sewing

Budgeted factory overhead  $350,000                     $400,000

Direct labor hours:

Canopy                                  40,000 (20,000 * 2)          10,000 (10,000 * 1)

Tent                                       20,000 (20,000 * 1)          60,000 (10,000 * 6)

Total direct labor hours        60,000                              70,000

Overhead allocation rates     $5.833                               $5.714

                         ($350,000/60,000)                              ($400,000/70,000)

Overhead per unit              $17.50 ($5.833 * 3)            $40 ($5.714 * 7)

               

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Which of the following is true of constraints that exist in product mix decisions?
chubhunter [2.5K]

Statement that is  true of constraints that exist in product mix decisions is Multiple constraints can be handled using linear programming.

<h3>What is Product mix decision?</h3>

Product mix decision refer can be regarded as the decisions involving addition of a new or eliminating any existing product from the product mix.

It involves  adding a new product line as well as lengthening any existing line in order to increase the profitability.

Learn about Product mix decision at:

brainly.com/question/14037774

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