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Fudgin [204]
3 years ago
10

A company's issued share capital throughout an accounting period consists of 500,000 common shares of 20 cent each and 100,000 p

reference shares of $1. If net income after tax for the period is $160,000 and the preference dividend is $10,000 then the basic EPS for the period is: a. $0.30 b. $0.33 c. $0.31 d. $0.32
Business
1 answer:
ella [17]3 years ago
7 0

Answer:

a. $0.30

Explanation:

Basic Earning Per Share (BEPS) = Earnings Attributable to Holders of Common Stock ÷ Weighted Average Number of Common Stock.

Earnings Attributable to Holders of Common Stock calculation :

Net income after tax for the period                            $160,000

Less Preference Dividend                                           ($10,000)

Earnings Attributable to Holders of Common Stock $150,000

Weighted Average Number of Common Stock calculation :

Outstanding common shares                                      500,000

Therefore,

Basic Earning Per Share (BEPS) = $150,000 ÷ 500,000

                                                     = $0.30

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At the end of 2001, Lehnhoff Inc. had $75 million in cash on its balance sheet. During 2002, the following events occurred: The
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Answer:

The multiple choices are:

a. $200 Million

b. $50 Million

c. $1.4 Billion

d. $100 Million

The correct option is A,$200 million

Explanation:

The increase in cash recorded from the statement of cash flows prepared in the year plus the opening balance of cash at the beginning of the year gives the cash balance at the end of the year shown below:

Increase in cash in the year=cash flow from operations+cash flow from financing activities-cash flow used on investing activities

increase in cash in the year=$325+($500-$100)-$600=$125  million

cash at the end of the year=$125 +$75=$200 million

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3 years ago
Is gross profit or net profit more important to consider when you're deciding how successful and profitable a company is?
ella [17]
The gross profit is more inportant than the net profit

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3 years ago
What would be the purchase price for a $5,000, 91-day T-bill paying 3% interest?
Nat2105 [25]
Well, you just need to find it using this formula :

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Hope this help
3 0
2 years ago
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Scenario: Terrill and Natalia want to buy a home valued at $150,000. The property tax in their community is 1 percent of the pro
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1,500 is the answer ......

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Comprehensive income is defined as: Net income plus other comprehensive income. Changes in equity for a period resulting from al
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