1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
soldi70 [24.7K]
3 years ago
15

On December 31, 2020, the Bennett Company had 110,000 shares of common stock issued and outstanding. On July 1, 2021, the compan

y sold 22,000 additional shares for cash. Bennett's net income for the year ended December 31, 2021, was $630,000. During 2021, Bennett declared and paid $72,000 in cash dividends on its nonconvertible preferred stock. What is the 2021 basic earnings per share
Business
1 answer:
Alenkinab [10]3 years ago
8 0

Answer:

$4.61

Explanation:

Calculation to determine the 2021 basic earnings per share

Using this formula

2021 basic earnings per share=Net income-Cash Dividend/shares of common stock issued+(additional shares for cash*6/12)

Let plug in the formula

2021 basic earnings per share=$630,000-$72,000/110,000+(22,000*6/12)

2021 basic earnings per share=$558,000/110,000+11,000

2021 basic earnings per share=$558,000/121,000

2021 basic earnings per share=$4.61

Therefore the 2021 basic earnings per share is $4.61

You might be interested in
the entity that normally is supposed to determine whether an academic researcher's conflic of interest can be managed is
Delvig [45]

A conflict of interest committee is the entity that normally is supposed to determine whether an academic researcher's conflict of interest can be managed.

<h3>What is conflict?</h3>

Conflicts arise from disparate interests, points of view, or even philosophical notions. Conflict will always exist in society because it might stem from personal, race, class, caste, political, or even international issues. In disagreements that are emotional, intellectual, or theoretical, academic recognition may or may not be a key motivator. Cultural conflict is a form of intellectual conflict that, due to diverse cultural conventions and beliefs, tends to get worse over time.

Group conflicts typically follow a predefined course. An internal conflict, which is typically sparked by conflicts between the group's members, internal disagreements, or a lack of resources, initially interrupts normal group interactions.

To learn more about conflict ,visit:

brainly.com/question/17744728

#SPJ4

3 0
2 years ago
Suppose that Ariana consumes two goods, coffee and textbooks. Both are normal goods. Suppose the price of textbooks decreases, w
marta [7]

Answer:

The correct answer here would be option D) more of textbooks would be consumed and less of coffee would be consumed.

Explanation:

In economics, substitution effect refers to a situation where there is change in demand of one good in response to the change in price of other goods. Same situation is taking place here as now the price of textbooks have decreased , Ariana will now look to consume more of textbooks and less of coffee.

4 0
3 years ago
Read 2 more answers
Watauga Company purchased equipment on July 1, 2017 for $70,000. Sales tax on the purchase was $700. Other costs incurred were f
andriy [413]

Answer:

$72,700

Explanation:

Data provided in the question:

Purchasing cost = $70,000

Sales tax = $700

Freight charges = $800

Shipping charges = $150

Repair charges = $1,300

Installation cost = $1,050

Now,

Cost of the equipment  

= Purchasing cost + Sales tax + Freight charges + Shipping charges + Installation cost

= $70,000 + $700 + $800 + $150 + $1,050

= $72,700

Note: Repair cost is not included in the cost.

5 0
4 years ago
Fresh Veggies, Inc. (FVI), purchases land and a warehouse for $550,000. In addition to the purchase price, FVI makes the followi
maw [93]

Answer:

Land 594,500

Explanation:

We must include all cost necessary to acquire the land and lelave it ready to use.

But, the demolition cost are associate with the old warehouse thus, as thsis asset is being destroyed It will be considered period cost, It will not be capitalized through land.

Acquisition cost    550,000

broker commission 35,000

title insurance            2,500

closing cost       <u>         7,000   </u>

Total cost               594,500

8 0
4 years ago
You are to receive the following payments at the end of the following periods:
dangina [55]

Answer: $12,113.14

Explanation:

Find out the future value of each payment 20 years from now then sum up the values.

Year 1:

= 250 * ( 1 + 15%)¹⁹

= $3,557.94

Year 2:

= 300 * ( 1 + 15%)¹⁸

= $3,712.636

Year 3:

= 450 * ( 1 + 15%)¹⁷

= $4,842.5688

Future value of all:

= 3,557.94 + 3,712.636 + 4,842.5688

= $12,113.14

4 0
3 years ago
Other questions:
  • During what stage of product development are production costs estimated
    11·1 answer
  • Keenan received a number of letters from his constituents complaining that traffic in their city is too congested. He discussed
    15·2 answers
  • There are zero coupon bonds outstanding that have a YTM of 5.97 percent and mature in 19 years. The bonds have a par value of $1
    9·1 answer
  • a. What is the total cash outflow for buying and for leasing a motor vehicle with a cash price of $33,000
    15·1 answer
  • You want to decide whether to invest in zero-coupon bonds or not. Currently, the yield to maturity of these zero-coupon bonds fo
    11·1 answer
  • Hihihihihihihhhihiihihiiihihihihihihihihihihihhihihihihihihihhiiihihihihihiihihihiihiihihihi
    12·1 answer
  • Which of the following is an unethical behavior for a salesperson?
    15·2 answers
  • List five steps of the budget process
    15·1 answer
  • 500 divided by 2/3 = 500 * blank = blank feet <br><br><br>please help me
    13·1 answer
  • You work for REV and check your work email on your mobile phone. You have decided to resign
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!