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soldi70 [24.7K]
2 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]2 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

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Answer:

The correct answer is $907.76.

Explanation:

According to the scenario, computation of the given data are as follow:-

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1£ = 132.03¥

Convert pounds to us dollars= £ ÷ $ = £132.03 ÷ $82.54

= 1.60$ ÷ £

Mean, 1£ = 1.6$

She has £567.35 .

After converting the pound into the dollar, she will receive = £567.35 × $1.60

= $907.76

Hence, she receive $907.76 if she sells the pounds.

3 0
3 years ago
A(n) ____ goal for a waste management plant could be to "identify barriers to recycling as well as means to overcome those barri
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Answer:

Tactical.

Explanation:

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7 0
3 years ago
Marcy owns the company Caps for Kids and sells her hand-knitted caps for $20 each. The variable cost per cap created is $10, and
iragen [17]
At breakeven point, the cost is equal to the revenue. This also means that the net profit is equal to zero. If we let x be the number of units sold or produced, the total costs and revenue are calculated as follows:

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3 0
3 years ago
Crane Company is evaluating its Piquette division, an investment center. The division has a $66000 controllable margin and $4800
liberstina [14]

Answer:

$600,000

Explanation:

Data provided in the question:

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or

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Average Operating Assets = 60000 ÷ 0.01

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3 years ago
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Answer:

Automatic information processing

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I hope you find this information useful and interesting! Good luck!

3 0
3 years ago
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