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slava [35]
2 years ago
10

During 2021, Angel Corporation had 990,000 shares of common stock and 95,000 shares of 6% preferred stock outstanding. The prefe

rred stock does not have cumulative or convertible features. Angel declared and paid cash dividends of $390,000 and $195,000 to common and preferred shareholders, respectively, during 2021. On January 1, 2020, Angel issued $2,090,000 of convertible 5% bonds at face value. Each $1,000 bond is convertible into five common shares. Angel's net income for the year ended December 31, 2021, was $7.35 million. The income tax rate is 25%. What is Angel's basic earnings per share for 2021, rounded to the nearest cent
Business
1 answer:
frozen [14]2 years ago
6 0

Answer:

$7.23

Explanation:

Basic Earnings per share = (Net Income - Preferred Dividend) / Weighted average of outstanding common shares

Basic Earnings per share = ($7,350,000 - $195,000) / 990,000 shares

Basic Earnings per share = $7,155,000 / 990,000 shares

Basic Earnings per share = 7.22727273

Basic Earnings per share = $7.23

So, the amount of Angel's basic earnings per share for 2021 is $7.23.

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If you fire Julio from his job after making one mistake but did not fire John for making the same mistake several times, you hav
ahrayia [7]

In this scenario, we have committed an error related to Procedural justice

Procedural justice refers to way of ensuring fair justice by making decisions according to fair processes to ensure fair treatment.

According to this justice rule, the same rule must be applied to similar scenario and must be impartial as well in order to ensure fair justice.

In conclusion, we have committed an error relating to procedural justice because the rule that was <em>applied to Julio </em>was <em>not applied to John</em>, therefore, there was a bias in justice.

Read more about this here

<em>brainly.com/question/10925598</em>

5 0
2 years ago
Which of the following is an example of human resources planning?
zepelin [54]
It’s B :) because it ensures what fits best to the company about employees idk if that make sense.
5 0
3 years ago
Which is not an effective principle for preparing main points? A. Balance the amount of time given to each main point B. Make su
guajiro [1.7K]

Answer:

B. Make sure each main point is brief

Explanation:

Based on the answers provided within the question it can be said that answer that is not an effective principle for preparing main points is making sure each main point is brief. Main points need to be emphasized and thoroughly detailed as they are the most important aspects in a presentation. Only the subtopics may be made brief.

5 0
3 years ago
Read 2 more answers
Corny Solutions processes various corn related food items. One of its facilities located in Iowa, performs some initial processi
Novay_Z [31]

Answer:

correct option is a. common costs

Explanation:

solution

As common costs are  those associated with operating a facility shared by the two departments

and here One facility located in Iowa  and corn from the facility will be more further process into the corn for popping and the cornmeal

so as given cost at given costs at Iowa plant is common costs

so correct option is a. common costs

5 0
3 years ago
Which of the following companies offers the greatest total employment compensation? Company A Company B Company C Company D Gros
lisov135 [29]

Answer:

  • <u><em>Company C</em></u>

Explanation:

To calculate the <em>total employment compensation</em> each company offers, add all the corresponding benefits and subract all the corresponding expenses:

                         Company A   Company B   Company C   Company D

Gross Pay          $37,600        $36,800         $38,100         $39,000

Paid insurance  $2,800           $2,400          $2,100           $1,800

Paid time off      $3,100             $3,600         $2,900          $2,500

Job expenses   $1,200             $600            $300              $800

<u><em>Company A:</em></u>

  • $37,600 + $2,800 + $3,100 - $1,200 = $42,300

<em><u>Company B:</u></em>

  • $36,800 + $2,400 + $3,600 - $600 = $42,200

<em><u>Company C:</u></em>

  • $38,100 + $2,100 + $2,900 - $300 = $42,800

<em><u>Company D:</u></em>

  • $39,000 + $1,800 + $2,500 - $800 = $42,500

The greatest total employment compensation is that of Company C ($42,800)

7 0
2 years ago
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