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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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A string or rope will break apart if it is placed under too much tensile stress. Thicker ropes can withstand more tension withou
kifflom [539]

Answer:

a. radius = 0.0006m = 0.6mm and length =0.393m = 393mm

b. frequency =377.86Hz

Explanation:

Given:

mass of steel= 4g = 0.004kg

density of steel = 7890kg/m3

tensile stress of steel 7.0x10⁸

tension load =900N

from the density, we will calculate for the Volume of the steel string

density = mass/volume

volume = mass/density = 0.004/7890 = 5.07 x 10⁻⁷ m³

from the tensile stress will can get the maximum base Area of the string ,

tensile stress = load/area =

7x10⁸ = 900/A

A = 900/7x10⁸ = 1.29x10⁻⁶ m²

Area = πr²

area/pi = 4.105x10-7

radius = 0.0006m = 0.6mm

volume = Area x length

length = vol/area =(5.07 x 10⁻⁷ m³)/1.29x10⁻⁶ m² = 0.393m

b. the highest possible frequency is given by:

F = \frac{\sqrt{\frac{T}{m/L} }}{2L}

where T= tension, m=mass, L=length

F = \frac{\sqrt{\frac{900}{0.004kg/0.393m} }}{2*0.393m}

= 297.04/0.786

frequency =377.86Hz

4 0
3 years ago
Barnes manufactures a specialty food product that can currently be sold for $22 per unit and has 20,000 units on hand. Alternati
FromTheMoon [43]

Answer:

It is more convenient to continue processing.

Explanation:

Giving the following information:

Barnes manufactures a specialty food product that can currently be sold for $22 per unit and has 20,000 units on hand. Alternatively, it can be further processed for $12,000 and converted into 12,000 units of Exceptional and 6,000 units of Premium. The selling price of Exceptional and Premium are $30 and $20, respectively.

We don't have the information regarding the costs of processing further. Therefore, we will base our analysis in sales.

Sell now= 22*20,000= $440,000

Continue processing= 12,000*30 + 6,000*20= $480,000

It is more convenient to continue processing.

3 0
3 years ago
What are the four requirement of valid contract
timurjin [86]

Four requirements for a valid contract are an offer, acceptance by the other party of the offer, a mutual agreement or meeting of the minds of the contracting parties and a valid consideration.

3 0
3 years ago
BrainTrust Company produces and sells educational toys for children. In pricing its product, the company needs to make sure it p
gayaneshka [121]

Complete Question:

BrainTrust company produces and sells educational toys for children. In pricing its product, the company needs to make sure it properly estimates its costs. The company can safely estimate that transportation is what percentage of total distribution cost?

a. 50%

b. 75%

c. 30%

d. 100%

Answer:

a. 50%

Explanation:

In this scenario, BrainTrust Company produces and sells educational toys for children. In pricing its product, the company needs to make sure it properly estimates its costs. The company can safely estimate that transportation is 50% of total distribution cost.

In supply chain management, the total distribution cost can be defined as the overall expenses incurred by a manufacturer in the process of delivering finished goods and services from the production stage to the final consumer. The total distribution cost can either be direct or indirect expenses incurred on insurance, handling, storage, shipping, packing and logistics.

<em>Generally, the total amount spent on the movement of goods and services from one location to another, usually accounts for half (50%) of the overall expenses incurred in total distribution cost. </em>

8 0
3 years ago
XYZ​ firm, the leading producer of leather goods in its country is planning to expand its business. Industry experts identify As
melisa1 [442]

The correct answer would be option D, India has high import tariffs.

Mark feels that Darren is too optimistic and that this venture may not turn out to be as profitable as Darren expects it to be. Darren's view is based on the assumption that India has high import tariffs.

Explanation:

When companies import or export products in or out of the country, they are usually charged with a duty which they have to pay on the import or export of the products. This is called as the Tariff.

While considering the export of a product to another country, the import tariffs of that other country has a pretty much impact on the profits of that company's Sales. Higher the tariffs, lower the profits and vice versa.

So when Mark wanted to export his product to India, Darren was with the view that India has high import tariffs which will restrict them to have huge profits of exporting their product.

Learn more about import export tariffs at:

brainly.com/question/6869228

#LearnWithBrainly

7 0
3 years ago
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