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neonofarm [45]
3 years ago
9

At December 31, 2017 Rice Company had 300,000 shares of common stock and 10,000 shares of 6%, $100 par value cumulative preferre

d stock outstanding. No dividends were declared on either the preferred or common stock in 2017 or 2018. On January 30, 2019, prior to the issuance of its financial statements for the year ended December 31, 2018, Rice declared a 100% stock dividend on its common stock. Net income for 2018 was $1,140,000. In its 2018 financial statements, Rice's 2018 earnings per common share should be
A. $1.80.
B. $1.89.
C. $3.60.
D. $3.80.
Business
1 answer:
Leviafan [203]3 years ago
8 0

Answer:

A. $1.80

Explanation:

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

Earnings per share = (1140000 - 10000*100*6%) / (300000 + 300000)

Earnings per share = $1.80 per share

So, Rice's 2018 earnings per common share should be $1.80 per share

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calculate the compund interest monthly for 12 months. the deposit is 5,000 and the annual percenatge rate is 5%
Ludmilka [50]

Answer:

255.81

Explanation:

We have the formula to calculate the monthly compound interest as following:

<em />A = P.(1+\frac{r}{n})^{nt} - P<em />

In which:

+) A: Amount of compound interest

+) P: Principle, the initial deposit

+) r: the percentage rate

+) n: the number of month (if monthly: n =12, quarterly => n = 3, etc.)

+) t: number of years

From that we have: P = 5,000; r = 5% = 0.05; n = 12 months and t = 1

So that the compound interest monthly for 1 year of 12 months is:

<em />A = 5000 . (1+\frac{0.05}{12})^{12.1} - 5000 = 255.81<em />

<em />

<em>So that the answer is 255.81</em>

6 0
3 years ago
nflation, recession, and high interest rates are economic events that are best characterized as being A.factors associated with
IgorLugansk [536]

Answer:

A. Factors associated with market risk.

Explanation:

Inflation, recession, and high-interest rates are economic events that all investors need to be aware of. Diversification can lower these risks, but does not eliminate them. They generally are beyond the control of investors, but they should always be considered by security analysis, portfolio managers, and stockbrokers. They are not irrelevant in any way, shape, or form. Everything done with stocks, bonds, and mutual funds should be coordinated based on inflation, recessions, and high interest rates.

5 0
3 years ago
The following data were reported by a corporation: Authorized shares 24,000 Issued shares 19,000 Treasury shares 5,500 The numbe
Basile [38]

Answer:

13,500

Explanation:

Outstanding shares = issued shares - Treasury shares

19,000 - 5,500 = `13,500

Shares is a method through which firms raise capital.

Authorised shares are the maximum number of shares a company can issue to investors

Outstanding shares are the total number of shares sold to investors

Treasury shares are shares that have been issued and later repurchased by the company

Issued shares are the shares that a company issues

4 0
3 years ago
What term describes information that is sent to recipients without their request via reports, e-mails, faxes, voice mails, and o
jarptica [38.1K]

The term " Push Communication "describes the information that is sent to recipients without their request via reports, e-mails, faxes, voice mails, and other means.

<h3>What is the difference between pull and push communication?</h3>

When an urgent reaction is not needed, push communication is appropriate. On receiving the message, the addressee does something, though. Informational communication is a type of pull communication. The message is communicated by the sender via websites, bulletins, etc.

In push communication, the sender pushes information in one direction to the receiver. The most frequent use of it is to provide expected, non-urgent information. Push communication is typically communicated in writing and does not require a prompt reaction from the recipient.

Learn more about Push Communication here:

brainly.com/question/13653950

#SPJ4

3 0
2 years ago
Some characteristics of an automotive tire are its Size, Material, Internal Construction (bias ply, steel belted for example), t
Blizzard [7]

Answer:

Money available to the buyer is most important factor which needs to be considered. Also the quality of the old tires is considered before making a decision to replace tires. The life of tire is dependent on the running of the car plus the quality of the roads.  

Explanation:

The tire are replaced once they are damaged. The damage can be through accident, roughness of roads, extra mileage and other similar factors. Once the tire is damaged it is better to replace it by the new one as this can be harmful for the commuters to travel in a car whose tires are damaged. There can be puncture or even tire burst situation which could be a threat to life.

4 0
3 years ago
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