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Lesechka [4]
2 years ago
13

Mayan Company had net income of $32,500. The weighted-average common shares outstanding were 10,000. The company has no preferre

d stock. The company's earnings per share is:
Business
1 answer:
madreJ [45]2 years ago
6 0

Answer:

The company's earnings per share is $3.25.

Explanation:

Earnings per share (EPS) refers to a financial metric that shows an indication of the amount of money that is made a company for each share of its stock.

The earnings per share of Mayan Company can be calculated using the formula for calculating earnings per share as follows:

Earnings per share = Net income /  Weighted-average common shares outstanding ..................... (1)

Where;

Net income = $32,500

Weighted-average common shares outstanding = 10,000

Substituting the values into equation (1), we have:

Earnings per share = $32,500 / 10,000

Earnings per share = $3.25

Therefore, the company's earnings per share is $3.25.

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Is suitable if it is a fixed annuity but is unsuitable if it is a variable annuity

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<u>Explanation:</u>

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2 years ago
What is involved in the process of reconciliation?
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The answer is going to be so pick number 2 B
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The Berwin Company established a master budget volume of 35,000 units for April. Actual overhead costs incurred amounted to $98,
Gekata [30.6K]

Answer:

$12,000 Favorable

Explanation:

Given that,

Actual overhead costs incurred = $98,500

Actual production for the month = 34,000 units

Standard variable overhead rate = $1.75 per direct labor hour

Standard fixed overhead rate = $1.50 per direct labor hour

One direct labor hour is the standard quantity per finished unit.

Firstly, we need to find out the overhead applied by multiplying the actual production units with the standard overhead rate and standard quantity per finished unit.

Total standard overhead rate:

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Overhead applied:

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= 34,000 × 1 × $3.25

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It is calculated as follows:

= Overhead applied - Actual overhead costs incurred

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Answer: Option D

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Hence from the above we can conclude that the correct option is D .

4 0
3 years ago
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