1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
astraxan [27]
2 years ago
11

Drury corporation needs to raise $ 2 comma 300 comma 000. the corporation plans on selling 100 comma 000 shares of $ 23 par valu

e common stock. drury corporation currently has 160 comma 000 shares of stock outstanding and net income of $ 1 comma 800 comma 000. the $ 2 comma 300 comma 000 from the stock sale is expected to generate additional income of $ 400 comma 000 before interest and taxes. the income tax rate is 30​%. what are the earnings per share after the sale of 100 comma 000 shares of​ stock? (round your final answer to the nearest​ cent.)
Business
1 answer:
ad-work [718]2 years ago
8 0

Net Income before Sale of Shares........................................................$1800000

Additional Income due to sale of shares.............................................$400000

Total Net Income........................................................................................$2200000

Income [email protected]%.........................................................................................($660000)

Net Income After Tax..................................................................................1540000

Total No of Shares.........................................................................................260000

Earning Per Share(Net Income After Tax/No of Shares)......................$5.92

You might be interested in
Barcain Credit Corp. wants to earn an effective annual return (EAR) on its consumer loans of 16 percent per year. If the bank us
Schach [20]

Answer:

14.84%

Explanation:

Effective annual return (EAR) = (1 + ( r / m) ^m -1

APR = m (( 1 + EAR) ^( 1/m) - 1)

where m = 365 since it is compounded daily

APR = 365 (( 1 + 0.16) ^( 1/365) - 1) = 14.84%

4 0
3 years ago
Read 2 more answers
Overzealous pursuit of wealth, pressure to exceed performance standards, and a culture that values profits more than ethical beh
Licemer1 [7]

Answer:

are the primary causes of the majority of unethical business behaviors.

Explanation:

An ethic can be defined as a set of both written and unwritten principles, values or rules of moral conduct that guides (governs) human behaviors. It's a reflection that is typically based on identifying what is good or bad, right or wrong and just or unjust with respect to human behaviors.

Ethical issues are mostly complicated for businesses that operate in the global economy because different cultures have different norms and values.

Generally, some of the fundamental cause of unethical business behaviors across the world are;

I. Overzealous pursuit of wealth

II. Undue pressure on employees or the management to exceed performance standards.

III. A culture that values profits more than ethical behavior.

An ethical climate can be defined as a collection of behaviors that are considered to be acceptable and correct within an organization or business firm. Also, an ethical climate provides the human resources management of an organization with a framework or benchmark on how employee behavioral issues or ethical problems are to be managed or handled within the organization.

Thus, an organization with a strong ethical climate is generally considered to have an effective, conducive, just and optimum working standards for its employees and as such would significantly increase employee trust and commitment.

3 0
2 years ago
Zibb is a transnational electronics company based in Germany. It has factories in China, Mexico, and India. The company aims to
Brrunno [24]
It’s C) The geocentric orientation

I hope this helped out, have a nice day! :)
5 0
2 years ago
British investors frequently invest in the u.s. or italy, depending on the prevailing interest rates. if italian interest rates
guajiro [1.7K]

Answer:

decrease, upward

Explanation:

When Italian interest rates increase, their demand in Italy would increase, hence a downward pressure on the supply of the same would be required. as the demand of the currency in italy increases, its value also increases. hence there is an upward pressure on the value of the pound against the u.s. dollar.

3 0
3 years ago
Which of the following is a feature of a good budget?
kiruha [24]

B and C, are bad feautures. A makes more sense, than D, so A should be your answer.

4 0
3 years ago
Read 2 more answers
Other questions:
  • During the past recession, Taylor Tool Company created a __________ organization, when it restructured and eliminated several mi
    9·1 answer
  • An illness that affects the brain and reduces a person's ability to cope, to adjust to every day life changes, or to get along w
    12·2 answers
  • Why does an economist create a market demand curve? to predict how people will change their buying habits when prices change to
    10·1 answer
  • Personal selling is especially needed for complex or new goods and services.​
    9·1 answer
  • 8. Suppose that the demand for bentonite is given by Q = 40 − 0.5P, where Q is in tons of bentonite per day and P is the price p
    6·1 answer
  • At the beginning of the​ year, Swift,​ Inc.'s Work-in-Process Inventory account had a balance of $ 124 comma 000. During the​ ye
    10·1 answer
  • Lisa conducts a qualitative study of people's shopping behavior online. She compares her results to that of similar studies and
    5·1 answer
  • Dalrymple Company produces a special spray nozzle. The budgeted indirect total cost of inserting the spray nozzle is $ 12 comma
    14·1 answer
  • Layton Corp. has a $2,000 par value bond outstanding with a coupon rate of 4.6 percent paid semiannually and 13 years to maturit
    10·1 answer
  • When the price of tennis rackets increases, what happens in the market for tennis balls?
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!