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
Pell Corporation manufactures computers. Assume that Pell allocates manufacturing overhead based on machine hours estimated 10,0
Contact [7]

Answer:

exist 139,200

Explanation:

Assume that Pell allocates manufacturing overhead based on machine hours, estimated 10,000 machine hours and exist 87,000 that implies that the standard cost per machine hour = exist 87,000 / 10,000 = 8.7 exist

Therefore the manufacturing overhead costs if Pell actually used 16,000 machine hours will be: 16000 x 8.7 = exist 139,200

8 0
3 years ago
The 2014 balance sheet of steelo, inc., showed current assets of $4,630 and current liabilities of $2,190. the 2015 balance shee
Ostrovityanka [42]

Hello!

Working capital in 2014 is
4,630−2,190=2,440
Working capital in 2015 is
5,180−2,830=2,350

change in net working capital, or nwc
2,350−2,440=−90

Good luck!

8 0
3 years ago
Antiques R Us is a mature manufacturing firm. The company just paid a dividend of $11.40, but management expects to reduce the p
drek231 [11]

Answer:

The correct answer is $57.

Explanation:

According to the scenario, the computation of the given data are as follows:

Dividend = $11.40

Growth rate = -0.05

Required rate of return = 0.14

So, we can calculate the price by using following formula:

Price = Dividend × ( 1 + Growth rate) ÷ ( return rate - growth rate)

By putting the value, we get

= $11.4 × ( 1 - 0.05) ÷ ( 0.14 + 0.05)

= $57

3 0
3 years ago
Marion Company reported net income of $170,000 for the current year. Depreciation recorded on buildings and equipment amounted t
podryga [215]

Answer and Explanation:

The preparation of the cash flow from the operating activities is presented below:

                                            Marion Company

                                        Cash flow statement

Cash flow from operating activities

Net income $170,000

Adjustment made

Add: Depreciation expenses $50,000

less: Increase in account receivable -$8,000 ($40,000 - $32,000)

Add: Decrease in inventory $8,000 ($50,000 - $58,000)

Less: Decrease in account payable -$7,000 ($11,000 - $18,000)

Add: Increase in salaries payable $4,000 ($10,000 - $6,000)

Net cash provided by operating activities $217,000

The cash inflow represents in a positive sign and the cash outflow represents in a negative sign

4 0
3 years ago
From the standpoint of the economy as a whole, the role of insurance is A. to entice risk-loving people to become risk averse. B
Scilla [17]

Answer:

C. not to eliminate the risks inherent in life, but to spread them around more efficiently

Explanation:

Insurance is an agreement where the insurer agrees to cover the losses that might arise if certain events occur to the insured.

Moral hazard and adverse selection are some of the negative issues that arise as a result of insurance.

I hope my answer helps you

3 0
3 years ago
Other questions:
  • What 3 documents are necessary during home buyer prequalification
    15·1 answer
  • Suppose it is decided that rent control in New York City will be abolished and that market rents will now prevail. Assume that a
    7·1 answer
  • An example of Web 2.0 is a high school student promoting his or her poetry on a blog.
    13·2 answers
  • Which of the following should not be recorded in income and expenditure account?
    12·1 answer
  • Dan is a single, self-employed carpenter who earned $120,000 this past year in self-employment income. Dan paid the following ex
    11·1 answer
  • Reconciliation of pretax accounting income and taxable income: Pretax accounting income $ 179,000 Permanent differences (16,100
    13·1 answer
  • How can we be careful and attentive in our studies?<br><br><br>​
    13·2 answers
  • Kennedy’s alliance of progress program provided $25 billion in aid to countries in?
    5·1 answer
  • Companies like my​ gym, which seek to do business in new markets for manufacturing​ and/or marketing​ purposes, have many potent
    7·1 answer
  • Broker Barb takes out a two-page color full-page ad in the weekend paper of her listed properties. What form of advertisement is
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!