Answer:
Earnings per share= $3.58
Explanation:
Earnings per share(EPS) = Earnings attributable to share/Number of shares
Price per share = $3,900,000/60,000=$65 per share
The units of shares to be re-purchased with debt proceed
= The proceeds from debt/share price
=$975,000/$65= 15,000
The number of shares outstanding after repurchased = 60,000-15,000= 45,000 units
EBIT 220,000
Less interest (6%×975,000) <u> (58,500)</u>
Earnings attributable to shares <u> 151,500</u>
Earnings per share 151,500/45,000 units=$3.58
Earnings per share= $3.58
Answer:
Cash and contributed capital
Explanation:
The journal entry to record the sale of common stock is shown below:
Cash A/c Dr $45,000
To Common stock A/c $45,000
(Being the common stock is sold)
For recording this transaction, we debited the cash account as the sale is made which increases the asset and credited the common stock account because the common stock is sold which reduces the equity balance.
The answer is cooperative. It is described as jointly-owned and democratically-controlled enterprise. It includes <span>non-profit community organizations. There are many types of cooperatives such as worker cooperatives, consumer cooperatives, and producer cooperatives.</span>
<span>An opportunity cost is the value or benefit that must be given up to acquire or achieve something else. In this case whatever you choose (Coke, Dr.Pepper or 7-UP) everything would be free , at zero cost. This means that the opportunity cost in this case is zero, because the drink is free.</span>
0.35 metric tons (mt) of crude oil will cost $112 if 0.90 mt cost $288.
Crude oil and other hydrocarbons can be found in liquid or gaseous form in tar or oil sands, small cavities within sedimentary rocks, and underground pools or reservoirs.
<h3>
What are crude oil and its uses?</h3>
Natural petroleum products like crude oil are made up of deposits of hydrocarbons and other organic elements. Crude oil, a sort of fossil fuel, is refined to create useful products like gasoline, diesel, and numerous other petrochemicals.
Given,
Crude oil = 0.9 (mt) cost is $288.
Required to Find Cost of Crude 0.35 (mt) =?
Find Cost of Crude (0.35 mt) = $288 multiply by 0.35 and divide by 0.9.
Find Cost of Crude (0.35 mt) = $288 x 0.35/0.9
Cost of Crude (0.35 mt) = $112
Thus, Crude oil will cost $112 for 0.35 metric tons (mt).
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