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
lyudmila [28]
3 years ago
14

At December 31, 2020, Carter Company had 450,000 shares of common stock issued and outstanding, 350,000 of which had been issued

and outstanding throughout the year and 100,000 of which were issued on September 1, 2020. Net income for the year ended December 31, 2020, was $1,160,000. What should be Twin Rivers' 2020 earnings per common share, rounded to the nearest penny
Business
1 answer:
Dennis_Churaev [7]3 years ago
4 0

Answer:

$3.03

Explanation:

Calculation to determine What should be Twin Rivers' 2020 earnings per common share,

Using this formula

Earnings per common share=

Net Income for 2020/Weighted Average Shares Outstanding

Let plug in the formula

Earnings per common share=$1,160,000/ [(350,000 x 8/12) + (450,000 × 4/12)]

Earnings per common share=$1,160,000/(233,333+150,000)

Earnings per common share=$1,160,000/383,333

Earnings per common share= $3.03

Therefore What should be Twin Rivers' 2020 earnings per common share is $3.03

You might be interested in
What factors contribute to the comparative advantages of countries?
Westkost [7]

Answer:

International trade is the exchange of capital, goods, and services across international borders or territories.

Each nation should produce goods for which its domestic opportunity costs are lower than the domestic opportunity costs of other nations and exchange those goods for products that have higher domestic opportunity costs compared to other nations.

Benefits of trade include lower prices and better products for consumers, improved political ties among nations, and efficiency gains for domestic producers.

International trade is the exchange of capital, goods, and services across international borders or territories. Trading-partners reap mutual gains when each nation specializes in goods for which it holds a comparative advantage and then engages in trade for other products. In other words, each nation should produce goods for which its domestic opportunity costs are lower than the domestic opportunity costs of other nations and exchange those goods for products that have higher domestic opportunity costs compared to other nations.

Explanation:

In economics, the production possibility frontier (PPF) is a graph that shows the combinations of two commodities that could be produced using the same total amount of the factors of production. It shows the maximum possible production level of one commodity for any production level of another, given the existing levels of the factors of production and the state of technology.

PPFs are normally drawn as extending outward around the origin, but can also be represented as a straight line. An economy that is operating on the PPF is productively efficient, meaning that it would be impossible to produce more of one good without decreasing the production of the other good. For example, if an economy that produces only guns and butter is operating on the PPF, the production of guns would need to be sacrificed in order to produce more butter. If production is efficient, the economy can choose between combinations (i.e., points) on the PPF: B if guns are of interest, C if more butter is needed, or D if an equal mix of butter and guns is required.

3 0
3 years ago
Read 2 more answers
Beta Corporation wrote off $100,000 due from a specific client in March 2011. However, this client was able to make a Partial pa
Otrada [13]

Answer:

Option D Allowance for noncollectable Accounts.

Explanation:

The bad debt recovery recording is a two step process.

Step 1 Reverse the entry of bad debt with the amount received

Dr Trade Receivable $40,000

Cr                   Bad debts    $40,000

Step 2 Now record the receipt of amount as a reduction in trade receivable and increase in cash asset.

Dr  Cash  $40,000

Cr Trade Receivables $40,000

The only account unconsidered here was Allowance for the noncollectable account.

4 0
3 years ago
Write age and snap if your a girl if your a boy do the same and we can be friends if you want to
Masja [62]

14

Explanation: dont have friends

3 0
3 years ago
Perion Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the estimated direc
Yuliya22 [10]

Answer:

$4,280 under applied

Explanation:

Given that;

Estimated direct labor hours = 11,200

Estimated manufacturing overhead = $259,840

Estimated rate per hour = $259,840 ÷ 11,200 = $23.2

Actual labor hours = 10,800

Estimated overhead for actual hours

= 10,800 × $23.2

= $250,560

Actual overheads incurred = $254,840

Hence, actual overheads are under absorbed by

= $254,840 - $250,560

= $4,280

4 0
2 years ago
The average annual return form stock investments historically is: a) 11.3% b) 12% c) 12.5% d) 20$​
MArishka [77]

Answer: i dotn noy

Explanation:

7 0
3 years ago
Read 2 more answers
Other questions:
  • Initially, when a firm hires a fourth worker, its wage rate goes from $80 a worker to $90. The marginal revenue product of the f
    10·1 answer
  • According to this excerpt, what is one major way in which the world bank differs from a regular bank?
    10·2 answers
  • g Suppose on January 1 Austin​'s Tavern prepaid rent of $ 13 comma 200 for the full year. At May 31​, how much rent expense shou
    11·1 answer
  • When interest rates in a given economy are reduced, it causes firms to employ __________ capital goods. In terms of the producti
    11·1 answer
  • Assume the following scenarios.
    13·1 answer
  • Making sales to a customer on credit is an example of a ________ decision, and would be the responsibility of the __________.
    13·1 answer
  • In the short​ run, firms will​ _______. A. incur an economic loss B. continue to break even C. make an economic profit Some firm
    13·1 answer
  • ZOOm you there lets get on.
    12·2 answers
  • My question is how much do you love Jesus
    11·1 answer
  • Archaeologists found an ancient inca tomb under an ordinary home in which world capital?.
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!