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]
2 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]2 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
How can zoning laws be beneficial to a city’s residents?
Pie
Zoning laws can be beneficial to a city’s residents THEY CAN PREVENT NEW DEVELOPMENT THAT WOULD HARM ESTABLISHED RESIDENTS. Zoning laws states how a property in a certain zone will be used. Zoning laws may also specify the sizes of the lots, placement, bulk, and height of the structures.
6 0
3 years ago
The sales department of a consumer products organization realized that its rivals were adopting new customer relationship manage
Dmitry [639]

Answer: Option (C)

Explanation:

Environmental forces are referred to as or known as those forces which tends to involve shared beliefs and attitudes of population. Most of the marketing managers have found their task and job increasingly hard because of the fact that lifestyles, consumer values, and also beliefs are changing at a much more rapid rate than they did used to.

3 0
3 years ago
The day sheet is a(n):
PIT_PIT [208]

Answer:

[A] chronological summary of all transactions posted to individual patient ledgers/accounts on a specific day

Explanation:

3 0
2 years ago
Utopia Corporation provides $6,000 worth of lawn care on account during the month. Experience suggests that about 3% of net cred
photoshop1234 [79]

Answer:

The answer is C.

Explanation:

Credit sales is $6,000

Bad debt is 3% of net credit sales which is $180($6,000 x3%)

Creating allowance for doubtful debt entry is one of the prudent method and it tells us that some customers won't pay part of what they are owing. And it is also a contra account that offset bad debt.

According to the accounting rule, debit increases asset and expenses and vice-versa while credit decreases liability, equity, income and vice versa.

So we have have:

Dr Bad debt expense $180

Cr Allowance for Doubtful Accounts $180

6 0
2 years ago
Recently, you accepted an internship position with the Tulawaka Zoo in Tennessee. You report to Sharon Molacavage, the Senior An
Furkat [3]

Answer:

The correct answer is letter "B": A moderately favorable situation in which Sharon’s relationships with her employees are strained, but where the employees are still doing highly structured tasks.

Explanation:

Austrian organizational psychologist Fred Fiedler (<em>1922-2017</em>) proposed in his Theory of Contingency that leaders only have one leadership style and that they cannot shape it according to the different situations they might be involved in. Instead, leaders must be located in a situation that matches their style.

Since Sharon's leadership style is <em>autocratic</em>, she is likely to manage herself better in adverse situations where the subordinates still follow her instructions.

3 0
3 years ago
Other questions:
  • Sleep Master, Inc. manufactures bedding sets. The budgeted production is for 57,000 comforters in 2017. Each comforter requires
    11·1 answer
  • Serena would like to calculate the total cost of a car loan. She should _____.
    10·2 answers
  • Which of the following is the best example of correlation not being the same as causation? A. A company redesigns a production p
    13·1 answer
  • If a company is funded by a government grant is it A. For profit buisiness B. Non profit orginization C. Bankrupted buisiness D.
    15·1 answer
  • My sis need a boy bestie anyone wanna be that???​
    8·1 answer
  • An aging of a company's accounts receivable indicates the estimate of uncollectible receivables totals $4,937.
    13·1 answer
  • The following information is available pertaining to Bonita Division, that uses a plant-wide overhead rate based on machine hour
    12·1 answer
  • Patricia Ness is a lawyer specializing in employment law. Her clients showed her that the right-to-work laws create many problem
    6·1 answer
  • your grandmother tells you a dollar doesn't go as far as it use to. she says the "purchasing power" of a dollar is much less tha
    13·1 answer
  • Strategic positioning involves performing the same activities as rivals in a similar way, but at a lower cost. True or false?.
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!