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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

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purchased equipment, a building, and land for one price of $6,050,500. The estimated fair values of the equipment, building, and
otez555 [7]

Answer:

the amount that the company would  record the building is $ 4,235,350

Explanation:

Because the Assets (Equipment, Building and Land) purchased will be depreciated diferently, there is need to allocate the purchase cost to the respective assets.

<u>Fair Values are used to Apportion cost of Assets as follows :</u>

<em>Equipment</em>

1,000,000/ 10,000,000 × $6,050,500 =  $605,050

<em>Buildings</em>

7,000,000/ 10,000,000 × $6,050,500 = $ 4,235,350

<em>Land</em>

2,000,000/ 10,000,000 × $6,050,500 = $1,210,100

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3 years ago
Chuck Stout is the RM for the Holiday Inn Express. His 220-room property normally sells 85 percent of its rooms on Tuesday night
Dmitriy789 [7]

Answer:

winning the group romm contract: $14,967.50

normal tuesday revenue                    $16,175.50

Explanation:

group contract:

125 rooms x $ 109       =  13,625

normal rooms:

(220-125)   x $ 141.50  = <u>  13,442.5  </u>

       total revenue:          27,067.5

variable cost: 220x55=  (12,100)

   contribution:                14,967.5

If it doesn't win the contract

will sale 220 x 85% = 187 rooms at 141.5 each

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3 0
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Answer:

B. monopoly firms but not for competitive firms.

Explanation:

Marginal revenue can become negative for monopoly firms but not for competitive firms.

A monopolist’s marginal revenue is always less than or equal to the price  of the good.

Marginal revenue is the amount of revenue the firm receives for  each additional unit of output. It is the difference between total revenue – price  times quantity – at the new level of output and total revenue at the previous  output (one unit less).

Since the monopolist’s marginal cost curve lies below its demand curve.  When a monopoly increases amount sold, it has two effects on total revenue:

– the output effect: More output is sold, so Q is higher.

– the price effect: To sell more, the price must decrease, so P is lower.

For a competitive firm there is no price effect. The competitive firm can sell  all it wants at the given price.

So the marginal revenue on a monopolist's additional unit sold is lower than the price, <u>because it gets less revenue for selling additional units.</u>

<u>Marginal revenue can become negative – that is, the total revenue decreases from one output level to the next. </u>

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