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pashok25 [27]
2 years ago
13

Rye Company has provided the following information: Weighted average number of outstanding common shares, 196,000 Net income, $4

70,400 Number of authorized common shares, 395,000 Number of treasury shares, 24,000 If Rye has issued 220,000 shares, what is Rye's earnings per share (EPS)
Business
1 answer:
Sladkaya [172]2 years ago
4 0

Answer:

Rye's earnings per share = $2.41 per share (Approx.)

Explanation:

Given:

Number of Average outstanding common share = 196,000

Net income =$470,400

Number of authorized common share = 395,000

Number of treasury shares = 24,000

Number of issued shares 220,000

Find:

Rye's earnings per share

Computation:

Earnings per share  = Net income / Number of Average outstanding common share

Rye's earnings per share = 472,400 / 196,000

Rye's earnings per share = $2.41 per share (Approx.)

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The middle of supply chain information systems (SCIS) framework is which of the following?
Natasha_Volkova [10]

Answer:

The correct answer is letter "B": Enterprise planning and monitoring.

Explanation:

Information Systems impact the Supply Chain at planning and monitoring stages. Information Systems allow managers to analyze information about the flow of the supply chain and allows them to spot where improvement is necessary. Besides, it allows tracking production to maximize it. Decisions can be made upon the feed Information Systems provide.

5 0
3 years ago
Suppose a basket of goods and services has been selected to calculate the CPI and 2012 has been selected as the base year. In 20
Evgesh-ka [11]

Answer: 2016 CPI is 110

Explanation:

Given the following :

Base year = 2012

Cost of basket in 2012 = $50

Cost of basket in 2014 = $52

Coat of basket in 2016 = $55

The Consumer Price Index (CPI) is calculated using the formula :

CPI = (weighted cost item in current period / weighted cost of item in base period) × 100

Base period / year = 2012

Current period = 2016

Therefore, 2016 CPI equals;

($55 / $50) × 100

= 110

8 0
3 years ago
Treasures, Inc. repurchased 1,000 shares of its $1 par value common stock for $100,000. The journal entry to record this transac
Anna007 [38]

The journal entry to record this transaction includes a debit will always be to cash.

What does common stock include?

Common stock is a security that represents ownership in a corporation. In a liquidation, common stockholders receive whatever assets remain after creditors, bondholders, and preferred stockholders are paid. There are different varieties of stocks traded in the market.

What does common stock mean in a balance sheet?

Common stocks are the number of shares of a company and are found on the balance sheet. Common Stockholders are the company's owners; they have voting rights and earn dividends. They can either be company promoters, insiders, or outside investors.

How is treasury stock reported in the financial statements?

Under the cost method of recording treasury stock, the cost of treasury stock is reported at the end of the Stockholders' Equity section of the balance sheet. Treasury stock will be a deduction from the amounts in Stockholders' Equity.

What is the journal entry for treasury stock?

when shares are acquired, the Treasury Stock account is debited and the cash account is credited. When the shares are reissued, cash is debited for the proceeds and Treasury Stock is credited for the amount paid out originally.

Learn more about journal entry :

brainly.com/question/14279491

#SPJ4

7 0
2 years ago
Carlos is the manager of an American company. He expects the value of the British pound to appreciate in the near future and so
Inga [223]

<u>Answer:</u> Speculation.

<u>Explanation:</u>

Carlos tries to make a profit through exchange rates. Carlos is a speculator who tries to make profit through market fluctuations. The strategy is a risky strategy as the speculators based on their knowledge about the market make decisions accordingly.

Carlos is planning to receive the appreciated value of British Pounds so that he receives the same amount as mentioned in the contract but makes profit out of exchange rates and books FX profits in his books of accounts.

3 0
3 years ago
Suppose the inflation premium is 2 percent and the nominal interest rate is 1 percent. Instructions: In part a, enter your answe
Fudgin [204]

Answer:

(a) Real Interest Rate   = -1 %

(b) Real Interest Rate   = -2.4 %

Explanation:

Real Interest Rate = (1+ Nominal Interest rate)/(1+Inflation Rate) -1

 (a)Real Interest Rate = (1+0.01)/(1+0.02)-1

                                    = -1 %

 (b) Real Interest Rate = (1+0.005)/(1+0.03) -1

                                      = -2.4 %

Real Interest Rate is an interest rate that has been adjusted to remove the effects of inflation to reflect the real cost of funds to the borrower and the real yield to the lender or to an investor.

8 0
2 years ago
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