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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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After crime scene is cleared with all finger prints taken.
6 0
3 years ago
Petrus Framing's cost formula for its supplies cost is $1,730 per month plus $11 per frame. For the month of March, the company
Stells [14]

Answer:

-$55  U

Explanation:

For computation of activity variance for supplies cost in March first we need to find the budgeted activity of standard supplies cost and actual activity of standard supplies cost is shown below:-

Budgeted activity of standard supplies cost = Supplies cost + Per frame cost × budgeted Activity frames

= $1,730 + $11 × 613

= $1,730 + $6,743

= $8,473

Actual activity of Standard supplies cost = Supplies cost + Per frame cost × Actual activity frames

= $1,730 + $11 × 618

= $1,730 + $6,798

= $8,528

So, activity variance for supplies cost = Budgeted activity of standard supplied cost - Actual activity of Standard supplies cost

= $8,473 - $8,528

= -$55

7 0
3 years ago
A financial planner is examining the portfolios held by several of her clients. Identify which of the following portfolios is li
sweet-ann [11.9K]

Answer:

C. A portfolio consisting of about three randomly selected stocks from different sectors

Explanation:

Standard deviation helps measure risks. It determines market volatility or the spread of asset price from their average price. When the volatility of prices are rapid, standard deviation becomes high which in turn means investment is risky and vice versa. Diversification of investment tend to reduce risk. A portfolio containing a diversified randomly selected stock from three sectors would have a lower standard deviation (risk) than the other portfolios stated in the question.

Diversification is a form of risk management.

3 0
3 years ago
Read 2 more answers
A local bank is running the following advertisement in the​ newspaper: "For just $ $2,000 we will pay you $140 ​forever!" The fi
Neko [114]

Answer:

6.56%

Explanation:

Given:

The amount paid to the bank = $2,000

Let the interest rate paid be 'r'

By compound interest ,

After 1 year the paid amount will be $2000 × ( 1 + r )

Now,

the bank is paying $140 every year

thus,

2000 × ( 1 + r ) = \frac{\textup{140}}{\textup{r}}

or

2000r + 2000r² = 140

on solving the above quadratic equation, we get

r = 0.0656

or

r = 6.56%

Hence,

interest rate the bank advertising = 6.56%

6 0
3 years ago
Bass Clef Music Company assigns workers to departments based on similar skills. Currently, the company has a marketing departmen
Anvisha [2.4K]

Answer: function

Explanation:

Functional departmentalisation is when units in an organisation are created according to the functions they serve.

When an organisation has a marketing department, a production department, a finance department, and a human resources department, it is practicing functional departmentalisation.

Functional departmentalisation enhances :

1. easy coordination of activities.

2. specialisation by members of staff.

Other forms of departmentalisation includes:

1. Product departmentalisation- it is used in a firm that produces many products. Units are created based on the different products been made.

2. Geographical departmentalisation- here units are formed based on the geographical location the unit caters to.

3. Customer departmentalisation- units are created based on the diferent customers that are been catered to.

4 0
3 years ago
Read 2 more answers
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