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NeTakaya
2 years ago
12

During 2021, Falwell Inc. had 610,000 shares of common stock and 61,000 shares of 9% cumulative preferred stock outstanding. The

preferred stock has a par value of $100 per share. Falwell did not declare or pay any dividends during 2021. Falwell's net income for the year ended December 31, 2021, was $3.6 million. The income tax rate is 25%. Falwell granted 15,500 stock options to its executives on January 1 of this year. Each option gives its holder the right to buy 31 shares of common stock at an exercise price of $40 per share. The options vest after one year. The market price of the common stock averaged $41 per share during 2021. What is Falwell's basic earnings per share for 2021, rounded to the nearest cent
Business
1 answer:
Korvikt [17]2 years ago
6 0

Explanation:

I dont k ow and I dont care

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You and a group of friends are planning to visit a theme park, which charges $60 for admission, $100 for a two-day pass, and $13
enyata [817]

Answer:

<u><em>Part 1. </em></u>

  • <em>Average cost per day of a three-day pass</em> =  $53.33/day per person

  • <em>Marginal cost of adding the third day </em>= $190 - $160 = $30 per person

<em />

<em><u>Part 2.</u></em>

  • <em>Group's marginal cost of switching from the two-day pass to the three-day pass</em> = $180

Explanation:

The total <em>cost</em> is the <em>admission charge</em> ($60) plust the cost of the pass ($100 or $130).

For a <em>two-day pass</em> that is: $60 + $100 = $160, per person

For a <em>three-day pass</em> that is: $60 + $130 = $190, per person

<u><em>Part 1. The average cost per day of a three-day pass per person. </em></u>

The <em>average cost</em> is the total cost divided by the number of days.

  • <em>Average cost</em> = $160/3days = $53.33/day per person

The <em>marginal cost of adding the third day</em> per person is found by subtracting the total cost for two days from the total cost for three days:

  • <em>Marginal cost of adding the third day</em> = $190 - $160 = $30 per person

This says that althoud the average cost for the three days is $53.33 the cost of adding the third day is $30, which is much lower; thus, it is a good deal to buy a three-days pass, as they are interested in spending a lot of time there.

<u><em>Part 2. The group's marginal cost of switching from the two-day pass to the three-day pass</em></u>

<em></em>

Since the <em>marginal cost of switching from the two-day pass to the three-day pass</em> is $30 per person, the marginal cost for the 6-person group is 6 times $30:

  • 6 persons × $30/person = $180.

8 0
3 years ago
According to economists, when two people make the exactly opposite decision:
disa [49]

Answer:

b. each person evaluates the situation according to his/her individual self-interest.

Explanation:

This can be generally seen in ancient and modern form of economics where in the course of their works, they can end up countering themselves in the midst of a project.

Here, or in a case of such, a great part of economics deals and accommodates psychology an the both economics that have probably found themselves in the field are expected to evaluate the situation according to each others self interest; especially when knowing the risks, pros and negative effect of the activities that is been carried out.

Secondly, this model is a useful measurement device by which economic situations can be evaluated and also levels of competition that exist in real markets can be checked.

6 0
3 years ago
Which agency is responsible for approving states' special education plans and releasing idea funds accordingly?
tatiyna
The Office of Special Education and Rehabilitative Services is the agency responsible for approving a state's special education plan and releasing the IDEA funds accordingly.  These offices also help schools understand the services and responsibilities. These services help with those who have a learning disability or need specialized attention/help in school. 
7 0
3 years ago
Name 2 advantages and 2 disadvantages of opening a franchise.
deff fn [24]

Answer:

two advantages are having your own buisness and being able to make money, and doing what you love (or like)

two disadvantages are the cost of owning a buisness, and a building to have it in.

Explanation:

5 0
3 years ago
A cosmetic company manufactures products for skin and hair care for both men and women in the 20- to 50-year-old age group. Whic
meriva

Answer:

The correct answer is: Demographic.

Explanation:

To begin with, the term <em>''segmentation''</em> in the field of marketing, refers to the procedure of grouping the people into common groups according to their shared characteristics. Moreover, this procedure is done in order to make it easier for the company to understand to which market is the company addresing and who are they consumers.

To continue, there are many segmentation approaches, however the one used according to the age of the audience is the <em>''demographic segmenation''</em>, that focuses in the consumers' demographic variables such as age, sex and gender, assuming that their similar profiles will exibit similar purchasing patterns.

5 0
3 years ago
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