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ASHA 777 [7]
3 years ago
10

Ahnberg Corporation had 560,000 shares of common stock issued and outstanding at January 1. No common shares were issued during

the year, but on January 1, Ahnberg issued 180,000 shares of convertible preferred stock. The preferred shares are convertible into 360,000 shares of common stock. During the year Ahnberg paid $108,000 cash dividends on the preferred stock. Net income was $1,060,000. What were Ahnberg's basic and diluted earnings per share for the year
Business
1 answer:
AnnyKZ [126]3 years ago
6 0

Answer:

Basic earnings per share = $1.7

Diluted earnings per share = $1.03

Explanation:

Basic earnings per share = (Net Income - preferred dividends)/Weighted average shares outstanding

Basic earnings per share = (1,060,000-108,000)/560,000

Basic earnings per share = $1.7

Diluted earnings per share = [Net Income - preferred dividend]/(outstanding shares+Diluted Shares)

Diluted earnings per share = (1,060,000-108,000) / (560,000+360,000 )

Diluted earnings per share = $1.03

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Economists know it is best to track inflation because a. It distorts prices b. It distorts statistics about overall economic per
UkoKoshka [18]

Answer:

c. it makes prices rise

Explanation:

Inflation describes a situation where there is a general increase in prices in the country. Inflation is directly linked to economic growth. A high growth rate results in high inflation.

Inflation causes prices to rise, reducing the purchasing power of money. A reduction in purchasing power means a unit of money will buy fewer items than it did previously. The government puts in measures to counter inflation to stabilize prices and prevent erosion of purchasing power.

Low inflation indicates slow economic growth, low employment, and a reduction in prices.

5 0
3 years ago
Bill is trying to decide what combination of bananas and apples to buy. A banana costs half as much as an apple. If no apples ar
tia_tia [17]

Answer:

To maximize utility, Bill can will buy one banana and one apple.

Explanation:

Utility maximisation refers to the concept that individuals and firms seek to get the highest satisfaction from their economic decisions.

For example, when deciding how to spend a fixed some, individuals will purchase the combination of goods/services that give the most satisfaction.

The theory of Utility maximization highlights two fators

  • combination of goods
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if a banana cost half as much as an apple,

Cost of banana = cost of apple/2

cost of apple - cost of banana × 2

Assuming the cost of one banana is $1

The cost of buying 6 bananas = 6×$1 = $6

the same $6 can only buy 3 apples

Therefore the price of apples is $2

If the total amount available = $6,

It can purchase one banana and one apple.

8 0
3 years ago
I need help! It’s for a test.
Vilka [71]
I think is D



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7 0
2 years ago
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Rebecca Huang receives a regular salary of $2,600 a month and is paid 1/2 times the regular hourly rate for hours worked in exce
dimaraw [331]

The over time rate of pay is $22.5 overtime per hour. While the total gross pay at 43 hours is 667.5 dollars.

a. The regular salary = $2600 monthly

The annual salary = $2600 * 12

= 31200 dollars.

The weekly salary in a year

We have 52  weeks in a year

Weekly salary = 31200/52

= 600 dollars.

She works for 40 hours weekly.

Pay per hour = 600/40

= 15

The overtime pay per hour that Rebecca receives

15*1\frac{1}{2}

= 15 * 1.5

= 22.5

Therefore Huang's overtime pay is 22.5 dollars.

b. If she works 43 hours during the week

15 dollars * 40 hours = 600 dollars

43-40 = 3 overtime hours

3 x 22.50 per hour = 67.5 dollars.

The total gross wages = 600 dollars + 67.5 dollars

= 667.5 dollars.

Read more on brainly.com/question/13887624?referrer=searchResults

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2 years ago
Aldricus is a shutterbug. He takes his camera everywhere he goes. He has hung hundreds of pictures on his walls. For Aldricus, p
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