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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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Answer and Explanation:

Option B is the correct answer

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2 years ago
Suppose the nominal GDP is $25 million, the price level is 1.25, and the central bank has set the money supply at $10 million. W
lidiya [134]

Answer:

a) real GDP =$20,000,000

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Given the nominal GDP=$25 million and the price level =1.25 then,

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Apply the quantity equation in economics which is;

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Given the money supply is=$10,000,000 then,

velocity of money = (price level*real GDP)/money supply

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velocity of money =2.50

4 0
3 years ago
Read 2 more answers
What is the primary reason that so many new businesses fail??
morpeh [17]
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Bill currently uses his entire budget to purchase 5 cans of Pepsi and 3 hamburgers per week. The price of Pepsi is​ $1 per​ can,
FinnZ [79.3K]

Answer:

Option (B) is correct.

Explanation:

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6 0
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EleoNora [17]

Answer:

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