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elixir [45]
2 years ago
9

Frantic Fast Foods had earnings after taxes of $1,380,000 in 20X1 with 301,000 shares outstanding. On January 1, 20X2, the firm

issued 12,000 new shares. Because of the proceeds from these new shares and other operating improvements, earnings after taxes increased by 30 percent.Compute earnings per share for the year 20X1
Business
1 answer:
Free_Kalibri [48]2 years ago
4 0

Answer:

$4.58

Explanation:

The formula to compute the earning per share is shown below:

Earning per share = (Earnings after tax) ÷ (Number of shares outstanding)

                              = ($1,380,000) ÷ (301,000 shares)

                              = $4.58

We simply divide the earning after tax by the outstanding share so that the approximate earning per share can come

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Crises that are caused by volatile international financial flows are in large part __________ advances in technology coupled wit
vekshin1
Crises that are caused by volatile international financial flows are in large part PAYMENT advances in technology coupled with GREATER openness in financial market. This is because, financial capital is very volatile and technological advances has enhanced this volatility. Lack of transparency and poor and corrupted governance can intensify the crises.
3 0
2 years ago
Jane Thorpe has been offered a seven-year bond issued by Barone, Inc., at a price of 943.22. The bond has a coupon rate of 9 per
Lapatulllka [165]

Answer:

Yes

Explanation:

Given:

  • F = 1000$
  • n = 7
  • Coupon rate = 9%, because  it pays the coupon semiannually, so

=> Coupon payment = 1000*9%/2 = 45

  • Current market rate, YMT=  10%

So the current value of bond is:

C(1- (1+r)^(-n)/r + F/((1+r)^{n}

<=>45(1 - (1+0,1)^(-7/0.1)) + 1000(1+0,1)^7

<=> C = $951

So she will buy the bonds at the offered price 943.22 because it is smaller than $951

4 0
2 years ago
You have savings of $100. You plan to save another $100 at the beginning of each year for 5 years. The account pays annual inter
Brut [27]

Answer: The ending balance (principal plus interest) will be $638.10

Explanation:

To calculate this we need to use the Quarterly Interest formula

CI quarterly = P (1+ (R/4)/100)^4n

CI is the compound interest payable

I is the initial principal sum of money

R is the interest rate in percentage at which interest accrued over time

n is the time period in years

For the first year the total amount plus interests is

CI = $ 100 (1 + (8/4)/100)^4x1

CI = $100 (1 + 2/100)^4

CI= $100 (1 + 0.02)^4  

CI = $100* 1.0824

CI = $108.24

For the second year = $100+ $108.24= $208.24

CI = $ 208.24 * 1.0824

CI = $225.41

For the third year = $100 + $ 225.41 = $325.41

CI = $325.41 * 1.0824

CI = $352.23

For the fourth year = $100 + $ $352.23 = $452.23

CI  = $452.23 * 1.0824

CI = $ 489.51

For the fifth year =  $100+ $489.51 = $589.51

CI = $589.51 * 1.0824

CI = $ 638.10

8 0
2 years ago
According to research, a majority of adolescents' favorite computer games involve
Lelechka [254]
According to research, a majority of adolescents favorite computer games involve violence.
Computer games such as Quake II and Doom involves the illustration of extreme violence. The majority of the adolescents favorite the computer games that involve violence because violent games have proven to be so famous. Young people are already at risk for violent behavior because of the influence of computer games and media.
4 0
2 years ago
Firms in Japan often employ both high operating and financial leverage because of the use of modern technology and close borrowe
tekilochka [14]

Answer:

combined degree: 3,5385

Explanation:

degree of operating leverage:

\frac{contribution}{EBT}

contribution: Q (sales - variable cost)

150,000 x (30 - 7) = 150,000 x 23 = <u>3,450,000</u>

EBT =  contribution - fixed cost - interest expense

 3,450,000 - 2,050,000 - 425,000 = <u>975,000</u>

\frac{contribution}{EBT}

\frac{3,450,000}{975,000}

combined degree: 3,5385

3 0
2 years ago
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