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Paraphin [41]
1 year ago
11

At December 31, 2019, Bramble Corporation had the following stock outstanding. 10% cumulative preferred stock, $100 par, 108,506

shares $10,850,600 Common stock, $5 par, 4,024,760 shares 20,123,800 During 2020, Bramble did not issue any additional common stock. The following also occurred during 2020. Income from continuing operations before taxes $23,480,400 Discontinued operations (loss before taxes) $3,292,300 Preferred dividends declared $1,085,060 Common dividends declared $2,210,000 Effective tax rate 35 % Compute earnings per share data as it should appear in the 2020 income statement of Bramble Corporation.
Business
1 answer:
ale4655 [162]1 year ago
5 0

Answer:

The earnings per share for Bramble in 2020 is $2.99

Explanation:

This was arrived at by preparing income statement for 2020,where in the results from continued operations and discontinued were shown.

The income from continued operations attracted tax at 35% while the losses from the discontinued operations got a tax benefit at the same 35% tax rate.

Note that the earnings used in calculating earnings per share is net of preferred dividends as only earnings  attributable to ordinary shareholders are considered.

Find attached spreadsheet for the full blown income statement and the calculation of earnings per share.

Download xlsx
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The manufacturing cost of an air-condioning unit is $544, and the full-replacement extended warranty costs $113. If the manufact
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Answer:

$11,457,522

Explanation:

If the full extended warranty costs are $113 per unit replaced, and 20% of the 506,970 units sold will be replaced, then the total warranty costs are:

total warranty costs = total number of units sold x percentage of units that need warranty replacement x cost per unit replaced

total warranty costs = 506,970 units x 20% x $113 per unit = $11,457,52

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2 years ago
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Bailey is a new salesperson for a textbook publisher. She is compiling a list of professors who make textbook buying decisions a
maxonik [38]

Answer: It is called prospecting and qualifying.

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1 year ago
The supply of leather jackets would be expected to increase as a result of: A. a decrease in the cost of producing leather jacke
Alexeev081 [22]

Answer: Option A and B

Explanation: The given case relates to the law of supply.

As per the law of supply, the price and the quantity supplied of  a good or service are positively related to each other. However there are other factors also which affects the demand such as the cost of production.

If the price of a commodity rises or its cost of production decreases then the profit margin of it increases for the supplier. This increased margin works as an incentive to produce and supply more to the market.

Hence the correct option is A and B.

4 0
2 years ago
Will mark brainliest if answered!! due today!! this was in my business class so i chose business
leonid [27]

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Rochelle

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Because Rochelle oil company is safer than lionel because if there was a leak the damage would be very big.

3 0
1 year ago
BBB Company has been a successful manufacturer of quality electronics products for the past 20 years. It is a publicly traded co
OverLord2011 [107]

Answer:

Answer 1.

Beneath referenced pointers show that organization arranged the liquidation for recent years or something like that.  

  • The way that there had been no interest in R&D for recent years which more likely than not brought about noteworthy cost putting something aside for the organization.  
  • BBB bought expanded size of stock on layaway from providers in recent years which is a warning.  
  • Indeed, even without bringing about any R&D cost for recent years, CFO of BBB moved toward the bank to expand the credit line of the organization and utilized all credit line without legitimate desk work.  
  • CFO erroneously guaranteed the brokers about new product offering so as to look for advances/increment credit line.  
  • Indeed, even with diminished deals, organization was indicating lower supply of stock. They more likely than not been offering the stock at cost to outsider or shrouded it at an undisclosed area to dupe the providers.  
  • With no interest in R&D and declining business possibilities, organization couldn't have given new offers for subsidizing  

Answer 2.

Yes, even if it is a fraudulent filing for bankruptcy, BBB organization despite everything can select to petition for financial protection or BBB can close the business through and through and escape with the reserve funds and continues from the offer of the stock. Indeed, even leasers and providers reserve the option to petition for automatic insolvency against the BBB in the event that BBB doesn't seek financial protection.  

It thoroughly relies upon the BBB Company, in the event that it selects to declare financial insolvency under section 7, or 11 of the liquidation code. Be that as it may, it is just under section 11 liquidation procedures of the chapter 11 court it very well may be set up that BBB's aim and untrustworthy strategic policies establishes to insolvency misrepresentation.

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1 year ago
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