answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Ede4ka [16]
2 years ago
15

Financial information for Forever 18 includes the following selected data (in millions): ($ in millions) 2018 2017 Net income $

156 $ 188 Preferred stock dividends $ 23 $ 18 Average shares outstanding (in millions) 300 400 Stock price $ 11.87 $ 10.82 Required: 1-a. Calculate earnings per share in 2017 and 2018
Business
1 answer:
e-lub [12.9K]2 years ago
6 0

Answer:

$0.4433 and $0.425

Explanation:

The computation of the earning per share is shown below:

Earning per share is

= (Net income - preference dividend) ÷ (average shares outstanding)

For 2017, it is

= ($156 - $23) ÷ (300 shares)

= $0.4433

For 2018, it is

= ($188 - $18) ÷ (400 shares)

= $0.425

We simply applied the above formula so that the earning per share could be come for both the years

You might be interested in
Mobility Partners makes wheelchairs and other assistive devices. For years it has made the rear wheel assembly for its wheelchai
Cloud [144]

Answer:

Considering the allocate fixed cost, it would not be a good option.

It will generate a financial disadvantage of 22,950

Explanation:

\left[\begin{array}{cccc}&produce&buy&Differential\\Purchase&&282,600&-282,600\\Variable Cost&270,000&&270,000\\Fixed Cost&68,400&32,850&-35,550\\Total Cost&338,400&315,450&-22,950\\\end{array}\right]

Fixed overhead; 38 x 1800 = 68,400

There is a portion of 35,550 fixed cost which is tracable to the real wheel assembly line thus, will be eliminated.

But 32,850 would not.

Considering this, it would not be a good option to stop the assembly line and purchase the component

7 0
2 years ago
Kohl Co, provides warranties for many of its products. The January 1, 2019, balance of the Estimated Warranty Liability account
Brums [2.3K]

Answer and Explanation:

The computation is shown below;

a. For Warranty Expense

= Sales × Estimated Warranty Percentage%  

= $4,144,400 × 0.87%%

= $36,056.28

b)

The amount that should be reported is

Opening Balance of Estimated Warranty Liability Jan. 1, 2019 $42,635

Less: Actual warranty costs in 2019 ($26,750)

Add: Warranty expense accrued in 2019 $35,056

Closing  Balance of Estimated Warranty Liability Dec. 31, 2019 $50,941

8 0
2 years ago
Tomorrow at 9:00am you have a job interview. Because interviews have become routine for you and you know how the interview proce
Zigmanuir [339]

Answer:

Neither your self serving bias nor constructs nor ethnocentrism nor stereotypes. None of the stated

3 0
2 years ago
Kendra believes the u.s. government to be corrupt, and thinks that there should be no governing force to control people's lives.
Rainbow [258]
The answer is anarchy.
4 0
2 years ago
If a certain market were a monopoly, then the monopolist would maximize its profit by producing 4,000 units of output. If, inste
nevsk [136]

Answer:

A

Explanation:

A monopoly is when there are two firms operating in an industry.

A duopoly is when there are two firms operating in an industry. When the two firms collude, they become a monopoly.

If a monopoly maximises profit by producing 4000 units, the colluding duopolist would also maximise profit by producing 4000 units

3 0
2 years ago
Other questions:
  • When sam goes to a restaurant, he always tips the server $2 plus 10% of the cost of the meal. if sam’s distribution of meal cost
    7·1 answer
  • Marquese is making 10 pounds of trail mix from raisins and nuts. Raisins cost $3.45 per pound, and nuts cost $7.95 per pound. Ho
    5·2 answers
  • Your portfolio is comprised of 36 percent of Stock X, 18 percent of Stock Y, and 46 percent of Stock Z. Stock X has a beta of 1.
    10·1 answer
  • To help finance a major expansion, Castro Chemical Company sold a noncallable bond several years ago that now has 20 years to ma
    8·1 answer
  • You are selling a new line of T-shirts on the boardwalk. The selling price will be $25 per shirt. The labor cost is $5 per shirt
    5·1 answer
  • 3)During a routine market study conducted by CL Foods, it was noted that Chinese and Indian food products were in high demand in
    6·1 answer
  • On October 31, 2018, the bank statement shows that your company has $13,456.73 in its checking account. You are aware of three o
    13·2 answers
  • Frolic Corporation has budgeted sales and production over the next quarter as follows: July August September Sales in units 70,0
    12·1 answer
  • Houston repeatedly promised his daughter, Allyson, that he would pay one-half of the costs for Allyson to attend a private, hist
    13·1 answer
  • Shannon and Ian, student consultants, chose a home construction business as a client for a semester strategic planning assignmen
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!