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2 years ago

Determine earnings per share for Sixer Company given the following:

Business

1 answer:

vodomira [7]2 years ago

5 0

Answer: D) $1.42

Explanation:

Earnings per share is calculated as the amount available to common shareholders divided by the number of common shares.

Income available to shareholders = After tax income - Preferred dividends

Income before taxes = $300,000

After tax income = 300,000 * ( 1 - 35%)

= $195,000

Preferred dividend = 10,000 * 3% * 60

= $18,000

Income available to shareholders = 195,000 - 18,000

= $177,000

Earnings per share = Income available to shareholders / Common shares

= 177,000/125,000

= 1.416

= $1.42

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zhannawk [14.2K]

Answer:

250 dresses

Explanation:

The first task would be to compute before tax net income when after tax net income is $21,000 at the tax rate of 30%

After tax net income=before tax net income*(1-t)

t is the tax rate of 30% or 0.30

after tax net income is $21,000

$21000=before tax net income*(1-0.3)

$21,000=0.7*before net income

before tax net income=$21,000/0.7=$30,000

Target units for before tax net income of $30,000 is computed thus:

target number of dresses=fixed cost+target profit/contribution per unit

fixed cost is $120,000

contribution per unit=sales price-variable cost

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target number of dresses=($120,000+$30,000)/$600=250 dresses

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2 years ago

Which of the following is a reason a coffee shop might exit from the market? Select all that apply.

malfutka [58]

Answer:

that answer is d

Explanation:

Angela uses cup of strawberries to make of a liter of smoothie. What is the unit rate in cups of strawberries per liter of smoothie?

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2 years ago

You have a $15,000 portfolio which is invested in Stocks A and B, and a risk-free asset. $6,000 is invested in Stock A. Stock A

DerKrebs [107]

Answer:

$7073.68

Explanation:

Data provided in the question:

Worth of portfolio = $15,000

Amount invested in stock A = $6,000

Beta of stock A = 1.63

Beta of stock B = 0.95

Beta of portfolio = 1.10

Now,

Beta portfolio = ∑(Weight × Beta)

let the amount invested in Stock B be 'x'

thus,

1.10 = [($6,000 ÷ $15,000 ) × 1.63] + [( x ÷ $15,000 ) × 0.95 ]

1.10 = 0.652 + [( x ÷ $15,000 ) × 0.95 ]

0.448 = [( x ÷ $15,000 ) × 0.95 ]

x = ( 0.448 × $15,000 ) ÷ 0.95

x = $7073.68

6 0

2 years ago

The balance in a company's Cash account on August 31 was $19,700, before the bank reconciliation was prepared. After examining t

SashulF [63]

Answer:

$17200

Explanation:

A balanced sheet is a statement of financial position that list the assets , liabilities and equities of an organization.

The items that affect the current asset (cash)balance in the balanced sheet for the month in the question are Cash book balance , deposit outstanding and check outstanding.

Cash book balance - 19700

Deposit outstanding - 1800

Less check outstanding - (4300)

17200

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2 years ago

ICH E6 has broader requirements than FDA or HHS concerning confidentiality of medical records and access by third parties. If in

Soloha48 [4]

Answer:

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Explanation:

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2 years ago