Bastion Corporation earned net income of $200,000 this year. The company began the year with 10,000 shares of common stock and issued 5,000 more on April 1. They issued$7,500 in preferred dividends for the year. What is the EPS for the year for Bastion?
Answers
The EPS for Bastion Corporation for the year is $24.87 per share. This means that for every share of common stock outstanding, the company earned $24.87 in net income.
The EPS, or earnings per share, is a financial metric used to measure a company's profitability on a per-share basis. It is calculated by dividing the net income by the total number of outstanding shares. To calculate the EPS for Bastion Corporation, we first need to determine the weighted average number of shares outstanding during the year. The weighted average number of shares is calculated by taking the number of shares outstanding for each period and multiplying it by the number of days that the shares were outstanding during that period.
For Bastion, the calculation would be as follows:
10,000 shares outstanding for the first three months (January to March)
5,000 shares outstanding for the remaining nine months (April to December)
Weighted average shares outstanding = ((10,000 x 91) + (5,000 x 274)) / 365
Weighted average shares outstanding = 7,727.4
Next, we can calculate the earnings per share by dividing the net income by the weighted average number of shares outstanding:
Net income = $200,000
Preferred dividends = $7,500
Earnings available to common shareholders = $200,000 - $7,500 = $192,500
EPS = Earnings available to common shareholders / Weighted average number of shares outstanding
EPS = $192,500 / 7,727.4
EPS = $24.87 per share
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Related Questions
In 2016, Armenia had a real GDP of approximately $4.21 billion and a population of 2.98 million. In 2017, real GDP was $4. 59 billion and population was 2.97 million. From 2016 to 2017, Armenia's standard of living
A) decreased.
B) increased.
C) did not change.
D) might have increased, decreased, or remained unchanged but more information is needed to determine which.
Answers
From the year 2016 to 2017, Armenia's standard of living increased. This is because the GDP increased. The correct option is B.
What is GDP?GDP refers to Gross Domestic Product, which is the value of all goods and services generated within a country's borders during a specified period.
The following formula is used to determine GDP:
GDP = C + I + G + (X-M)
where, C stands for Consumption,
I stands for Investment,
G stands for Government spending,
X stands for exports, and
M stands for imports.
In this problem, we are given that the real GDP of Armenia was approximately $4.21 billion in 2016 and $4.59 billion in 2017, which indicates an increase in GDP. GDP is used to measure a country's economic growth or how well off the country is, therefore, it is an essential indicator of the standard of living.
Therefore, we can conclude that from 2016 to 2017, Armenia's standard of living increased.
Therefore, the correct option is B.
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Buckle retail outlet stores are typically located in major and regional indoor shopping centers. Buckle's products appeal to customers who enjoy dressing in the latest denim and casual fashion. The sales associates are trained to deliver a high level of customer service, offering suggestions on sizing, selection, and putting outfits together. In addition, associates assist with after-sale service and are able to handle returns and provide money back or store credit if a customer does not have their sales receipt. Thus, sales associates are _______ to do what's necessary to assure customer satisfaction and loyalty, since they have authority to solve customer problems on the spot.
Answers
The sales associate should be empowered for assuring customer satisfaction & loyalty at the time when there is an authority for solving out the customer problem on the spot.
The following information should be relevant:
The salesperson should be empowered that represent it that it could make the decision regularly in order to make the customer experience. Here the empowered means the authority or the power for controlling the own lives.Therefore we can conclude that the sales associate should be empowered for assuring customer satisfaction & loyalty at a time when there is an authority for solving out the customer's problem on the spot.
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3. Kevin took out a loan for a car. He must pay $3,000.00 in interest, service
charges, and loan fees. What lending term best describes these costs?
Answers
Answer:
The finance charge
Explanation:
The finance charge is the total cost incurred when borrowing money, including interest amount and all other fees. It is the extra money paid on top of the borrowed amount. The finance charge may be a flat fee or a percentage of the principal amount.
The finance charge represents the expense incurred for using credit. The finance charge is an important consideration when choosing a preferred lender.
Question 8 of 20 Which of the following reasons for writing a formal business document would lead you to write a proposal?
A. To tell your manager a project is on budget and on schedule
B. To summarize what happened during a meeting
C. To convince your manager to use a new meeting organization tool
D. To describe what tasks you completed during the week
Answers
Answer: i say A
Explanation:
Answer:
cc just did it
Explanation:
PLZ HELP MEEEEEEEEEE
Answers
Answer:
D
Explanation:
July company currently outsources a relay switch that is a component in one of its products. The switches cost $20 each. The company is considering making the switches internally at the following projected annual production costs: unit-level material cost $ 3 unit-level labor cost $ 2 unit-level overhead $ 1 batch-level set-up cost (5,000 units per batch) $ 25,000 product-level supervisory salaries $ 37,500 allocated facility-level costs $ 20,000 the company expects an annual need for 5,000 switches. If the company makes the product, it will have to utilize factory space currently being leased to another company for $1,500 a month. Moreover the company would need to hire an additional supervisor. If the company decides to make the parts, total costs will be: a. $27,000 less than if the switches are purchased. B. $20,000 less than if the switches are purchased. C. $10,500 more than if the switches are purchased. D. $30,500 more than if the switches are purchased.
Answers
The total costs if the company decides to make the parts, given the cost of making the part versus purchasing it, will be C. $10,500 more than if the switches are purchased.
What are the costs of purchasing v. buying ?The cost of purchasing to July company would be :
= Number of switches x Cost of each switch
= 5, 000 x 20
= $ 100, 000
The cost to make the switches would be :
= Material cost + Labor cost + Overhead cost + Set up costs + Supervisor salary + Rent lost
= ( ( 3 + 2 + 1 ) x 5, 000 units ) + 25, 000 + 37, 500 + ( 1, 500 x 12 )
= $ 110, 500
Difference in cost :
= 110, 500 - 100, 000
= $ 10, 500
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Luke is going to school to get a degree in Veterinary Medicine. He wants to work in an animal hospital after he graduates. Which of the following job options would be most beneficial to Luke’s career while he is going to school? a. Babysit after school b. Work at a fast food restaurant c. Volunteer at a social service agency d. Work an entry level position at a veterinary clinic Please select the best answer from the choices provided A B C D
Answers
Answer:
D. Work an entry level position at a veterinary clinic
Explanation:
To become a veterinarian, get into vet school, get a job as a veterinarian, etc. You need experience. In this case, if he works a position at a veterinary clinic, he would be getting experience of what its like. He could be doing a job such as simply taking the dogs for a walk, and that would still be considered experience! So the answer would be D.
I also relate to this question a bit since I plan on going to vet school after I graduate. Hope this helps :)
Answer:
D
Explanation:
EDG 2021
t/f a patent gives the inventor exclusive right to make, use, or sell the item for usually 40 years.
Answers
A patent gives the inventor exclusive right to make, use, or sell the item for usually 40 years is False.
The length of a patent term can vary depending on the country or region, but 20 years is the standard.
A patent grants the inventor exclusive rights to make, use, and sell their invention for a limited period, but the duration of patent protection varies depending on the type of patent and the country in which it is granted.
In most countries, including the United States, the standard term for utility patents, which cover new and useful inventions, is 20 years from the filing date.
However, it is important to note that patent terms can be influenced by various factors, such as the filing date, patent office delays, patent term adjustments, and patent term extensions in specific industries (e.g., pharmaceuticals). The duration of patent protection can also vary for other types of patents, such as design patents or plant patents.
Therefore, the statement that a patent gives the inventor exclusive rights for usually 40 years is false. The standard term for most utility patents is 20 years.
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4) Activity 5: Check for ONE Make Your Stand: After graduation you decide to establish your own business. How will you organize it given the life cycle below? 1, Birth 2. Youth 3. Midlife 4. Maturity
Answers
The business lifecycle can be defined as the phases that a business goes through since its conception. It is important that when opening your own business, you understand the phases of the business life cycle to better understand the business and develop strategies to help the business succeed.
1. Birth:
It is the stage where the business is created. In this phase, the company's facilities must be organized, strategic planning, hiring employees, buying stocks and publicizing the inauguration.
2. Youth:
At this stage, the business is becoming known in the market and is starting to generate positive financial results. It is a phase where the focus must be on customer loyalty and on the balance between expenses and income.
3. Middle age:
It is the phase where the business already has a clientele and has already conquered its market share, in this phase the quest is to ensure greater positioning and market leadership.
4. Maturity:
The company has already conquered a loyal clientele and supports itself, in this phase that can last for decades, the business is already consolidated and positioned. The focus therefore must be on maintaining market leadership and differentiation from competitors.
Therefore, the business lifecycle will help the entrepreneur to better manage and control market situations that directly impact the business.
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A(n) ______ is defined as trying to earn a profit by providing goods and services that satisfy people's needs and wants.
Answers
Every individual or business wants to make profit this is done by providing goods and services that satisfy people's needs and wants.
What is a business?
A business is an organization that aims at making a profit by providing goods and services that are desired by individuals also known as customers.
Business meets a need and gets profit in return.
Therefore, A Business is defined as trying to earn a profit by providing goods and services that satisfy people's needs and wants.
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Gain From Trade Discussion Question There are two people: Brandon, who is really, really good at cleaning front yards and mowing lowns; and Jim, who doesn't have front yards of lawns in his current time and is worse than Brandon at both. In the course of a weckend, Brandon can clean ten front yards or mow five lawns. lim, on the other hand, can clean only one front yard or mow only two lawns. Can two people still gain from trade even if one person is a lot better at both jobs than the other person? Please use opportunity cost and comparative advantage to analyze and give the answer. THREE PROMPTS for your first discussion post: 1) What is opportunity cost and what is comparative advantage? 2) Calculate and compare opportunity costs to show who has the comparative advantage in cleaning front yard and who has the comparative advantage at mowing lawns? 3) Give your conclusion on whether Brandon and Jim can both gain from trade as per the principle you newly leamed.
Answers
Yes, Brandon and Jim can both gain from trade because they have comparative advantages in different tasks, allowing them to specialize and exchange their services for mutual benefit.
Opportunity cost refers to the value of the next best alternative foregone when making a choice, while comparative advantage is the ability to produce a good or service at a lower opportunity cost compared to others. In this scenario, Brandon's opportunity cost of cleaning one front yard is 0.5 lawns, and Jim's is 2 lawns. Brandon has a comparative advantage in cleaning front yards. Jim's opportunity cost of mowing one lawn is 0.5 front yards, while Brandon's is 2 front yards. Jim has a comparative advantage in mowing lawns.
Therefore, by specializing in their respective tasks and trading, both Brandon and Jim can gain from trade and increase their overall efficiency and productivity.
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at the beginning of this year, the company has a $1,000,000 investment opportunity with the following characteristics: sales$ 1,100,000 contribution margin ratio 40% of salesfixed expenses$ 363,000 if the company pursues the investment opportunity and otherwise performs the same as last year, the combined roi for the entire company will be closest to:
Answers
At the beginning of this year, the company has a $1,000,000 investment opportunity with the following characteristics: sales$ 1,100,000 contribution margin ratio 40% of sales, fixed expenses$ 363,000 if the company pursues the investment opportunity and otherwise performs the same as last year, the combined ROI for the entire company will be closest to
7.7%.
To calculate the combined Return on Investment (ROI) for the entire company, we need to consider the investment opportunity and its impact on the company's financial performance.
First, let's calculate the contribution margin for the investment opportunity:
Sales: $1,100,000
Contribution Margin Ratio: 40% of sales
Contribution Margin = Sales x Contribution Margin Ratio
Contribution Margin = $1,100,000 x 0.40
Contribution Margin = $440,000
Next, we need to subtract the fixed expenses from the contribution margin to determine the net profit:
Net Profit = Contribution Margin - Fixed Expenses
Net Profit = $440,000 - $363,000
Net Profit = $77,000
To calculate the ROI, we divide the net profit by the initial investment:
ROI = Net Profit / Initial Investment
ROI = $77,000 / $1,000,000
ROI = 0.077
The ROI for the investment opportunity is 0.077 or 7.7%.
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S has a Whole Life policy with a premium payment due soon. Which provision would keep the policy in force if S does not make the required payment and the policy has adequate cash value from which the premium payment can be made?
Answers
The provision that would keep the Whole Life policy in force if the premium payment is not made but there is adequate cash value in the policy is the Automatic Premium Loan provision.
The Automatic Premium Loan provision is a feature in Whole Life insurance policies that allows the insurer to use the policy's cash value to pay the premium if the policyholder fails to make the required payment. This provision helps to prevent the policy from lapsing due to non-payment. When the premium payment is due and the policyholder does not make the payment, the insurer will automatically take a loan from the policy's cash value to cover the premium amount. This loan is used to keep the policy in force, ensuring that the death benefit and other policy benefits remain intact.
The loan amount, including any interest charged, is added to the policy's outstanding balance. If the policyholder later decides to repay the loan, they can do so to restore the policy's cash value. However, if the loan remains unpaid, it will be deducted from the policy's cash value upon the policyholder's death.The Automatic Premium Loan provision is designed to provide policyholders with a safety net in case they are unable to make a premium payment while still maintaining the coverage and benefits of the Whole Life policy.
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any place where, or mechanism by which, buyers and sellers interact to trade goods, services, or resources is a called a(n): multiple choice question. system.
Answers
Any place where, or mechanism by which, buyers and sellers interact to trade goods, services, or resources is called a market.
A market is a group of economics-related processes that permit the exchange of goods and services between parties. The bulk of markets relies on sellers offering their goods or services—including labor—to buyers in exchange for money, notwithstanding the potential of parties exchanging commodities and services through barter.
A market might be described as the process by which prices for products and services are decided. In addition to facilitating commerce, markets allow for the distribution and allocation of resources within a community. In a market, any traded good can be evaluated and valued.
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what is meant by business objectives
Answers
Answer:
Business objectives are something which a business organisation wants to achieve or accomplish over a specified period of time. These may be to earn profit for its growth and development, to provide quality goods to its customers, to protect the environment, etc.
Answer:
Business objectives are something that a business organization wants to achieve or accomplish over a specified period of time.
Explanation:
These may be to earn profit for its growth and development, to provide quality goods to its customers, to protect the environment, etc.
carla earns $125,000 from january through november 2017, before resigning to work for a new employer who pays her $3,000 for december 2017. how much fica would be withheld on the $3,000
Answers
$229.50 since fica t
More queation?
Ticker Services began operations in Year 1 and holds long-term investments in available-for-sale debt securities. The year-end costs and fair values for its portfolio of these investments follow. Portfolio of Available-for-Sale Securities Cost Fair Value December 31, Year 1 $ 10,200 $ 18,400 December 31, Year 2 17,200 26,100 December 31, Year 3 21,200 30,800 December 31, Year 4 15,300 20,000 Prepare journal entries to record each year-end fair value adjustment for these securities.
Answers
The unrealized gains and losses are recorded in a separate account until the securities are sold, at which point the realized gain or loss would be recorded in the income statement.
To record each year-end fair value adjustment for the available-for-sale securities, the following journal entries should be made:
Year 1:
Debit: Available-for-sale securities - unrealized gain $8,200
Credit: Unrealized gain on available-for-sale securities $8,200
(To record the increase in fair value of available-for-sale securities)
Year 2:
Debit: Available-for-sale securities - unrealized gain $8,900
Credit: Unrealized gain on available-for-sale securities $8,900
(To record the increase in fair value of available-for-sale securities)
Year 3:
Debit: Available-for-sale securities - unrealized gain $9,600
Credit: Unrealized gain on available-for-sale securities $9,600
(To record the increase in fair value of available-for-sale securities)
Year 4:
Debit: Available-for-sale securities - unrealized loss $5,300
Credit: Unrealized loss on available-for-sale securities $5,300
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a free rider is a person who group of answer choices receives the benefit of a good but avoids paying for it. will only purchase a product on sale. rides public transit regularly. can produce a good at no cost.
Answers
A free rider is a person a) who receives the benefit of a good but avoids paying for it.
A free rider is a person who benefits from a good or service without contributing to its cost. This behavior is often observed in situations where the costs of providing a public good are shared collectively but the benefits are enjoyed individually.
Free riders can have a negative impact on the overall provision of the good or service as they reduce the amount of funds available to maintain it. For example, a person who rides public transit regularly without paying their fare is a free rider, as they benefit from the service without contributing to its costs.
Similarly, a person who only purchases a product on sale is also a free rider as they benefit from the discount without supporting the full cost of production.
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True or False When evaluating the choice you made you should never second guess your decision? Pls help
Answers
Answer:
False. When you want to make a decision, you have to think about the consequences. Good or bad? Will it affect someone mentally? Will it help you in the future? It's about the consequences.
Explanation:
list down five important elements on which market survey is carried out.
Answers
Answer: 8 Steps to a Successful Market Survey
Set a clear goal. ...
Know what target market to survey. ...
Know what you want to investigate. ...
Get help from the people who know surveys. ...
Consider the best way to get your answers. ...
Administer the survey effectively. ...
Conduct a thorough survey analysis. ...
Uncover the wider implications.
The 20 Most Valuable Market Research Surveys
1 – Market Description Surveys. ...
2 – Market Profiling-Segmentation Surveys. ...
3 – Stage in the Purchase Process / Tracking Surveys. ...
4 – Customer Intention – Purchase Analysis Surveys. ...
5 – Customer Attitudes and Expectations Surveys.
Hope this helps...... Stay safe and have a Merry Christmas!!!!!!!! :D
What may happen if your job does not require you to use the aptitudes you possess?
Answers
the income elasticity of money demand is 0.6 and the interest rate elasticity of money demand is -0.01. suppose that the central bank increases the money supply by 3%, real income increases by 2% and inflation is 2%. what is the percentage increase in the nominal interest rate? a. 5% b. 10% c. 20% d. 25%
Answers
The percentage increase in the nominal interest rate is approximately 0.585%. None of the given options (a. 5%, b. 10%, c. 20%, d. 25%) match this result.
To calculate the percentage increase in the nominal interest rate, we can use the following equation:
% change in nominal interest rate = [(Income elasticity of money demand * % change in real income) + (Interest rate elasticity of money demand * % change in money supply)] / Inflation rate
Plugging in the given values:
% change in nominal interest rate = [(0.6 * 2) + (-0.01 * 3)] / 2
% change in nominal interest rate = [(1.2) + (-0.03)] / 2
% change in nominal interest rate = 1.17 / 2
% change in nominal interest rate ≈ 0.585
The percentage increase in the nominal interest rate is approximately 0.585%. None of the given options (a. 5%, b. 10%, c. 20%, d. 25%) match this result.
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Rising interest rates have made borrowing more costly to consumers. As a result
of the most recent increase in interest rates, borrowing and consumption have
fallen throughout the economy, triggering a contractionary period. Growing
uneasy, citizens have been asking Congress to make an official statement as to
how long this contractionary period is expected to last. Which of the following is
an appropriate response?
Answers
Answer:
it depends on the measures taken to ensure that economy is stable.
Answer:
1. it is difficult to say since contractionary periods have varying lengths in different business cycles.
2. shock
3. high unemployment
4. two
5. expansion stage of the business cycle
Explanation:
just took it
suppose a study shows that the demand for lacoste shirts is more elastic than the demand for all shirts. what could be a likely explanation for this?
Answers
There are several factors that could explain why the demand for Lacoste shirts is more elastic than the demand for all shirts.
Some of the likely explanations include:
Brand recognition: Lacoste is a well-known and established brand, and consumers may be more likely to switch to alternative brands if the price of Lacoste shirts increases.
Price point: Lacoste shirts are typically more expensive than other shirts, which means that consumers may be more sensitive to price changes.
Availability of substitutes: There may be more substitute products available in the market for Lacoste shirts, which means that consumers have more options if they decide to switch brands.
Consumer income: The consumers who buy Lacoste shirts may have higher incomes, which means that they are more likely to be price-sensitive.
Product differentiation: Lacoste shirts may be seen as a luxury product or a status symbol, which means that consumers may be less willing to buy them if the price increases.
Overall, these factors can all contribute to a more elastic demand for Lacoste shirts compared to the demand for all shirts.
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Creating
public awareness about goods
produced by a company
responsibility of which
department?
A. Mechanical.
B. Marketing.
C. Personnel.
D. Production.
E. Administrative.
Answers
Answer:
I think production
hope it helps
The product Blank______ is the complete set of all products and services offered by a firm. Multiple choice question. width line category brand mix
Answers
The product mix is the complete set of all products and services offered by a firm.
What is a product mix?This is a term that is used to group all of the services or the products that is offered by a company or firm to their customers.
The product mix usually involves more than just one service or product. It is usually made up of two or more.
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Which of the following statements explains the difference between a lease and a loan?
a. At the end of a loan the car belongs to you, but at the end of a lease, the car still belongs to the
lease company.
b. At the end of a loan, the car still belongs to the lease company, but at the end of a lease the car
belongs to you.
C. A loan requires a large down payment at the beginning while a lease does not.
d. A lease requires a large down payment at the beginning while a loan does not
Answers
Answer:
A. At the end of a loan the car belongs to you, but at the end of a lease, the car still belongs to the
lease company.
Explanation:
The following statement which explains the difference between a lease and a loan, at the end of a loan the car belongs to you, but at the end of a lease, the car still belongs to the lease company. Thus, statement 'A' is the correct statement.
What is the difference between a lease and a loan?A lease is a long-term leasing arrangement for the use of a certain piece of equipment, whereas a loan is the borrowing of money. Loans and leases both offer advantages as a form of finance. The following are some crucial factors influencing your choice.
Loan: Typically, rates are variable and dependent on the prime rate or another index, like LIBOR. The monthly payout changes in line with changes in the index. This is advantageous when interest rates are down and harmful when they are rising. Banks won't fund machinery they don't understand or that they believe has little value as collateral.
Lease: Payments are typically fixed for the duration of the lease, barring any unusual terms. Budgeting and cash flow management are greatly facilitated by fixed payments. Because of our own financial capacity, we can finance most types of equipment.
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Question 5 of 10
When gathering information, which of the following tasks might you need to
perform?
A. Apply standards, such as measures of quality, beauty, usefulness,
or ethics
B. Seek out ideas from others and share your own ideas
C. Study objects, conduct lijsts, research written materials, and ask
questions
D. Fill out forms, follow procedures, and apply math and science
SEN
Answers
What is accounting system
Answers
Answer:
An accounting system is the system used to manage the income, expenses, and other financial activities of a business
Answer:
An accounting system is a structured and organized set of processes, procedures, and software designed to record, analyze, and report financial transactions and information of an organization.
Explanation: An accounting system is a framework that enables businesses and organizations to track and manage their financial activities. It encompasses various components such as financial records, journals, ledgers, charts of accounts, and accounting software. The accounting system helps in recording transactions, summarizing financial data, generating financial statements, and providing insights into the financial health and performance of the entity.
By implementing an accounting system, businesses can ensure the accuracy, reliability, and transparency of their financial information. It facilitates the tracking of revenues, expenses, assets, liabilities, and equity, allowing for effective financial management, decision-making, and compliance with legal and regulatory requirements. The accounting system serves as a vital tool for monitoring cash flow, analyzing profitability, budgeting, tax planning, and facilitating audits or financial reviews.
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Among the five groups of adopters, product avoiders who want to evade adoption as long as possible are known as:________
Answers
Among the five groups of adopters, product avoiders who want to evade adoption as long as possible are known as Laggards.
What are laggards ?A laggard can be described as the stock or security which is been seen as one that is underperforming in relative to its benchmark or peers.
It should be noted that A laggard do posses lower-than-average returns compared with respect to the market, hence Among the five groups of adopters, product avoiders who want to evade adoption as long as possible are known as Laggards.
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