During 2021, Nevin Corporation had 900,000 shares of common stock and 50,000 shares of 6% preferred stock outstanding. The preferred stock does not have cumulative or convertible features. Nevin declared and paid cash dividends of $300,000 and $150,000 to common and preferred shareholders, respectively, during 2021. On January 1, 2020, Nevin issued $2,000,000 of convertible 5% bonds at face value. Each $1,000 bond is convertible into five common shares. Nevin's net income for the year ended December 31, 2021, was $6 million. The income tax rate is 20%. What is Nevin's basic earnings per share for 2021, rounded to the nearest cent
Answers
Nevin Corporation's basic earnings per share for 2021 is $6.33 rounded to the nearest cent.
To calculate Nevin Corporation's basic earnings per share (EPS) for 2021, we need to determine the weighted average number of common shares outstanding.
First, let's calculate the weighted average number of common shares:
Weighted Average Number of Common Shares = Number of Common Shares at the Beginning + Number of Common Shares at the End/2= 900,000
Next, we calculate the earnings available to common shareholders:
Earnings Available to Common Shareholders = Net Income - Preferred Dividends
= $6,000,000 - $300,000
= $5,700,000
Finally, we calculate the basic earnings per share:
Basic EPS = Earnings Available to Common Shareholders / Weighted Average Number of Common Shares
= $5,700,000 / 900,000
= $6.33
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Related Questions
How does specialization affect voluntary exchange between countries?
Answers
Answer:
It increases voluntary exchange by encouraging other countries to be less self-sufficient
Explanation:
Using the midpoint method, the price elasticity of demand is determined to be about 0.67. What change in the price would cause a 12% increase in the quantity demanded
Answers
Using the midpoint technique, the price elasticity of demand is estimated to be around 0.67, implying that a 17.9% fall in price would result in a 12% increase in the quantity requested.
What is the price elasticity of demand?The price elasticity of demand is the ratio of a product's percentage change in quantity demanded to its percentage change in price. It is used by economists to understand how supply and demand fluctuate as the price of a product varies.
Knowing the price elasticity of demand for a product allows someone selling that product to make more informed pricing selections. This metric tells retailers about their clients' pricing sensitivity. It is also essential for manufacturers to design production plans and for governments to decide how to tax goods.
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Which deduction generally makes up the largest portion of income subtracted from an employee?
A) taxes
B) unemployment
C) health benefits
D) 401K retirement
Answers
Answer:
it's taxes
EXPLANATION:
Where is the main Federal Reserve Bank located?
Answers
please mark me brilliance
How long does it take for state tax refund direct deposit.
Answers
Is computer assembly a good job for a teenager?
Answers
No, if they are not educated about computers
Explanation:
Jobs help kids develop a sense of responsibility. Jobs help kids develop a greatest sense os self. To develop a teen under the age of 16 it costs more in insurance and there is extral laws as well so most businesses just don't do it. A best thing you can do is talk to your local shop owners. Go to the shop (during a non busy time) and ask if the owner has some time to walk to you and if not when would be a good time.
An article in a newspaper explains that a new business is about to open.
Answers
Answer:
So what's the question......??????
Melanie's partially completed Schedule A, Itemized Deductions, is shown below. Given the adjusted gross income limitation, what amount can she deduct for eligible medical and dental expenses?
Answers
Melanie's partially completed Schedule A, Itemized Deductions, is shown below. Given the adjusted gross income limitation, the amount can she deduct for eligible medical and dental expenses is $2,260, Option C
What is gross income limitation?Generally, Your Adjusted Gross Income (AGI) will never be more than the total gross income reported on your tax return, and in certain instances, it may even be lower.
How do I compute my gross income?Performing the calculation is not too difficult if you are paid on a yearly basis. To reiterate, gross income is the entire amount you make before taking into account any deductions for taxes or other expenses.
This is the standard way in which annual pay is presented. Simply divide the entire amount of money (your pay) that you are paid during the year by the number of months in the year.
In conclusion, The portion of Schedule A, Itemized Deductions, that Melanie has completed so far is shown below. In light of the restriction imposed by the adjusted gross income, the maximum amount that she is permitted to deduct for her qualified medical and dental costs is $2,260.
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CQ
Melanie's partially completed Schedule A, Itemized Deductions, is shown below. Given the adjusted gross income limitation, what amount can she deduct for eligible medical and dental expenses?
$0
$1,603
$2,260
$2,583
Adjusted gross income limitation not found
A long term goal taking _____ years to achieve can be broken down into shorter term goals, each taking _______ years to achieve
A. 16;32
B. 16;8
C. 8;32
D. 8;16
Answers
Answer:
B. 16;8
Explanation:
A short-term goal is something you want to do in the near future. The near future can mean today, this week, this month, or even this year. A short-term goal is something you want to accomplish soon.A long-term goal is something you want to do further in the future. Long-term goals require time and planning. They are not something you can do this week or even this year. Long-term goals usually take 12 months or more to achieve.once a sterile field is established, items on the field may only be handled with sterile gloves.
Answers
A nurse is performing a sterile dressing change. If new sterile items or supplies are needed, " with sterile forceps or hands wearing sterile gloves" they be added to the sterile field. Therefore, option A is correct.
If a sterile dressing change requires the addition of new sterile objects or instruments to the sterile field, they should be handled with sterile forceps or sterile gloved hands. This is important to maintain field sterility and prevent contamination. Sterile forceps or sterile gloved hands reduce the risk of introducing pathogens and contaminants by ensuring that new items are not touched by non-sterile surfaces or hands.
To maintain sterility during medical procedures, it is important to follow proper sterilization techniques and procedures.
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The complete question is:
A nurse is performing a sterile dressing change. If new sterile items or supplies are needed, how can they be added to the sterile field?
a. with sterile forceps or hands wearing sterile gloves
b. by carefully handling them with clean hands
c. with clean forceps that touch only the outermost part of the item
d. by clean hands wearing clean latex gloves
Issued by corporations, these financial instruments give their holders a class ownership in a company. They are riskier than bonds but less risky than the general class of ownership.
Answers
What is monopoly? Why a monopolist is referred as price maker?
Using a marginal principle, explaining with help of graph, to
maximize profit how the price-output relationship is achieved by a
monopoli
Answers
Monopoly refers to a market structure in which there is a single seller or producer of a good or service that has no close substitutes. As the sole participant in the market, a monopolist has significant control over the price and quantity of the product they sell.
A monopolist is referred to as a price maker because they have the ability to set the price for their product. Unlike in competitive markets where price is determined by the forces of supply and demand, a monopolist can independently choose the price at which they are willing to sell their product. The monopolist considers market demand, production costs, and profit maximization objectives to determine the price that will yield the highest profits.
To maximize profit, a monopolist employs the marginal principle. The marginal principle states that profit is maximized when marginal cost (MC) equals marginal revenue (MR). This principle is illustrated graphically by comparing the monopolist's marginal cost curve with the marginal revenue curve.
In the graph, the monopolist's marginal cost curve (MC) is upward sloping, representing the additional cost incurred to produce each additional unit of output. The marginal revenue curve (MR) for a monopolist is downward sloping because to sell more units, the monopolist must lower the price for all units sold.
To maximize profit, the monopolist chooses the quantity of output where marginal cost equals marginal revenue (MC = MR). At this quantity, the monopolist sets the corresponding price on the demand curve to maximize their total revenue and, consequently, their profit.
However, it's important to note that in a monopoly, the monopolist typically charges a price higher than the marginal cost, resulting in a deadweight loss or a loss of overall economic efficiency compared to a perfectly competitive market. This is one of the drawbacks of monopolistic market structures, as they often lead to higher prices and reduced consumer surplus.
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How does marketing help your product or service
Answers
Answer:
Marketing informs your customers about the products or services you're offering them. Through marketing, the customers get to know about the value of the products, their usage and additional info that might be helpful to the customers. It creates brand awareness and makes the business stand out.
Explanation:
Compensatory damages received on account of physical personal injury or physical sickness can be excluded from gross income. b. A payment for damaged or destroyed property is treated as an amount received in a sale or exchange of the property. c. Compensatory damages awarded on account of emotional distress cannot be excluded. d. Punitive damages are excluded from gross income. e. Compensatory damages received for age discrimination or injury to one's reputation cannot be excluded.
Answers
Answer:
a. True.
b. True.
c. True.
d. False.
e. True.
Explanation:
Taxation can be defined as the involuntary or compulsory fees levied on individuals or business entities by the government to generate revenues used for funding public institutions and activities.
The different types of tax include the following;
1. Income tax: a tax on the money made by workers in the state. This type of tax is paid by employees with respect to the amount of money they receive as their wages or salary.
2. Property tax: a tax based on the value of a person's home or business. It is mainly taxed on physical assets or properties such as land, building, cars, business, etc.
3. Sales tax: a tax that is a percent of the price of goods sold in retail stores. It is being paid by the consumers (buyers) of finished goods and services and then, transfered to the appropriate authorities by the seller.
The following are considered when filing for tax;
a. True: compensatory damages received on account of physical personal injury or physical sickness can be excluded from gross income.
b. True: a payment for damaged or destroyed property is treated as an amount received in a sale or exchange of the property.
c. True: compensatory damages awarded on account of emotional distress cannot be excluded.
d. False: punitive damages are excluded from gross income. All punitive damages incurred by a business or an individual are to be included as part of gross income.
e. True: compensatory damages received for age discrimination or injury to one's reputation cannot be excluded.
One of the greatest challenges for the growth of e-commerce is the development of fast, secure, and reliable payment methods for buying goods.
Answers
E-commerce has rapidly become a preferred mode of shopping for consumers worldwide, thanks to the convenience and accessibility it offers.
However, the challenge of ensuring safe, fast, and reliable payment methods remains one of the major issues hindering the growth of e-commerce. Payment systems should be secure enough to protect against fraudulent transactions, with multiple layers of security to safeguard sensitive information.
They should also be fast and efficient, ensuring that customers can quickly complete transactions without experiencing delays or errors. Furthermore, payment methods must be reliable, guaranteeing that the buyer's funds are transferred to the seller without any hitches.
Addressing these challenges requires continuous innovation in payment technologies and collaboration among stakeholders to promote safe and secure transactions. Advancements such as the integration of biometrics and blockchain in payment methods are promising, but it is essential to maintain a balance between security and usability for e-commerce to continue to grow.
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Kacey is working on an advertising campaign for a new granola bar. She develops an online survey to help her company decide which flavor combinations would make the most sense to invest in based on consumer preference. What position does Kacey MOST likely have in her company?
o market research analyst
o advertising, promotions, and marketing manager
o art director
o public relations specialist
Answers
Kacey MOST likely has a market research analyst position in her company Thus, option A is correct.
What is a survey?A survey can be defined as an opinion poll that is being taken by a group of people. this group of people can ah be at a random or from a prescribed category. This generally wants the Opinions of what the individual thinks of a particular situation.
As Kacey needs to add flavor to the granola bar she takes a market survey. This suggests that no she has a market research analyst position in which the market and its requirements incorporate it.
Therefore, option A is the correct option.
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help!
A way to establish a good credit record is to:
A) Borrow to the maximum individual credit limit
B) Pay bills when they are due
C. Use credit as little as possible or not at all
D) Use credit when income is unreliable
Explain why?
Answers
Answer:
B) Pay bills when they are due.
Explanation:
A loan can be defined as an amount of money that is being borrowed from a lender and it is expected to be paid back at an agreed date with interest.
Generally, the financial institution such as a bank lending out the sum of money usually requires that borrower provides a collateral which would be taken over in the event that the borrower defaults (fails) in the repayment of the loan.
A credit score can be defined as a numerical expression between 300 - 850 that represents an individual's financial history and credit worthiness. Therefore, a credit score determines the ability of a borrower to obtain a loan from a lender.
This ultimately implies that, the higher your credit score, the higher and better it is to obtain a loan from a potential lender. A credit score ranging from 670 to 739 is considered to be a good credit score while a credit score of 740 to 799 is better and a credit score of 800 to 850 is considered to be excellent.
Generally, it's recommended that loans or bills are paid on a timely basis or as at when due in order to obtain a good credit score.
Hence, a way to establish a good credit record (score) is to pay bills when they are due.
influences of Business environment,
Answers
Factors that Influence the business environment are :
Economic environmentSocial environmentTechnological environmentPolitical environmentLegal environment
The business environment means the total of all the individuals, and institutions that could affect the working of the business firm.
Importance of business environment:
Business environments help the firm to prepare itself for every possible obstruction or hindrance that can affect the functioning of the firm.It also helps the firm to adjust to frequent changes.The economic environment is all the things that create an economic impact on the firm.
The social environment is all the traditions and customs of the society that creates an impact on the firm.
The technological environment is all the impact on the firm caused due to new technology and upgradations.
The political environment is the conditions and behavior that the elected representatives hold toward the business
The legal environment is entirely based on the rules and legislation of the authorities.
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______ is the ability to change and be flexible as problems arise and priorities shift.
Answers
Answer:
Adaptability is the answer
A company issues 7%, 8-year bonds with a par value of $110,000 on January 1 at a price of $118,359, when the market rate of interest was 6%. The bonds pay
Interest semiannually. The amount of each semiannual interest payment is:
Answers
Answer:
Explanation:
a price of $118,359, when the market
he just finalized an arrangement where he will operate one of his stores next to the floral department of a local grocery store. he will pay rent for the space and will be responsible for all aspects of his business. what is this type of arrangement called?
Answers
he just finalized an arrangement where he will operate one of his stores next to the floral department of a local grocery store. he will pay rent for the space and will be responsible for all aspects of his business. This type of arrangement is called a leased department.
commercial enterprise refers to an enterprising entity or agency that carries out professional activities. They may be business, commercial, or others. For-income enterprise entities do enterprise to earn an income, whilst non-earnings ones do it for a charitable mission. Many agencies are operated through a separate entity such as an employer or a partnership (both formed without or with limited liability). maximum prison jurisdictions permit people to arrange such an entity by submitting certain constitution files with the applicable Secretary of state or equivalent and complying with positive other ongoing duties.
The relationships and felony rights of shareholders, restrained companions, or members are ruled partly with the aid of the constitutional documents and partly by means of the law of the jurisdiction where the entity is prepared. If the business acquires debts, the lenders can pass after the owner's non-public possessions. A business shape does not allow for corporate tax quotes. The proprietor is personally taxed on all profits from the enterprise.
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Discuss in your own words
1. Discuss the importance of having sources of capital and
good network in starting a business
2. Describe the role of legal requirments in starting a
business
3. Explain
Answers
1. Importance of sources of capital and good network in starting a business
The importance of having sources of capital and a good network in starting a business is that it provides a solid foundation for the company. Capital is required to invest in assets and support daily operations, while networking provides opportunities for collaboration, expansion, and access to resources. Both elements are critical to the growth and success of a business.
Sourcing capital is essential in supporting the development of a business idea from the onset. It is often challenging to find willing investors or lenders, but having a business plan that is well-thought-out, achievable, and marketable will go a long way in attracting support. Investors and lenders want to see that the business idea has the potential to make profits, as well as the ability to pay back the investment or loan.
Networks are essential in providing opportunities for growth and collaboration. Networking involves building relationships with other businesses, entrepreneurs, potential investors, and other stakeholders. These relationships can lead to referrals, recommendations, and other resources that can help the business grow and expand. Networking also provides the opportunity to learn from others who have already been successful in the field.
2. Role of legal requirements in starting a business
Legal requirements are essential in starting a business. The main answer regarding the role of legal requirements in starting a business is that they provide a framework for the business to operate within. These requirements help to protect the business, its employees, customers, and the environment. Legal requirements are also essential in ensuring that the business is operating legally and ethically.
The role of legal requirements in starting a business is to provide guidelines that businesses must follow. These requirements include registering the business, obtaining licenses and permits, paying taxes, adhering to zoning regulations, and following labor laws. Legal requirements also include environmental regulations, health and safety standards, and product labeling requirements. By complying with these requirements, businesses are demonstrating their commitment to operating ethically and legally, which helps to build trust with customers, employees, and investors.
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which risks do you think boxes-and-stuff might face?
Answers
Answer:
I think the risks boxes and stuffs might face is cracking or being destroyed through delivery time through transportation.
Explanation:
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PERSONAL FINANCE
What is a deductible? (1 point)
O the maximum amount a policy will pay out in any one year
O the amount paid by the policyholder to the insurer on a regular basis for the policy
O the amount paid by the policyholder before the insurance policy starts paying on the claim
O the amount paid after the deductible has been satisfied and until the out-of-pocket maximum has been reached
Answers
A deductible is the amount paid by the policy holder before the insurance policy starts paying on the claim.
What is Insurance?Insurance is a contract that allows a party to secure its asset from damage and the other party charges a premium and in return when the asset is damaged the amount of the asset is refunded or as directed in the contract.
Policy holder pays annual or monthly premiums which is also known as the deductible, after the payment of deductible the insurance company pays the policy holder as per the terms agreed in the contract.
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Answer: 1. a policy purchased from a company that provides financial protection against financial loss or harm caused by a possible event
2. the amount paid by the policyholder to the insurer on a regular basis for the policy
3. the amount paid by the policyholder before the insurance policy starts paying on the claim
4. Health insurance policies for those who do not have access to employer-provided health plans or who do not qualify for government-provided plans, offered through a marketplace, and purchased by individuals for themselves and their families.
5. Medicare
Explanation: My quizlet name is Aron_Sonn so consider dropping by :)
In a planned economy, prices of commodities are controlled by _________.
A.
Supply and demand
B.
Producers and consumers
C.
The government
D.
Private enterprises
Please select the best answer from the choices provided
Answers
What is the purpose of the W-4 form
Answers
Answer: The W-4 Form is the IRS document you complete for your employer to determine how much should be withheld from your paycheck for federal income taxes and sent to the IRS. Accurately completing your W-4 will help you avoid overpaying your taxes throughout the year or owing a large balance at tax time.
Explanation:
What is the product 0.3 × 8.7? please help me
Answers
Answer:
2.61
Explanation:
Which of the following retirement accounts would traditionally be offered by an employer instead of a traditional pension plan?
- 403(b)
- Traditional IRA
- Roth IRA
- 401(k)
Answers
Answer:
Which of the following retirement accounts would traditionally be offered by an employer instead of a traditional pension plan? ... A Roth IRA is beneficial because your withdrawals are tax-free.
Explanation:
Which of the following retirement accounts would traditionally be offered by an employer instead of a traditional pension plan? ... A Roth IRA is beneficial because your withdrawals are tax-free.
Answer:
C. Roth IRA
Explanation:
T/F: For a party to take by adverse possession, the party's possession must not be hostile to the true owner's rights
Answers
True. For a party to take by adverse possession, the party's possession must not be hostile to the true owner's rights the possession must be open, notorious, and without the owner's permission, but it should not be openly antagonistic or aggressive towards the true owner's interests.
.
Adverse possession is a legal doctrine that allows a person to claim ownership of another person's property through continuous and hostile possession for a specified period of time. In order to establish adverse possession, the possession must meet certain requirements, one of which is that it must not be hostile to the true owner's rights.Hostility, in this context, refers to the possession being without the owner's permission or against their interests. If the possession is openly and notoriously hostile to the true owner's rights, such as trespassing without permission, it cannot be considered adverse possession. The possession must be made in a manner that is inconsistent with the true owner's rights, which means the true owner should have notice of the adverse claim.
In order for a party to claim ownership by adverse possession, their possession must not be hostile to the true owner's rights. The possession must be open, notorious, and without the owner's permission, but it should not be openly antagonistic or aggressive towards the true owner's interests.
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Identify which of the following statements is true. Group of answer choices In a tax-free reorganization, the acquiring corporation's holding period for the acquired properties includes the period of time the target corporation held the properties. The receipt of cash by a shareholder results in the recognition of all of his or her realized gain even if the transaction qualifies as a tax-free reorganization. In a tax-free reorganization, if the acquiring corporation uses nonmonetary boot property, gains or losses will be recognized by the acquiring corporation. All of the above are false.
Answers
Answer:
d
Explanation: