Fultz Company had 300,000 shares of common stock issued and outstanding at December 31, 2017. During 2018, no additional common stock was issued. On January 1, 2018, Fultz issued 400,000 shares of nonconvertible preferred stock. During 2018, Fultz declared and paid $180,000 cash dividends on the common stock and $150,000 on the nonconvertible preferred stock. Net income for the year ended December 31, 2018, was $960,000. What should be Fultz's 2018 earnings per common share, rounded to the nearest penny?

Answers

Answer 1
Answer:

Answer:

$2.7 per share

Explanation:

Given that,

shares of common stock issued and outstanding =  300,000

Dividends on the nonconvertible preferred stock = $150,000

Net income for the year ended December 31, 2018 = $960,000

Earnings per share:

= (net income - preferred dividend) ÷ Number of shares outstanding

= ($960,000 - $150,000) ÷ 300,000

= $2.7 per share


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Answers

C. Depreciation is a decline in the value of currency.

On holiday weekends thousands of people picnic in state parks. Some picnic areas become so overcrowded the benefit or value of picnicking diminishes to zero. Suppose that the Minnesota State Park Service institutes a variable fee structure. On weekdays when the picnic areas get little use, the fee is zero. On normal weekends, the fee is $8 per person. On holiday weekends, the fee is $14 per person. The fee system corrects a problem known as the

Answers

Answer:

The fee system corrects a problem known as the Tragedy of the commons.

Explanation:

The tradegy of the commons is an economic theory that states how individuals make use and exploit natural resources to the point of depletion, out of their own self-interests and disregarding the general well-being of society. The term was made popular by biologist Garrett Hardin's scientific publication of the same name in 1968 and references economist William Lloyd when talking about the devastation of pastures in England back in 1832. This example proves that all individuals act on self-interest by contrasting the limited use of private owned pastures to preserve the land and the health of its herd, to the common pasture that was devastated by all herdsmen.

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Answers

Answer:

$190

Explanation:

The equilibrium price of the lawnmower can be deduced from the graph ; it is the point of intersection of the orange and blue line ; which is the intersection point if the supply and demand line. The price axis is located on the vertical y-axis. This intersection point when traced to the left of the graph gives the equilibrium price. Hence, the equilibrium price as obtained from the graph is about $190

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Answers

Answer: Personnel policies and programs

Explanation:

 The personnel policies and the program is refers to the force of magnetism which is used to assess for reviewing the structural empowerment in an organization.

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Answers

The right answer for the question that is being asked and shown above is that: "b. The insured pays a premium for a specified number of years." the statement that best describes term life insurance is that b. The insured pays a premium for a specified number of years.

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Learn more about life insurance here:

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Adeeb is part of a group of students who are working with a bakery to collect marketing research. The bakery wants to determine whether a new type of pastry would be successful. Adeeb's group decides to conduct a taste test and then have respondents fill out a survey about their thoughts. Questions would include whether they liked or disliked the pastry, what they liked or disliked about it, and whether they would purchase it at certain price points.

Answers

Answer:

C) exploratory research

Explanation:

When the problem is not clearly defined, investigators usually use exploratory research. In this case, what does it mean for a pastry to be successful: has good taste, sells a lot, increases revenue, is profitable, how can it be improved, etc.

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i don’t know sorry I have to answer a question so I can ask a question so yeah haha