ints) During 2018, Falwell Inc. had 500,000 shares of common stock and 50,000 shares of 6% cumulative preferred stock outstanding. The preferred stock has a par value of $100 per share. Falwell did not declare or pay any dividends during 2018.Falwell's net income for the year ended December 31, 2018, was $2.5 million. The income tax rate is 40%. Falwell granted 10,000 stock options to its executives on January 1 of this year. Each option gives its holder the right to buy 20 shares of common stock at an exercise price of $29 per share. The options vest after one year. The market price of the common stock averaged $30 per share during 2018.What is Falwell's basic earnings per share for 2018, rounded to the nearest c

Answers

Answer 1

Answer: $4.34

Explanation:

The net income for diluted earnings per share will be calculated as:

Net income: $2,500,000

Less: preferred dividend: $300,000

= $2,200,000

To calculate the number of shares goes thus:

Total shares of stock options = 10,000 × 20 = 200,000 shares

Proceeds = 200,000 × $29

= $580,000

Shares of treasury stock will be:

= $580,000/$30

= 193,333 shares

Net shares added will be:

= 200000 - 193333

= 6667

Tge total shares for the diluted earnings per share will now be:

= 500,000 + 6667

= 506,667

The diluted earnings per share:

= $2,200,000/506667

= $4.34


Related Questions

Suppose 2-year Treasury bonds yield 3.3%, while 1-year bonds yield 2.7%. r* is 1%, and the maturity risk premium is zero. Using the expectations theory, what is the yield on a 1-year bond, 1 year from now? Calculate the yield using a geometric average. Do not round intermediate calculations. Round your answer to two decimal places. % What is the expected inflation rate in Year 1? Year 2? Do not round intermediate calculations. Round your answers to two decimal places. Expected inflation rate in Year 1: % Expected inflation rate in Year 2: %

Answers

Answer:

3.90%

1.7%

2.9%

Explanation:

Give the following :

Yield on 2 years Treasury bond (Y2) = 3.3% = 0.033

Yield on 1 years Treasury bond (Y1) = 2.7% = 0.027

r* = risk free rate = 1%

Yield on 1 year bond, 1 year from now :

Compounded yield on yield 1 at 2.7% + Interest on return = compounded yield on 2 years bond :

(1 + 0.027) = yield on year 1

(1 + y) = yield one year from now

(1 + 0.027)¹ + (1 + y)¹ = (1 + 0.033)²

1 + y = (1 + 0.033)² / (1 + 0.027)¹

1 + y = 1.067089 / 1.027

1 + y = 1.0390350

y = 1.0390350 - 1

y = 0.03903

Yield = 0.039 * 100% = 3.90%

Inflation premium = yield rate - Risk free rate - maturity risk premium

Maturity risk premium = 0%

Hence,

For year 1

Inflation premium = 2.7% - 1% - 0% = 1.7%

For year 2:

Inflation premium = 3.9% - 1% - 0% = 2.9%

PLEASE ANSWER QUICKLY: (FIRST ANSWER GETS BRAINLIEST)

Manuel wants to better manage his money and has started to seriously focus on financial planning. He has looked at his accounts and his other resources. What is the NEXT step Manuel should take in the financial planning process?


Identify his short-term and long-term financial goals.


Identify his potential goals.


Periodically review and revise his financial plan.

Answers

Answer:  A. Identify his short-term and long-term financial goals.

Explanation:

You're welcome :)

After going over his accounts and resources, Manuel should reflect on his short-term and long-term financing.

What is short and long-term finance?

Short period financing methods cast off a mortgage to make a purchase, commonly with a time period of much less than 365 days. Trade credit, commercial bank loans,commercial paper and secured loans.

Long period finance may be described as any economic device with an exceeding one year, consisting of financial institution loans, bonds, leasing, and different sorts of debt finance, public finance instruments.

So from the above declaration, it's clear that short and long-time period financing, is the ideal answer.

Learn more about short and long term financing, refer to:

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What are the activities that should take place during the performing stage Business studies

Answers

Answer: See explanation

Explanation:

According to Tuckman, he believed that there are five developmental stages for every team which are:

1. forming stage

2. storming stage

3. norming stage

4. performing stage

5. adjourning stage.

The performing stage involves the stage at which there's confidence and motivation among the team members and they can actually work on the project without being supervised.

At this stage, members have a strong relationship and readily assist each other. Tasks are being delegated to the group by the leader of the team. Also, when there are conflicts, they are easily and quickly resolved.

The type of cover letter written to inquire about possible job openings: a. Networking letter b. Prospecting letter c. Application letter d. Follow up letter Please select the best answer from the choices provided A B C D

Answers

The type of cover letter written to inquire about possible job openings: b. Prospecting letter.

What is prospecting letter?

Prospecting letter can be defined as the type of cover letter writing by a prospective applicant to a company or  human resources manager so as to inquire about a job opening.

The applicant  tend to include the the following in the cover letter:

QualificationSkillsExperience Why he/her is suitable for the job and what he/she can offerWhy the applicant should be invited for an interview Why he/her should be given the job

Inconclusion the type of cover letter written to inquire about possible job openings: b. Prospecting letter.

Learn more about prospecting letter here:https://brainly.com/question/3602860

Answer:

b.

Prospecting letter

Explanation:

i took the test

True or false: Good intuition is just as important as good research. NEED ANSWERS FAST

Answers

Answer:

True

Explanation:

I jus got 100% on the quiz.

What line will you type an email address on if you want a person's email to remain
private ?

A) Subject
B) осс
C) Blind Carbon Copy
D) Signature

Answers

Answer:

for a persons email to remain private the line you will use is Blind Carbon Copy (BCC)

c.... blind carbon copy

THANKS FOR TODAY FOR THE PEOPLE WHO HELPED

Answers

Answer:

Nice to bad I din't help

What is the definition of business

Answers

Answer:

See below

Explanation:

Business refers to the practice of producing or purchasing goods and services for sale to make a profit. It is the act of engaging in commercial activities of buying and selling products and services for profits.

Business entails individuals and companies' activities of supplying desired products and services to customers with profit motives. A businessperson identifies a need in the community. He or she sells to the community goods or services that satisfy that need a higher price to make a profit.

How and why is SWOT (strengths, weakness, opportunities, and threats) used in the marketing plan ?

Answers

Answer:

SWOT Analysis is a simple but useful framework for analyzing your organization's strengths, weaknesses, opportunities, and threats. It helps you to build on what you do well, to address what you're lacking, to minimize risks, and to take the greatest possible advantage of chances for success.

Explanation:

Randall describes his job this way.
"I visit different office buildings and service heating and cooling units that are not working properly."
Which of the Construction industry careers is Randall most likely part of?
O Landscaping
O Construction
O Maintenance/Operations
O Design/Pre-Construction
Help now please

Answers

Answer:

It is most likely c

Explanation:

Answer:

The correct answer is C.

Explanation:

Randall is most likely part of Maintenance/Operations.

Hopefully, this helps! :D

Ask your question below!

epreciation on the equipment for the month of January is calculated using the straight-line method. At the time the equipment was purchased, the company estimated a residual value of $4,500 and a two-year service life.The company estimates future uncollectible accounts. The company determines $13,000 of accounts receivable on January 31 are past due, and 30% of these accounts are estimated to be uncollectible. The remaining accounts receivable on January 31 are not past due, and 4% of these acc

Answers

Complete question text:

1. Depreciation on the equipment for the month of January is calculated using the straight-line method. At the time the equipment was purchased, the company estimated residual value of $4,500 and two-year service life. Equipment cost $16,000

2. The company estimates future uncollectible accounts. The company determines $13,000 of accounts receivable on January 31 are past due, and 30% of these accounts are estimated to be uncollectible. The remaining accounts receivable on January 31 are not past due, and 4% of these accounts are estimated to be uncollectible.

Account Receivable 46,400

Allowance 4,300

Answer:

depreciation expense 479.17 debit

  accumulated depreciation - equipment 479.17 credit

-----

uncollectible account expense 2,236 debit

  allowance for uncollectible amount 2,236 credit

Explanation:

We solve for the yearly depreciation:

(cost - residual value) / useful life

(16,000 - 4,500) / 2 = 5,750 per year

monthly depreciation: 5,750 / 12 = 479,17

--------------------

We solve for the different receivables ages:

13,000 x 40% = 5,200

46,400 - 13,000 = 33,400 not past due

33,400 x 4% = 1,336

we add them together and get 6,536

now we compare against the current allowance to determiantethe adjustment:

6,536 - 4,300 = 2,236

a. Sold merchandise for cash (cost of merchandise $20,797). $ 35,200 b. Received merchandise returned by customers as unsatisfactory (but in perfect condition) for cash refund (original cost of merchandise $240 ). 400 c. Sold merchandise (costing $3,800 ) to a customer on account with terms n/60. 8,000 d. Collected half of the balance owed by the customer in (c). 4,000 e. Granted a partial allowance relating to credit sales the customer in (c) had not yet paid. 128 Hair World is considering a contract to sell merchandise to a hair salon chain for $13,000. This merchandise will cost Hair World $9,040. What would be the increase (or decrease) to Hair World’s gross profit and gross profit percentage?

Answers

Answer:

The Gross profit will be "18315".

Explanation:

Gross sales  

= [tex]35200+8000[/tex]

= [tex]43200[/tex]

Less:

Sales return

= [tex]-400[/tex]

Less:

Sales allowance

= [tex]-128[/tex]

The net sales will be

= 42672

So,

⇒  Cost of goods sold = [tex]20797+3800-240[/tex]

                                      = [tex]24357[/tex]

⇒  Gross Profit = [tex]Net \ Sales-Cost \ of \ goods \ sold[/tex]

                          = [tex]42672-24357[/tex]

                          = [tex]18315[/tex]

If the coupon interest rate is 4.375% for the first six months and changes to a rate equal to the 10-year Treasury bond rate plus 1.3% thereafter, the bond is called a bond. Which feature of a bond contract allows the issuer to redeem a bond issue immediately in its entirety at an amount greater than par value prior to maturity? Deferred call provision Call provision Put provision Convertible provision Which term is used to describe a call provision in which the issuer is prevented from calling a portion or the entire issue for several years during the early years of the bond issue? Sinking fund provision Declining call provision Deferred call provision

Answers

Answer:

If the coupon interest rate is 4.375% for the first six months and changes to a rate equal to the 10-year Treasury bond rate plus 1.3% thereafter, the bond is called a FLOATING RATE bond.

Which feature of a bond contract allows the issuer to redeem a bond issue immediately in its entirety at an amount greater than par value prior to maturity?

CALL PROVISION

When issuers call a bond, it means that they redeem an outstanding bond before its maturity date. E.g. a bond matures in 10 years, but the issuer decides to redeem them (buy they back) in 2 years

Which term is used to describe a call provision in which the issuer is prevented from calling a portion or the entire issue for several years during the early years of the bond issue?

DEFERRED CALL PROVISION

Something that is deferred is something that has been postponed. So a deferred call provision is a call provision that is postponed for a certain amount of time. I.e. if the issuer wants and is able to call the bond, they must wait until a certain amount of years pass.

Which statement best summarizes why productivity of workers is important to businesses? (5 points)

Group of answer choices

Productive workers save businesses time and money.

Productive workers work cooperatively with teammates.

Productive workers tend to be promoted to management.

Productive workers work slowly to produce high quality items.

Answers

Answer:

Productive workers save businesses time and money.

Explanation:

Productive workers save businesses time and money - this statement best summarizes why productivity of workers is important to businesses.

Why productivity of workers is important to businesses?

Productivity stands for the efficiency of the production of goods or services represented by some measure. Employee productivity exists as an estimation of an employee's or a group of employees' efficiency.

Employee productivity exists essential regardless of the industry your business operates in or its size. Productivity directs to better customer service, a healthful work environment, and satisfied employees. Improved productivity also improves output, or production, usually for the exact amount of work or less.

The correct answer is option A.

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#SPJ2

This information relates to Sunland Co.. 1. On April 5, purchased merchandise from Blossom Company for $26,400, terms 4/10, n/30. 2. On April 6, paid freight costs of $590 on merchandise purchased from Blossom Company. 3. On April 7, purchased equipment on account for $33,900. 4. On April 8, returned $5,200 of April 5 merchandise to Blossom Company. 5. On April 15, paid the amount due to Blossom Company in full. (a) Prepare the journal entries to record the transactions listed above on Sunland Co.’s books. Sunland Co. uses a perpetual inventory system. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) No. Date Account Titles and Explanation Debit Credit 1. choose a transaction date enter an account title enter a debit amount enter a credit amount.

Answers

Answer and Explanation:

The journal entries are shown below:

1. Merchandise inventory $26,400

        To Account payable $26,400

(Being purchase is  recorded)  

2. Merchandise inventory $590

         To Cash  $590

(Being freight paid)  

3. Equipment $33,900

       To Account payable $33,900

(Being purchase of an equipment is recorded)  

4. Account payable $5,200

           To Merchandise inventory $5,200

(Being purchase return is recorded)  

5. Account payable $21,200 ($26,400 - $5,200)

       To Cash $20,352

       To Merchandise inventory ($21,200 × 0.04%) $848

(Being the amount paid is recorded)

Business professionals often use the acronym SMART to describe good business goals. What does the acronym stand for?
The acronym SMART stands for Specific,
, Achievable, Realistic, and
.

Answers

Answer:

and timely the last ones timely

Answer: Realistic!

Explanation: I took the test

Which is one reason why a business may want to move entirely online?

Answers

Answer:To focus on a global market

Explanation:

Focusing on a global market can help with sells and you can profit off of it.

Q 19.22: Portland and Hadley operate in the same industry. Portland's sales, variable costs, and fixed costs are $1,000,000, $700,000, and $100,000, respectively. Hadley's sales, variable costs, and fixed costs are $1,000,000, $400,000, and $400,000, respectively. If each company experiences an equal increase or decrease in sales, Hadley's income will

Answers

Answer:

Go up or down by the same amount as Portland’s because both companies have equal net income

Explanation:

Here are the options to this question :

A: Go up twice as much as Hadley’s, but go down only half as much as Portland’s.

B: Go up or down twice as much as Portland’s.

C: Go up or down by the same amount as Portland’s because both companies have equal net income.

D: Go up or down half as much as Portland’s.

Income = Revenue - total costs

total costs = fixed costs + variable cost

For Portland

$1,000,000 - ($700,000 + $100,000) = $200,000

For Hadley :

$1,000,000 - ($400,000 + $400,000) = $200,000

If each company experiences an equal increase or decrease in sales, Hadley's income will increase and decrease as much as Portland's because both companies have equal net income

the greater the dash the easier the object will move​

Answers

Answer:

correct. its true and I absolutely agree with you. good job

Explanation:

Bc y=2x-1^3 is the equation

6. Describe at least three things a bank would consider about you when deciding whether to give you a loan. (1-3 sentences. 3.0 points)

Answers

Explanation:

Your Credit History

Your Ability To Pay The Loan

Your Cash Flow History

what policy is a way the SEC protects investors

Answers

Requiring companies to disclose financial information.

When researching a career goal, it is probably most important to ask what ____
you will need for this career.
O A. shoes
O B. cell
O c. briefcase
O D. education

Answers

Answer: Education

It’s the best choice out of all of these.

Which of the following are types of evidence that can be used to support a
controlling idea? *
facts (statements that can be proved true)
statistics (data that is gained from research)
examples (specific instances of a general idea)
anecdotes (brief stories that illustrate a point)
all of the above

Answers

Answer:

all of the above

Explanation:

The controlling idea is the text that grabs the reader's attention in a paragraph or headline. It arouses curiosity in the audiences. The controlling idea makes people eager and anxious for details. In support of the controlling idea, the writer uses evidence to paint a clear picture of the events or story.

Some of the evidence that a writer can use include

Verifiable facts and dataReal-life stories and experiencesResearch outcomesFactual information in the public domain

If the price of gasoline increases, most likely, ceteris paribus, the result will
be:
A. An increase in the demand for cars.
B. An increase in the supply for cars
C. A decrease in the supply for cars
D. A decrease in the demand for cars

Answers

Answer:

A

Explanation:

Hello i am happy to answer this for you.

I believe the answer is D

My reasoning is that if the gasoline prices went up people will not want to pay for the gas anymore so people will not want gas fueled cars if they have to pay a higher price for the gasoline.

Sry if wrong

Why did the Indians crossed the Americans boarder

Answers

because many of them, well in most cross the border into the United States for better opportunities, or because of risky causes in their home country, can vary the reason why they cross

Learning Objective 4 - Prepare Financial Statements
From the data below prepare an income statement, a statement of owner's
equity, and a balance sheet for the month ended March 31, 200x for Snow
Excursions Company.
Description
Balances on March 31, 200x
Jon Snow Capital (beg balance)
S2,000
Snow Equipment
1.000
Rent Expense
400
Accounts Payable
2,000
Fee Revenue
1.000
Cash
3,000
Utilities expense
100
Accounts Receivable
150
5
Salary expenses
200
Withdrawals
150

Answers

Answer:

150Explanation:

Explain the importance of profit to the economy.

Answers

Answer:

Explanation:

Profit is the surplus revenue after a firm has paid all its costs. ... In a capitalist economy, profit plays an important role in creating incentives for business and entrepreneurs. For an incumbent firm, the reward of higher profit will encourage them to try and cut costs and develop new products

The ____ section of the project scope document is where the contractor or project team can state and clarify exactly what is included in the work scope and provide an opportunity to reconsider items that are not stated but that the customer may have forgotten to include in her requirements or RFP.

Answers

The statement of work section of the project scope document is where the contractor or project team can state and clarify exactly what is included in the work scope and provide an opportunity to reconsider items that are not stated but that the customer may have forgotten to include in her requirements or RFP.

I hope this helps :)

Cooperatives save members money by
O purchasing supplies and services as a group.
securing financing from banks as a group.
O charging more to sell their products as a group.
O sharing all profits democratically as a group.

Answers

Answer: A

Explanation: by purchasing supplies and services as a group

Cooperatives save members money by purchasing supplies and services as a group securing financing from banks as a group.

What are cooperatives?

Cooperatives are a type of financial institution that is owned and run by members of the cooperative. Each member in the cooperative have equal rights and privileges.

Members in a cooperative save their money and this money is lent out to members at a low level of interest rate.

To learn more about cooperatives, please check: https://brainly.com/question/9902152

Which describes the jobs of these three individuals?
O Prudence is a Special Education Teacher, Sangita is a Distance Learning Coordinator, and Edmond is
Psychologist
O Prudence is a Kindergarten Teacher, Sangita is a School Principal, and Edmond is an Educational Cou
O Prudence is a Pre-School Teacher, Sangita is a Regulator Affairs Specialist, and Edmond is a Guidance
Counselor,
O Prudence is a Tutor, Sangita is an Instructional Coordinator, and Edmond is an Instructional Designer.

Answers

Answer:

Answer is C

Explanation:

Answer: C - Prudence is a Pre-School Teacher, Sangita is a Regulator Affairs Specialist, and Edmond is a Guidance Counselor.

Explanation: good luck!

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