Business, 30.05.2020 01:01 asad92

Flyaway Travel Company reported net income for 2021 in the amount of $105,000. During 2021, Flyaway declared and paid $3,625 in cash dividends on its nonconvertible preferred stock. Flyaway also paid $25,000 cash dividends on its common stock. Flyaway had 55,000 common shares outstanding from January 1 until 25,000 new shares were sold for cash on April 1, 2021. What is 2021 basic earnings per share?

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Answer from: CadenClough13

The 2021 basic earnings per share is $1.68

Explanation:

In order to calculate the 2021 basic earnings per share we would have to use the following formula:

Basic EPS = (Net income - Preferred Dividend) / Weighted average common shares outstanding

According to given data:

Net income=$105,000

Preferred Dividend=$3,625

The calculation of the Weighted average common shares outstanding would be as follows:

Period Months Number of shares outstanding Weighted Number

A B A*B /12

Jan 1 to Mar 31 3 55,000 13,750

April 1 to Dec. 31 9 80,000 (55,000 +25,000) 60,000

(40000+10000)

The Weighted average common shares is 60,000

Therefore, Basic EPS = (Net income - Preferred Dividend) / Weighted average common shares outstanding

Basic EPS= ($105,000 - $3,625) / 60,000

Basic EPS=$1.68

Answer from: Quest

start by isolating the variable on one side by adding 43w^2 to both sides. the equation will read:

25w^2+5=0

*subtract 5 from both sides*

25w^2=-5

*divide both sides by 25*

w^2=-1/5

*take the square root of both sides*

w=√(-1/5)

the square root of -1 is i. the square root of 5 remains √5

the answer is i/√5.

hope this

Answer from: Quest

hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi

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Flyaway Travel Company reported net income for 2021 in the amount of $105,000. During 2021, Flyaway...

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