Academy Driving School reported the following amounts in its financial statements:

Year 1 Year 2
Number of common shares 11,700 11,700
Net income $ 25,740 $ 20,740
Cash dividends paid on common stock $ 3,200 $ 3,200
Total stockholders' equity $ 260,000 $ 240,000


Calculate EPS and ROE for Year 2.

Answers

Answer 1

The EPS for Year 2 is $1.77 and the ROE for Year 2 is 8.64% for Academy Driving School.

What is EPS and ROE?

The earning per share is amount that will be earned by the share holders from the net income on per share. While the ROE is the return each shareholder will get the total amount of equity engaged in the net income earned by the company in a particular year.

Computation of EPS:

[tex]\begin{aligned}\text{EPS}&=\dfrac{\text{Net Income}}{\text{Number of Common Shares}}\\&=\dfrac{\$20,740}{\$11,700}\\&=\$1.77\end{aligned}[/tex]

Computation of ROE:

[tex]\begin{aligned}\text{ROE}&=\dfrac{\text{Net Income}}{\text{Shareholders' Equity}}\times100\\&=\dfrac{\$20,740}{\$240,000}\times100\\&=8.64\%\end{aligned}[/tex]

Therefore, for Year 2 the EPS is $1.77 and ROE is 8.64%.

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Related Questions

PLEASE HELP WILL MARK BRAINLIST IF RIGHT

Answers

Answer:

C) How should the goods be produced

Explanation:

In economics, it is very important to consider the consumer population as well as marketing audience, profitable products and ideas, and when they will generate the most profit.

Hope this helps!

L 5.4.2 Test (CST)!
Question 8 of 20
Which of these is a consequence of speeding?

Answers

Answer:

If you are pulled over by the police you will get a ticket for speeding.

You will go to court and be fined. In many cases, drivers can get jury duty or pay a fine depending on how much the state charges for speeding.

If you are not pulled over and are speeding the consequences can be indefinite. You can crash into another vehicle and cause physical damage to other passengers in the other vehichle not only to yourself. The damage can sometimes be irreparable like comas, paralyzed, or even brain/spinal damage.

Need more? Comment and let me know what you need.

True or false The fair Labor standards Act ( FLSA) requires that all employees receive time- and -half for work in excess of 40 hours in a week

Answers

Answer:

Yes, all. A non-exempt employee is eligible for overtime/compensatory time for hours in excess of 40 in a given week.

Do financial resources include which of the following helps businesses expand, pivot, or consolidate?

A: Loans
B: Projected revenue
C: Employee contributions

Answers

Answer:

that would be A. Loans

Explanation:

loan - credit

1 of 10
Which is an example of a graduated repayment plan for student loans?
Payment amounts are based on a percentage of what you earn.
Payments start lower and increase every 2 years.
Payments are low and can last up to 25 years.
O Payments are the same every month for 10 years.

Answers

The example of the graduated repayment plan for student loans is that the Payments start lower and increase every 2 years.

What is graduated repayment plan?

Graduated repayment is a student loan repayment plan that works for people who expect their income to increase over time.

Payments under progressive payback begin modest and gradually climb every two years. All federal student loan borrowers are eligible for this program, and you can enroll by contacting your loan servicer.

Therefore, option B is correct.

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explain the difference between Motivation and engagement

Answers

Answer:

Engagement is a sense of purpose, belonging, and commitment to an organization, whereas motivation is the willpower and drive to act on those feelings.

Internal motivation may lead us to take some action; for many, engagement refers to what we experience during the activity

Explanation:

Internal motivation may lead us to take some action; for many, engagement refers to what we experience during the activity.

Motivation is in longer with energy and direction, as well as the reasons for behavior and why we do what we do. The term “engagement” refers to energy in action; the connection between a person and an activity

How would a list of personal property and its worth help when
purchasing insurance?
A. It would help the insurance company know if the
individual will be late on insurance payments.
OB. It would help the individual decide how much
coverage he or she needs to purchase.
C. It would help the individual negotiate a better rate for
his or her insurance premiums.
D. It would help the insurance company know if the
individual is sincere or fraudulent.

Answers

i’m pretty sure it’s B i took this a while ago
It’s B I took this test about a couple minutes ago,

Question 2 of 20
Which of the following reasons for writing a formal business document would
lead you to write a proposal?
A. To describe what tasks you completed during the week
B. To tell your manager a project is on budget and on schedule
C. To convince your manager to use a new meeting organization tool
D. To summarize what happened during a meeting

Answers

I guess the answer is C. to convince your manager to use a new meeting organization tool

Ty ran a shop that sold and traded sports cards and sports memorabilia. He bought space on a billboard overlooking one of the main highways into the city and included the shop’s phone number (555-CARDS). The shop soon received a flood of phone calls inquiring about his location, stock, and business hours. The number of customers entering the store increased by tenfold and his sales doubled. Every person who traveled to Ty’s shop to look at his inventory as a result of his billboard promotion are
a.organic traffic
b.referrals
c.examples of up-selling
d.prospects

Answers

Every person who traveled to Ty’s shop to look at his inventory as a result of his billboard promotion are prospects.

Who is a prospect?

A prospect is an individual or group of people with the likelihood of buying or purchasing a product.

They are in the market for the product and has the money to buy the product. They fit into who the company identify as potential customers.

Therefore, Every person who traveled to Ty’s shop to look at his inventory as a result of his billboard promotion are prospects.

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What does PAP mean?A business is classified as small based on which of the following criteria?
Group of answer choices

independently owned and operated, less than 500 employees, and significantly impacts its industry

publically owned, less than 500 employees, and significantly impacts its industry

independently owned and operated, less than 100 employees, and marginally impacts its industry

publically owned, less than 100 employees, and marginally impacts its industry

Answers

Answer:

I know this not correct:

publically owned, less than 100 employees, and marginally impacts its industry XXX

Explanation:

In two to three sentences, describe how you would divide a page into two columns.

Answers

Answer:

Highlight the text you wish to split into columns. Select the “Page Layout” tab. Choose “Columns” then select the type of columns you wish to apply.

Explanation:

hope it helps!!!

Suppose the reserve requirement for the United States is 20%.

Instructions: Round your answers to the nearest whole number.

a. Suppose the Federal Reserve wants to increase the money supply. What should it do to accomplish this goal?
The Fed could make an open market purchase of $20 billion, resulting in a total increase in the money supply of $ ____ billion.

b. Now suppose the Fed wants to decrease the money supply. What should it do to accomplish this goal?
The Fed could make an open market sale of $30 billion, resulting in a total decrease in the money supply of $ ____ billion.

Answers

When the Federal Reserve wants to increase the money supply, it will purchase bonds from banks.

What is Federal Reserve?

It should be noted that the Federal Reserve controls the monetary aspect in an economy.

In this case, when the Federal Reserve wants to increase the money supply, it will purchase bonds from banks.

Also, when the Fed wants to decrease the money supply, the thing that should be done will be to sell bonds.

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Having the skill to coordinate different people and different tasks to work towards one goal is necessary for which of the following positions?

A: Secretary
B: Engineer
C: Manager

Answers

Answer:

C. Manager

Explanation:

The job of a manager is to organize all the units in the business for proper functioning

What would be your dream job working in the Sports Marketing world and why?

Answers

Answer:

I would say working with the productand giving ideas on how things are designed

Explanation:

hope this helps

Sports publicist
Because you can access hybrid working, lots of corporate discounts including gym membership at the YMCA with worksites in Mt Wellington and the City.

Economics Unit 5 Study Guide

Answers

The Government agency and the organizations are the groups that are facilitated for the working by the government, privately or with government support.

What is Government agency?

The Government agency and the organizations are the groups that are operated either privately or by the government for the operation of the task.

The Government agency is defined as a public organization with the task to complete the work for the government.

The Government Contractor is a private business that works for the completion of the government work.

The Government Corporation is given as the establishment for the independent operation of the goods and services supported by the government.

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who is labron james first son

Answers

LebBrone James has 3 kids, Bronny, Bryce, and Zhuri. That’s in order from oldest to youngest so guess what? His first son is Bronny James

Answer [3]

Hi there! I'm Lilo, and I'm here to help you :D

His eldest/first son was Bronny James

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~``

More info:

Bronny James is the eldest son of Lebron James.

He currently plays as a Point guard for Sierra Canyon High School.

He is the 24th ranked player in his high school class.

And he has been labeled a 4 - star recruit by ESPN.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Last messages:

Have a great Morning/ Afternoon/ Night :)

I'm truly sorry if this is incorrect :(

- [Lilo2was2lost]

.
Which of the following choices is not an example of a long-term goal?
owning a business
buying a house
earning money for new clothes
0.raising a family

Answers

Answer:

Earning money for new clothes.

earning money for new clothes, please mark as brainliest so i could reach my next rank

what question did christopher simmons case raise for the american justice system

Answers

The Christopher Simmons case raised the question of whether it is constitutional to execute defendants who were under the age of 18 at the time of their crime.

Why did christopher simmons raise the case for the american justice system?

Roper v. Simmons, 543 U.S. 551 (2005), was a landmark decision in which the United States Supreme Court ruled that capital punishment for crimes committed while under the age of 18 is unconstitutional.

The 5-4 decision overturned Stanford v. Kentucky[2], in which the court upheld the death penalty for offenders over the age of 16, and overturned statutes in 25 states.

In conclusion, the Supreme Court ultimately ruled in 2005 that it is unconstitutional to execute defendants who were under 18 at the time of their crime, in the case Roper v. Simmons.

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Help please
Economic

Answers

The answer that you have is the right one

when consumers decide when to buy a product at a certain price, what are they determining

Answers

Answer:

the value of the product

Explanation:

price is dependent of value that the consumer gives it

i might be wrong

explain why you think you would prefer to rent or buy? When you think about being 22 years old, do you think your answer will be the same or different? Explain.

Answers

Answer:Being 22 I would not buy as i would trust my judgment skills on where the market is, and  don't think I'd have an extra $300k sitting around to buy a house. So rent is the large solution for that. I will have my house provided by the Gov. (joining the marines)

Explanation:

Which person is a candidate for purchasing property insurance?
O A. A consultant who has a virtual office
O B. A pet owner
O C. A high school student
D. A college student who owns a house

Answers

D. A college student who owns a house

Futura Company purchases the 69,000 starters that it installs in its standard line of farm tractors from a supplier for the price of $10.80 per unit. Due to a reduction in output, the company now has idle capacity that could be used to produce the starters rather than buying them from an outside supplier. However, the company’s chief engineer is opposed to making the starters because the production cost per unit is $11.20 as shown below: Per Unit Total Direct materials $ 4.00 Direct labor 3.20 Supervision 1.70 $ 117,300 Depreciation 1.20 $ 82,800 Variable manufacturing overhead 0.60 Rent 0.50 $ 34,500 Total product cost $ 11.20 If Futura decides to make the starters, a supervisor would have to be hired (at a salary of $117,300) to oversee production. However, the company has sufficient idle tools and machinery such that no new equipment would have to be purchased. The rent charge above is based on space utilized in the plant. The total rent on the plant is $83,000 per period. Depreciation is due to obsolescence rather than wear and tear. Required: What is the financial advantage (disadvantage) of making the 69,000 starters instead of buying them from an outside supplier?

Answers

Financial advantage (disadvantage) of making the 40,000 starters instead of buying them from an outside supplier is: $89,700.

Financial advantage (disadvantage)

First step is to calculate the relevant cost of making starters

Relevant cost= Direct materials+ Direct labor+ Variable manufacturing overhead+ Supervision

Relevant cost=($4×69,000)+ ($3.20×69,000) +($0.60×69,000) + $117,300

Relevant cost=$276,000+$220,800+$41,400+$117,300

Relevant cost=$655,500

Second step is to calculate the relevant cost of buying starters

Relevant cost=$10.80 × 69,000

Relevant cost=$745,200

Third step is to calculate the financial advantage

Financial advantage=$745,200-$655,500

Financial advantage=$89,700

Therefore the financial advantage is $89,700.

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Mark Adler earned $1,963.71 salary per month as an assistant technician at a recording studio. His new job pays $9.80 per hour with time and a half for all hours over 40 hours per week. How many hours of overtime per week will he have to work to earn the same amount per week at his current job?

Answers

Mark Adler will have to work 133.59 hours of overtime per week to earn the same amount at his current job.

Word problems in algebra?

Word problems in algebra involve the use of mathematical models and variables to solve them. We use a careful and effective method to interpret the variables.

In Mark Adler's current job, it was noted that he earns $1963.71 per month

However, his new job pays him $9.80 per hour and a half for all hours over 40 hours per week.

It implies that if he works for over 40 hours per week, he gets paid at the rate of:

[tex]\mathbf{= 9.80 + \dfrac{9.80}{2}= \$14.7/h}[/tex]

For 40 hours, he will make 40 hr × $14.7 / hr = $588

Therefore, to make the same amount per week at his current job, he has to work for:

[tex]\mathbf{= \dfrac{\$1963.71}{\$14.7}}[/tex]

= $133.59 hours

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The management of Brinkley Corporation is interested in using simulation to estimate the profit per unit for a new product. The selling price for the product will be $45 per unit. Probability distributions for the purchase cost, the labor cost, and the transportation cost are estimated as follows:
Procurement
Cost ($) Probability Labor Cost ($) Probability Transportation
Cost ($) Probability
10 0.25 20 0.1 3 0.75
11 0.45 22 0.25 5 0.25
12 0.3 24 0.35 25 0.3 (a) Compute profit per unit for base-case, worst-case, and best-case.
Profit per unit for base-case: $
Profit per unit for worst-case: $
Profit per unit for best-case:$
(b) Construct a simulation model to estimate the mean profit per unit.
If required, round your answer to the nearest cent.
Mean profit per unit =
(c) Why is the simulation approach to risk analysis preferable to generating a variety of what-if scenarios?
(d) Management believes that the project may not be sustainable if the profit per unit is less than $5. Use simulation to estimate the probability the profit per unit will be less than $5.
If required, round your answer to a one decimal digit percentage.

Answers

The calculated profit per unit for base-case, worst-case is, and best-case for the management of Brinkley corporation is:

$7$3 per unit$3 per unit

The Profit per unit for base-case:

45 - 1 1- 24 - 3 = $7

Profit per unit for worst case:

45 - 12 - 25 - 3 = $3 per unit

Profit per unit for best case:

45 - 10 - 20 - 3 = 12$ per unit

b. The mean profit per unit is given as $7.05

c. The reason the simulation approach is preferable is due to the fact that it can help to determine the probability of profit as a particular amount, unlike the what-if scenario analysis.

It can also create different scenarios for possible resources.

d. The probability of the fact that the profit per unit woul  be less than 5 is 9%

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Case Study: The Case of the Unidentified Risks This project takes place in South Australia. In September 2000, ACME Fabricators advised its staff that their new factory and offices out in semi-rural Angle Vale would be ready for completion by the end of April 2002. ACME was a responsible company and liked to keep their premises clean and tidy and their staff happy. The new premises at Angle Vale were developed on a 4.5-hectare site, previously used for grain crops. Consequently, ACME decided that significant landscaping would be required to enhance the amenity of the otherwise bare land.

Answers

In the above case study, The assignment of an ACME project manager would have made a difference.

What was the assignment about?

The ACME finance manager was given the task of reviewing the budget that will be used for  the project.

Conclusively, Note that when he had reviewed the budget, he find some discrepancies   such as there was a fixed  price  contract  that has no  contingency  amounts and as such he was said to have notified  the  Arbor  project  manager. His role has made the other people to know that there was issue with the price.

See question below

a. Would the assignment of an ACME project manager have made a difference? What are your reasons for saying so

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who will you need to be able to effectively

Answers

Answer:

Have good listening skills so they can check understanding with the person. Using non-verbal communication is key. There may be times the service user struggles verbally. Understanding their requirement without the need to be verbal and making sure they understand is important for their treatment.

Explanation:

i hope i have explained nicely for you

After jill previewed her presentation she realized thst the chart she had chosen did not reflect the data in the way she wanted it to. What can she do now?

Answers

Jill can now alter the chart data by right-clicking and selecting the 'Edit' data button. To experiment with other types of charts, click the 'Change Chart Type' button.

What exactly is a create presentation?

Make a presentation from scratch or from a template. Text, photographs, art, and videos can all be added. Using PowerPoint Designer, choose a professional design. Make use of transitions, animations, and motion. Organizations and consulting firms utilize presentations to inform, instruct, inspire, and convince internal and external audiences.

They include presentations into sales, training, and internal communication campaigns, relying on the power of words and images to engage and keep their audience's attention.

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Currency is a medium of exchange for goods and services. Are Edubucks a form of currency?

Answers

If edubucjs are a medium exchange for goods and services then it is a form of currency

Based on the explanation below, EduBucks is not a form of currency but a program or plan.

What is EduBucks?

EduBucks is a program or plan that aims to enhance and supplement academic learning by offering financial assistance to teachers who want to perform innovative classroom projects that raise students' knowledge of the importance of water in Southern California.

EduBucks is also the educational credit program offered by InfoComm International to its members.

Therefore, EduBucks is not a form of currency but a program or plan.

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PLEASE HELP WILL MARK BRAINLIST

Answers

I think it’s B.) Productivity
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Why does the Legislative Branch have two parts and what other interesting facts are there about the Legislative Branch? What is the formula for finding the slope of a line? Circle your choice. Randall is cutting asubmarine sandwich into smaller pieces. He has 4 feetof sandwich that he wants to divide into-footsandwiches. How many sandwiches will he have afterhe cuts the sandwich? Help me with this find ten errors in the paragraph please help MEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE PREGUNTAS DE COMPRENSIN1. Cuntos aos tenan Carlos y Ana?2. Dnde quera Ana que Carlos la llevara?3. Quin contest el telfono?4. Qu comieron los dos en el restaurante?5. Qu queria Carlos que Ana le trajera, despus de bailar?Help Los animales___________ a la jungla. How long has the nurse been gone on her errand to find romeo?. Problem 21 pls helps The chamber is now filled with a gas that has an unknown speed of sound. The students find that the lowest frequency at which they can hear a maximum in the sound level is 200 Hz. If the students slowly increase the frequency, what is the next frequency at which the sensor would measure a maximum in the sound level giving 30 points!! please help water "bubbles up" h2 = 9 in. above the exit of the vertical pipe attached to three horizontal pipe segments. The total length of the 1.75-in.- diameter galvanized iron pipe between point (1) and the exit is 21 inches. Determine the pressure needed at point (1) to produce this flow.Assume h3 = 18 in. I need to write a narrative about the day from the perspective of Kaleb Play ball yelled Jeremiah, all of the kids got into position. Karmelo Dez was up at bat. He was the best baseball player in the city. He CRACKED the ball up and over Krisannys head. All week he bragged about how he would hit a grand slam into the enchanted forest but today, he hit the ball over the rainbow.Krisanny ran into the forest and passed the rainbow to get the ball when suddenly she saw what looked to be a boy with a ginger beard holding the baseball. She blinked three times, squinted, and wiped her eyes, but it was the same sight. She couldnt believe what she was seeing!She cleared her throat and quietly asked, Hey little boy, can I have my ball back? This ball, he said. Yes thats our baseball, we're having a game and I need it back, Krisanny kindly said. THUNK the leprechaun threw the ball at Krisanny. Hey whyd you do that, she asked while rubbing her head. I am a leprechaun and I thought you knew how to catch since you played baseball he rudely responded.Krisanny remembered her teacher Ms. Jones telling her that when leprechauns are captured, they must grant you three wishes to be let go. She jumped at the bearded boy and grabbed him. He punched, kicked, and shouted Let me go but Krisanny would not put him down. Thought I couldn't catch,'' she said with a smile. Alright, alright put me down and let's get this over with, I grant you three wishes, you set me free, ok! Krisanny let him down, she politely introduced herself, hey Im Krisanny Danielle Perez; its nice to meet you. yea yea he snapped, I didnt ask you that, Im Kaleb Denzel Perez, but my friends, not you, call me KPD, now lets start wishing kid. This leprechaun was the feistiest leprechaun she'd ever met, granted he was the only leprechaun she had ever met. Kaleb was a real piece of work but she really wanted three wishes. Krisanny already knew what she wanted, it was the whole reason she was in the forest. She made her first wish right away, She wished to be the best baseball player in the world! That's it kid, no fancy car, no pet unicorn, unlimited pizza? No, Krisanny replied, for right now I just want to play baseball better than anyone in the world, better than my brother Karmelo. Kaleb snapped his fingers, dabbed, hit the woah and just like that, Krisanny was the best baseball player in the world.Alright kid, test it out, throw this ball back to the field. She picked up the baseball to test her wish. She got into her pitching stance, leaned back, and WOOSH the ball came out of her hand at 160 MPH! She could not believe it, shed finally be better than her brother Karmelo! Her dad was going to be so proud, the first 10-year girl on the Mets, the first female in the major league. Krisanny started thinking of her future. Sure she was the best baseball player in the world, but that's not what she wanted to be when she grew up. Krisanny loved outer space, she wanted to be an astronaut and work for NASA. Krisanny gazed at the stars every night, and she wished upon them that one day she would walk on the moon. The first Latina to walk on the moon!Kaleb smirked, he liked Krisannys wish, he did the salsa, shimmy, two-step and granted Krisanny her second wish. In the year 2040, youll be the first Latina to walk the moon, he proudly told her.Seeing the sun falling lower in the sky, Kaleb hurried Krisanny to make her third wish. Leprechauns who want to grow strong must be in bed by 8:00. But Krisanny didnt want to leave Kaleb yet, and secretly he didnt want her to go either. She finally figured out her next wish, she asked Kaleb if he wanted to play on the swings, she even offered to push. He wasnt excited but he agreed. He had never been invited to the playground by a human before or by any other leprechaun.Krisanny asked Kaleb how he liked being a leprechaun as she pushed him softly on the swing. It is a lot of fun making people happy, but it gets lonely. You make three wishes, and then youre set free. No one ever has ever asked me what I wanted, except for you today. Kaleb confessed. 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What is writing style?A. the way a writer puts words together, and the words he or she usesB. the way a writer uses specialized vocabulary related to the topicC. the way that a writer organizes the ideas in a report or storyD. none of these What are the specific business requests the system must meet to be successful, so the analysis phase is critical because business requirements drive the entire systems development effort? I will give brainliest if I get it right Lauren has 7 trophies and she wants to place 4 of the trophies on a shelf. How many possible arrangements ofthe 4 trophies are there? Jericho runs to get his ball. If he runs a distance of 8. 42 meters with a speedof 2. 105 meter per second, how many seconds did he run? 98 points for the most accurate answer!List at least 5 text features found in most textbooks. Tell how they help prepare you for reading: (3.02)12345Help meeee! Are people born to be a leader or taught to be a leader? 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