Oregon, inc. reported net income of $105,000. during the current year, the company had 5,000 shares of $100 par, 5% preferred stock and 10,000 of $5 par common stock outstanding. oregon's earnings per share is

a. $8.00
b. $18.00
c. $5.08
d. $5.00

option (a) $8.00

Explanation:

Data provided in the question:

Reported net income = $105,000

Number of preferred stocks = 5,000

Par value of preferred stocks = $100

Number of outstanding stocks = 10,000

Now,

Earnings per share

= (Net Income - Preferred Stock Dividend) ÷ ( Common stock outstanding  )

= ( $105,000 - 5000 × 100 × 5% ) ÷ 10,000

or

Earnings per share = $8

Hence,

The correct answer is option (a) $8.00

according to the song of roland, the characteristics of an ideal knight are: loyalty to the king, skilled warriors and horseman, valiant, bold, courageous, strong and proud in battle. they should be determined to fulfil their duties and willing to die to make their people safe.

answer/// equals both average variable cost and average total cost at their respective minimums;