Capital Consulting Company had 390,000 shares of common stock outstanding on December 31, 2017. On that date, there were also 4,900 shares of $100 par, 7% noncumulative preferred stock outstanding. On March 1, 2018, the company's common stock split 2-for-1. On December 15, 2018, a preferred dividend was declared and paid in the amount of $24,000. Net income for 2018 was $2,900,000. Required: Compute basic earnings per share for the year ended December 31, 2018.

Basic earning per share = $3.69

Explanation:

Earning per share (EPS) = earnings available to ordinary shareholders/ number of ordinary shares

Number of ordinary shares = 390,000 × 2 = 780,000 units

Net income                                           2,900,000

Preferred dividend                                ( 24,000)

Earnings available to shareholders     2,876,000

Number of ordinary shares                   780,000 units

Earnings per shares =   $2,876,000/780,000 units

                                  = $3.69

3,500 beverages

explanation:

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.