Answer:
The EPS will exceed $2.38
Explanation:
Earnings per share represent the funds available to shareholders after all expenses and taxes have been deducted. Restructuring costs are one-off expenses and are classified as other operating expenses in the Income Statement. Including these restructuring and similar charges in the Income Statement leads to reduced Earnings before Tax and eventually lower net profit. Exclusion of these costs will result in increased earnings, consequently raising the company's EPS.
Prepaid cards and gift cards are tools that help you save money as they allow others to pay for your expenses in advance. Essentially, both types serve a similar function, being preloaded with funds by another party (or yourself) and handed to you, ensuring expenses are taken care of without utilizing your own resources.
Answer:
4.88%
Explanation:
To determine the interest rate, use the formula:
r=(FV/PV)^(1/n)-1, where
r=interest rate
FV= future value= 423.17*(12*5)=423.17*60=$25,390.2
PV= initial amount= $20,000
n= time periods= 5
Substituting the values into the equation yields:
r=(25,390.2/20,000)^(1/5)-1
r=1.048-1
r=0.0488→4.88%
This indicates that the bank's annual interest rate is 4.88%.
