Culver Corporation reported net income of $282,540 in 2020 and had 45,000 shares of common stock outstanding throughout the year. Also outstanding all year were 5,200 shares of cumulative preferred stock, each convertible into 2 shares of common. The preferred stock pays an annual dividend of $5 per share. Culver’s tax rate is 50%. Compute Culver’s 2020 diluted earnings per share. (Round answer to 2 decimal places, e.g. 3.55.) Diluted earnings per share   $

Q: On January 1, 2020, Windsor Company issued 10-year, $ 2,010,000 face value,  6% bonds, at par. Each…

A: No. of potential shares = (Total face value of bonds  / $1000) x 15 = (2010000/1000)*15 = 30150…

Q: Marigold Inc. had net income for the current year ending December 31, 2020 of $872,880. During the…

A: Earnings per share refers to the profit earned during the period that is attributable to each common…

Q: Bedard Corporation reported net income of $300,000 in 2020 and had 200,000 shares of common stock…

A: Formula to calculate diluted earnings per share (DEPS): DEPS = Net income attributable to common…

Q: During 2018, Baird Corporation reported after-tax net income of $3,620,000. During the year, the…

A: 1.  Determine the earnings per share:

Q: Edna Recording​ Studios, Inc., reported earnings available to common stock of ​$4,000,000 last year.…

A: a) Price of common stock (P0) = $39 Last dividend paid (D0) = $1.17 Growth rate (g) = 6%…

Q: At December 31, 2020, Reid Company had 600,000 shares of common stock issued and outstanding,…

A:

Q: Flava Corporation reported a net income of $300,000 in 2020 and had 200,000 shares of common stock…

A: Diluted earnings per share: It can be defined as the company’s earnings per share, assuming all the…

Q: Rockland Corporation earned net income of $300,000 in 2017 and had 100,000 shares of common stock…

A: Earnings per share on common stock: It is a financial ratio. It is calculating by divides net…

Q: At December 31, 2020, Coronado Industries had 1140000 shares of common stock outstanding. In…

A: We know that the diluted earnings per share is the net income generated by each outstanding share…

Q: On January 1, 2020, Volume Company had the following account balance carried over from the previous…

A: The treasury share are the shares that are repurchased by the company fron its own issued shares.

Q: skysong corporation reported net income of $256,960 in 2020 and had 47,400 shares of commonstock…

A: Converted preferred shares=Number of share×2=5,500×2=11,000

Q: Use the following information for the next two items: Sheeva Corp. had P600,000 net income in 2020,…

A: Basic EPS is the earnings per share calculated by dividing Net Income attributable or available to…

Q: At December 31, 2020 and 2021, Funk & Noble Corporation had outstanding 840 million shares of…

A: Earnings per Share: Earnings per share help to measure the profitability of a company. Earnings per…

Q: Kingdom Corporation has the following $500,000 Preferred stock, $10 par value, 7%, 50,000 shares…

A: Dividend declared is first distributed to preferred stockholders at the rate prescribed and the…

Q: Oriole Company had 196000 shares of common stock, 19200 shares of convertible preferred stock, and…

A: When all the convertible securities of the company are converted, then the EPS (Earning per share)…

Q: On January 1, 2020, Volume Company had the following account balance carried over from the previous…

A: Shares are used to divide the capital of the company into small parts, so that it is will be…

Q: On January 1, 2020 ,Herron Corporation purchased 5,000 shares of treasury stock. Other information…

A: Return on Common Stockholders' Equity will be calculated using following Formulae : Return on Common…

Q: Sheridan Corporation had net income of $470000 and paid dividends to common stockholders of $34780…

A: There are two methods of calculation of payout ratios 1) outstanding share method (DPS/EPS) *100 2)…

Q: Diamond Corp. earned net income of $550,000 in 2021 and had 120,000 shares of common stock…

A: Diluted earnings per share = (Net income + interest expense net of tax) / (No. of shares of common…

Q: For 2020, the annual earnings for Eveready Security Equipment were $6,800,000. The corporation has…

A: A ratio that provides information regarding the share price of a company by relating it to the…

Q: On January 1, 2020, Bonita Company issued 10-year, $1,810,000 face value, 6% bonds, at par. Each…

A: (a)   Calculate Diluted Earnings Per Share for 2020.

Q: Sheridan Corporation had net income of $470000 and paid dividends to common stockholders of $34780…

A: Introduction: Dividend payout ratio: This ratio tells the how much dividend is distributed with its…

Q: Earnhart Corporation has outstanding 3,000,000 shares of common stock with a par value of $10 each.…

A: a. Prepare the journal entry to record the declaration and payment of the cash dividend.

Q: On December 31, 2020, the Frisbee Company had 262,000 shares of common stock issued and outstanding.…

A: Earnings per share indicate the profits per share of common stockholders. It can be calculated by…

Q: A company had profit after tax of €50,000,000 for the year ended 31 December 2020.  The number of…

A: Split of shares  All traded on an open market organizations have a set number of offers that are…

Q: Kingdom Corporation has the following: Preferred stock, $10 par value, 9%, 50,000 shares issued…

A: Equity shares provide the ownership of the company and shareholders are paid only after the dues…

Q: Flounder Company's net income for 2020 is $672,000, and 91.000 shares of common stock were issued…

A: The diluted earning per share is used to measure a company's earning per share by assuming that all…

Q: Headland Corporation had 2020 net income of $1,028,000. During 2020, Headland paid a dividend of $2…

A:

Q: On January 1, 2020, Volume Company had the following account balance carried over from the previous…

A: Treasury Stock The purpose of issue of treasury stock which describes as the repurchase of own stock…

Q: Culver Corporation reported net income of $338,240 in 2020 and had 50,400 shares of common stock…

A:

Q: At December 31, 2017 and 2018, Funk and Noble corporation had outstanding 760 million shares of…

A: Earnings per share (EPS): The amount of net income available to each shareholder per common share…

Q: Ace Company had 200,000 shares of common stock outstanding on December 31, 2021. During the year…

A: Date Particulars No. of Shares Weight Weighted Average Jan. 1 Opening Outstanding Shares 200,000…

Q: At December 31, 2021, MedX Corporation had outstanding 200,000 shares of common stock. Also…

A: Basic earnings per share = (Net income - preferred dividend)/Weighted average outstanding common…

Q: On January 1, 2020, a company issued 10-year, $330,000 face value, 7% bonds, at par. Each $1,000…

A: Potential common stock = (Face value of bonds / par value per bond) x convertible  ratio = ($330,000…

Q: On January 1, 2020, Ayayai Company issued 10-year, $2,140,000 face value, 6% bonds, at par. Each…

A: PLEASE LIKE THE ANSWER  a. the correct answer is = $ 4.84   Calculation OF Diluted earnings per…

Q: Rockland Corporation earned net income of $300,000 in 2020 and had 100,000 shares of common stock…

A: Saving in income tax net of tax = Interest expense *(1-tax rate) = ($800,000*9%)*(1-0.20) = $57,500

Q: Bonita Corporation had net income of $218000 and paid dividends to common stockholders of $44000 in…

A: Price earnings (P/E) ratio refers to a ratio which shows the relationship between the earnings per…

Q: Ale Corporation had net income of $2,040,000 and paid dividends to common stockholders of $400,000…

A: Earnings per share = Net income/Weighted average of shares outstanding Price-earnings ratio = Market…

Q: On December 31, 2020, Berclair Inc. had 280 million shares of common stock and 3 million shares of…

A: working notes: Basic EPS: Weighted average shares of common stock outstanding. Basic EPS = Net…

Q: a.)Pharoah Company’s net income for 2020 is $709,000, and 94,000 shares of common stock were issued…

A: A)  94,000 shares was outstanding for period 12 months   Net Income  for 2020 $709000 stock…

Q: A. If the market price of the common stock is $40 and dividends are expected to grow at a rate of 6%…

A: Company’s cost of retained earnings financing = (D1 or dividend next year/P0)+growth rate Company’s…

Q: Marigold Corporation had 2020 net income of $1,066,000. During 2020, Marigold paid a dividend of $2…

A: Formula: Total preferred dividend = Number of preference shares x Dividend per share. EPS = ( Net…

Q: DiCenta Corporation reported net income of $270,000 in 2020 and had 50,000 shares of common stock…

A: Formula to calculate diluted earnings per share; Diluted EPS = Net income / weighted average number…

Q: Carla Corporation reported net income of $315,350 in 2020 and had 50,500 shares of common stock…

A: Computation of the Carla's 2020 diluted earnings per share as follows:

Q: On December 31, 2020, Berclair Inc. had 200 million shares of common stock and 3 million shares of…

A: Earnings per share represents the net earnings of the company held in hands of each shareholder.

Q: At the beginning of 2020, tradewell Mktg. Corp. had retained earnings of P5,000,000. Throughout the…

A: Retained earnings balance at December 31, 2020=Retained earnings at the beginning +Reported Profit…

Q: On December 31, 2020 and 2021, Jimenez Corporation had 100,000 shares consisting of 90,000 shares…

A:

Q: On December 31, 2020, Berclair Inc. had 240 millton shares of common stock and 3 million shares of…

A: EPS means earnings per share. It represents the per share amount earned by the common stockholders.

Q: In 2020, Concord Corporation reported net income of $1,015,200. It declared and paid preferred stock…

A: Step 1 Earnings per share is the income attributed to each outstanding equity share commonly…

Q: Pharoah Company’s net income for 2020 is $709,000, and 94,000 shares of common stock were issued and…

A: 28000 dilutive stock options would increase shares outstanding by 28000 Proceeds= 28000*20= $ 560000…

Consolidation

Consolidation in general examination implies an asset oscillating between well-defined methods of trading status. Consolidation is commonly known as market indecisiveness, which completes when the asset's values move forward or backward the trading structure.