Culver Corporation reported net income of $682,000 in 2017 and had 217,000 shares of common stock outstanding throughout the year. Also outstanding all year were 54,900 options to purchase common stock at $8 per share. The average market price of the stock during the year was $12. Compute diluted earnings per share

Q: Hanson Co. had 200,000 shares of common stock, 20,000 shares of convertible preferred stock, and…

A: Total preferred dividend = no. of preferred shares x dividend per share = 20000 x 1.5 = $30,000

Q: Ecker Company reports $1,825,000 of net income for 2017 and declares $255,500 of cash dividends on…

A: Formula: Net income available to common stockholders=Net income for the year-Dividends on preferred…

Q: the beginning of 2013, U Company had retained earnings of P250,000. During the year U reported net…

A: Amount of retained  earnings  available  for  dividend  at end of 2013 = opening  balance + Net…

Q: During 2018, Longhorn Corp. had net income of $300,000 and paid dividends to its preferred…

A: The question is based on the concept of Shares and debentures.

Q: On January 1, 2016, Wade Corporation had 24,000 shares of common stock outstanding. On April 1, it…

A: Common shares are issued by the company to fulfil its capital requirements. The common shareholders…

Q: The 2016 annual report for Mega Mills disclosed that 1 billion shares of common stock have been…

A: The Number of shares issused at the end of 2015:      795 millionAs there is no transaction of…

Q: InterTractor America, Inc. reported net income (amounts in thousands) of $1,239,400 for 2017.…

A: Solution: Introduction:   EPS stands for Earning Per share, which is a measure of financial…

Q: Cariyon Company listed the following items in its December 31, 2015, financial statements:…

A: Date Account Titles Debit Credit 02-Feb-16 Dividends Payable: Preferred $4,000.00     Dividends…

Q: On June 30, 2017, Martin Brothers, Inc. showed the following data on the equity section of their…

A: Number of shares distributed as stock dividend on July 1, 2017 = 146,000 shares x 8% = 11,680 shares

Q: On January 1, 2016, Samuel Company had 21,000 shares of common stock outstanding and issued an…

A: Basic earning per share can be calculated by dividing net income after dividend by the weighted…

Q: The 2017 income statement of Coronado Company showed net income of $945,000 and a gain from…

A: EPS: EPS stands for Earnings per share. It tells about the profit earned on each share.

Q: Kalin Corporation had 2017 net income of $1,000,000. During 2017, Kalin paid a dividend of $2 per…

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

Q: Ale Corporation had net income of $240,000 and paid dividends to common stockholders of $40,000 in…

A: Earnings per share=Net incomeWeighted average shares=$240,00060,000=$4

Q: On December 30, 2015, Ella Thornes Inc has 2,000 8% preference stocks issued w/ USD200 par value and…

A: Annual Dividend to Preferred shareholders = No. of preferred share outstanding x Par value per share…

Q: Assume that the following data relate to Rosen, Inc. for the year 2017: Net income (40% tax rate)…

A: Earnings per share is a financial ratio, which divides net earnings available to common shareholders…

Q: Tommen, Inc. has the following stock issued as of December 2015:                     5% Preferred…

A: Dividend means the amount given to shareholder of the company as profit distribution by company.…

Q: As of 2017, Buttle Corp. has $10 par, 2% preferred stock, 13,000 shares outstanding, and $1 par…

A: Annual Dividend to Preferred shareholders = No. of preferred share outstanding x Par value per share…

Q: The 2016 annual report for Mega Mills disclosed that 1 billion shares of common stock have been…

A: Treasury stock: Shares which are bought back by the company from the open market but not retired…

Q: Gonzalez Company reported net income of $2,600 million in 2016. The weighted average number of…

A: Basic earnings per share are the amount that represents the earnings allocable to each common share…

Q: Tomba Corporation had 300,000 shares of common stock outstanding on January 1, 2017. On May 1, Tomba…

A:

Q: The following information is available for Crane Enterprises:     2014   2013 Current…

A: The technique of evaluating as well as comparing financial information by determining relevant…

Q: At December 31, 2016 and 2015, Gow Corp. had 100,000 shares of common stock and 10,000 shares of 5%,…

A: Preferred dividend = No. of shares x Par value per share xrate of dividend = 10,000 x $100 x 5% =…

Q: In 2017, Hollis Corporation reported net income of $1,000,000. It declared and paid preferred stock…

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

Q: The following information is provided for Slickers, INc. for year 2016: Preferred stock 7%, $50 par…

A: Non-cumulative preferred stocks that provides the shareholders a fixed dividend amount each year,…

Q: Carla Corporation reported net income of $644,000 in 2017 and had 234,000 shares of common stock…

A: Diluted Earnings per share = Net Income available to Common stockholders'Number of common stock…

Q: Story Corporation had net income of $300,000 in 2018. The weighted average number of shares…

A: The price earning ratio is considered as the relationship between stock price and earnings per…

Q: What is 2013 basic earnings per share?

A: Basic EPS=(Net income - Preferred Dividend) / Weighted average common shares outstanding

Q: A company was organized in January 2016 and has 20,000 shares of $10 par value, 10%,…

A: Cumulative preferred stock means that the preferred stockholders shall get dividends in the next…

Q: Snow Cleaners, Inc., had net income of $493,600 for its year ended December 31, 2018. During the…

A: Earning Per Share is the amount of total earning of the firm in a financial year, available to…

Q: Lerner Company had the following transactions in 2017, its first year of operations: Issued 20,000…

A: The following computations are done for Lerner Company.

Q: The 2017 income statement of Wasmeier Corporation showed net income of $480,000 and a loss from…

A: Earnings per share: Earnings per share represent the amount of income earned per share of…

Q: The average stockholders’ equity for TWU Company for 2017 was $2,000,000. Included in this figure is…

A: Net income - net income means earnings of company but after tax . In other words net earning means…

Q: McNabb Corp. had $100,000 of 7%, $20 par value preferredstock and 12,000 shares of $25 par value…

A: a)

Q: Ayayai Corp. has 4,200 shares of 8%, $100 par value preferred stock outstanding at December 31,…

A: Dividend: Dividend refers to the payment made to the investor out of the profits earned by the…

Q: USD565,000 and paid ordinary dividends of USD59,000. It also has 25,000 cumulative preference stocks…

A: Earnings per Share (EPS) refers to the amount of Earnings attributable to every shares of the…

Q: Hound, Inc. has the following stock issued as of December 2015:                     7% Preferred…

A: Preference shareholders are those shareholders who have preference in payment of dividends and…

Q: Corgi, Inc. has the following stock issued as of December 2015:                     6% Preferred…

A: Cumulative preference shareholders means those shareholders which have preference in dividend and…

Q: In 2017 Pedroni Corporation reported net income of $1,000,000. It declared and paid preferred stock…

A: Earnings per share: It is to be calculated Deduct preferred dividend part from the net income and to…

Q: For the last three years, Squarepants Corporation paid the following cash dividends: 2016 - P…

A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…

Q: On January 1, 2010, Deweese Corporation had $1,000,000 of common stock outstanding that was issued…

A: Journal entry: Journal entry is a set of economic events which can be measured in monetary terms.…

Q: Bonita Corporation had net income of $1.950,000 and paid dividends to common stockholders of…

A: Dividend means the amount given to shareholder of the company as profit distribution by company.…

Q: Fowler  Company reported these figures for 2018and 2017​:   Data table:…

A: Working notes: Preferred dividends  =14,000 shares x $6 par x 5% = $4,200   Average # common…

Q: During 2016, Moore Corp. had the following two classes of stock issued and outstanding for the…

A: Answer:   Option c.

Q: Hanson Co. had 200,000 shares of common stock, 20,000 shares of convertible preferred stock, and…

A: 4)Calculation of the Basic earnings per share for 2015 as follows:- Formula:- Basic earning per…

Stock Yields

The stock yield is otherwise known as the dividend yield. The dividend yield is an annual payment of the stock dividends to the holder of a firm’s stock. The dividend yield is a financial ratio to measure the value of dividend payout every year for the relative stock price. The yield of a stock is usually shown in a percentage that discloses the expected future earnings from stock depending on the current stock price in the future. Stock yield will change depending on the market fluctuations and in accordance with the market fluctuations, the dividends will be increased or decreased by the firm.