What is Jupiter Corporation’s weighted average number of shares for the year?
Q: The balance sheet for Bearing Industries Inc. at the end of the current fiscal year indicated the…
A: Since multiple sub-parts are posted, as per the guidelines only the first three sub-parts will be…
Q: Ecker Company reports $1,950,000 of net income and declares $273,000 of cash dividends on its…
A: In order to determine the Earning per share, the Earnings available to common shareholders are…
Q: Longmont Corporation earned net income of $86,000 this year. The company began the year with 600…
A: Formula: Earnings per share = Earnings available for Common Stockholders’/ Weighted Average number…
Q: A company had 15,000 shares outstanding at the beginning of the year. During the year, the company…
A: Value of stock dividend = No. of shares outstanding x stock dividend rate x market price per stock…
Q: At the end of accounting period, Callaway had $12,000 of common stock, paid in capital in excess par…
A: >Total Stockholder's equity is a section of Balance Sheet, and a part of accounting equation.…
Q: A company had 125,000 shares of common stock outstanding on January 1 and then sold 35.000…
A: Earnings per share is an financial ratio which was used to find the company's profitability. = Net…
Q: At the beginning of the current year, Soron Corporation had 200,000 shares of $1 par common stock…
A: Retained earnings are the amount which was retained by the company after all of its expenses…
Q: On December 31, Noah Co. had 40,000 weighted average outstanding ordinary shares. During the year,…
A: Calculation of basic learning for shares is done then consideration of only ordinary shares is taken…
Q: Howard Corporation had 10,000 shares of common stock outstanding at the beginning of the year. On…
A:
Q: Junkyard Arts, Inc., had earnings of $172,300 for the year. The company had 23,000 shares of common…
A: Earnings per share refer to the amount earned by each stockholder. This can be identified by…
Q: Howard Corporation had 10,000 shares of common stock outstanding at the beginning of the year. On…
A: During the year number of shares outstanding are not same. Due to purchase or sale of shares. To…
Q: Finn, Inc. began the year with a balance in retained earnings of $16,800 and 32,000 shares of $1 par…
A: >Retained earnings represents the accumulated amount of past net Income and Loss, as reduced by…
Q: The annual report for Sneer Corporation disclosed that the company declared and paid preferred…
A: Answer 1) Account Titles and Explanation Debit Credit Dividends $ 1,20,000…
Q: Longmont Corporation earned net income of $85,000 this year. The company began the year with 700…
A: Formula: EPS = ( Net income - Preferred dividend) / ( Outstanding common shares )
Q: If Shareholders equity at the beginning of the year was $400,000 and $10,000 was paid to…
A: Shareholder’s equity: Equity shares held by share holders are called shareholders equity. Each share…
Q: Howard corporation had 10,000 shares of common stock outstanding at the beginning of the year. On…
A: Weighted average number of shares is the total number of outstanding shares calculated at the end of…
Q: Richards Corporation had net income of $241,562 and paid dividends to common stockholders of…
A: Price earning ratio is calculated as market value of share divided by earning per share. Earning per…
Q: Trans Union Corporation issued 5,000 shares for $50 per share in the current year, and it…
A:
Q: PickApart Arts, Inc., had earnings of $565,300 for the year. The company had 55,000 shares of common…
A: Preferred dividend = No. Od preferred stock x dividend per share = 23000 shares x $2.10 per share =…
Q: Clair, Inc reports net income of $700,000. It declares and pays dividends of $100,000 for the year,…
A: Given that, Net income = $700000 Preference dividend = $50000 Common stock dividend = $50000 The…
Q: Green Thumb, Inc. had 18,000 shares of common stock outstanding on January 1. An additional 6,000…
A: Annual Dividend to Preferred shareholders = No. of preferred share outstanding x Par value per share…
Q: During Year 3, Finch Corporation reported after-tax net income of $3,645,000. During the year, the…
A: Answer a) Calculation of Earnings per share Earnings per share = Earnings available for common…
Q: Ridgetown Corporation started the year with 50,000 common shares outstanding. On April 1st,…
A: • Weighted average number of common shares from January to March: For opening balance = 50,000×3/12…
Q: During a recent year, Emerson Electric paid an annual dividend of $0.64 per share. Calculate the…
A: The share price is the current market price of the share. It is the price of the share at any…
Q: James Corporation earned net income of $85,000 this year. The company began the year with 800 shares…
A: Given: Net income = $85000 Beginning shares = 800 Issued shares = 700 Preference dividend = $4,500
Q: Almond, Inc held its quarterly dividend meeting on December 8. At that time, the directors declared…
A: Dividend payable = No. of shares * Dividend per share
Q: Company A has net sales revenue of $780,000, cost of goods sold of $343,200 and all other expenses…
A: Basic EPS = Net Income / Weighted Average No. of Shares Sales Revenue = $780000 Cost of Goods Sold =…
Q: On June 30, Rae Corporation had a market price of $100 per share of common stock. For the previous…
A: Dividend yield is expressed in percentage that depicts the percentage of dividend compared to…
Q: Ecker Company reports $2,700,000 of net income and declares $388,020 of cash dividends on its…
A: Earnings per share (EPS): The amount of net income available to each shareholder per common share…
Q: Jupiter Corporation earned net income of $214,209 this year. The company began the year with 4,714…
A: Weighted average no of share calculation To calculate weight shares we have to consider shares at…
Q: Junkyard Arts, Inc., had earnings of $316,000 for the year. The company had 40,000 shares of common…
A: Calculate earnings per share:
Q: Milo Co. had 800,000 shares of common stock outstanding on January 1, issued 126,000 shares on May…
A: Basic earnings per share = (Net income - Preferred dividend) / Weighted average no. of common shares…
Q: St. Laurence reports the following data: Throughout the year, St. Laurence has outstanding 150,000…
A: When Preferred shares are cumulative , then dividend in arrears are to be paid to the preferred…
Q: During Year 3, Blue Ridge Corporation reported after-tax net income of $4,150,000. During the year,…
A: a. EPS = EAT - Preferred dividend / No. of common equity shareEAT = Earning after Tax EAT 4150000…
Q: During its first year of operations, Flounder Corporation had the following transactions pertaining…
A: Journal Entry: Journal entry is the act of keeping records of transactions in an accounting journal.…
Q: Junkyard Arts, Inc., had earnings of $174,300 for the year. The company had 24,000 shares of common…
A: Earnings per share refers to the amount earned by each stockholder. This can be identified by…
Q: Errol Corporation earned net income of $200,000 this year. The company began the year with 10,000…
A: Introduction: EPS: EPS stands for Earnings per share. It tell the profit earned on each outstanding…
Q: Bastion Corporation earned net income of $200,000 this year. The company began the year with 10,000…
A: Earnings per share refer to the amount earned by each stockholder. This can be identified by…
Q: Marutzky Corporation had a net income of $2,200,000 for the year 2018. On January 1, 2018, the…
A: Earning per share is calculated to know the earnings share, every shareholder would get for the…
Q: Ahnberg Corporation had 800,000 shares of common stock issued and outstanding at January 1. No…
A: Definition: Earnings per share (EPS): The amount of net income available to each shareholder per…
Q: Oregon, Inc. reported net income of $105,000. During the current year, the company had 5,000 shares…
A: The earnings per share is calculated as net income divided by outstanding shares.
Q: Thelma and Louie, Inc. started the year with a balance of retained earnings of $545 million and…
A: O = Opening balance = $ 545 mnC = Closing balance = $ 590 mnTotal dividends paid = $35 million to…
Q: Richards Corporation had net income of $231,470 and paid dividends to common stockholders of…
A: Price-earning ratio refers to the ratio which conveys the worth of the company. In other words,…
Q: Given the following year-end information, compute Greenwood Corporation’s basic and diluted earnings…
A: A share represents in a firm is a unit of stock ownership. Dividends are distributed to shareholders…
Q: nc. reports net income of $350,000. It declares and pays preferred dividends of $50,000 for the…
A: Earnings per share = (Net income - preferred dividend) / Weighted-average number of common shares…
Q: PickApart Arts, Inc., had earnings of $398,000 for the year. The company had 44,000 shares of common…
A: It is the income which is available to the common shareholders per share after giving preferred…
Q: Longmont Corporation earned net income of $90,000 this year. The company began the year with 600…
A: Introduction: EPS : EPS stands for Earnings per share. It tells the profit earned on each…
Q: Junkyard Arts, Inc., had earnings of $446,400 for the year. The company had 54,000 shares of common…
A: Junkyard earnings = $ 446400 Common stock outstanding = 54000 shares Number of preferred stock =…
Jupiter Corporation earned net income of $90,000 this year. The company began the year with 500 shares of common stock and issued 400 more on April 1. They issued $4,600 in preferred dividends for the year. What is Jupiter Corporation’s weighted average number of shares for the year?
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 1 images
- Brunleigh Corporation earned net income of $200,000 this year. The company began the year with 10,000 shares of common stock and issued 5,000 more on April 1. They issued $7,500 in preferred dividends for the year. What is Brunleigh Corporations weighted average number of shares for the year?Errol Corporation earned net income of $200,000 this year. The company began the year with 10,000 shares of common stock and issued 5,000 more on April 1. They issued $7,500 in preferred dividends for the year. What is the numerator of the EPS calculation for Errol?Longmont Corporation earned net income of $90,000 this year. The company began the year with 600 shares of common stock and issued 500 more on April 1. They issued $5,000 in preferred dividends for the year. What is the numerator of the EPS calculation for Longmont?
- Bastion Corporation earned net income of $200,000 this year. The company began the year with 10,000 shares of common stock and issued 5,000 more on April 1. They issued $7,500 in preferred dividends for the year. What is the EPS for the year for Bastion?James Corporation earned net income of $90,000 this year. The company began the year with 600 shares of common stock and issued 500 more on April 1. They issued $5,000 in preferred dividends for the year. What is the EPS for the year for James (rounded to the nearest dollar)?Given the following year-end information for Somerset Corporation, compute its basic earnings per share. Net income, 13,000 Preferred dividends declared, 4,000 Weighted average common shares for the year, 4,500
- Given the following year-end information, compute Greenwood Corporations basic and diluted earnings per share. Net income, 15,000 The income tax rate, 30% 4,000 shares of common stock were outstanding the entire year. shares of 10%, 50 par (and issuance price) convertible preferred stock were outstanding the entire year. Dividends of 2,500 were declared on this stock during the year. Each share of preferred stock is convertible into 5 shares of common stock.Rebert Inc. showed the following balances for last year: Reberts net income for last year was 3,182,000. Refer to the information for Rebert Inc. above. Also, assume that the market price per share for Rebert is 51.50. Required: 1. Compute the dollar amount of preferred dividends. 2. Compute the number of common shares. 3. Compute earnings per share. (Note: Round to two decimals.) 4. Compute the price-earnings ratio. (Note: Round to the nearest whole number.)Rebert Inc. showed the following balances for last year: Reberts net income for last year was 3,182,000. Refer to the information for Rebert Inc. above. Also, assume that the dividends paid to common stockholders for last year were 2,600,000 and that the market price per share of common stock is 51.50. Required: 1. Compute the dividends per share. 2. Compute the dividend yield. (Note: Round to two decimal places.) 3. Compute the dividend payout ratio. (Note: Round to two decimal places.)
- Chen Corporation began 2012 with the following stockholders equity balances: The following selected transactions and events occurred during the year: a. Issued 10,000 shares of common stock for 60,000. b. Purchased 1,200 shares of treasury stock for 4,800. c. Sold 2,000 shares of treasury stock for 11,000. d. Generated net income of 94,000. e. Declared and paid the full years dividend on preferred stock and a dividend of 1.00 per share on common stock outstanding at the end of the year. Chen Corporation maintains several paid-in capital accounts (Paid-in Capital in Excess of Par, Paid-in Capital from Treasury Stock, etc.) in its ledger, but combines them all as Additional paid-in capital when preparing financial statements.The following selected accounts appear in the ledger of EJ Construction Inc. at the beginning of the current fiscal year: During the year, the corporation completed a number of transactions affecting the stockholders equity. They are summarized as follows: a. Issued 500,000 shares of common stock at 8, receiving cash. b. Issued 10,000 shares of preferred 1% stock at 60. c. Purchased 50,000 shares of treasury common for 7 per share. d. Sold 20,000 shares of treasury common for 9 per share. e. Sold 5,000 shares of treasury common for 6 per share. f. Declared cash dividends of 0.50 per share on preferred stock and 0.08 per share on common stock. g. Paid the cash dividends. Instructions Journalize the entries to record the transactions. Identify each entry by letter.Chen Corporation began 2012 with the following stockholders equity balances: The following selected transactions and events occurred during the year: a. Issued 10,000 shares of common stock for 60,000. b. Purchased 1,200 shares of treasury stock for 4,800. c. Sold 2,000 shares of treasury stock for 11,000. d. Generated net income of 94,000. e. Declared and paid the full years dividend on preferred stock and a dividend of 1.00 per share on common stock outstanding at the end of the year. Chen Corporation maintains several paid-in capital accounts (Paid-in Capital in Excess of Par, Paid-in Capital from Treasury Stock, etc.) in its ledger, but combines them all as Additional paid-in capital when preparing financial statements. Open the file STOCKEQ from the website for this book at cengagebrain.com. Enter the formulas in the appropriate cells on the worksheet. Then fill in the columns to show the effect of each of the selected transactions and events listed earlier. Enter your name in cell A1. Save the completed worksheet as STOCKEQ2. Print the worksheet. Also print your formulas. Check figure: Total stockholders equity balance at 12/31/12 (cell G21). 398,800.