Bramble Corporation had a 2020 net income of $1,234,000. During 2020, Bramble paid a dividend of...
Bramble Corporation had a 2020 net income of $1,234,000. During 2020, Bramble paid a dividend of $2 per share on 204,200 shares of preferred stock. During 2020, Bramble had outstanding 258,000 shares of common stock.
Compute Bramble's 2020 earnings per share. (Round answers to two decimal places)
Homework Answers
Ans:
EPS = (Net income-Preferred dividends)/Average number of common shares outstanding
EPS = (1234,000-408400)/258000
EPS = 825600/258000
EPS for 2020 = $3.20
Hope this helped ! Let me know in case of any queries.
Add Answer to:
Bramble Corporation had a 2020 net income of $1,234,000. During
2020, Bramble paid a dividend of...
Sage Corporation reported net income of $231,840 in 2020 and had 186,000 shares of common stock...
Sage Corporation reported net income of $231,840 in 2020 and had 186,000 shares of common stock outstanding throughout the year. Also outstanding all year were 58,500 options to purchase common stock at $11 per share. The average market price of the stock during the year was $15. Compute diluted earnings per share. (Round answer to 2 decimal places, e.g. 3.55.) Diluted earnings per share $ Pearl Corporation reported net income of $213,860 in 2020 and had 53,900 shares of common...
Carla Vista Corporation had 2020 net income of $1,870,500. During 2020, Carla Vista has not declared...
Carla Vista Corporation had 2020 net income of $1,870,500. During 2020, Carla Vista has not declared or paid any dividend on 103,000 non-cumulative preferred shares. Carla Vista also had 290,000 common shares outstanding during the year. Calculate Carla Vista’s 2020 earnings per share. (Round answer to 2 decimal places, e.g. 15.25.) Earnings per share $______________________
Riverbed Corporation reported net income of $259,140 in 2020 and had 52,100 shares of common stock...
Riverbed Corporation reported net income of $259,140 in 2020 and
had 52,100 shares of common stock outstanding throughout the year.
Also outstanding all year were 4,800 shares of cumulative preferred
stock, each convertible into 2 shares of common. The preferred
stock pays an annual dividend of $5 per share. Riverbed’s tax rate
is 40%.
Compute Riverbed’s 2020 diluted earnings per share.
(Round answer to 2 decimal places, e.g.
3.55.)
Diluted earnings per
share
$
During 2020, Mavs Inc, earned a net income of $1,000,000. They paid a dividend of $50,000...
During 2020, Mavs Inc, earned a net income of $1,000,000. They paid a dividend of $50,000 to their preferred stockholders and $100,000 to their common stockholders. They had 50,000 preferred shares outstanding and 25,000 common shares outstanding for the year. Calculate Earnings per Share for 2020. If they had paid no dividends to their common stock, what would be the EPS then? 7 pts Edit Insert Format Tools Table 12pt Paragraph Β Ι Ο Α ν 2 T²voor IM ***
On January 1, 2020, Wildhorse Ltd. had 522,000 common shares outstanding. During 2020, it had the...
On January 1, 2020, Wildhorse Ltd. had 522,000 common shares outstanding. During 2020, it had the following transactions that affected the common share account: Feb. 1 Issued 154,000 shares. Mar. 1 Issued a 20% stock dividend. May 1 Acquired 174,000 common shares and retired them. June 1 Issued a 2-for-1 stock split. Oct. 1 Issued 43,000 shares. The company’s year end is December 31. Part 1 Incorrect answer iconYour answer is incorrect. Determine the weighted average number of shares outstanding...
Question 10 View Policies Current Attempt In Progress The stockholders' equity section of Bramble Corporation appears...
Question 10 View Policies Current Attempt In Progress The stockholders' equity section of Bramble Corporation appears below as of December 31, 2020 8% preferred stock, $50 par value, authorized 105,400 shares, outstanding 95,400 shares Common stock, $1.00 par, authorized and issued 10,600,000 shares Additional paid-in capital Retained earnings Net Income $4.770,000 10,600,000 21,730,000 $142,040,000 34,980,000 177,020,000 $ 214,120,000 Net Income for 2020 reflects a total effective tax rate of 20%. Included in the net income figure is a loss of...
On January 1, 2020, Wildhorse Ltd. had 648,000 common shares outstanding. During 2020, it had the...
On January 1, 2020, Wildhorse Ltd. had 648,000 common shares outstanding. During 2020, it had the following transactions that affected the common share account: Feb. 1 Issued 181,000 shares. Mar. 1 Issued a 18% stock dividend. May 1 Acquired 210,000 common shares and retired them. June 1 Issued a 3-for-1 stock split. Oct. 1 Issued 76,000 shares. The company’s year end is December 31. Determine the weighted average number of shares outstanding as at December 31, 2020. (Round answer to...
X Your answer is incorrect. Flint Corporation reported net income of $221,650 in 2020 and had...
X Your answer is incorrect. Flint Corporation reported net income of $221,650 in 2020 and had 182,000 shares of common stock outstanding throughout the year. Also outstanding all year were 58,500 options to purchase common stock at $10 per share. The average market price of the stock during the year was $15. Compute diluted earnings per share. (Round answer to 2 decimal places, eg. 3.55.) Diluted earnings per share 1.13
Martinez Corporation earned net income of $520,350 in 2020 and had 115,000 shares of common stock...
Martinez Corporation earned net income of $520,350 in 2020 and
had 115,000 shares of common stock outstanding throughout the year.
Also outstanding all year was $750,000 of 9% bonds, which are
convertible into 17,000 shares of common. Martinez’s tax rate is 30
percent.
Compute Martinez’s 2020 diluted earnings per share.
(Round answer to 2 decimal places, e.g.
3.55.)
Diluted earnings per share
$enter diluted earnings per share in dollars rounded to 2
decimal places
Ivanhoe Corporation earned net income of $275,800 in 2020 and had 116,000 shares of common stock...
Ivanhoe Corporation earned net income of $275,800 in 2020 and
had 116,000 shares of common stock outstanding throughout the year.
Also outstanding all year was $900,000 of 9% bonds, which are
convertible into 17,000 shares of common. Ivanhoe’s tax rate is 30
percent.
Compute Ivanhoe’s 2020 diluted earnings per share.
(Round answer to 2 decimal places, e.g.
3.55.)
Diluted earnings per
share
$
Sage Corporation reported net income of $231,840 in 2020 and had 186,000 shares of common stock outstanding throughout the year. Also outstanding all year were 58,500 options to purchase common stock at $11 per share. The average market price of the stock during the year was $15. Compute diluted earnings per share. (Round answer to 2 decimal places, e.g. 3.55.) Diluted earnings per share $ Pearl Corporation reported net income of $213,860 in 2020 and had 53,900 shares of common...
Riverbed Corporation reported net income of $259,140 in 2020 and
had 52,100 shares of common stock outstanding throughout the year.
Also outstanding all year were 4,800 shares of cumulative preferred
stock, each convertible into 2 shares of common. The preferred
stock pays an annual dividend of $5 per share. Riverbed’s tax rate
is 40%.
Compute Riverbed’s 2020 diluted earnings per share.
(Round answer to 2 decimal places, e.g.
3.55.)
Diluted earnings per
share
$
During 2020, Mavs Inc, earned a net income of $1,000,000. They paid a dividend of $50,000 to their preferred stockholders and $100,000 to their common stockholders. They had 50,000 preferred shares outstanding and 25,000 common shares outstanding for the year. Calculate Earnings per Share for 2020. If they had paid no dividends to their common stock, what would be the EPS then? 7 pts Edit Insert Format Tools Table 12pt Paragraph Β Ι Ο Α ν 2 T²voor IM ***
Question 10 View Policies Current Attempt In Progress The stockholders' equity section of Bramble Corporation appears below as of December 31, 2020 8% preferred stock, $50 par value, authorized 105,400 shares, outstanding 95,400 shares Common stock, $1.00 par, authorized and issued 10,600,000 shares Additional paid-in capital Retained earnings Net Income $4.770,000 10,600,000 21,730,000 $142,040,000 34,980,000 177,020,000 $ 214,120,000 Net Income for 2020 reflects a total effective tax rate of 20%. Included in the net income figure is a loss of...
X Your answer is incorrect. Flint Corporation reported net income of $221,650 in 2020 and had 182,000 shares of common stock outstanding throughout the year. Also outstanding all year were 58,500 options to purchase common stock at $10 per share. The average market price of the stock during the year was $15. Compute diluted earnings per share. (Round answer to 2 decimal places, eg. 3.55.) Diluted earnings per share 1.13
Martinez Corporation earned net income of $520,350 in 2020 and
had 115,000 shares of common stock outstanding throughout the year.
Also outstanding all year was $750,000 of 9% bonds, which are
convertible into 17,000 shares of common. Martinez’s tax rate is 30
percent.
Compute Martinez’s 2020 diluted earnings per share.
(Round answer to 2 decimal places, e.g.
3.55.)
Diluted earnings per share
$enter diluted earnings per share in dollars rounded to 2
decimal places
Ivanhoe Corporation earned net income of $275,800 in 2020 and
had 116,000 shares of common stock outstanding throughout the year.
Also outstanding all year was $900,000 of 9% bonds, which are
convertible into 17,000 shares of common. Ivanhoe’s tax rate is 30
percent.
Compute Ivanhoe’s 2020 diluted earnings per share.
(Round answer to 2 decimal places, e.g.
3.55.)
Diluted earnings per
share
$
Most questions answered within 3 hours.
-
Humans have used horses for transportation for millions of
years. Therefore, they will use horses for...
asked 2 minutes ago -
The following are the Jensen Corporation's unit costs of making
and selling an item at a...
asked 37 minutes ago -
Does direct Medicare reimbursement of Advanced practice nurses
increase access to their services?
asked 1 hour ago -
List and explain why a company would choose to use a
published
compensation survey vs. creating...
asked 1 hour ago -
A discrete random variable X can take values from 1 to 10. Find
the variance of...
asked 1 hour ago -
The primary financial goal of a corporation is to maximize:
shareholders wealth.
earnings per share.
stock...
asked 1 hour ago -
determine whether the vectors u=(1,2,3,), v=(-2,1,0) and
w=(1,0,1) are linearly dependent or independent.
asked 2 hours ago -
python
Define a function called print_values which takes a dictionary
object as a parameter. The function...
asked 3 hours ago -
In Chapter 1 you created a program named Triangle in
which you displayed a seven-line triangle...
asked 2 hours ago -
Research question: What are the differences between separately
stated and non separately stated transactions in an...
asked 3 hours ago -
By using Arduino write a code that connects two LEDs to two
push-buttons. Each button controls...
asked 4 hours ago -
Bank of America has bonds that pay a coupon interest rate of 5.5
percent and mature...
asked 5 hours ago