Homework Answers
Outstanding shares = share issued-treasury shares
= (241000/10)-(900/15)
Outstanding shares = 24040
So answer is d) 24040
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Question 10 x Your answer is incorrect. Try again. The following data is available for Swifty...
Brief Exercise 11-07 X Your answer is incorrect. Try again. Swifty Corporation has 10,500 shares of...
Brief Exercise 11-07 X Your answer is incorrect. Try again. Swifty Corporation has 10,500 shares of 7%, $100 par value, cumulative preferred stock outstanding at December 31, 2022. No dividends were declared in 2020 or 2021. If Swifty wants to pay $400,000 of dividends in 2022, what amount of dividends will common stockholders receive? Dividends allocated to common stock $.....
x Your answer is incorrect. Try again. The shareholders' equity section of Swifty Corporation as at...
x Your answer is incorrect. Try again. The shareholders' equity section of Swifty Corporation as at December 31, 2020, follows: 10% cumulative preferred shares, 100,000 shares authorized, 81,000 shares outstanding Common shares, 10 million shares authorized and issued Contributed surplus $4,500,000 10,000,000 10,700,000 25,200,000 181,000,000 $206,200,000 Retained earnings Net income of $25 million for 2020 reflects a total effective tax rate of 26%. Included in the net income figure is a loss of $16 million (before tax) relating to the...
X Your answer is incorrect. Try again. Sage Inc. presented the following data. $2,540,000 Net income...
X Your answer is incorrect. Try again. Sage Inc. presented the following data. $2,540,000 Net income Preferred stock: 54,000 shares outstanding, $100 par, 8% cumulative, not convertible Common stock: Shares outstanding 1/1 Issued for cash, 5/1 Acquired treasury stock for cash, 8/1 2-for-1 stock split, 10/1 5,400,000 718,800 328,800 165,600 compute earnings per share. (Round answer to 2 decimal places, e.g. $2.55.) Earnings per share 0.82
The following data is available for BOX Corporation at December 31, 2014: Common stock, par $10...
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Your answer is incorrect. Try again. Charles Austin of the controller’s office of Crane Corporation was...
Your answer is incorrect. Try
again.
Charles Austin of the controller’s office of Crane Corporation
was given the assignment of determining the basic and diluted
earnings per share values for the year ending December 31, 2021.
Austin has compiled the information listed below.
1.
The company is authorized to issue 8,000,000 shares of $10 par
value common stock. As of December 31, 2020, 2,000,000 shares had
been issued and were outstanding.
2.
The per share market prices of the common...
The following data is available for Red Carpet Corporation at December 31: Common stock, par $2...
The following data is available for Red Carpet Corporation at December 31: Common stock, par $2 (authorized 300,000 shares) $250,000 Treasury stock (at cost $10 per share) $ 1,200 Based on the data, how many shares of common stock are outstanding? 125,000 300.000 149,880 298,880 124,880
The following data is available for Oriole Company at December 31, 2020: Common stock, par $10...
The following data is available for Oriole Company at December 31, 2020: Common stock, par $10 (authorized 29000 shares) $232000 Treasury stock (at cost $15 per share) $975 Based on the data, how many shares of common stock are outstanding? 23200. 29000. 23135. 26035.
x Your answer is incorrect. Try again. Morgan Sondgeroth Inc. began operations in January 2018 and...
x Your answer is incorrect. Try again. Morgan Sondgeroth Inc. began operations in January 2018 and reported the following results for each of its 3 years of operations. 2018 $260,000 net loss 2019 $40,000 net loss 2020 $800,000 net income At December 31, 2020, Morgan Sondgeroth Inc. capital accounts were as follows. $500,000 8% cumulative preferred stock, par value $100; authorized, issued, and outstanding 5,000 shares Common stock, par value $1.00; authorized 1,000,000 shares; issued and outstanding 750,000 shares $750,000...
Can you please help me solve this? Your answer is incorrect. Try again. Calculate the payout...
Can you please help me solve this?
Your answer is incorrect. Try again. Calculate the payout ratio, earnings per share, and return on common stockholders' equity. (Note: Use the common shares outstanding on January 1 and December 31 to determine the average shares outstanding.) (Round earning per share to 2 decimal places, e.g. $2.66 and all other answers to 1 decimal place. 17.5%. ) Payout ratio 44 Earnings per share Return on common stockholders' equity 6.7 Problem 11-02A (Part Level...
Your answer is incorrect. Try again Bonita Inc. began operations in January 2018 and reported the...
Your answer is incorrect. Try again Bonita Inc. began operations in January 2018 and reported the following results for each of its 3 years of op 2018 $252,000 net loss 2019 $39,000 net loss 2020 $868,000 net income At December 31, 2020, Bonita Inc. capital accounts were as follows. 400.000 8 cumulative preferred stock, par value $100; authorised, sed, and outstanding 4,900 shares Common stock, par value $1.00; authorized 1,000,000 shares, Issued and outstanding 769,000 shares $769,000 Bonita Inc. has...
Brief Exercise 11-07 X Your answer is incorrect. Try again. Swifty Corporation has 10,500 shares of 7%, $100 par value, cumulative preferred stock outstanding at December 31, 2022. No dividends were declared in 2020 or 2021. If Swifty wants to pay $400,000 of dividends in 2022, what amount of dividends will common stockholders receive? Dividends allocated to common stock $.....
x Your answer is incorrect. Try again. The shareholders' equity section of Swifty Corporation as at December 31, 2020, follows: 10% cumulative preferred shares, 100,000 shares authorized, 81,000 shares outstanding Common shares, 10 million shares authorized and issued Contributed surplus $4,500,000 10,000,000 10,700,000 25,200,000 181,000,000 $206,200,000 Retained earnings Net income of $25 million for 2020 reflects a total effective tax rate of 26%. Included in the net income figure is a loss of $16 million (before tax) relating to the...
X Your answer is incorrect. Try again. Sage Inc. presented the following data. $2,540,000 Net income Preferred stock: 54,000 shares outstanding, $100 par, 8% cumulative, not convertible Common stock: Shares outstanding 1/1 Issued for cash, 5/1 Acquired treasury stock for cash, 8/1 2-for-1 stock split, 10/1 5,400,000 718,800 328,800 165,600 compute earnings per share. (Round answer to 2 decimal places, e.g. $2.55.) Earnings per share 0.82
Your answer is incorrect. Try
again.
Charles Austin of the controller’s office of Crane Corporation
was given the assignment of determining the basic and diluted
earnings per share values for the year ending December 31, 2021.
Austin has compiled the information listed below.
1.
The company is authorized to issue 8,000,000 shares of $10 par
value common stock. As of December 31, 2020, 2,000,000 shares had
been issued and were outstanding.
2.
The per share market prices of the common...
The following data is available for Red Carpet Corporation at December 31: Common stock, par $2 (authorized 300,000 shares) $250,000 Treasury stock (at cost $10 per share) $ 1,200 Based on the data, how many shares of common stock are outstanding? 125,000 300.000 149,880 298,880 124,880
x Your answer is incorrect. Try again. Morgan Sondgeroth Inc. began operations in January 2018 and reported the following results for each of its 3 years of operations. 2018 $260,000 net loss 2019 $40,000 net loss 2020 $800,000 net income At December 31, 2020, Morgan Sondgeroth Inc. capital accounts were as follows. $500,000 8% cumulative preferred stock, par value $100; authorized, issued, and outstanding 5,000 shares Common stock, par value $1.00; authorized 1,000,000 shares; issued and outstanding 750,000 shares $750,000...
Can you please help me solve this?
Your answer is incorrect. Try again. Calculate the payout ratio, earnings per share, and return on common stockholders' equity. (Note: Use the common shares outstanding on January 1 and December 31 to determine the average shares outstanding.) (Round earning per share to 2 decimal places, e.g. $2.66 and all other answers to 1 decimal place. 17.5%. ) Payout ratio 44 Earnings per share Return on common stockholders' equity 6.7 Problem 11-02A (Part Level...
Your answer is incorrect. Try again Bonita Inc. began operations in January 2018 and reported the following results for each of its 3 years of op 2018 $252,000 net loss 2019 $39,000 net loss 2020 $868,000 net income At December 31, 2020, Bonita Inc. capital accounts were as follows. 400.000 8 cumulative preferred stock, par value $100; authorised, sed, and outstanding 4,900 shares Common stock, par value $1.00; authorized 1,000,000 shares, Issued and outstanding 769,000 shares $769,000 Bonita Inc. has...
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