Homework Answers
| Answer: | ||
| 2017 | 2016 | |
|
Earnings per share = (Net income (-) Preferred Dividends ) / Weighted average shares Outstanding |
$
2.65 ( $ 280,000 (-) $ 15,000 ) / 100,000 shares |
$
2.33 ( $ 190,000 (-) $ 15,000 ) / 75,000 |
|
Return on Common Stockholder's
equity = Net Income / Average Stockholder's Equity |
25.45% ( $ 280,000 / $ 1,100,000 ) |
22.35% ( $ 190,000 / $ 850,000 ) |
| (a) | |||
| 2016 | 2017 | 2018 | |
| Allocation to preferred stock | $ 5,550 | $ 6,650 | $6,650 |
| Allocation to common stock | $ 0 |
$ 7,850 ( $ 14,500 (-) $ 6,650 ) |
$ 22,350 ( $ 29,000 (-) $ 6,650) |
| Note : | |||
|
Preferred dividend = 1,900 shares x $ 50 x 7% = $ 6,650 |
Add Answer to:
Weygandt, Accounting Principles, 12e LUS Help System Announcements Return to Blackboard RCES Tk Exercise 14-15 The...
Weygandt, Accounting Principles, 13e Help System Announcements Exercise 14-16 This financial information is available for Cullumber...
Weygandt, Accounting Principles, 13e Help System Announcements Exercise 14-16 This financial information is available for Cullumber Corporation. 2020 2019 Average common stockholders' equity Dividends paid to common stockholders Dividends paid to preferred stockholders Net income Market price of common stock $1,770,000 95,000 18,500 286,500 19 $2,100,000 65,500 18,500 245,000 23 The weighted average number of shares of common stock outstanding was 176,000 for 2 Calculate earnings per share and return on common stockholders' equity for 2020 and 20 2020 2019...
Return to Blackboard Weygandt, Accounting Principles, 12e ·BACK- PRINTER VERSION ASSIGNMENT RESOURCES Exercise 14-3 On January...
Return to Blackboard Weygandt, Accounting Principles, 12e ·BACK- PRINTER VERSION ASSIGNMENT RESOURCES Exercise 14-3 On January 1, 2017, Frontler Corporation had $1,140,000 of common stock outstanding that was issued at par. It also had retained earnings of $744,000. The company issued 40,000 shares of common stock at par on July 1 and earned net income of $395,000 for the year Journalize the dedaration of a 14% stock dividend on December 10, 2017, for following independent assumptions. (Cedit account titles are...
Weygandt, Accounting Principles, 12e Help System Announcements Exercise 17-8 Your answer is partially correct. Try again....
Weygandt, Accounting Principles, 12e Help System Announcements Exercise 17-8 Your answer is partially correct. Try again. Here are comparative balance sheets for Velo Company. VELO COMPANY Comparative Balance Sheets December 31 Assets 2017 2016 Cash Accounts receivable Inventory Land Equipment Accumulated depreciation equipment Total Liabilities and Stockholders' Equity Accounts payable Bonds payable Common stock ($1 par) Retained earnings Total $72,700 86,300 169,700 72,200 260,400 (65,700) $595,600 $33,400 71,100 187,500 101,400 199,300 (34,300) $558,400 $35,500 148,300 217,500 194,300 $595,600 $47,500 203,300...
Return to Blackboard Weygandt, Accounting Principles, 13e Help System Announcements Exercise 164 Presented below is a...
Return to Blackboard Weygandt, Accounting Principles, 13e Help System Announcements Exercise 164 Presented below is a list of costs and expenses incurred in the factory by Nu-Way Corporation, a manufacturer of recreational vehicles. Classify the below items into the following categories: 1. Property taxes on the factory land 2. Nails and glue used in production Cabinet maker's wages 4. Factory supervisors' salaries 5. Metal used in manufacturing 6. Depreciation on factory machines 7. Factory utilities 8. Carpeting for the recreational...
can you work it out for me also C14 #2 Weygandt, Accounting Principles, 13e Help System...
can you work it out for me also
C14 #2 Weygandt, Accounting Principles, 13e Help System Announcements Exercise 14-19 a-b At December 31, Pharoah Corporation has total stockholders' equity of $3,100,000. Included in this total are preferred stock $750,000 and paid-in capital in excess of par preferred stock $49,800. There are 15,000 shares of $50 par value 7% cumulative preferred stock outstanding. At year-end, 250,000 shares of common stock are outstanding Compute the book value per share of common stock...
Weygandt, Accounting Principles, 13e Exercise 14-16
Weygandt, Accounting Principles, 13e Exercise 14-16 This financial information is available for Sandhill Corporation. The weighted average number of shares of common stock outstanding was 181,000 for 2019 and 148,500 for 2020. Calculate earnings per share and return on common stockholders' equity for 2020 and 2019.
Hips://edugen.wileyplus.com/edugen/ti/main.uni WileyPLUS > Weygandt, Accounting Principles, 12e Help System Announcements (Unread Multiple Choice Question 56 Crane...
Hips://edugen.wileyplus.com/edugen/ti/main.uni WileyPLUS > Weygandt, Accounting Principles, 12e Help System Announcements (Unread Multiple Choice Question 56 Crane Company prepared a 2016 budget for 30000 units of product. Actual production in 2016 was 40000 units. To be most useful what amounts should performance report for this company compare? The actual results for 40000 units with the original budget for 10000 units. It doesn't m e an of these choices are equally useful The actuale s for 40000 units with a new budget...
LUS Wygun RCCOUNY PICipies, 12e Help System Announcements k Exercise 17-8 Here are comparative balance sheets...
LUS Wygun RCCOUNY PICipies, 12e Help System Announcements k Exercise 17-8 Here are comparative balance sheets for Velo Company. VELO COMPANY Comparative Balance Sheets December 31 Assets 2017 2016 Cash Accounts receivable Inventory Land Equipment Accumulated depreciation-equipment Total Liabilities and Stockholders' Equity Accounts payable Bonds payable Common stock ($1 par) Retained earnings Total $72,700 86,300 169,700 72,200 260,400 (65,700) $595,600 $33,400 71,100 187,500 101,400 199,300 (34,300) $558,400 $35,500 148,300 217,500 194,300 $595,600 $47,500 203,300 172,500 135,100 $558,400 Additional information: 1....
Weygandt, Accounting Principles, 12e Help System Announcements (1 Unread) Multiple Choice Question 80 Waterway Company has...
Weygandt, Accounting Principles, 12e Help System Announcements (1 Unread) Multiple Choice Question 80 Waterway Company has the following equivalent units for Julyi materials 25500 and conversion costs 26000. Production cost data are: Materials Conversion Work in process, July 1 $ 6100 $ 2200 Costs added in July 50000 42000 The unit production costs for July are: Materials Conversion Costs $2.20 $1.70 $2.20 $1.62 oooo $1.96 $1.62 $1.96 51.70 Click if you would like to Show Work for this question: Open...
Return to Blackboard JS Weygandt, Managerial Accounting, Fifth Canadian Edition Help System Announcements 5 Westerville Corp....
Return to Blackboard JS Weygandt, Managerial Accounting, Fifth Canadian Edition Help System Announcements 5 Westerville Corp. has collected the following data concerning its maintenance costs for the past six months: Units Produced Total Cost July 17,300 $31,620 August 32,900 48,000 September 36,100 55,100 Octobes 22,400 39,000 November 40,300 65,200 December 38,200 62,300 sidy (ai) Your answer is correct. Calculate the variable cost per unit using the high-low method. (Round variable cost per unit to 2 decimal places, e.g. 12.25 Variable...
Weygandt, Accounting Principles, 13e Help System Announcements Exercise 14-16 This financial information is available for Cullumber Corporation. 2020 2019 Average common stockholders' equity Dividends paid to common stockholders Dividends paid to preferred stockholders Net income Market price of common stock $1,770,000 95,000 18,500 286,500 19 $2,100,000 65,500 18,500 245,000 23 The weighted average number of shares of common stock outstanding was 176,000 for 2 Calculate earnings per share and return on common stockholders' equity for 2020 and 20 2020 2019...
Return to Blackboard Weygandt, Accounting Principles, 12e ·BACK- PRINTER VERSION ASSIGNMENT RESOURCES Exercise 14-3 On January 1, 2017, Frontler Corporation had $1,140,000 of common stock outstanding that was issued at par. It also had retained earnings of $744,000. The company issued 40,000 shares of common stock at par on July 1 and earned net income of $395,000 for the year Journalize the dedaration of a 14% stock dividend on December 10, 2017, for following independent assumptions. (Cedit account titles are...
Weygandt, Accounting Principles, 12e Help System Announcements Exercise 17-8 Your answer is partially correct. Try again. Here are comparative balance sheets for Velo Company. VELO COMPANY Comparative Balance Sheets December 31 Assets 2017 2016 Cash Accounts receivable Inventory Land Equipment Accumulated depreciation equipment Total Liabilities and Stockholders' Equity Accounts payable Bonds payable Common stock ($1 par) Retained earnings Total $72,700 86,300 169,700 72,200 260,400 (65,700) $595,600 $33,400 71,100 187,500 101,400 199,300 (34,300) $558,400 $35,500 148,300 217,500 194,300 $595,600 $47,500 203,300...
Return to Blackboard Weygandt, Accounting Principles, 13e Help System Announcements Exercise 164 Presented below is a list of costs and expenses incurred in the factory by Nu-Way Corporation, a manufacturer of recreational vehicles. Classify the below items into the following categories: 1. Property taxes on the factory land 2. Nails and glue used in production Cabinet maker's wages 4. Factory supervisors' salaries 5. Metal used in manufacturing 6. Depreciation on factory machines 7. Factory utilities 8. Carpeting for the recreational...
can you work it out for me also
C14 #2 Weygandt, Accounting Principles, 13e Help System Announcements Exercise 14-19 a-b At December 31, Pharoah Corporation has total stockholders' equity of $3,100,000. Included in this total are preferred stock $750,000 and paid-in capital in excess of par preferred stock $49,800. There are 15,000 shares of $50 par value 7% cumulative preferred stock outstanding. At year-end, 250,000 shares of common stock are outstanding Compute the book value per share of common stock...
Weygandt, Accounting Principles, 13e Exercise 14-16 This financial information is available for Sandhill Corporation. The weighted average number of shares of common stock outstanding was 181,000 for 2019 and 148,500 for 2020. Calculate earnings per share and return on common stockholders' equity for 2020 and 2019.
Hips://edugen.wileyplus.com/edugen/ti/main.uni WileyPLUS > Weygandt, Accounting Principles, 12e Help System Announcements (Unread Multiple Choice Question 56 Crane Company prepared a 2016 budget for 30000 units of product. Actual production in 2016 was 40000 units. To be most useful what amounts should performance report for this company compare? The actual results for 40000 units with the original budget for 10000 units. It doesn't m e an of these choices are equally useful The actuale s for 40000 units with a new budget...
LUS Wygun RCCOUNY PICipies, 12e Help System Announcements k Exercise 17-8 Here are comparative balance sheets for Velo Company. VELO COMPANY Comparative Balance Sheets December 31 Assets 2017 2016 Cash Accounts receivable Inventory Land Equipment Accumulated depreciation-equipment Total Liabilities and Stockholders' Equity Accounts payable Bonds payable Common stock ($1 par) Retained earnings Total $72,700 86,300 169,700 72,200 260,400 (65,700) $595,600 $33,400 71,100 187,500 101,400 199,300 (34,300) $558,400 $35,500 148,300 217,500 194,300 $595,600 $47,500 203,300 172,500 135,100 $558,400 Additional information: 1....
Weygandt, Accounting Principles, 12e Help System Announcements (1 Unread) Multiple Choice Question 80 Waterway Company has the following equivalent units for Julyi materials 25500 and conversion costs 26000. Production cost data are: Materials Conversion Work in process, July 1 $ 6100 $ 2200 Costs added in July 50000 42000 The unit production costs for July are: Materials Conversion Costs $2.20 $1.70 $2.20 $1.62 oooo $1.96 $1.62 $1.96 51.70 Click if you would like to Show Work for this question: Open...
Return to Blackboard JS Weygandt, Managerial Accounting, Fifth Canadian Edition Help System Announcements 5 Westerville Corp. has collected the following data concerning its maintenance costs for the past six months: Units Produced Total Cost July 17,300 $31,620 August 32,900 48,000 September 36,100 55,100 Octobes 22,400 39,000 November 40,300 65,200 December 38,200 62,300 sidy (ai) Your answer is correct. Calculate the variable cost per unit using the high-low method. (Round variable cost per unit to 2 decimal places, e.g. 12.25 Variable...
Most questions answered within 3 hours.
-
You purchase your daily coffee at the Chemist’s Coffeehouse and
have a choice of two cups:...
asked 1 hour ago -
Which of the following pairs of chemicals could be used to make
a buffer solution?
A.)...
asked 1 hour ago -
Problem 16-51 Sales
Activity Variance (LO 16-3)Odessa, Inc., reports the following
information concerning operations for the...
asked 1 hour ago -
Pictured on the right are thee point charges Q1 = 18.4 μC, Q2 =
-30.6 μC,...
asked 2 hours ago -
A graduate student is conducting research in psychology and
needs to obtain the IQ scores of...
asked 2 hours ago -
R2.84: There are 2 defective products in a production lot of 10.
An inspector randomly selected...
asked 3 hours ago -
Consider the following equilibrium system: COCl2(g) CO(g) +
Cl2(g) A 10.00 L evacuated flask is filled...
asked 4 hours ago -
1) What are the two distinct steps that one needs to perform
when developing a data...
asked 4 hours ago -
2) Write a C++ program that uses a class called “Degree” to
obtain the trigonometric
values...
asked 5 hours ago -
1. In eukaryotic cells the genomes of
&
asked 5 hours ago -
The standard enthalpy of propanol (C3H7OH) is -303.0 kJ/mol.
Compute both of the
gross and net...
asked 5 hours ago -
Why PWM using H-bridge for control motor speed is more power
effiecient than the linear amplifier...
asked 5 hours ago