Homework Answers
7) Bonds and preferred share always receive revenue on fixed percentage but common Stockholders received residual income as Share of profit
Earning per share = (Net income-Preferred dividend)/Share outstanding
So answer is a) Only for Common Shares
13) Horizontal analysis
| 2017 | 2016 | Percentage | |
| Revenue | 500000 | 446500 | 53500/446500 = 12% |
So answer is d) 12%
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7. Earnings per share is calculated a) only for common shares. b) only for preferred shares....
c) common size analy d) intracompany analysis. 13. Lovely Things Boutique reported revenue of $500,000 in...
c) common size analy d) intracompany analysis. 13. Lovely Things Boutique reported revenue of $500,000 in 2017 and $446,500 in 2016. The horizontal percentage change from 2016 to 2017 is a) 9% b) 10% c) 11% d) 12%.
d) intracompany analysis. 13. Lovely Things Boutique reported revenue of $500,000 in 2017 and $446,500 in...
d) intracompany analysis. 13. Lovely Things Boutique reported revenue of $500,000 in 2017 and $446,500 in 2016. The horizontal percentage change from 2016 to 2017 is a) 9% b) 10%. c) 11% d) 12%. d) 6) Companies generally purchase investments in debt and equity securities a) to generate a return on excess cash until needed. b) to generate investment income. c) to meet strategic goals. d) all of the above
1. All of the following are examples of money-market investments EXCEPT a) money-market funds. b) term...
1. All of the following are examples of money-market investments EXCEPT a) money-market funds. b) term deposits. c) treasury bills. d) shares of a privately held corporation. 2. Under the equity method of accounting for long-term investments in common shares, when a dividend is received from the investee company, a) the Dividend Revenue account is credited. b) the Investment in Associate account is increased. c) the Investment in Associate account is decreased. d) no entry is necessary 3. If a...
Having trouble with the ratio for the book value for the common share, preferred share, earnings...
Having trouble with the ratio
for the book value for the common share, preferred share, earnings
per share and the price earnings ratio. Not sure where i am going
wrong.
Other information No dividends were declared or paid for the years ended October 31, 2017 and 2016. 1. The market value per common share at October 31, 2017 and 2016 were $29 and $25 respectively. 2. Book value per common 14.91 share Book value per preferred $22.00 share Earnings per...
Common shares (500,000 outstanding shares) Preferred shares (8 percent; 21,000 outstanding shares) Retained earnings $500,000 210,000...
Common shares (500,000 outstanding shares) Preferred shares (8 percent; 21,000 outstanding shares) Retained earnings $500,000 210,000 900,000 On December 31, 2017, the board of directors is considering the distribution of a cash dividend to the common and preferred shareholders. No dividends were declared during 2015 or 2016. Three independent cases are assumed: Case A: The preferred shares are non-cumulative; the total amount of 2017 dividends would be $30,000. Case B: The preferred shares are cumulative; the total amount of 2017...
Problem #7 - Earnings Per Share (10 points) In 2017, Esther Corporation reported net income of...
Problem #7 - Earnings Per Share (10 points) In 2017, Esther Corporation reported net income of $500,000. It declared and paid preferred stock dividends of $180,000 and common stock dividends of $60,000. During 2017, Esther had a weighted average of 250,000 common shares outstanding. Compute Esther's 2017 earnings per share. Earnings Per Share = B. Norling Corporation reports the following information: Net income $850,000 Dividends on common stock $210,000 Dividends on preferred stock $ 90,000 Weighted average common shares outstanding...
Convertible Securities and Earnings per Share Percy Company has 15,000 shares of common stock outstanding during...
Convertible Securities and Earnings per Share Percy Company has 15,000 shares of common stock outstanding during all of 2016. It also has 2 convertible securities outstanding at the end of 2016. These are: 1. Convertible preferred stock: 1,000 shares of 9%, $100 par, preferred stock were issued in 2015 for $140 per share. Each share of preferred stock is convertible into 3.5 shares of common stock. The current dividends have been paid. To date, no preferred stock has been converted....
How is earnings per common share calculated? a. Operating profit divided by the average number of...
How is earnings per common share calculated? a. Operating profit divided by the average number of common stock shares outstanding. b. Net profit divided by the average number of common and preferred stock shares outstanding. c. Operating profit divided by the average number of repurchased common stock shares. d. Net profit divided by the average number of common stock shares outstanding.
Ritz Company had the following shares outstanding and Retained Earnings at December 31, 2017: Common shares...
Ritz Company had the following shares outstanding and Retained Earnings at December 31, 2017: Common shares (500,000 outstanding shares) Preferred shares (8 percent: 21,000 outstanding shares) Retained earnings $500,000 210,000 900,000 On December 31, 2017, the board of directors is considering the distribution of a cash dividend to the common and preferred shareholders. No dividends were declared during 2015 or 2016. Three independent cases are assumed: Case A: Case B: The preferred shares are non-cumulative; the total amount of 2017...
EARNINGS PER SHARE EARNINGS PER SHARE WITH MULTIPLE POTENTIAL DILUTERS The following relate to Palmeto Corporation:...
EARNINGS PER SHARE EARNINGS PER SHARE WITH MULTIPLE POTENTIAL DILUTERS The following relate to Palmeto Corporation: Capital Stock: Common Stock, par $1, outstanding on 1/1/X1 90,000 shares Common Stock, issued 05/01/X1 6,000 shares Preferred Stock, par $20, percent (cumulative and nonconvertible) outstanding on 01/01/X1 2,500 shares Income data for year ending 12.31.X1: Income from Continuing Operations $134,000 Gain from Discontinued Operations (net of 40% tax) 10,000 Net Income 144.000 The following securities are outstanding for the entire year: 1. Stock...
c) common size analy d) intracompany analysis. 13. Lovely Things Boutique reported revenue of $500,000 in 2017 and $446,500 in 2016. The horizontal percentage change from 2016 to 2017 is a) 9% b) 10% c) 11% d) 12%.
d) intracompany analysis. 13. Lovely Things Boutique reported revenue of $500,000 in 2017 and $446,500 in 2016. The horizontal percentage change from 2016 to 2017 is a) 9% b) 10%. c) 11% d) 12%. d) 6) Companies generally purchase investments in debt and equity securities a) to generate a return on excess cash until needed. b) to generate investment income. c) to meet strategic goals. d) all of the above
1. All of the following are examples of money-market investments EXCEPT a) money-market funds. b) term deposits. c) treasury bills. d) shares of a privately held corporation. 2. Under the equity method of accounting for long-term investments in common shares, when a dividend is received from the investee company, a) the Dividend Revenue account is credited. b) the Investment in Associate account is increased. c) the Investment in Associate account is decreased. d) no entry is necessary 3. If a...
Having trouble with the ratio
for the book value for the common share, preferred share, earnings
per share and the price earnings ratio. Not sure where i am going
wrong.
Other information No dividends were declared or paid for the years ended October 31, 2017 and 2016. 1. The market value per common share at October 31, 2017 and 2016 were $29 and $25 respectively. 2. Book value per common 14.91 share Book value per preferred $22.00 share Earnings per...
Common shares (500,000 outstanding shares) Preferred shares (8 percent; 21,000 outstanding shares) Retained earnings $500,000 210,000 900,000 On December 31, 2017, the board of directors is considering the distribution of a cash dividend to the common and preferred shareholders. No dividends were declared during 2015 or 2016. Three independent cases are assumed: Case A: The preferred shares are non-cumulative; the total amount of 2017 dividends would be $30,000. Case B: The preferred shares are cumulative; the total amount of 2017...
Problem #7 - Earnings Per Share (10 points) In 2017, Esther Corporation reported net income of $500,000. It declared and paid preferred stock dividends of $180,000 and common stock dividends of $60,000. During 2017, Esther had a weighted average of 250,000 common shares outstanding. Compute Esther's 2017 earnings per share. Earnings Per Share = B. Norling Corporation reports the following information: Net income $850,000 Dividends on common stock $210,000 Dividends on preferred stock $ 90,000 Weighted average common shares outstanding...
Convertible Securities and Earnings per Share Percy Company has 15,000 shares of common stock outstanding during all of 2016. It also has 2 convertible securities outstanding at the end of 2016. These are: 1. Convertible preferred stock: 1,000 shares of 9%, $100 par, preferred stock were issued in 2015 for $140 per share. Each share of preferred stock is convertible into 3.5 shares of common stock. The current dividends have been paid. To date, no preferred stock has been converted....
Ritz Company had the following shares outstanding and Retained Earnings at December 31, 2017: Common shares (500,000 outstanding shares) Preferred shares (8 percent: 21,000 outstanding shares) Retained earnings $500,000 210,000 900,000 On December 31, 2017, the board of directors is considering the distribution of a cash dividend to the common and preferred shareholders. No dividends were declared during 2015 or 2016. Three independent cases are assumed: Case A: Case B: The preferred shares are non-cumulative; the total amount of 2017...
EARNINGS PER SHARE EARNINGS PER SHARE WITH MULTIPLE POTENTIAL DILUTERS The following relate to Palmeto Corporation: Capital Stock: Common Stock, par $1, outstanding on 1/1/X1 90,000 shares Common Stock, issued 05/01/X1 6,000 shares Preferred Stock, par $20, percent (cumulative and nonconvertible) outstanding on 01/01/X1 2,500 shares Income data for year ending 12.31.X1: Income from Continuing Operations $134,000 Gain from Discontinued Operations (net of 40% tax) 10,000 Net Income 144.000 The following securities are outstanding for the entire year: 1. Stock...
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