Homework Answers
| Earnings per share = (net income - dividend to preferred)/average oustanding shares | ||||||||
| average outstanding shares =(469000+554000)/2 | ||||||||
| 511500 | ||||||||
| earnings per share = | (217200-18500)/511500 | |||||||
| 0.39 | answer | |||||||
Add Answer to:
MC Qu. 13-75 Melrose Manufacturing has net sales revenue... Melrose Manufacturing has net sales revenue of...
For 2017 Vaughn Manufacturing reported net income of $37000; net sales $363500; and average share outstanding...
For 2017 Vaughn Manufacturing reported net income of $37000; net sales $363500; and average share outstanding 16000. There were no preferred dividends. What was the 2017 earnings per share? $25.31 $0.58 $2.31 $0.39
Bramble Corporation had net sales of $5,060,000 and interest revenue of $86,000 during 2017. Expenses for...
Bramble Corporation had net sales of $5,060,000 and interest
revenue of $86,000 during 2017. Expenses for 2017 were cost of
goods sold $3,120,000; selling expenses $434,000; administrative
expenses $550,000; and interest expense $23,000. Bramble’s tax rate
is 40%. The corporation had 560,000 shares of common stock
authorized and 56,000 shares issued and outstanding during 2017.
Prepare a single-step income statement for the year ended December
31, 2017.
BRAMBLE CORPORATION Income Statement For the Year Ended December 31, 2017
MC Qu. 11-176 Creston Enterprises has common stock with a par value of... Creston Enterprises has...
MC Qu. 11-176 Creston Enterprises has common stock with a par value of... Creston Enterprises has common stock with a par value of $5. During the current year, it declared and paid dividends of $20,000. It sold at $20 per share an additional 2,000 shares of stock that had not been previously issued. In addition, it had net income of $100,000 for the year. What is the amount of change to its stockholders' equity for the year? Multiple Choice 0...
Skysong Corporation had net sales of $2,406,400 and interest revenue of $40,100 during 2020. Expenses for...
Skysong Corporation had net sales of $2,406,400 and interest revenue of $40,100 during 2020. Expenses for 2020 were cost of goods sold $1,461,200, administrative expenses $220,800, selling expenses $285,300, and interest expense $53,200. Skysong's tax rate is 30%. The corporation had 104,400 shares of common stock authorized and 73,520 shares issued and outstanding during 2020. Prepare a single-step income statement for the year ended December 31, 2020. (Round earnings per share to 2 decimal places, eg. 1.48.)
Skysong Corporation had net sales of $2,406,400 and interest revenue of $40,100 during 2020. Expenses for...
Skysong Corporation had net sales of $2,406,400 and interest revenue of $40,100 during 2020. Expenses for 2020 were cost of goods sold $1,461,200, administrative expenses $220,800, selling expenses $285,300, and interest expense $53,200. Skysong’s tax rate is 30%. The corporation had 104,400 shares of common stock authorized and 73,520 shares issued and outstanding during 2020. Prepare a single-step income statement for the year ended December 31, 2020. (Round earnings per share to 2 decimal places, e.g. 1.48.)
Bramble Corporation had net sales revenue of $5,840,000 and investment revenue of $224,000 for the year...
Bramble Corporation had net sales revenue of $5,840,000 and investment revenue of $224,000 for the year ended December 31, 2020. Other items pertaining to 2020 were as follows: Cost of goods sold Salaries and wages expense (sales) Advertising expense Entertainment expense Selling expenses $4,610,000 379,000 126,000 76,000 581,000 Salaries and wages expense (administrative) Rent expense Utilities expense Administrative expenses 293,000 106,000 45,000 444,000 Increase in value of company reputation Unrealized gain on value of patents Interest expense Income tax expense...
TB MC Qu. 2-113 Opunui Corporation has two manufacturing ... Opunul Corporation has two manufacturing departments-Molding...
TB MC Qu. 2-113 Opunui Corporation has two manufacturing ... Opunul Corporation has two manufacturing departments-Molding and Finishing. The company used the following data at the beginning of the year to calculate predetermined overhead rates: Molding Estimated total machine-hours (MHS) 3,250 Estimated total fixed manufacturing overhead cost $ 27,000 Estimated variable manufacturing overhead cost per $ 1.00 Finishing 2,250 $4,700 $ 2.00 Total 5,500 $ 31,700 MO During the most recent month, the company started and completed two jobs-Job A...
Marigold Corporation had net sales of $2,400,900 and interest revenue of $37,400 during 2020. Expenses for...
Marigold Corporation had net sales of $2,400,900 and interest revenue of $37,400 during 2020. Expenses for 2020 were cost of goods sold $1,466,300, administrative expenses $221,700, selling expenses $298,700, and interest expense $45,300. Marigold’s tax rate is 30%. The corporation had 100,000 shares of common stock authorized and 74,370 shares issued and outstanding during 2020. Prepare a single-step income statement for the year ended December 31, 2020. (Round earnings per share to 2 decimal places, e.g. 1.48.) Create an Income...
i Data Table - X Selected income statement data for the current year Net Sales Revenue...
i Data Table - X Selected income statement data for the current year Net Sales Revenue (all on credit) Cost of Goods Sold Interest Expense Net Income Best Digital 416,830 $ 210,000 Very Network 493,115 258,000 19,000 66,000 49,000 Print Done Clear All Data Table Selected balance sheet and market price data at the end of the current year Best Digital Very Network Current Assets Cash Short-term Investments Accounts Receivables, Net Merchandise Inventory 28,000 $ 39,000 39,000 66,000 19,000 191,000...
Knowledge Check 01 Alpha Company has sales revenue of $5,000,000, cost of goods sold of $2,000,000,...
Knowledge Check 01 Alpha Company has sales revenue of $5,000,000, cost of goods sold of $2,000,000, and net income of $750,000. For the last three years, the company has 1,000,000 shares of common stock authorized and 200,000 shares of common stock issued and outstanding The company does not have any preferred stock. What is basic EPS for Alpha Company? EPS Required information Knowledge Check 01 How is accumulated other comprehensive income reported? Multiple Choice In the balance sheet as a...
For 2017 Vaughn Manufacturing reported net income of $37000; net sales $363500; and average share outstanding 16000. There were no preferred dividends. What was the 2017 earnings per share? $25.31 $0.58 $2.31 $0.39
Bramble Corporation had net sales of $5,060,000 and interest
revenue of $86,000 during 2017. Expenses for 2017 were cost of
goods sold $3,120,000; selling expenses $434,000; administrative
expenses $550,000; and interest expense $23,000. Bramble’s tax rate
is 40%. The corporation had 560,000 shares of common stock
authorized and 56,000 shares issued and outstanding during 2017.
Prepare a single-step income statement for the year ended December
31, 2017.
BRAMBLE CORPORATION Income Statement For the Year Ended December 31, 2017
MC Qu. 11-176 Creston Enterprises has common stock with a par value of... Creston Enterprises has common stock with a par value of $5. During the current year, it declared and paid dividends of $20,000. It sold at $20 per share an additional 2,000 shares of stock that had not been previously issued. In addition, it had net income of $100,000 for the year. What is the amount of change to its stockholders' equity for the year? Multiple Choice 0...
Skysong Corporation had net sales of $2,406,400 and interest revenue of $40,100 during 2020. Expenses for 2020 were cost of goods sold $1,461,200, administrative expenses $220,800, selling expenses $285,300, and interest expense $53,200. Skysong's tax rate is 30%. The corporation had 104,400 shares of common stock authorized and 73,520 shares issued and outstanding during 2020. Prepare a single-step income statement for the year ended December 31, 2020. (Round earnings per share to 2 decimal places, eg. 1.48.)
Bramble Corporation had net sales revenue of $5,840,000 and investment revenue of $224,000 for the year ended December 31, 2020. Other items pertaining to 2020 were as follows: Cost of goods sold Salaries and wages expense (sales) Advertising expense Entertainment expense Selling expenses $4,610,000 379,000 126,000 76,000 581,000 Salaries and wages expense (administrative) Rent expense Utilities expense Administrative expenses 293,000 106,000 45,000 444,000 Increase in value of company reputation Unrealized gain on value of patents Interest expense Income tax expense...
TB MC Qu. 2-113 Opunui Corporation has two manufacturing ... Opunul Corporation has two manufacturing departments-Molding and Finishing. The company used the following data at the beginning of the year to calculate predetermined overhead rates: Molding Estimated total machine-hours (MHS) 3,250 Estimated total fixed manufacturing overhead cost $ 27,000 Estimated variable manufacturing overhead cost per $ 1.00 Finishing 2,250 $4,700 $ 2.00 Total 5,500 $ 31,700 MO During the most recent month, the company started and completed two jobs-Job A...
i Data Table - X Selected income statement data for the current year Net Sales Revenue (all on credit) Cost of Goods Sold Interest Expense Net Income Best Digital 416,830 $ 210,000 Very Network 493,115 258,000 19,000 66,000 49,000 Print Done Clear All Data Table Selected balance sheet and market price data at the end of the current year Best Digital Very Network Current Assets Cash Short-term Investments Accounts Receivables, Net Merchandise Inventory 28,000 $ 39,000 39,000 66,000 19,000 191,000...
Knowledge Check 01 Alpha Company has sales revenue of $5,000,000, cost of goods sold of $2,000,000, and net income of $750,000. For the last three years, the company has 1,000,000 shares of common stock authorized and 200,000 shares of common stock issued and outstanding The company does not have any preferred stock. What is basic EPS for Alpha Company? EPS Required information Knowledge Check 01 How is accumulated other comprehensive income reported? Multiple Choice In the balance sheet as a...
Most questions answered within 3 hours.
-
1. Mini Case Study: Suppose that, in the future, most jobs will
be bid upon by...
asked 7 minutes ago -
After reading the Primary Care scenario in the Allied Health
Community, what could have been implemented...
asked 55 seconds ago -
Plantinga argues for the view that there is no solution to the
problem of moral evil....
asked 3 minutes ago -
For this Discussion, you examine a case study of
hearing-impaired children who developed their own language...
asked 8 minutes ago -
A solution is prepared by dissolving 11.60 g of a mixture of
sodium carbonate and sodium...
asked 5 minutes ago -
At the beginning of the year, Palermo Brothers, Inc., purchased
a new plastic water bottle making...
asked 6 minutes ago -
You could argue that even though Rockefeller clearly had
enormous market power (90% of the market)...
asked 7 minutes ago -
The moment of inertia of a disk rotating about its axis of
symmetry is Icm=1/2MR^2
The...
asked 14 minutes ago -
When using a relational database what makes data
formatting so important and critical to the functions...
asked 25 minutes ago -
The following temperatures show the (fictional) daily low
measured at O'Hare airport every January 1st from...
asked 45 minutes ago -
Your friend is interested in the characteristics of fast tree
planters. He searched through the records...
asked 52 minutes ago -
. 0.67 g of Ag is deposited electrolytically from
AgNO3 after a certain period of time...
asked 54 minutes ago