ZuoTi.Pro
Question
Calculate Earning's Per Share

To start the business, the owners estimate that the business will need approximately $400,000. They have decided to obtain fu
For the Month Ended 2/31/2018 Adjusted Trial Balance Debit Credit $212,300 Na 90 8 mo SR8 8 8 8 Sales Revenue Cost of Good So
business   finance   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

Earnings per share =Net income / Total o/s shares

=181500/1000 =181.50 per share

0 0
Add a comment
Know the answer?
Add Answer to:
Calculate Earning's Per Share To start the business, the owners estimate that the business will need...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • The Colonial Hotel asked you to help prepare income statement for 2019. The following infomration is...

    The Colonial Hotel asked you to help prepare income statement for 2019. The following infomration is provided to you as of December 31, 2019. Account Tile Account Balance Insurance General Manager's Salary (Admin & Gen.) Salaries and Wages - Rooms Salaries and Wages - Food Supplies - Food $5,000 30,000 80,000 60,000 20,000 Food Purchase Room Sales Interest Income Interest Expense Cost of Food Sold 55,000 380,000 1,000 21,000 Food Sales Wages (Admin & Gen.) Advertising Property Operation & Maintenance...

  • Below is the adjusted trial balance for ARO Corporation. Complete the following in good form: 1....

    Below is the adjusted trial balance for ARO Corporation. Complete the following in good form: 1. Income Statement 2. Statement of Retained Earnings 3. Balance Sheet 4. Closing journal entries. ARO Corporation Adjusted Trial Balance December 31 Cas $18,200 Accounts receivable 34,200 Office Supplies 2,100 Shipping Supplies 3,475 Prepaid Insurance 5,000 Shipping equipment 45,000 Accumulated depreciation 11,080 accounts payable 16,200 Wages payable 4,120 Unearned shipping fees 20,000 Common stock 10,000 Retained earnings 27,875 Dividends 15,000 Shipping fees earned 115,000 Rent...

  • I need help with this question please Please use the following adjusted Trial Balance for Great...

    I need help with this question please Please use the following adjusted Trial Balance for Great Adventures, Inc. to complete this assignment. Assume that Great Adventures, Inc. began its operations on January 1, 2019. There were no identifiable transactions in 2018. You are asked to prepare the following statements: Income Statement for the year ending December 31, 2019 Statement of Retained Earnings for the year ending December 31, 2019 Statement of Stockholders Equity for the year ending December 31, 2019...

  • Prepare Financial Statements for Dec 31, 2018 from transactions listed at bottom of the page, complete...

    Prepare Financial Statements for Dec 31, 2018 from transactions listed at bottom of the page, complete with any & all Notes to the Financial Statements. Turn in Journal Entries, Trial Balance, Adjusted Journal Entries, Adjusted Trial Balance, and Post-Closing Trial Balance separately. Madoff’s Marijuana Dispensary had the following beginning balances December 1, 2018. Cash $ 3,000,000 Rent Expense 22,000 Inventory 150,000 Prepaid Rent 2,000 Equipment 3,000,000 Accumulated Depreciation 50,000 Accounts Payable 25,000 Salaries & Wages Payable 10,000 Advertising Expense 2,500...

  • 1) Prepare Financial Statements for Dec 31, 2018 from transactions listed at bottom of the page,...

    1) Prepare Financial Statements for Dec 31, 2018 from transactions listed at bottom of the page, complete with any & all Notes to the Financial Statements. Turn in Journal Entries, Trial Balance, Adjusted Journal Entries, Adjusted Trial Balance, and Post-Closing Trial Balance separately. Helpful hints-Please double check your work, make sure it balances, make sure accounts are in the correct order Madoff’s Marijuana Dispensary had the following beginning balances December 1, 2018. Cash                                                                                         $ 3,000,000 Rent Expense                                                                            22,000...

  • The following items, listed in alphabetical order, are taken from the records of Grizzly Inc., a...

    The following items, listed in alphabetical order, are taken from the records of Grizzly Inc., a chain of outdoor recreational stores in the Northwest. Use the items to prepare two statements. First, prepare an income statement for the year ended December 31, 2016. The income statement should be in multiple-step form. Second, prepare a classified balance sheet at December 31, 2016. All amounts are in thousands of dollars. Accounts payable $    6,500 Income tax expense $  9,000 Accounts receivable 8,200 Insurance expense...

  • need statement of owners equity and if you have time, balance sheet. Following is a trial...

    need statement of owners equity and if you have time, balance sheet. Following is a trial balance for Songahm Taekwondo, a sole proprietorship as of July 31, 2019, the end of its first month of business. To do: Based on the trial balance, prepare an income statement, a statement of owners equity and a balance sheet as at July 31, 2019. 1 2 3 Account Title Debits Credits 4 Cash $27,400 5 Accounts receivable 500 6 Prepaid rent 2,500 7...

  • Please use the following adjusted Trial Balance for Great Adventures, Inc. to complete this assignment. Assume...

    Please use the following adjusted Trial Balance for Great Adventures, Inc. to complete this assignment. Assume that Great Adventures, Inc. began its operations on January 1, 2019. There were no identifiable transactions in 2018. You are asked to prepare the following statements utilizing the Excel file included with this assignment description. Note that the Excel file contains a separate tab for each statement: . . O Income Statement for the year ending December 31, 2019 Statement of Retained Earnings for...

  • 1. Based on the following cost summary, calculate prime costs, conversion costs: selling expense 2,000; factory...

    1. Based on the following cost summary, calculate prime costs, conversion costs: selling expense 2,000; factory depreciation expense 5,000; direct labor 3,000; indirect labor 5,000; direct materials used 2,500; admin expenses 1,500. a. 5,500 & 13,000 b. 10,000 & 15,000 c. 8,000 & 12,000 d. 9,000 & 14,000 2. Calculate the overhead costs for Owl Mouse Traps based on the following cost summary: advertising expense 1,500; factory supervisor salaries 2,500; sales salaries 1,500; direct materials used 1,000; 300 indirect materials...

  • On July 2, 2019, you decided to start up a new business – SmartReader Inc., an...

    On July 2, 2019, you decided to start up a new business – SmartReader Inc., an off-campus bookstore where students can buy textbooks and supplies at reduced prices. The following are summary transactions for the period July 2, 2019 to October 31, 2019, the company’s year end. You and several other shareholders invested $20,000 in return for shares in the company. A suitable location is found and rent is $1,000 per month. The lease agreement is for one year (i.e.,...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT