Please help with this accounting problem! I am not sure I have
my calculations right!
Homework Answers
Earning per share = Net income after taxes/ Number of equity share
= $ 364,000/ $ 45,500
= $ 8 per share
Dividend per share = Dividend payable/ number of share
= $ 434,850/ $ 46,800
= $ 9.29 + $ 0.50
= $ 9.79 per share
Payout ratio = Dividend per share/ Earning per share
= $ 9.79/ $ 8
= 122.37 %
Return on common stockholders equity = Net income / Shareholders equity
= $ 364,000/39,000
= 9.33 %
Add Answer to:
Please help with this accounting problem! I am not sure I have my calculations right! Problem 11-02A The stockholders' e...
Problem 11-02A The stockholders' equity accounts of Indigo Corporation on January 1, 2022, were as follows...
Problem 11-02A The stockholders' equity accounts of Indigo Corporation on January 1, 2022, were as follows Preferred Stock (7%, $100 par noncumulative, 10,000 shares authorized) Common Stock ($4 stated value, 600,000 shares authorized) Paid-in Capital in Excess of Par Value-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings Treasury Stock (10,000 common shares) $600,000 2,000,000 30,000 960,000 1,376,000 80,000 During 2022, the corporation had the following transactions and events pertaining to its stockholders' equity. Feb. 1 Issued...
Problem 11-02A The stockholders' equity accounts of Monty Corp. on January 1, 2022, were as follows....
Problem 11-02A The stockholders' equity accounts of Monty Corp. on January 1, 2022, were as follows. Preferred Stock (7%, $100 par noncumulative, 11,500 shares authorized) Common Stock ($4 stated value, 690,000 shares authorized) Paid-in Capital in Excess of Par Value-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings Treasury Stock (11,500 common shares) $690,000 2,300,000 34,500 1,104,000 1,582,400 92,000 During 2022, the corporation had the following transactions and events pertaining to its stockholders' equity. Feb. 1 Issued...
Problem 11-02A (Part Level Submission) The stockholders' equity accounts of Blue Spruce Corp. on January 1,...
Problem 11-02A (Part Level Submission) The stockholders' equity accounts of Blue Spruce Corp. on January 1, 2022, were as follows. Preferred Stock (7%, $100 par noncumulative, 13,000 shares authorized) Common Stock ($4 stated value, 780,000 shares authorized) Paid-in Capital in Excess of Par Value-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings Treasury Stock (13,000 common shares) $780,000 2,600,000 39,000 1,248,000 1,788,800 104,000 During 2022, the corporation had the following transactions and events pertaining to its stockholders'...
Problem 11-02A (Part Level Submission) The stockholders' equity accounts of Blue Spruce Corp. on January 1,...
Problem 11-02A (Part Level Submission) The stockholders' equity accounts of Blue Spruce Corp. on January 1, 2022, were as follows. Preferred Stock (7%, $100 par noncumulative, 13,000 shares authorized) Common Stock ($4 stated value, 780,000 shares authorized) Paid-in Capital in Excess of Par Value-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings Treasury Stock (13,000 common shares) $780,000 2,600,000 39,000 1,248,000 1,788,800 104,000 During 2022, the corporation had the following transactions and events pertaining to its stockholders'...
dont know if that bottom part is right those are just the accounts i got TIUDICII...
dont know if that bottom part is right those are just the
accounts i got
TIUDICII ILUZA Iral LLEVCI SUDITISSIUM The stockholders' equity accounts of Concord Corporation on January 1, 2022, were as follows. Preferred Stock (7%, $100 par noncumulative, 7,000 shares authorized) Common Stock ($4 stated value, 420,000 shares authorized) Paid-in Capital in Excess of Par Value-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings Treasury Stock (7,000 common shares) $420,000 1,400,000 21,000 672,000 963,200 56,000...
Problem 11-2A The stockholders' equity accounts of Concord Corporation on January 1, 2017, were as follows....
Problem 11-2A The stockholders' equity accounts of Concord Corporation on January 1, 2017, were as follows. Preferred Stock (6%, $100 par noncumulative, 4,750 shares authorized) $285,000 Common Stock ($4 stated value, 311,000 shares authorized) 1,036,666 Paid-in Capital in Excess of Par Value-Preferred Stock 14,250 Pald-in Capital in Excess of Stated Value-Common Stock 497,600 Retained Earnings 705,000 Treasury Stock (4,750 common shares) 38,000 During 2017, the corporation had the following transactions and events pertaining to its stockholders' equity. Feb. 1 Mar....
ok, need a lot of help please The stockholders' equity accounts of Novak Corp. on January...
ok, need a lot of help please
The stockholders' equity accounts of Novak Corp. on January 1, 2022, were as follows. Preferred Stock (7%, $100 par noncumulative, 12,500 shares authorized) Common Stock $4 stated value, 750,000 shares authorized) Paid-in Capital in Excess of Par Value-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings Treasury Stock (12,500 common shares) $750,000 2,500,000 37,500 1,200,000 1,720,000 100,000 During 2022, the corporation had the following transactions and events pertaining to its...
please help with last part (earnings per share and return on common stockholders' equity) The stockholders'...
please help with last part (earnings per share and return on
common stockholders' equity)
The stockholders' equity accounts of Whispering Winds Corp.on January 1, 2022 were as follows. Preferred Stock 7% $100 par noncumulative, 6000 shares authorired) Common Stock (54 stated value, 360,000 shares authorized) Paid in Capital in Excess of Par Value-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings Treasury Stock (6,000 common shares) $360,000 1.200.000 18,000 576.000 825,600 48.000 During 2022, the corporation had...
The stockholders' equity accounts of Swifty Corporation on January 1, 2017, were as follows. Preferred Stock...
The stockholders' equity accounts of Swifty Corporation on January 1, 2017, were as follows. Preferred Stock (7%, $100 par noncumulative, 11,000 shares authorized) Common Stock ($4 stated value, 660,000 shares authorized) Paid-in Capital in Excess of Par Value-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings Treasury Stock (11,000 common shares) $660,000 2,200,000 33,000 1,056,000 1,513,600 88,000 During 2017, the corporation had the following transactions and events pertaining to its stockholders' equity. Feb. 1 Issued 11,000 shares...
please help to make sure box's below are the correct numbers. I am having a hard...
please help to make sure box's below are the correct numbers. I
am having a hard time and need help. Tx & I will Rate! :)
Entries for Selected Corporate Transactions
Morrow Enterprises Inc. manufactures bathroom fixtures. Morrow
Enterprises’ stockholders’ equity accounts, with balances on
January 1, 20Y6, are as follows:
Common Stock, $10 stated value (900,000 shares authorized,
600,000 shares issued)
$6,000,000
Paid-In Capital in Excess of Stated Value-Common Stock
1,150,000
Retained Earnings
13,620,000
Treasury Stock (60,000 shares, at...
Problem 11-02A The stockholders' equity accounts of Indigo Corporation on January 1, 2022, were as follows Preferred Stock (7%, $100 par noncumulative, 10,000 shares authorized) Common Stock ($4 stated value, 600,000 shares authorized) Paid-in Capital in Excess of Par Value-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings Treasury Stock (10,000 common shares) $600,000 2,000,000 30,000 960,000 1,376,000 80,000 During 2022, the corporation had the following transactions and events pertaining to its stockholders' equity. Feb. 1 Issued...
Problem 11-02A The stockholders' equity accounts of Monty Corp. on January 1, 2022, were as follows. Preferred Stock (7%, $100 par noncumulative, 11,500 shares authorized) Common Stock ($4 stated value, 690,000 shares authorized) Paid-in Capital in Excess of Par Value-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings Treasury Stock (11,500 common shares) $690,000 2,300,000 34,500 1,104,000 1,582,400 92,000 During 2022, the corporation had the following transactions and events pertaining to its stockholders' equity. Feb. 1 Issued...
Problem 11-02A (Part Level Submission) The stockholders' equity accounts of Blue Spruce Corp. on January 1, 2022, were as follows. Preferred Stock (7%, $100 par noncumulative, 13,000 shares authorized) Common Stock ($4 stated value, 780,000 shares authorized) Paid-in Capital in Excess of Par Value-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings Treasury Stock (13,000 common shares) $780,000 2,600,000 39,000 1,248,000 1,788,800 104,000 During 2022, the corporation had the following transactions and events pertaining to its stockholders'...
Problem 11-02A (Part Level Submission) The stockholders' equity accounts of Blue Spruce Corp. on January 1, 2022, were as follows. Preferred Stock (7%, $100 par noncumulative, 13,000 shares authorized) Common Stock ($4 stated value, 780,000 shares authorized) Paid-in Capital in Excess of Par Value-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings Treasury Stock (13,000 common shares) $780,000 2,600,000 39,000 1,248,000 1,788,800 104,000 During 2022, the corporation had the following transactions and events pertaining to its stockholders'...
dont know if that bottom part is right those are just the
accounts i got
TIUDICII ILUZA Iral LLEVCI SUDITISSIUM The stockholders' equity accounts of Concord Corporation on January 1, 2022, were as follows. Preferred Stock (7%, $100 par noncumulative, 7,000 shares authorized) Common Stock ($4 stated value, 420,000 shares authorized) Paid-in Capital in Excess of Par Value-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings Treasury Stock (7,000 common shares) $420,000 1,400,000 21,000 672,000 963,200 56,000...
Problem 11-2A The stockholders' equity accounts of Concord Corporation on January 1, 2017, were as follows. Preferred Stock (6%, $100 par noncumulative, 4,750 shares authorized) $285,000 Common Stock ($4 stated value, 311,000 shares authorized) 1,036,666 Paid-in Capital in Excess of Par Value-Preferred Stock 14,250 Pald-in Capital in Excess of Stated Value-Common Stock 497,600 Retained Earnings 705,000 Treasury Stock (4,750 common shares) 38,000 During 2017, the corporation had the following transactions and events pertaining to its stockholders' equity. Feb. 1 Mar....
ok, need a lot of help please
The stockholders' equity accounts of Novak Corp. on January 1, 2022, were as follows. Preferred Stock (7%, $100 par noncumulative, 12,500 shares authorized) Common Stock $4 stated value, 750,000 shares authorized) Paid-in Capital in Excess of Par Value-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings Treasury Stock (12,500 common shares) $750,000 2,500,000 37,500 1,200,000 1,720,000 100,000 During 2022, the corporation had the following transactions and events pertaining to its...
please help with last part (earnings per share and return on
common stockholders' equity)
The stockholders' equity accounts of Whispering Winds Corp.on January 1, 2022 were as follows. Preferred Stock 7% $100 par noncumulative, 6000 shares authorired) Common Stock (54 stated value, 360,000 shares authorized) Paid in Capital in Excess of Par Value-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings Treasury Stock (6,000 common shares) $360,000 1.200.000 18,000 576.000 825,600 48.000 During 2022, the corporation had...
The stockholders' equity accounts of Swifty Corporation on January 1, 2017, were as follows. Preferred Stock (7%, $100 par noncumulative, 11,000 shares authorized) Common Stock ($4 stated value, 660,000 shares authorized) Paid-in Capital in Excess of Par Value-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings Treasury Stock (11,000 common shares) $660,000 2,200,000 33,000 1,056,000 1,513,600 88,000 During 2017, the corporation had the following transactions and events pertaining to its stockholders' equity. Feb. 1 Issued 11,000 shares...
please help to make sure box's below are the correct numbers. I
am having a hard time and need help. Tx & I will Rate! :)
Entries for Selected Corporate Transactions
Morrow Enterprises Inc. manufactures bathroom fixtures. Morrow
Enterprises’ stockholders’ equity accounts, with balances on
January 1, 20Y6, are as follows:
Common Stock, $10 stated value (900,000 shares authorized,
600,000 shares issued)
$6,000,000
Paid-In Capital in Excess of Stated Value-Common Stock
1,150,000
Retained Earnings
13,620,000
Treasury Stock (60,000 shares, at...
Most questions answered within 3 hours.
-
Intrapreneurship is defined as the
development of an enterprise culture with an existing (Nandan,
2009). An...
asked 6 minutes ago -
QUESTION 1 Tamiflu is a drug used to treat influenza. A study
found that Tamiflu reduced...
asked 10 minutes ago -
Which of the following would be less likely to be used to
allocate factory overhead when...
asked 16 minutes ago -
Transverse pulses travel with a speed of 195 m/s along a taut
copper wire whose diameter...
asked 14 minutes ago -
Sampling for Engineers Homework question 11.51
Suppose that Y1;Y2;Y3;Y4 denote a random sample from a
Poisson(θ)...
asked 18 minutes ago -
Which of the following is cleaved by regulated intramembrane
proteolysis (RIP)? Select any/all answers that apply....
asked 17 minutes ago -
Random characters You decide to create a program characters.py
that fills a two-dimensional list with random...
asked 30 minutes ago -
What are the major sources of error in your determination of the
molar mass? Select all...
asked 33 minutes ago -
A. Suppose your manager indicates that for a normally
distributed data set you are analyzing, your...
asked 55 minutes ago -
During the month of August, the average temperature of a lake
next to a local college...
asked 36 minutes ago -
Which of these four researchers is most likely to have made Type
1 error
Kim who...
asked 50 minutes ago -
In a performance test, each of two cars takes 8.9 s to
accelerate from rest to...
asked 51 minutes ago