Compute rodeswell earnings per share

Assignment Help Business Management
Reference no: EM131177049

The capital structure of Rodeswell, Inc., at December 31, 2010, included 30,000 shares of $2.00 preferred stock and 40,000 shares of common stock. Common stock outstanding during 2011 totaled 40,000 shares. Income from continuing operations during 2011 was $120,000. The company discontinued a segment of the business at a gain of $25,000, and also had an extraordinary gain of $13,000. The Rodeswell board of directors restricts $98,000 of retained earnings for contingencies. Retained earnings at December 31, 2010, was $98,000 and the company declared preferred dividends of $60,000 during 2011.

Requirements

R1. Compute Rodeswell's earnings per share for 2011. Start with income from continuing operations. All income and loss amounts are net of income tax.

R2. Show two ways of reporting Rodeswell's retained earnings restriction.

Reference no: EM131177049

Questions Cloud

The three most pressing ethical concerns in your field : Think about the business, economical, technological, environmental, biomedical, cultural, or any other major ethical considerations.
How might you go about convincing top management : How might you go about convincing top management that you should be heavily involved in the company's strategic planning process? Stress the potential for bottom-line improvement brought about with the help of HRM
Draw a graph that models the swimmer''s depth : A swimmer floats on the surface of a completely filled 10-foot deep pool for 5 seconds. He then takes 3 seconds to swim to the bottom of the pool and 2 seconds to return to the surface, where he then floats for another 5 seconds. After that, his w..
Provide substantive conclusion and recommendations : Conduct a comparative analysis of the firms, Analyze political, social, ethical and legal differences and their impact on management decision making and Provide substantive conclusion and recommendations.
Compute rodeswell earnings per share : R1. Compute Rodeswell's earnings per share for 2011. Start with income from continuing operations. All income and loss amounts are net of income tax. R2. Show two ways of reporting Rodeswell's retained earnings restriction.
Determine the frame s dimensions : A rectangular picture frame is to enclose an area of 72 in2. If the cost of the top and bottom is twice the cost of the sides, determine the frame s dimensions if the total cost is to be minimized. Justify your conclusion!
Does it matter that they did not enroll in cobra : Since they will be without insurance when the new insurance goes into effect, will they be exempt from any preexisting conditions? Will HIPAA consider their Temporary Insurance to be credible coverage?
What should the price be to maximize the publisher : The price of a magazine, in cents, is given by the equation p = 10(147 - 0.02x)1/2 where x is the number of magazines demanded. What should the price be to maximize the publisher s total revenue? Justify your conclusion!
Marginal propensity to consume increases : As the marginal propensity to consume increases, the multiplier: As the marginal propensity to save increases, the multiplier: If the marginal propensity to consume is 0.70, then the multiplier is (assuming there are no taxes or imports): Given th..

Reviews

Write a Review

Business Management Questions & Answers

  Explain domain name is being held hostage for a large sum

You are the owner of a registered trademark, and you just discovered that the domain name is being held hostage for a large sum of money

  Does monsanto maintain an ethical culture

Compare the benefits of growing GM seeds for crops with the potential negative consequences of using them?

  Teen-aged driving analysis

Finding out how an analysis will be performed using quality tools to reduce the alarming statistics in teen driving

  Identify five small service-producing businesses

Identify five small service-producing businesses that you patronize frequently? What small goods-producing firms do you do business with regularly?

  Team motivation - emotional intelligence

Determine your current or former manager on each of the five components of emotional intelligence and can you apply the principles of emotional intelligence to your current situation?

  Functions of marketing management

Assume you are the Marketing Manager for Target or another brand. How would you apply the four functions of the marketing management process in your role? In your answer, identify how a marketing manager might realize when it is time to focus on o..

  Explain dollar on the foreign exchange markets

If the Yuan is permitted to float freely against the U.S. dollar on the foreign exchange markets as well as appreciates in value how might this distress the fortunes of those enterprises?

  Explain how it is processed at each step

The Accounting Cycle: 10 Steps - provide an explanation of each of the ten steps, address the information needed and explain how it is processed at each step, provide information regarding the consequences of inaccuracies or the affect of leaving ..

  Compliance-based approaches to organizational ethics

Discuss the differences between integrity-based and compliance-based approaches to organizational ethics

  What making news

What making news?

  Theory x and theory y management stylesyou have just been

theory x and theory y management stylesyou have just been promoted to supervisor of a large department in your company.

  Who knew that delilah was acting on behalf of someone

who knew that Delilah was acting on behalf of someone but not whom; also Giorgio, who did not know that Delilah was acting on anyone's behalf. For which contracts, if any, are you liable.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd