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Samuels, Inc. reported net income for 2011 is $105,000. During 2011 the company had 5,000 shares of $100 par, 5% preferred stock and 20,000 of $5 par common stock outstanding. Samuels' earnings per share for 2011 is A.$4.00 B.$5.25 C.$6.50 D.$5.00 Determine amount of dividends that preferred shareholders are entitled to: 5000*100*5% = 25,000 Step 2: Determine amount of earnings left over for common shareholders after the payment of preferred dividends: 105,000-25,000 = 80,000. Step 3: Use the EPS formula to determine EPS: EPS = Earnings available for common shareholders/common shares outstanding 80,000/20,000 = $4.00 Note: Another way of writing the EPS formula is as follows: (Net income - preferred dividends)/average outstanding shares.
Fleming Company has the following items: write-down of inventories, $240,000; loss on disposal of Sports Division, $370,000; and loss due to an expropriation, $226,000. Ignoring income taxes, what total amount should Fleming Company report as extr..
One idea that the consultant had was to reduce prices to bring in more customers. If average prices were reduced ten percent (10%), and the number of sales tickets (unit sales) increased to 7,500, would the company's income be increased? With prices ..
A magazine discovers 40% of the families, which subscribe, are ones where there are two wage earners. In the remaining 60% of the families there is only one wage earner. What is the expected number of wage earners pre subscribing family?
Consider how an organization must manage cash, receivables, and inventory. Which of the three variables is the most important to manage? Is one more susceptible to fraud and errors than the others? Explain your answer. How would a misstatement in ..
If Blake uses a money market hedge to hedge the payable, what is the cost of implementing the hedge?
A financial forecast per professional pronouncements presents to the best of the responsible party's knowledge and belief,
Assume that ABC is a constant growth company whose last paid dividend (D0) was RM2.00 and whose dividend is expected to grow indefinitely at a 6% rate. What is the stock's expected value 1 year from now?
Not all benefits have monetary value. Companies are in business to make money, therefore the benefits should generate revenues whether directly or indirectly. As CFO of a company, what technical analysis would you do to determine the cost/benefit ..
The company keeps no work-in-process inventory. What amount of sales revenue will be reported on the 20X4 budgeted income statement?
Prepare a short memo from giving your recommendations as to the proper reporting of the earthquake damage costs in the income statement for the year ending august 4, 1990.
Vases take an average of 15 minutes to manufacture, and the machine that produces the vases has an annual capacity to run 4,000 hours. What is the average wait time for production?
The real property tax year in Adams County is the calendar year. The real property tax becomes a person liability of the owner of real property on January 1 in the current real property tax year 2009.
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