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Brad Dolan, a stockholder of Rhode Corporation, has asked you, the firm's accountant, to explain why his stock warrants were not included in diluted EPS. In order to explain this situation, you must briefly explain what dilutive securities are, why they are included in the EPS calculation, and why some securities are ant dilutive and thus not included in this calculation. Rhode Corporation earned $228,000 during the period, when it had an average of 100,000 shares of common stock outstanding. The common stock sold at an average market price of $25 per share during the period. Also outstanding were 30,000 warrants that could be exercised to purchase one share of common stock at $30 per warrant.
A company had net income of $450,000 in 2009 and $620,000 in 2010. The company had average total assets of $2,500,000 in 2009 and $3,000,000 in 2010. Calculate the return on total assets for 2009 and 2010. Comment on the results.
Premier Bank and Trust is giving Alou Company a loan. Before doing so, management decides that added discussions with Alou's accountant may be desirable.
If taxes are ignored and the required rate of return is 9%, what is the project's net present value? Based on this analysis, should the company proceed with the project?
What is the percentage change in average PCE anticipated under JIT? Define the terms cycle time and processing (manufacturing) time. How can processing time be broken down further?
Which of the following statements is true about lease accounting methods?
Determine the October 31 balance for each of the accounts above, and prepare a trial balance at October 31,2010.
ABC Company enters into a lease on a tract of timberland. The lease is for 10 years and allows ABC to harvest timber from the tract for that period of time. A clause in the lease allows the lessor to require ABC to reforest the land prior to the end ..
Using the data from the comparative balance sheet of Rodenbeck Company, illustrate vertical analysis.
Star mart company inc issued $100000 of bonds payable on June 30 2010. The bonds are to be redeemed in five years while paying interest semiannually at the contract rate of 10% each June 30th and December 31st.
Tom and Judy Bell, who file jointly, collected $6,000 of Social Security benefits, $18,000 in fully taxable pension payments and $10,000 of tax-exempt interest. How much of their Social Security is included in gross income using 2013 tax tables? How ..
Bank employees use a system known as the “maker-checker” system. An employee will record an entry in the appropriate journal, and then a supervisor will verify and approve the entry.
Tsunami Sushi purchases $130,000 of 5-year, 6% bonds from Deep Sea Explorers, on January 1. Management intends to hold the debt securities to maturity. For bonds of similar risk and maturity, the market rate is 7%. Record the necessary entries regar..
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