Reference no: EM131881250
Problem
On January 1, 2018, Vaughn Corp. had 469,000 shares of common stock outstanding. During 2018, it had the following transactions that affected the Common Stock account.
February 1 Issued 115,000 shares
March 1 Issued a 10% stock dividend
May 1 Acquired 101,000 shares of treasury stock
June 1 Issued a 3-for-1 stock split
October 1 Reissued 62,000 shares of treasury stock
Determine the weighted-average number of shares outstanding as of December 31, 2018.
Assume that Vaughn Corp. earned net income of $3,354,000 during 2018. In addition, it had 101,000 shares of 8%, $100 par nonconvertible, noncumulative preferred stock outstanding for the entire year. Because of liquidity considerations, however, the company did not declare and pay a preferred dividend in 2018. Compute earnings per share for 2018, using the weighted-average number of shares determined in part (a).
Assume the same facts as in part (b), except that the preferred stock was cumulative. Compute earnings per share for 2018.
Assume the same facts as in part (b), except that net income included a loss from discontinued operations of $418,000 (net of tax). Compute earnings per share for 2018. (Round answer to 2 decimal places, e.g. $2.55.)
|
Define ups supply chain design
: Create a 5- to 7-slide PowerPoint® presentation about UPS, a global company.
|
|
How information technology might be used
: Use the five competitive forces model as described in this chapter to describe how information technology might be used to provide a winning position.
|
|
Explain what is meant by the term earnings management
: Explain what is meant by the term ‘earnings management'. Outline why earnings management is important to shareholders and investors
|
|
Industries runs small manufacturing operation
: Phillips Industries runs a small manufacturing operation. What is the present value of the net cash flows from the company’s operations?
|
|
Compute the weighted-average number of shares outstanding
: Compute the weighted-average number of shares outstanding as of December 31, 2018. Compute earnings per share for 2018.
|
|
Calculate the roi for each division
: Rashid, manager of Division A, is considering a proposal to invest 250 million rials for modern equipment. Calculate the 2004 ROI for each division
|
|
Find the thrust of the diffuser and nozzle
: Determine the mass flow rate of air through the engine (lbm/s) and Complete the table with flow areas, static pressures, static temperatures, and velocities
|
|
What are the advantages of cisco strategic alliances
: Cisco Systems has a network of component suppliers, distributors, and contract manufacturers that are linked through Cisco's extranet.
|
|
How does information technology help groupon compete
: Groupon, Inc. raised $700 million at its IPO in the fall of 2011, instantly providing a valuation of almost $13 billion for a company that was only 3 years old.
|