Determine the basic earnings per share for crystal arts

Assignment Help Accounting Basics
Reference no: EM13143833

Crystal Arts, Inc., had earnings of $160,000 for 2010. The company had 20,000 shares of common stock outstanding during the year. In addition, the company issued 2,000 shares of $100 par value preferred stock on January 3, 2010. The preferred stock has a dividend of $7 per share. There were no transactions in either common or preferred stock during 2010.

Determine the basic earnings per share for Crystal Arts. Round answer to nearest whole cent.

Reference no: EM13143833

Questions Cloud

Demand for energy in the united states : The demand for energy in the United States is often described as persistently non-cyclical and not sensitive to prices effects. Describe the effect of each of the following on the demand or supply for gasoline.
Find value of the standard deviation of weekly earnings : Weekly income of more than $429.35, the value of the standard deviation of the weekly earnings of the bus drivers is 15. is it true?
How many joules of energy are necessary to heat the steam : sample of H20 with a mass of 46.0 grams has a temperature of -58.0 degrees Ceslius. How many joules of energy are necessary to heat the steam from 100.0 degrees celsius to 114.0 degrees
Demonstrate an understanding of the principles involved : Consider the meaning of the term "ecology." How do the ideas of energy and chemical cycles, community structure, biodiversity and succession fit together to form the basis of the way the natural world works?
Determine the basic earnings per share for crystal arts : Determine the basic earnings per share for Crystal Arts. Round answer to nearest whole cent.
Demonstrate an understanding of the principles involved : Consider the meaning of the term "ecology." How do the ideas of energy and chemical cycles, community structure, biodiversity and succession fit together to form the basis of the way the natural world works?
What is the minimum score needed to receive grade of a : The professor has informed us that 7.93 percent of her students received grades of A What is the minimum score needed to receive a grade of A?
What''s the mass of aluminum required : Hydrochloric acid reacts with aluminum to form aluminum chloride and gseous hydrogen. What's the mass of aluminum required to produce 1.0kg of aluminum chloride if there is excess acid?
Prepare a trading statement : Prepare a trading statement showing gross profit for the year assuming a periodic inventory system is used.

Reviews

Write a Review

 

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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