User Account

All Pages

Getemin inc had net income of 490400 for its fiscal year

Assignment Help Accounting Basics
Reference no: EM13484674

Getemin, Inc., had net income of $490,400 for its fiscal year ended October 31, 2010. During the year the company had outstanding 36,300 shares of $3.20, $45 par value preferred stock, and 113,000 shares of common stock.

Required:

Calculate the basic earnings per share of common stock for fiscal 2010.

Reference no: EM13484674

Questions Cloud

A family trust will convey property to you in 15 years if : a family trust will convey property to you in 15 years. if the property is expected to be worth 50000 when you receive
What is the security market line sml what information is : what is the security market line sml what information is developed in the capital market line analysis and then
From the waterlogged records of the company management was : on april 8 2010 a flood destroyed the warehouse of stuco distributing co. from the waterlogged records of the company
What is the difference between a historical beta an : what is the difference between a historical beta an adjusted beta and a fundamental beta? does it matter which beta is
Getemin inc had net income of 490400 for its fiscal year : getemin inc. had net income of 490400 for its fiscal year ended october 31 2010. during the year the company had
You are able to buy an investment for 1000 that gives you : you are able to buy an investment for 1000 that gives you the right to receive 438 in each of the next three years.
Slow roll drum co is evaluating the extension of credit to : slow roll drum co. is evaluating the extension of credit to a new group of customers. although these customers will
Wat is the difference between a diversifiable risk and a : what is the difference between a diversifiable risk and a nondiversifiable risk? should stock portfolio managers try
Which payment method should dr jackson accept if his : dr. bob jackson owns a parcel of land that a local farmer has offered to rent for the next 10 years. the farmer has

Reviews

Write a Review

Accounting Basics Questions & Answers

  Determine the minimum floor price that shorewood shoes

special order pricing - shorewood shoes company makes and sells a variety of leather shoes for children.nbspnbspfor its

  Interest on beginning capital balances

Jones, Silva, and Thompson form a partnership and agree to allocate income equally after recognition of 10% interest on beginning capital balances and monthly salary allowances of $2,000 to Jones and $1,500 to Thompson. Capital balances on January..

  Total costs assigned to the inventory

Charley Company's Assembly Department has materials cost at $3 per unit and conversion cost at $6 per unit. There are 9,000 units in ending work in process, all of which are 70% complete as to conversion costs. How much are total costs to be assig..

  Application of equivalent units in processing

Discuss the advantage and disadvantage of the application of equivalent units in processing

  Traditional method of using a plantwide overhead cost rate

What is activity-based costing, and why is this approach to cost assignments superior to the traditional method of using a plantwide overhead cost rate? Does activity-based costing necessarily result in lower product costs? Defend your answer.

  Why should interested parties thoroughly review an

1. why should interested parties thoroughly review an organizations financial statements?2. why are

  Define total expected dollar sales for next period

Greenspan Company management predicts $500,000 of variable costs, $800,000 of fixed costs, and a pretax income of $100,000 in the next period. Management also predicts that the contribution margin per unit will be $60.

  Example of revenue expenditure

Which of the following is an example of Revenue Expenditure?

  Prepare a production cost worksheet using fifo method

Direct materials are placed into production at the beginning of the process and conversion costs are incurred evenly throughout the process. Required: Prepare a production cost worksheet using the FIFO method.

  Asset disposals

Chester Lome drills well for residential and commercial lots. In April 2008. Chester decided to scrap his well drilling truck, purchased in 1984 for $25,000 and fully depreciated. Prepare the journal entry recording the scrapping of the truck.

  An outside supplier has offered to make and sell the part

fillip corporation makes 4000 units of part u13 each year. this part is used in one of the companys products. the

  What is the recognized gain

They sold the house in May for $795,000. Broker's commissions and other selling expenses amounted to $45,000. Since they both are age 68, they decide to rent an apartment. They purchase an annuity with the net proceeds from the sale. What is the r..

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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