Rockland corporation earned net income of 433500 in 2012

Assignment Help Accounting Basics
Reference no: EM13588683

Rockland Corporation earned net income of $433,500 in 2012 and had 100,000 shares of common stock outstanding throughout the year. Also outstanding all year was $1,156,000 of 10% bonds,which are convertible into 23,120 shares of common. Rockland's tax rate is 40 percent. Compute Rockland's 2012 diluted earnings per share.

Reference no: EM13588683

Questions Cloud

Discuss how the analysis you did above of flatirons : the flatiron pub provides catering services to local businesses. the following information was available for the
What must be the value of the inductance in order that this : an am station is broadcasting a radio wave whose frequency is 1500 khz. the value of the capacitance in the lc-tuned
Nolan mills uses a standard cost system during may nolan : nolan mills uses a standard cost system. during may nolan manufactured 15000 pillowcases using 27400 yards of fabric
When viewed in a spherical mirror the image of a setting : when viewed in a spherical mirror the image of a setting sun is a virtual image. the image lies 17 cm behind the
Rockland corporation earned net income of 433500 in 2012 : rockland corporation earned net income of 433500 in 2012 and had 100000 shares of common stock outstanding throughout
The image behind a convex mirror radius of curvature 610 : question the image behind a convex mirror radius of curvature 61.0 cm is located 19.0 cm from the mirror. a where is
Blanchard company manufactures a single product that sells : blanchard company manufactures a single product that sells for 250 per unit and whose total variable costs are 200 per
Compare and contrast typical accounting information systems : compare and contrast typical accounting information systems in a small under 2 million sales 10 employees company
The 1400-turn coil in a dc motor has an area per turn of 20 : question the 1400-turn coil in a dc motor has an area per turn of 2.0 x 10-2 m2. the design for the motor specifies

Reviews

Write a Review

Accounting Basics Questions & Answers

  Adria lopez is considering the purchase of equipment for

adria lopez is considering the purchase of equipment for success systems that would allow the company to add a new

  The company pays for its insurance policies 12 months in

guitar universe inc. is a popular source of musical instruments for professional and amateur musicians the companys

  What were total sales in october

Retrieve the S&S In-Chapter Database (in Microsoft Access format) from the text's Web site (or create the tables in Table 4-5 in a relational DBMS product).

  Internal sources to generate funds for the project

If a company needed to assemble capital for a project which sources of money would you consider external sources? Which accounts could a company use as internal sources to generate funds for their project?

  Perpetual inventory system

Crystal Company's ledger on July 31, its fiscal year-end, includes the following selected accounts that have normal balances (Crystal uses the perpetual inventory system).

  Sedgwick company at december 31 has cash 20000 noncash

sedgwick company at december 31 has cash 20000 noncash assets 100000 liabilities 55000 and the following capital

  Argonaut enterprises had 500000 shares of common stock

argonaut enterprises had 500000 shares of common stock outstanding on january 1. on june 1 argonaut issued an

  Net operating income-operating assets

Last year, the House of Orange had sales of $826,650, net operating income of $81,000, and operating assets of $84,000 at the beginning of the year and $90,000 at the end of the year. What was the company's turnover rounded to the nearest tenth?

  Dividends on common stock during year 2 totaled 40 thousand

hartzog corporations most recent balance sheet and income statement appear belowstatement of financial position

  Basics of perpetual inventory system

You are at a company picnic and the company president starts a conversation with you. The president says, "Since we use the perpetual inventory system, there is no reason to take a physical count of our inventory." What is your response to the pre..

  The pacific manufacturing company operates a job

Compute the unadjusted cost of goods sold for the year. (Do not include any underapplied or overapplied overhead in your cost of goods sold figure.

  Indicate whether each of the following statements is true

In recent years, the amount of direct labor used in many industries has greatly increased and total overhead costs have significantly decreased.

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