User Account

All Pages

Share to common stockholders

Assignment Help Accounting Basics
Reference no: EM13158718

For 2008, Orchard Corporation reported after-tax net income of $5,800,000. During the year, the number of shares of stock outstanding remained constant at 10,000 of $100 par, 9 percent preferred stock and 400,000 shares of common stock. The company's total stockholders' equity was $23,000,000 at December 31, 2008. Orchard Corporation's common stock was selling at $52 per share at the end of its fiscal year. All dividends for the year had been paid, including $4.80 per share to common stockholders.

Required:

Compute the following:

a. Earnings per share
b. Book value per share of common stock
c. Price-earnings ratio
d. Dividend yield

Reference no: EM13158718

Questions Cloud

Do you think this pattern of trade is consistent : Do you think this pattern of trade is consistent with the principle of comparative advantage?
Binary search algorithm : Use the binary search algorithm to seach the list. (You might need to modify the algorithm given in this chapter to count the number of comparisons.)
Calculate the equilibrium concentrations of ch3cl : In a basic aqueous solution, chloromethane undergoes a substitution reaction in which Cl- is replaced by OH-: CH3Cl(aq)+OH-(aq) CH3OH(aq) + Cl-(aq)
Share to common stockholders : Orchard Corporation's common stock was selling at $52 per share at the end of its fiscal year. All dividends for the year had been paid, including $4.80 per share to common stockholders.
What are the main orders of placental mammals : What are the main orders of placental mammals? What are some representative species and distinguishing features of each of those orders?
What is the final temperature of the combined metal sheets : the system achieves thermoequilibrium at atmospheric pressure. Assume no heat loss to the surroundings. What is the final temperature of the combined metal sheets?
Development of unique byzantine culture : Compare and contrast the Eastern and Western halves of the Roman Empire and examine the development of the unique Byzantine culture. Discuss this in terms of social, political and economic structures.
Complete the design and implementation : Complete the design and implementation of the class customerType defined in the Programming Example Video Store. b. Design and implement the class customerListType to create and maintain a list of customers for the video store.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Payoff matrix and nash equilibrium for monsanto

Now assume that eh interaction is sequential where Holland Sweetener chooses to enter and if so they face the pricing problem in the second stage.  Should Holland Sweetener enter?

  Recognizing gain or loss in contract agreeing

On August 1st of the current year, Lenz Company writes a contract agreeing to sell Hindman Company 15,000 British pounds at a specific price of $0.69 per pound with delivery in 60 days. Throughout the 60-day period the forward rate varies as follo..

  Concept related to entry to record the impairment

Lynch Printing Company determines that a printing press used in its operations has suffered a permanent impairment in value because of technological changes. An entry to record the impairment should:

  Flexible budgets-2012 article review

Perform an Internet search using the term, flexible budgets, and locate an article (from 2012) from the results of your search.

  Difference between cost of capital and wacc

Describe the following terms and their relative importance to stock issues: IPO, underwriter, spread, prospectus, underpricing.

  Projects having normal cash flows

Ahyee Corp. is considering two equally risky, mutually exclusive projects, both of which projects have normal cash flows. Project A has an IRR of IRR of 11%, while Project B's IRR is 14%.

  What amount was smith entitled to claim for realty taxes

In 2009, Smith paid $6,000 to the tax collector of Big City for realty taxes on a two-family house owned by Smith's mother. Of this amount, $2,800 covered back taxes for 2008, and $3,200 covered 2009 taxes. Smith resides on the second floor of the..

  How much of the raw material should the company purchase

If the company plans to sell 270,000 units during the year, compute the number of units it would have to manufacture during the year.

  Amount of the acquired capital loss

What amount of the acquired capital loss of $80,000 can be used to offset Gate Corp. net capital gain for 2010?

  Expenses and deductible for agi

Sam, a single individual with a salary of $40,000, paid the following expenses during the year: Analyze the above expenses and determine which ones are deductible for AGI. Please support your position

  Computer this machines payback period

Elite Company is planning to add a new product to its line. To manufacture this product, the company needs to buy a new machine at a $300,000 cost with an expected 4 year life and a $20,000 salvage value.

  Budget to a cost estimation movie making system

What are some of the potential problems that may be encountered in changing from a budget to a cost estimation movie making system?

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