The stockholders equity section

Assignment Help Financial Management
Reference no: EM131954188

The stockholders’ equity section of Bonita Corporation appears below as of December 31, 2017.

8% preferred stock, $50 par value, authorized 100,622 shares, outstanding 90,622 shares       $4,531,100

Common stock, $1.00 par, authorized and issued 10,566,600 shares                                          10,566,600

Additional paid-in capital                                                                                                               20,928,700

Retained earnings                                                                                          $134,911,000

Net income                                                                                                         38,280,000         173,191,000

                                                                                                                                                     $209,217,400

Net income for 2017 reflects a total effective tax rate of 34%. Included in the net income figure is a loss of $12,928,700 (before tax) as a result of a non-recurring major casualty. Preferred stock dividends of $362,488 were declared and paid in 2017. Dividends of $935,800 were declared and paid to common stockholders in 2017

Compute earnings per share data as it should appear on the income statement of Bonita Corporation.

Reference no: EM131954188

Questions Cloud

Analyze and react to an economically related news article : Purpose: You will need to locate, read, analyze, summarize, and react to an economically related news article.
Normal and standard deviation : Sample with n=49 has mean x¯ = 122. Distribution is Normal and standard deviation s = 30.
Regression analysis on a bivariate set of data : You run a regression analysis on a bivariate set of data (n=50). You obtain the regression equation
A policy for the americans with disabilities act : How did participating in discussions help your understanding of the subject matter? Is anything still unclear that could be clarified?
The stockholders equity section : The stockholders’ equity section of Bonita Corporation. Compute earnings per share data as it should appear on income statement of Bonita Corporation.
Develop an environmental analysis : Develop an environmental analysis that includes competitive, economic, political, legal, technological, and sociocultural forces.
Find the area under the standard normal curves : 1.) Find the area under the standard normal curves z=1.25
Examine a highly competitive industry using five forces : Examine a highly competitive industry (airlines, video games, fast food, soft drinks, your own field etc.) using Five Forces. Is this an attractive industry?
Perform a total abdominal hysterectomy : She was cut with a piece of glass during a physical altercation with her husband. The physician performs a detailed history and examination.

Reviews

Write a Review

Financial Management Questions & Answers

  Foreign company acquisition

Acquisition by a foreign company and the effects of that decision and the results of foreign exchange in Euro and the exchange rate differences.

  Financial management for profit and non profit organizations

In this essay, we are going to discuss the issues of financial management in a non-profit organisation.

  Method for estimating a venture''s value

Evaluate venture's present value, cash and surplus cash and basic venture capital.

  Replacement analysis

This document show the Replacement Analysis of modling machine. Is replacement give profit to company or not?

  Business finance task - capital budgeting

Your company is considering using the payback period for capital-budgeting. Discuss the advantages and disadvantages of this technique.

  Analysis of the investment

In this project, you will focus on one of these: the additional cost resulting from the purchase of an apple press (a piece of equipment required to manufacture apple juice).

  Conduct a what-if analysis

Review the readings and media for this unit, including the Anthony's Orchard case study media. Familiarise yourself with the Anthony's Orchard company and its current situation.

  Determine operational expenditures

Organisations' behaviour is guided by financial data. In the short term, such data will help determine operational expenditures; in the long term, historical data may help generate forecasts aimed at determining strategic plans. In both instances.

  Personal financial management

How much will you have left over each half year if you adopt the latter course of action?

  Sources of finance for expansion into new foreign markets

A quoted company is considering several long-term sources of finance for expansion into new foreign markets.

  Long term financial planning

This assignment is designed for analyze Long term financial planning begins with the sales forecast and the key input in the long term fincial planning.

  Explain the role of fincial manager

This assignment explain the role of fincial manager, function of manger. And what are the motives of financial manager.

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