What approximate net income

Assignment Help Accounting Basics
Reference no: EM133187825

Question - Ace Systems Inc. reported the following in its annual income statement: basic earnings per share of $2.13 and diluted earnings per share of $2.11. There were 4,042 million weighted average basic shares were outstanding during the year. What approximate net income, did the company report for the year?

A. $1,916 million

B. $8,529 million

C. $8,609 million

D. $1,898 million

E. None of these are correct.

Reference no: EM133187825

Questions Cloud

Case study-alternative assignment : 1. What factors in the external environment (PESTELE), led Uber to believe China was a good country to expand their operations? Give at least two examples.
Management commission fee and quotes : You are at a possible listing appointment with a new landlord when he questions your management commission fee and quotes a substantially less rate from your co
Business decision-making process : The task is to undertake a simulation (role-play) of the business decision-making process. This simulation is to be completed and submitted individually.
How maximum flow method works in real world scenarios : We know that most problems which have resources to be allocated from many sources to multiple destinations can be solved using the maximum flow method.
What approximate net income : There were 4,042 million weighted average basic shares were outstanding during the year. What approximate net income, did the company report for the year
What is the PV of the firm FCFs : The firm's asset cost of capital (ra) is 12%, and its cost of debt is 5%. The corporate tax rate is 50%. What is the PV of the firm's FCFs
Define transfer pricing and elaborate on FOUR of its purpose : Define transfer pricing and elaborate on FOUR (4) of its purposes. Highlight ONE (1) advantage and ONE (1) disadvantage of market-based transfer pricing method
Summarize the different strategic alternatives : 1. Summarize the different strategic alternatives that Quintiles should consider and their pros and cons.
What are TWO limitations of standard costing : Brier Company, manufacturer of car seat covers, provided the following standard costs for its product: What are TWO limitations of standard costing

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