User Account

All Pages

What is the basic earnings per share

Assignment Help Accounting Basics
Reference no: EM132079297

Question - On December 31, 2010, the CPA Company had 100,000 shares of common stock issued and outstanding. On July 1, 2011, the company sold 20,000 additional shares for cash. CPA's net income for the year ended December 31, 2011 was $650,000. During 2011, CPA declared and paid $89,000 in cash dividends on its nonconvertible preferred stock. What is the 2011 basic earnings per share?

a. 5.91

b. 5.61

c. 5.10

Reference no: EM132079297

Questions Cloud

Define four main components for effective outlines : Refer to "Four Main Components for Effective Outlines," located on the Purdue OWL website for help in completing your assignment.
Calculate the depreciation for the first year : Sanders Construction Co. specializes in building replicas of historic houses. Calculate the depreciation for the first year using the straight-line method
What price should quality data charge for each disk pack : What price should Quality Data charge for each disk pack if management believes the DVDs sell for 20 percent more than the CDs
Describing the program you would want to create : Write a 700-1,050-word essay describing the program you would want to create. Address the following in your essay: Describe how you would do a needs assessment.
What is the basic earnings per share : During 2011, CPA declared and paid $89,000 in cash dividends on its nonconvertible preferred stock. What is the 2011 basic earnings per share
Performance indicators of the entire organization : How should HRM metrics be used to measure the success of the HR department's goals related to improving the performance indicators of the entire organization?
Explain the east asian approach in detail : Explain whether you believe the East Asian approach to interdependence and proxy control, self-regulation, collective control, and organizational culture.
Defining characteristic of pure monopoly : One defining characteristic of pure monopoly is that: A. The monopolist is a price taker B. The monopolist uses advertising C. The monopolist
Characteristics that differentiate private goods : 1. What are the two characteristics that differentiate private goods from public goods?

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.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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