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Ahnberg Corporation had 800,000 shares of common stock issued and outstanding at January 1. No common shares were issued during the year, but on January 1 Ahnberg issued 100,000 shares of convertible preferred stock. The preferred shares are convertible into 200,000 shares of common stock. During the year Ahnberg paid $60,000 cash dividends on the preferred stock.Net income was $1,500,000. What were Ahnberg's basic and diluted earnings per share for the year?
Calculate breakeven volume in total dollars if the sales mix is 2 units of X for every 3 units of Y.
Greener Grass Company (GGC) competes with its main rival, Better Lawns and Gardens (BLG), in the supply and installation of in-ground lawn watering systems in the wealthy western suburbs of a major east-coast city. Last year, GGC's price for the typi..
Write a 350- to 700-word summary explaining the differences between revenue expenditures and capital expenditures during a useful life and identifying any similarities. Briefly explain the entries of revenue expenditures and capital expenditur..
Calculate the operating income or loss at a sales volume of30,000 tennis balls. Calculate the number of tennis balls that must be sold to earn aprofit of $80,000.
Determine net income assuming 1000 haircuts are given each month.
on april 17 2013 the loadstone mining company purchased the rights to a coal mine. the purchase price plus additional
eddies bar and restaurant supplies expects its revenues and expenses for the first 5 months of the year to besales
Mayberry Gas Corp. sells $200,000 of bonds to private investors. The bonds are due in five years, have an 8% coupon rate, and interest is paid semi-annually. The bonds were sold to yield 6%. What proceeds does Mayberry receive from the investors?
dapper hat makers is in the business of designing and producing specialty hats. the material used for derbies costs
What is the total revenue variance?
Company policy requires that ending inventories for each month be 15% of next month's sales. At the beginning of April, the beginning inventory of mats met that policy.
The public was invited to subscribe 320 000 of ordinary shares of Stone Ltd on 10th January 2014. The shares were valued at $15 per share.
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