User Account

All Pages

Calculate pharoah diluted earnings per share

Assignment Help Accounting Basics
Reference no: EM133089197

Question - Pharoah Corporation reported net income of $620,340 in 2020 and had 102,000 common shares outstanding throughout the year. Also outstanding all year were 9,500 of cumulative preferred shares, with each being convertible into 2 common shares. The preferred share payment annual dividend of $5 per share. Pharoah's tax rate is 30%. Calculate Pharoah's 2020 diluted earnings per share.

Reference no: EM133089197

Questions Cloud

Compute the basic earnings per share : The average Aa bond yield at the time of issue was 10%. Compute the basic earnings per share if after-tax earnings are $1,400,000
Is sugar bowl viable business : Is Sugar Bowl a viable business? Which forces have the most positive, or negative, impact on the business's profitability?
What is the direct materials quantity variance for january : Standard quantity allowed for actual production 16,000 kilograms. What is the direct materials quantity variance for January
Enhancing e-communication in workplace : Select a technology useful for enhancing e-communication in workplace. what can you do to better prepare yourself to be a more effective distance communicator
Calculate pharoah diluted earnings per share : The preferred share payment annual dividend of $5 per share. Pharoah's tax rate is 30%. Calculate Pharoah's 2020 diluted earnings per share
Calculate carla vista diluted earnings per share : Also outstanding all year was $890,000 of 10% bonds that are convertible into 35,000 common shares. Calculate Carla Vista diluted earnings per share
Risks associated with servant leadership : In your mind, are there any risks associated with servant leadership. How can we help organizations, not just individual leaders, become models of servanthood.
Do you believe Gallant actions are ethical : Gallant had predicted that the company's earnings would grow by 20% this year. Do you believe Gallant's actions are ethical? Why or why not
Compute depreciation expense using straight-line method : Compute depreciation expense for 2022 and 2023 using (1) the straight-line method, (2) the units-of-activity method, and (3) the double-declining-balance method

Reviews

Write a Review

Accounting Basics Questions & Answers

  First stage allocations of costs to activity cost pools

Complete the first stage allocations of costs to activity cost pools

  Estimate the number of units of kites that ocean city kite

Estimate the number of units of kites that Ocean City Kite Company must sell in FY 2019 to meet this goal. (Round your answer to a whole number)

  What is the ccpc manufacturing and processing deduction

This results in DIV B and DIV C being $788,000. What is the CCPC's manufacturing and processing deduction for the year (after applying the 13%)?

  What is the carrying value of the machine

Sampras Company purchased a machine for $30 000 on 1 January 2007 with an estimated life of 5 years and a residual value of zero. The straight-line method of depreciation is used. What is the carrying value of the machine on the 31 December 2008 i..

  Find book value of the investment that should be reported

Use this information to find the book value of the investment that should be reported at year end by All Good Company

  The converting department of stay-soft napkin company had

the converting department of stay-soft napkin company had 760 units in the work in process at the beginning of the

  What is the amount in owner''s equity on may

On May 1, 2013, Padilla Inc. reported owner's equity of $136,000. What is the amount in owner's equity on May 31, 2013

  What is the fixed overhead volume variance

Jewel Company calculates its predetermined rates using practical volume, which is 300,000 units. What is the fixed overhead volume variance

  What is the net asset value per share

DEC Mutual fund charges a 4% front-end load. Currently, the fund's shares have an offering price of $78.50. What is the net asset value per share

  What rights are being exercised or denied

Economic feasibility analysis: Perform an economic cost-benefit analysis of whether PFVC should launch Chicken Sensations.

  Montana timber company is in the process of of preparing

montana timber company is in the process of of preparing its budget for next year. cost of goods sold has been

  Prepare the balance sheet of d after the merger

Prepare the Balance sheet of D after the merger. On july 1 , year 5 they agree to a merger whereby D will issue 300,000 shares

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