Reference no: EM132993146
Question - Dawson Company had 240,000 shares outstanding from January through May 2017. They repurchased 40,000 on June 1 and issued 10,000 shares on September 1.
REQUIRED -
-Calculate the weighted average number of shares outstanding?
-Calculate the basic earnings per share assuming Dawson earned Net income of $260,000 and no preferred shares outstanding.
-Calculate Earnings per share and show Income Statement presentation of EPS assuming the following:
Income from continuing operations of $285,000
Loss from discontinued operations of $55,000 (net of tax)
Net Income of $230,000
Preferred Shares, $3 cumulative, 55,000 shares authorized, 20,000 issued and outstanding
Preferred dividends in arrears one year
|
Solve the materials price for hanson inc
: Solve the materials price and quantity variances. Last month 1,800 kgs of material were purchased and 1,700 kgs used to make 1,000 Jerfs.
|
|
Calculate the amount of cost
: Calculate the amount of cost that should be assigned to each of the assets and prepare a general journal entry to record the purchase
|
|
Solve the materials price and quantity variances
: Think of some examples of perfection (ideal) standards and practical standards (can be from an accounting or non-accounting area). Which do you prefer?
|
|
Develop a new system or improve an existing system
: Develop a new system or improve an existing system utilizing Reliability engineering principles and methods - complex issue and resolution
|
|
Calculate the basic earnings per share
: Calculate the basic earnings per share assuming Dawson earned Net income of $260,000 and no preferred shares outstanding
|
|
Part of goods with an intention of separating
: A delivery of part of goods with an intention of separating it from the whole, does not operate as a delivery of the remainder." Comment.
|
|
Prepare the journal entry to record the first two payments
: On December 31, 2017, Galaxy Ltd purchased two new trucks for $260,000. Prepare the journal entry to record the first two payments
|
|
What two types of departmentalization are illustrated
: Sweet Treat, a company that makes desserts and snack foods, What two types of departmentalization are illustrated in this example?
|
|
Calculate the total materials variance
: During January, the company purchased 50,500 units of direct materials at a cost of $5.80 per unit. Calculate the total materials variance
|