User Account

All Pages

Calculate the diluted earnings per share

Assignment Help Accounting Basics
Reference no: EM133044165

Question - Pharoah Corporation reported net income of $266,240 in 2020 and had 244,000 common shares outstanding throughout the year. Also outstanding all year were 36,000 (written) options to purchase common shares at $10 per share. The average market price for the common shares during the year was $15 per share. Calculate the diluted earnings per share.

Reference no: EM133044165

Questions Cloud

What is the Tiegs Corporation revenue effect of the price : The industry market size for makeup kits increased? 5% from Year 1 to Year 2. What is the Tiegs Corporation revenue effect of the price-?recovery
Calculate the percent change in operating income expected : Head-First Company had planned to sell 5,000 bicycle helmets at $75 each in the coming year. Calculate the percent change in operating income expected
How many contracts must it buy or sell : The multiplier on the futures equals $250. If MPM wishes to increase its systematic risk in its portfolio to .85. How many contracts must it buy or sell
What would be the amount related to the bonds : What would be the amount related to the bonds that Myriad would report in its income statement for the year ended December 31, 2021
Calculate the diluted earnings per share : The average market price for the common shares during the year was $15 per share. Calculate the diluted earnings per share
What is hopi expecting total fixed expenses to be next year : Hopi Corporation expects the following operating results for next year: Sales $400,000. What is Hopi expecting total fixed expenses to be next year
Prepare an income statement using the contribution margin : AJ incurred $17.650 of fixed and $14,100 of variable selling and administrative costs. Prepare an income statement using the contribution margin approach
Determine the break-even point in units and dollars : Vernon Corporation sells products for $30 each that have variable costs of $13 per unit. Determine the break-even point in units and dollars
What is the company contribution margin ratio : The company has no beginning or ending inventories. A total of 20,000 units were produced and sold last month. What is the company contribution margin ratio

Reviews

Write a Review

Accounting Basics Questions & Answers

  How is used in managerial decision-making

How is used in managerial decision-making? Describe the 3 main categories of ratios and provide a specific example of a ratio that is used in each category.

  Draw up a debtors collection schedule for june and july

Draw up a Debtors collection schedule for June and July 2020. Draw up a Debtor collection schedule for June and July.The remaining 5% is written off as bad debt

  Develop an annual cost for fuel by making a formula

Develop an annual cost for fuel by making a formula. Develop an annual cost formula for airplane maintenance

  How much is current portion of the finance lease receivable

The cost and fair value of the asset is P1,733,201. How much is the current portion of the finance lease receivable as of December 31, 2020

  Explain how the program would function when implemented

Demonstrate the need for your proposal to be adopted. Explain how the program would function when implemented. Estimate the first-year cost of adopting the proposal. Note only three subtotals (personnel, operating, and capital outlay) and remember ..

  Prepare a complete statement of cash flows

The loss on the cash sale of equipment was $5,000. Prepare a complete statement of cash flows; report its operating activities using the direct method

  Prepare the entries needed on the declaration

The Pallorina Corporation board of directors voted on Nov. 1, 2018, to declare a 45% share dividend, distributable on Dec. 31, to shareholders of record.

  Perform a payback period analysis Excel file

Wolf's operations include television production, live theater production, and interactive media. Perform a payback period analysis Excel file

  Chicotti company has 6000 units in beginning work in

1. chicotti company has 6000 units in beginning work in process 30 complete as to conversion costs 60000 units

  Bonds payable

Bonds payable

  What is meant by the term self-supporting growth rate

What is meant by the term "self-supporting growth rate"? How can that equation be used to calculate the self-supporting growth rate

  Make the elimination entries will include an increase

- For the period ending December 31, 2015, and as a result of inventory sales from Sub to Parent, the elimination entries will include an increase (debit)

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