Calculate the earnings per share and dividend per share

Assignment Help Accounting Basics
Reference no: EM133143146

Question - You have been given the following information for HoneyBee Corp.

a. Net sales = $32,000,000;

b. Cost of goods sold (COGS) = $14,000,000;

c. SG&A (selling, general & administration) expenses = $6,000,000;

d. Addition to retained earnings = $2,800,000;

e. Dividends paid to preferred stockholders = $800,000;

f. Dividends paid to common stockholders = $1,200,000;

g. Depreciation expense = $3,000,000

h. Number of common shares outstanding = 1,000,000

i. Corporate tax rate = 20%

Required - Calculate the earnings per share (EPS), dividend per share (DPS) and the total interest expense for HoneyBee Corp.

Reference no: EM133143146

Questions Cloud

Describe moment in professional setting : Describe a moment in a professional setting in which one teacher questioned a decision made by another teacher or administrator while in a professional setting.
Discuss a situation in which you have had to communicate : Discuss a situation in which you have had to communicate with someone from another culture. It could be through work, personal travel, or maybe even a neighbor
When should hayden replace its copiers : Assume for simplicity that the inflation rate is zero. The real cost of capital is 7%. When should Hayden replace its copiers
Promote the general welfare by providing public services : Establish laws, maintain order and provide security, protect citizens from external threats, and promote the general welfare by providing public services
Calculate the earnings per share and dividend per share : SG&A (selling, general & administration) expenses = $6,000,000; Calculate the earnings per share (EPS), dividend per share (DPS)
Economics influence individual definition of sport : What is the definition of sport as defined by Pitts, Fielding, and Miller in the course text? How might economics influence an individual's definition of sport?
Write a letter to the operations manager : Following the guidelines write the letters in clear, straightforward, grammatically correct full sentences. Be polite and formal, semi-formal, or conversational
Prepare journal entries to record the transactions : The Town Debt Service Fund accumulates resources to pay its $3 million general obligation debt. Prepare journal entries to record the transactions
Reasons for conducting a job analysis : What are the reasons for conducting a job analysis?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Why a company would use straight-line depreciation for

cape horn company purchased a building on march 1 1988 at acost of 4186000. for financial reporting purposes the

  Prepare the adjusting entry to estimate bad debts

Prepare the adjusting entry to estimate bad debts assuming an aging analysis estimates that 8% of the outstanding accounts receivable will be uncollectible.

  Roofling company paid wages

Roofling Company paid wages of $319,600 this year. Of this amount, $193,900 was taxable for net FUTA and SUTA purposes. The state's contribution tax rate is 4.3% for Roofling Company.

  Which purchase journal maintained to record

Which Purchase journal maintained to record? When special journals are used, a General Journal is? used only to record sales returns and allowances.

  Critically discuss the relationship between gross margin

what is the relationship between gross margin and net income?gross margin - merchandise inventory at the end of the

  What is the annual percentage change

Five years later, the price of the standard desktop becomes $900. What is the annual percentage change in the price of the standard desktop

  What is the expected return of WT stock without leverage

Wolfrum Technology (WT) has no debt. Its assets will be worth $419 million one year. What is the expected return of WT stock without leverage

  Make a partial statement of cash flows for Somerset Company

Common Stock exchanged for outstanding Long Term Notes Payable of $150,000. Make a partial statement of cash flows for Somerset Company

  Should case hardware accept or reject the offer

Suppose, in 2018, a customer offered to pay $6.00 per kg for a special order of 70,000 kg, should Case Hardware accept or reject the offer

  Prepare Kameron Gibson bank reconciliation

Kameron IGibson's bank statement showed a balance of $774.15. Prepare Kameron Gibson's bank reconciliation

  Prepaid insurance and expenses the entire amount

the Cheboygan Company paid $4,000 of prepaid insurance and expensed the entire amount

  Sarah who has a terminal illness cashed in her life

sarah who has a terminal illness cashed in her life insurance policy cost of 24000 and proceeds of 50000 to go on an

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!

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