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Calculate the eps for samsun

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Q1. Jerry wants to withdraw $2,000 per year for the next three years starting in one year. If the bank pays interest annually at 1 %, how much must he put in today so that he can make the planned withdrawals?

Q2. Samsun Company earned $400,000 last year. The company had 15,000 shares of common stock outstanding on January 1, sold 8,000 shares on May 1 and sold 4,000 shares on October 1. Calculate the EPS for Samsun.

Reference no: EM132547088

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