Reference no: EM133144187
Question - Elkhardt Corporation started the year ended November 30, 2021, with 185,000 common shares and no preferred shares issued. The following changes in share capital occurred during the year:
Feb. 28 Issued 43,080 common shares for $721,000.
Sept. 4 Issued 65,200 $1 cumulative preferred shares for $16.3 million.
Nov. 1 Issued 17,280 common shares in exchange for land. The shares were trading for $19 on this date and the fair value of the land was $312,420.
Nov. 30 Reported net income of $995,400.
Nov. 30 Declared the quarterly cash dividend to the preferred shareholders of record on December 14, payable on December 31.
Required -
1. Calculate the Income available to common shareholders?
2. Calculate the weighted average number of common shares for the year?
|
Make sound managerial decisions
: Is it possible to make sound managerial decisions without business research? What advantages does research offer to the decision maker over seat-of-the-pants de
|
|
Create the business case
: Create the business case. Determine the sources of funding. Consider self-funding, borrowing, loans, equity, venture capital, etc.
|
|
Long term disability leave
: Tell us about a time you or someone that you know have taken short term disability leave, long term disability leave, or maternity leave. How did you or they fe
|
|
How do tariffs affect the cost of an imported product
: How do tariffs affect the cost of an imported product? Which two parties (or stakeholders) would primarily bear the cost of the tariff theoretically?
|
|
Calculate the income available to common shareholders
: Elkhardt Corporation started the year ended November 30, 2021, with 185,000 common shares. Calculate the Income available to common shareholders
|
|
Business selling and purchasing marketplace
: Amazon business, which is a business to business selling and purchasing Marketplace. This service gives room for companies around the world to become Amazon sel
|
|
Efficiency of market economy
: How do firms contribute to the efficiency of the market economy in ways that networks of independent contractors do not?
|
|
Conduct an informal survey
: Conduct an informal survey of the most popular project management information systems and identify the the common key factors that contribute to the success of
|
|
Can you give me some examples of localization
: Can you give me some examples of localization? For example, In India the Big Mac Burger is one the company's signature product. With that being said they came u
|