Calculate the profit available to common shareholders

Assignment Help Accounting Basics
Reference no: EM132611654

Question - Concord Limited reported profit of $493,940 for its November 30, 2021, year end. Cash dividends of $65,200 on the common shares and $64,500 on the noncumulative preferred shares were declared and paid during the year. The following information is available regarding Concord's common shares:

Dec. 1, 2020 The opening number of common shares was 66,900.

Feb. 28, 2021 Sold 8,600 common shares for $154,800 cash.

May 31, 2021 Reacquired 4,300 common shares for $68,800 cash.

Nov. 1, 2021 Issued 12,900 common shares in exchange for land with a fair value of $300,000.

Calculate the profit available to common shareholders.

Calculate the weighted average number of common shares for the year.

Calculate earnings per share for the year.

Reference no: EM132611654

Questions Cloud

What is the firm rs : A company's estimated growth rate in dividends is 7%, its current stock price is $45, and its expected annual dividend is $3. Using the DCF approach, what is th
What specific customer service data might be used : What specific customer service data might be used to assess customer service in your assigned service component? For your selected service, what would be.
What are the expected dividends for year1 and year 2 : What are the expected dividends for Year1 and Year 2? What is the expected horizon value price at Year 2? What is P0 actual market price of stock?
Action on the IOM Report : An Institute of Medicine (IOM, 1999) report was a wake-up call for both the general public and healthcare providers regarding the problem
Calculate the profit available to common shareholders : Concord Limited reported profit of $493,940 for its November 30, 2021, year end. Calculate the profit available to common shareholders
Place on the board of directors : A corporation has 1,000,000 shares outstanding and 10 directors are up for election. If the stock features cumulative voting, approximately
What is the industry and role you would like to pursue : Identify your long-term goals. Where would you like to be one to five years from now? What is the industry and role you would like to pursue for your career?
Calculate the weighted average cost of capital : A company's estimated growth rate in dividends is 7%, its current stock price is $45, and its expected annual dividend is $3. Using the DCF approach
Implementation of the improvement program in healthcare : Discuss issues to be considered with the implementation of the improvement program in healthcare.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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