Calculate the weighted average number of common shares

Assignment Help Accounting Basics
Reference no: EM132824780

On January 1, 2020, Raptors Corporation had 300,000 common shares outstanding (no preferred issued). On March 1, the corporation issued 45,000 new shares to raise additional capital. On July 1, the corporation declared and issued a 2 for 1 stock split. On October 1, the corporation purchased on the open market 180,000 of its own shares at $ 35 each and retired them.

Instructions

Problem 1: Using the actual number of months, calculate the weighted average number of common shares outstanding to be used in calculating earnings per share for 2020.

Reference no: EM132824780

Questions Cloud

What is the amount of profit or loss for the year : There were no additional owner's investments, and R. Butler withdrew $40,000. What is the amount of profit or loss for the year
Discuss a current event involving violations of accounting : Discuss a current event (within the past two years) involving violations of accounting ethics at a public, private, non-profit, or governmental entity.
Impact of environment in business operations : Explain the benefits of business participation as a term of financing. Discuss the impact of environment in a business operations.
Siemens builds a strategy-oriented hr system : Identify examples of at least four strategically required organizational outcomes, and four required workforce competencies and behaviors for Siemens
Calculate the weighted average number of common shares : Using the actual number of months, calculate the weighted average number of common shares outstanding to be used in calculating earnings per share for 2020.
Calculate the premium or discount on the bonds : The bonds were issued to yield 4% annually. X uses the effective interest rate method of bond amortization:- Calculate the premium or discount on the bonds
What is morrit tie ratio : If the company does not maintain a TIE ratio of at least 6 to 1, then its bank will refuse to renew the loan, and bankruptcy will result.
Discussing issue and applying particular ethics : Discussing the issue and applying a particular ethics-related concept to a "real-world" problem. Demonstrate your understanding of a key concept or two
What are the journal entries upon issuance on february : What are the journal entries for the first interest payment to this investor on July 1,2020? What are the journal entries upon issuance on February 1, 2020?

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