User Account

All Pages

Compute basic eps and the diluted eps for peak performance

Assignment Help Accounting Basics
Reference no: EM131919250

Question - Peak Performance Inc. reported net income of $250,000 for the year ended December 31, 2009. Peak Performance Inc. had 40,000 shares of common stock outstanding throughout 2009. On July 1, 2008, Peak issued 5,000 stock options. Each stock option allows the holder to buy a share of stock for $10 and can be exercised after July 1, 2009. Various prices for the stock were as follows:

July 1, 2008 $ 9.00

January 1, 2009 9.50

December 31, 2009 12.50

Average price for 2009 10.87

Peak Performance has no preferred stock and a 30 percent income tax rate.

Required: Compute the basic EPS and the diluted EPS for Peak Performance Inc. for 2009.

Reference no: EM131919250

Questions Cloud

What are some limitations of the purchasing-power-parity : What predictions does the purchasing-power- parity theory make concerning the impact of domestic inflation on the home country's ex- change rate?
How might firms still have positive economic profit : How might firms still have positive economic profit? Describe a strategy a firm in this type of market might use to maintain economic profits.
Evaluate the return and risk associated with asset : Calculate the annual rate of return for each asset in each of the 10 preceding years, and use those values to find the average annual return for each asset
What advice would you give ceo wilkerson on the likelihood : Rex Wilkerson, Mossbay's CEO and President, recognized Regina's contributions and considered her a very valuable asset for the corporation.
Compute basic eps and the diluted eps for peak performance : Peak Performance has no preferred stock and a 30 percent income tax rate. Required: Compute the basic EPS and the diluted EPS for Peak Performance Inc. for 2009
What should the current long-term rates : If the unbiased expectations theory is correct, what should the current long-term rates for 1-, 2-, and 3-year maturity Treasury securities?
Prepare a report for the company president : Trail Frames Chassis (TFC) of Elkhart, Indiana, is a major manufacturer of chassis for the motor home and van markets. Two unemployed truck-manufacturing.
What is the total cost of pollution reduction : What is the total cost of pollution reduction under system of tradable permits? Which ferry line will buy permits? How many permits will it buy and from whom?
What operational activities determine these characteristics : Select two products that you have recently purchased; one should be a service and the other a manufactured good. Think about the process that you used.

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.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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