Reference no: EM132550667
Question - At January 1, 2020, Bramble Company's outstanding shares included the following.
262,000 shares of $50 par value, 7% cumulative preferred stock
826,000 shares of $1 par value common stock
Net income for 2020 was $2,542,000. No cash dividends were declared or paid during 2020. On February 15, 2021, however, all preferred dividends in arrears were paid, together with a 5% stock dividend on common shares. There were no dividends in arrears prior to 2020.
On April 1, 2020, 456,000 shares of common stock were sold for $10 per share, and on October 1, 2020, 118,000 shares of common stock were purchased for $20 per share and held as treasury stock.
Required - Compute earnings per share for 2020. Assume that financial statements for 2020 were issued in March 2021.
Nominal interest rate is 9 percent
: In the country of Wiknam, the velocity of money is constant. Real GDP grows by 3 percent per year
|
Explain the origin and dispersal of modern humans
: Discuss the two main hypotheses that have been used to explain the origin and dispersal of modern humans.
|
What order of processes would the firm apply the theory
: Assuming there is room for improvement in all processes, in what order of processes would the firm apply the theory of constraints to remove the bottlenecks?
|
Find out if the us dollar currency
: Compared to Three (3) other currencies such as Canadian, Euro, China, and Japan (or other currencies you have interest in),
|
Compute earnings per share
: Net income for 2020 was $2,542,000. No cash dividends were declared or paid during 2020. Compute earnings per share for 2020
|
Determine the cost of each of issues under perpetual system
: Determine the cost of each of the three issues under a perpetual system, using the first-in, first-out method.
|
Prepare the correcting entry required
: Prepare the correcting entry required, or if no entry is required, explain what other change, if any, should be made
|
Value of the canadian spending multiplier
: Assume that Canadian government taxes away $0.55 of each dollar of new income, that 40% of the remaining $0.45
|
What the incremental gain for the container division
: What The incremental gain or (loss) for the container division would be? Jerry Containers manufactures Containers for the packaging industry.
|