Reference no: EM131220047
For the year ended December 31, 2016, Joey Co. reported Net Income of $800,000. At January 1, 2016 the company had 900,000 shares of common stock outstanding. Joey Co. also had $1,000,000 of 6% cumulative preferred stock. No preferred dividends were paid in 2016 and the preferred stock is non-convertible. The following changes in the number of shares occurred during 2016:
April 1: Sold 60,000 shares of common stock.
May 31: Declared and Distributed a 10% Stock Dividend
July 1: Issued 72,000 shares of common stock Required:
1. Compute Joey Co’s earnings per share for the year ended December 31, 2016.
2. Given the facts as presented above, Joey Co would have to report Diluted EPS at 12/31/2016. TRUE or FALSE [Circle One]
|
How much money will accumulate in five years
: Write a MATLAB program to compute how much money will accumulate in five years in the account and in any CDs you buy. Run the program for two different savings interest rates: 4 percent and 5 percent.
|
|
The amount of gross margin from the four transactions
: Assume Beta Company uses the perpetual inventory method and engaged in the following transactions: 1) Purchased $12,000 of merchandise on account under terms 3/10, n/30. 2) Returned $1,200 (list price) of merchandise to the supplier before payment wa..
|
|
Write a matlab program that uses the switch structure
: To start a weight W moving on a horizontal surface, you must push with a force F, where F = μW. Write a MATLAB program that uses the switch structure to compute the force F. The program should accept as input the value of W and the type of materia..
|
|
What is the implication for the firms financing activities
: Suppose that the firm is prevented by bond covenants from issuing more debt. It is committed to increasing assets by 10 percent to support the forecast increase in sales, and it strongly believes that a dividend payment of $180 is in the best interes..
|
|
Compute earnings per share for the year ended
: For the year ended December 31, 2016, Joey Co. reported Net Income of $800,000. At January 1, 2016 the company had 900,000 shares of common stock outstanding. Joey Co. also had $1,000,000 of 6% cumulative preferred stock. Compute Joey Co’s earnings p..
|
|
How much money accumulates in a savings account
: Run your program for a $1000 initial deposit for each case; use a 5 percent interest rate. Compare the amounts of money that accumulate for each case.
|
|
What are some steps that european nations may take to assist
: Do more affluent nations have responsibility to help under developed nations stabilize their population growth? What are some steps that European and North American nations may take to assist the demographic transition of developing nations?
|
|
Impact the amount of money in the economy
: What tools does the Fed have to influence monetary policy and ultimately the economy? How do they impact the amount of money in the economy? Your answer to this question should be about 500 words.
|
|
What extent does nike rely on debt versus equity financing
: Classify each of these items as an asset, liability, or stockholders' equity and determine the total dollar amount for each classification. Determine Nike's accounting equation by calculating the value of total assets, total liabilities, and..
|