Compute for december the amount of earnings per share

Assignment Help Managerial Accounting
Reference no: EM133010854

Problem 1: The Common Stock account for Austin Corporation on January 1, 2020 was $60,000. On July 1, 2020 Austin issued an additional 5,000 shares of common stock. The Common Stock is $5 par. There was neither Preferred Stock nor any Treasury Stock. Paid in Capital Excess to par Common Stock was $20,000 on January 1 and $40,000 on July 2 and net income was $145,000. Use this information to determine for December 31, 2020 the amount of Earnings per Share (rounded to the nearest cent).

Reference no: EM133010854

Questions Cloud

Determine the total materials variance for j sporting goods : J Sporting Goods, Determine the total materials variance and round to the nearest whole dollar. Enter a favorable variance as a positive number.
Calculate the amount of bond discount or premium : Use this information to calculate the amount of bond discount or premium that is amortized with each interest payment. Enter as a whole number (no cents).
Determine times interest earned ratio for lightning company : Determine Times Interest Earned Ratio for Lightning Company. For the FY 2018, Lightning Company had net sales of $850,000 and net income of $65,000.
Compute for december the amount of earnings per share : Compute for December 31, 2020 the amount of Earnings per Share. On July 1, 2020 Austin issued an additional 5,000 shares of common stock. The Common Stock is $5
Compute for december the amount of earnings per share : Compute for December 31, 2020 the amount of Earnings per Share. The Common Stock account for Austin Corporation on January 1, 2020
Find amount of factory overhead that was applied in march : During the month of March 2018, actual direct labor hours of 9,100 were incurred. Find the amount of factory overhead that was applied in March.
How much will tim have to save each month to reach goal : How much will he have to save each month to reach his goal? The account will pay 0.2 percent interest per month. If he saves money every month, starting.
Workplace hazard management : Workplace Hazard Management - paper using this example. Do not put your title in caps
What is annual interest rate did charge for financing sale : You recently sold an antique car and owned and value greatly. What is annual interest rate did you charge for financing the sale.

Reviews

Write a Review

Managerial Accounting Questions & Answers

  How many units of each printer must be sold to break even

Calculate the weighted average unit contribution margin, assuming a constant sales mix. How many units of each printer must be sold to break even?

  Information on the company production activities

Prescott Company's predetermined overhead rate is 200% of direct labor. Information on the company's production activities during September 2013 follows.

  What is the irr of an investment

Question - What is the IRR of an investment of 2 million with a yearly savings of 500,000 for 10 years and a cost of capital of 14%

  Discount financial services

1.Chuck s Brokerage Service (CBS) is a discount financial services firm offering clients investment advice, trading services, and a variety of mutual funds for investment.

  How can depreciation be a cash flow

"How can the gain on sale of investments be a deduction from net income in determining the cash flow from the operating activities?"

  How estimate cash receipts for each month of first quarter

Credit sales in December 2020 are expected to be $244,000. Company expects to collect 75%. Estimate cash receipts for each month of the first quarter of 2021.

  Calculate the total manufacturing cost for job x

Calculate the amount of overapplied or underapplied overhead and state whether the Cost of Goods Sold account will be increased or decreased.

  What is the current share price

If the required return is 10 percent, and the company just paid a dividend of $2.20, what is the current share price

  What amount should pharoah have charged to expense

The entire amount of $924000 was charged to rent expense in 2018. What amount should Pharoah have charged to expense for the year ended December 31, 2018

  Prepare the january income statement for the company

Prepare the January income statement for the company showing profits by sales territories. Conclude your statement with income from operations

  Calculate each raw material seperately

Creating the direct material budget. Calculate each raw material seperately or sum them "all in one" in the DIRECT MATERIAL BUDGET ?

  What was the standard materials quantity per unit

If the materials quantity variance was $5,800 unfavourable, what was the standard materials quantity per unit

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