User Account

All Pages

Compute stanley basic and diluted earnings per share

Assignment Help Accounting Basics
Reference no: EM131915293

Question - EPS; shares issued; stock options

Stanley Department Stores reported net income of $720,000 for the year ended December 31, 2013. Additional Information:

Common shares outstanding at Jan. 1, 2013 80,000

Incentive stock options (vested in 2012) outstanding throughout 2013 24,000

(Each option is exercisable for one common share at an exercise price of $37.50)

During the year, the market price of Stanley's common stock averaged $45 per share.

On Aug. 30 Stanley sold 15,000 common shares.

Stanley's only debt consisted of $50,000 of 10% short term bank notes.

The company's income tax rate is 40%.

Required: Compute Stanley's basic and diluted earnings per share for the year ended December 31, 2013.

Reference no: EM131915293

Questions Cloud

What is expected return on the firms debt : What is the expected return on the firms debt? What would be the expected return on equity in Mellors had no debt?
How much to expense for the current year : The Bishop Company has a balance in the warranty obligation account of $400,000. Adjusting to $600,000 will add how much to expense for the current year
Describe how a leader might utilize the kelley model : Explain how knowledge of effective followership can help one's leadership perspective.Identify the categories of followers.
What was caterpillar book debt-to-value ratio : What was its market debt-to-value ratio? What was Caterpillar’s book debt-to-value ratio?
Compute stanley basic and diluted earnings per share : Stanley Department Stores reported net income of $720,000 for the year ended, Compute Stanley's basic and diluted earnings per share for the year ended December
Reflect on what you have learned about deontological frame : A textile manufacturer is closing its North Carolina plant and moving the production of its products to a developing nation in Southeast Asia.
Marginal investments in accounts receivable : What is the cost of marginal investments in accounts receivable under the proposed plan?
What timeframe works for you : Do you think it could also apply to training in the workplace? I don't know about anyone else but to sit through an eight our training session for me.
Identify the specific stakeholders in your community : Identify the specific stakeholders in your community and why they are important to your advocacy goals.

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