User Account

All Pages

Compute stanley basic and diluted earnings per share

Assignment Help Accounting Basics
Reference no: EM132708815

Stanley Department Stores reported net income of $755,000 for the year ended December 31, 2021.

Additional Information:

Common shares outstanding at Jan. 1, 202175,000

Incentive stock options (vested in 2020) outstanding throughout 2021     12,000(Each option is exercisable for one common share at an exercise price of $22.00)

  • During the year, the market price of Stanley's common stock averaged $26.40 per share. On Aug. 30, Stanley sold 15,000 common shares. Stanley's only debt consisted of $34,000 of 10% short-term bank notes. The company's income tax rate is 25%.

Required:

Problem 1: Compute Stanley's basic and diluted earnings per share for the year ended December 31, 2021. (Enter your answers in thousands. Do not round intermediate calculations)

Reference no: EM132708815

Questions Cloud

What the net cost of rico merchandise purchases is : RiCo uses the perpetual method for inventory and records purchases at gross. What the net cost of RiCo's 20X4 merchandise purchases is
Analyze the ethics of allowing facilitating payments : Analyze the ethics of allowing facilitating payments such as under the FCPA in the U.S. and prohibiting them as under the U.K. Bribery Act.
Operations and flows of data : Operations and flows of data and then explore the benefits and challenges that an automated system may present in regard to effectiveness
Compute dow earnings per share for the year : Compute Dow's earnings per share for the year ended December 31, 2021.(Do not round intermediate calculations. Enter your answers in thousands.)
Compute stanley basic and diluted earnings per share : Compute Stanley's basic and diluted earnings per share for the year ended December 31, 2021. (Enter your answers in thousands.)
Find what are the consequences for grace company ltd : The price of the item to be purchased has nearly tripled, If Grace Company was using the FIFO method of inventory costing, what are the consequences?
Distribution and marketing plan : Distribution and Marketing Plan - How do you get the consumer to your site or social media? This is the exciting part of the promotion process
Prepared all required journal entries and post : Prepared all required journal entries and post. Reconcile the Accounts receivable control account to the Accounts receivable subsidiary ledger.
How much cash did the partners set aside for liquidation : In the first month of liquidation, certain assets were sold for P192,000. How much cash did the partners set aside for future liquidation expenses

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