Compute the basic earnings per share

Assignment Help Accounting Basics
Reference no: EM132758292

Question: Assume that the following data relative to Eddy Company for 2020 is available:Net Income for the year : $2,100,000;

On Jan.1,there are 700 ,000 shares of common shares outstanding transactions in common shares:

May purchase of 60,000 treasury shares

June stock split 2-1

Nov issuance of 120,000 shares

8% Cumulative Convertible Preferred Stock: $1,000,000, convertible into 200,000 shares of common stock. (adjusted for split)

Stock Options: exercisable to 60,000 shares of common stock at the price of $25 per shares and the Average market price in 2021 is $30. (both prices are also adjusted for the split)

Compute the basic earnings per share for 2020?

Compute the diluted earnings per share for 2020?

Reference no: EM132758292

Questions Cloud

Electronic medical record brochure : Examine legal requirements for managing patient information, health information documentation, the release of information, and electronic health records.
Describe short and long-term liabilities : Describe short and long-term liabilities. What type of liability would you rather deal with in an accounting role? What are some examples of both short term.
Make the appropriate journal entries : Make the appropriate journal entries, if any, to account for the new liability. In making your entries, assume that Terry's Internal Rate of Return is 6%
What other factors are important : In trying to build wealth, the amount of money saved is obviously important. What other factors are important? Why? The response must be typed.
Compute the basic earnings per share : Assume that the following data relative to Eddy Company for 2020 is available: Net Income for the year: $2,100,000; On Jan.1, there are 700 ,000 shares.
Calculate the covariance and correlation of two securities : As a financial analyst, you have estimated four possible states of nature with equal probability, Calculate the covariance and correlation of two securities
Listing your concerns and the reasons for your concerns : In the second part you will carry an objective critique of the article, listing your concerns and the reasons for your concerns.
Calculate VOH rate and efficiency variances : Predetermined VOH rate is calculated using direct labor hours as the cost driver. Calculate VOH rate and efficiency variances
The corporate and business strategies of target : What are the corporate and business strategies of Target? Which business model do they use? What is their distinctive competency? Explain.

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.

  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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd