Reference no: EM131676737
Question - Cedalion Corporation had 360,000 shares of common stock outstanding at January 1, 2017. On March 1, 2017, Cedalion repurchased and promptly retired 20,000 shares of its own stock. On June 1, 2017, the company declared 1.5 for 1 stock split. Lastly, on November 1, 2017, the company issued 90,000 shares of common stock. In addition to common stock, Cedalion had 12,500 shares of 5% cumulative convertible preferred stock, par value $20 each, and each preferred share convertible into 10 shares of common stock. Furthermore, Cedalion had 75,000 outstanding stock options, exercisable at $22 per share. Average market price in 2017 was $30 per share. All numbers for preferred shares and for stock options are already adjusted for the stock split. Cedalion's net income for the year 2017 was $2,175,000.
a) Compute the basic earnings per share for year 2017.
b) Compute the diluted earnings per share for year 2017.
|
Design of the database for the website
: 300583 WSD - design of the database for the website decides many facets of project implementation, the design of the database is detailed first
|
|
Name at least one technology that could improve project
: Technology is integral to successful implementation in many projects, through either support or integration or both.
|
|
How much does heather save or cost company by making swap
: CB Solutions. Heather O'Reilly, the treasurer of CB Solutions, believes interest rates are going to rise, so she wants to swap her future floating rate.
|
|
Discuss which type of sentence will bernice use
: During revision, you should scan your paper for words and replace them with concrete words or phrases
|
|
Compute the basic earnings per share for year
: Cedalion Corporation had 360,000 shares of common stock outstanding at January 1, 2017. Compute the basic earnings per share for year 2017
|
|
Strengths and weaknesses of group decision-making
: 1. List the strengths and weaknesses of group decision-making.
|
|
Interest rate risk is the risk that changes in interest rate
: Discussion Prompt #1 - Interest rate risk is the risk that changes in interest rates (in the U.S. or other world markets) may reduce (or increase).
|
|
Review case study of the lluvia and paraguas
: Lluvia and Paraguas. Lluvia Manufacturing and Paraguas Products both seek funding at the lowest possible cost. Lluvia would prefer the flexibility of floating.
|
|
Find the total purchases of merchandise for the period
: Sales on account were $532,100 and cost of goods sold was $358,000. The total purchases of merchandise for the period were
|