User Account

All Pages

Compute the book value per share

Assignment Help Financial Accounting
Reference no: EM133157486

Activity 1 - Determination of Profitability and Preparation of Income Statement - The Arizona Book Company sola 1,400 finance text books for $84 each to High Tuition University in 2019. These books cost Arizona $63 each to produce. Arizona spent $2,000 selling expense to convince the university to buy its books. In addition, Arizona borrowed $50,000 on January 1, 2019, on which the company paid 10% interest. Both interest and principal of the loan were paid on December 31, 2019. Arisona's tax rate is 20%. Depreciation expense for the year was $5,000. Didi Arizona Cook Company make a profit in 2019? Kindly verify with an income statement presented in good form.

Additional question : How much is the profit of Arizona Company in 2019?

Activity 2 - Earnings per share and retained earnings - Harry Company has an operating profit of P200,000. Interest Expense for the year was 10,000; preferred share dividends paid were P18,750; and common share dividends were 30,000. The tax was 61,250. Harry Company has 20,000 shares of common share outstanding.

1. Calculate the earnings per share and the common dividends per share for harry Company.

2. What is the increase of retained earnings for the year?

Activity 3 - Determining Book Value - Brother Company has an assets of $1,900,000, current liabilities of $700,000 and long-term liabilities of $580,000. There is $170,000 in preferred stock outstanding; 30,000 shares of common stock have been issued. Compute the book value per share.

Reference no: EM133157486

Questions Cloud

Describe the qualities of change leader : Describe the qualities of a change leader and how leaders can serve as role models for change, and how these leaders impact organizational culture.
By how much have excess reserves changed : Now suppose the FED buys $1 million worth of securities from the Wherethehellami branch. By how much have excess reserves changed
Are warehousing costs considered a product cost : At year-end, the warehousing costs are prorated over cost of goods sold and ending inventory. Are warehousing costs considered a product cost or a period cost
How corporate ethics and corporate social responsibility : How corporate ethics and corporate social responsibility (CSR) can help attract and retain (even improve the morale of) talent
Compute the book value per share : There is $170,000 in preferred stock outstanding; 30,000 shares of common stock have been issued. Compute the book value per share
Identify two business risks faced by bb : Identify two business risks faced by BB. For each business risk, discuss how it might lead to a material misstatement of the financial report
Use a cash flow prediction report : Find a company online, perhaps using Yahoo Finance, that in your opinion has too much debt.
What would be the expected percentage increase : What would be the expected percentage increase in net operating income? Use the degree of operating leverage concept to compute your answer
Coding and developing the programs in java : How to get more closely in terms of coding and developing the programs in java programming language

Reviews

Write a Review

Financial Accounting Questions & Answers

  Determine bad debt expense does not properly match expense

Determine bad debt expense does not properly match expense and revenue? Charging bad debts as accounts are written off as uncollectible

  Calculate break-even point expressed in terms of total sales

Calculate the break-even point expressed in terms of total sales dollars and sales volume. Calculate the margin of safety and the margin of safety ratio. Assume current sales are $75,000.

  Determine the projected cash flow in the first year

The company is subject to a tax rate of 40% and WACC of 10%. Determine the projected cash flow in the first year (t = 1)

  What is the annual cost of the equipment

The company requires a 12% rate of return and uses stright-line depreciation to a zero book value. What is the annual cost of the equipment

  What is firsts contribution to consolidated net income

Winner Corporation acquired 80 percent of the common shares and 70 percent of the preferred shares of First Corporation at underlying book value on January 1, 20X9. At that date, the fair value of the noncontrolling interest in First’s common stock w..

  Record insurance used for the year

Record insurance used for the year Accrue interest for note payable. Assume a full month of interest for July.(6% annual interest on $10,000 loan from parents.)

  Calculate the expected return of the new project

The risk-free rate is 5.5% per annum and the company has a beta coefficient of 1.0. Calculate the expected return of the new project

  How long does take to double money

At 5.25 percent interest, how long does it take to quadruple your money? At 5.25 percent interest, how long does it take to double your money?

  A meeting of senior managers at the pringly division has

a meeting of senior managers at the pringly division has been called to discuss the pricing strategy for a new product.

  Calculate the price of a bond

Calculate the price of a bond if the coupon payment is 9.65% yield for the bond is 6.96%, bonds face value is1,000 and matures in 16

  Estimate the covariance between p and s

Suppose you are a British venture capitalist holding a major stake in an e-commerce start-up in Silicon Valley. Estimate the Covariance between P and S

  What amount does John realize

On December 12, 2020, he sells the shares for $42.50 per share. He also incurs a $1,000 fee for this transaction. What amount does John realize

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