Compute the proper earnings per share

Assignment Help Accounting Basics
Reference no: EM133030102

Question - Santana Corporation has 400,000 shares of common stock outstanding throughout 2021. In addition, the corporation has 5,000, 20-year, 9% bonds issued at par in 2019. Each $1,000 bond is convertible into 20 shares of common stock after 9/23/22. During the year 2021, the corporation earned $900,000 after deducting all expenses. The tax rate was 30%. Compute the proper earnings per share for 2021.

Reference no: EM133030102

Questions Cloud

What nominal annual rate of interest compounded quarterly : If Paige has accumulated ?$6000 by saving ?$115 every month for four ?years, what nominal annual rate of interest compounded quarterly has been? earned
What is the present value of the tax savings : Runner Corporation is making a $96,400 investment in equipment with a 5-year life. What is the present value of the tax savings
Do you see regarding restorative justice : What limitations or weakness do you see regarding Restorative Justice? Identify and explain the evidence to support these ideas. What are ways that these
Compute the gross profit as percentage of cost of goods sold : Compute the gross profit as a percentage of cost of goods sold for Company A. When required, round your answer to the nearest whole percent
Compute the proper earnings per share : The corporation earned $900,000 after deducting all expenses. The tax rate was 30%. Compute the proper earnings per share for 2021
Discuss the limitations of restorative justice : Restorative Justice Philosophy and Process - Analyze and explain how restorative justice is currently utilized. And Discuss the limitations of restorative
Assignment discussion questions : Using what you know about equity theory, expectancy theory, and organizational justice, explain why Stephen and Bianca have different perceptions of what fairne
What is the npv of the project : In addition, the subsidiary can be sold at the end of three years for an estimated EUR 9.1 million. What is the NPV of the project
Role of natural justice in the grievance procedure : Please explain the role of natural justice in the grievance procedure and how it can prevent conflict. Please give journal references for supporting

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