Concept earnings per share

Assignment Help Accounting Basics

Reference no: EM13146688

Santana Corporation has 400,000 shares of common stock outstanding throughout 2010. In addition, the corporation has 5,000, 20-year, 7% bonds issued at par in 2008. Each $1,000 bond is convertible into 20 shares of common stock after 9/23/11. During the year 2010, the corporation earned $600,000 after deducting all expenses. The tax rate was 30%.

Instructions

Compute the proper earnings per share for 2010.

Reference no: EM13146688

Questions Cloud

Explain what is the value of at this temperature : What is the value of at this temperature? 23.15 At this temperature the rate constant for the reverse reaction is 310. . What is for the reaction?

Rational of recognising costs : What are the rational of recognising costs as expenses at the time of project sale? Which are the accounting factors that sometimes keep reported operating results from reflecting the change in the value of a company?

What percent of the atoms remain after 7,500 years : The half-life of a certain radioactive element is 1,250 years. What percent of the atoms remain after 7,500 years?

What property is illustrated by behavior of marginal product : After paying the movie distributors and meeting all other non-interest expenses, the owner expects to net $2.00 per ticket sold. Construction costs are $1,000,000 per screen.

Concept earnings per share : Santana Corporation has 400,000 shares of common stock outstanding throughout 2010. In addition, the corporation has 5,000, 20-year, 7% bonds issued at par in 2008. Each $1,000 bond is convertible into 20 shares of common stock after 9/23/11. Duri..

What error is the likely source of this intense color : What error is the likely source of this intense color and are your results still valid?

Explain what is the composition in mole fractions : What is the composition in mole fractions of a solution that has a vapor pressure of 39 at 20 ? Express your answer using two significant figures.

Estimates of the number of patrons the complex will attract : Below are her estimates of the number of patrons the complex will attract each year, depending on the number of screens available.

Consider a channel:-calculate the current speed : Consider a channel:-calculate the current speed

User Account

All Pages