Concert hall sells season tickets for six events at a price

Assignment Help Accounting Basics
Reference no: EM13581626

Concert Hall sells season tickets for six events at a price of $92. In pricing the tickets, the planners assigned the leadoff event a value of $24 because the program was an expensive symphony orchestra. The last five events were priced equally; 1,290 season tickets were sold for the 2010 season.

(a)Calculate the theater's earned revenue after the first three events have been presented. (Do not round intermediate calculations. Round your final answer to the nearest dollar amount. Omit the "tiny_mce_markerquot; sign in your response.)

Ringemup, Inc., had net income of $471,500 for its fiscal year ended October 31, 2010. During the year the company had outstanding 36,200 shares of $4.80, $45 par value preferred stock, and 98,000 shares of common stock.

Calculate the basic earnings per share of common stock for fiscal 2010. (Round your answer to 2 decimal places. Omit the "tiny_mce_markerquot; sign in your response.)

For several years Erben, Inc., has followed a policy of paying a cash dividend of $0.59 per share and having a 7% stock dividend. In the 2011 annual report, Erben reported restated earnings per share for 2009 of $1.23.

(a)Calculate the originally reported earnings per share for 2009. (Do not round intermediate calculations and round your final answer to 2 decimal places. Omit the "tiny_mce_markerquot; sign in your response.)

Reference no: EM13581626

Questions Cloud

Ben james established big sandy combine bsc to provide : ben james established big sandy combine bsc to provide executive counseling and job placement services to its clients.
For each procedure indicate which of the first four parts : the following are various activities an auditor does during audit planning.1. send an engagement letter to the
Goody company estimates that unit sales will be 10000 in : goody company estimates that unit sales will be 10000 in quarter 1 12000 in quarter 2 14000 in quarter 3 and 18000 in
Common stock financing is often considered the safest form : common stock financing is often considered the safest form of financing as the issuing firm is under no obligation to
Concert hall sells season tickets for six events at a price : concert hall sells season tickets for six events at a price of 92. in pricing the tickets the planners assigned the
In recent years there has been more of a shift towards more : in recent years there has been more of a shift towards more branding and advertising as opposed to focusing on product
Camille sikorski was divorced last year she currently owns : camille sikorski was divorced last year. she currently owns and provides a home for her 15-year-old daughter kaly and
Pisa inc leased equipment from tower company under a : pisa inc. leased equipment from tower company under a four-year lease requiring equal annual payments of 86038 with the
Katara enterprises distributes a single product whose : katara enterprises distributes a single product whose selling price is 30 and whose variable expense is 16 per unit.

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