Determine basic earrings per share of common stock

Assignment Help Accounting Basics

Reference no: EM13259513

Thrifty Co reported net income of 465,000 for its fiscal year ended Jan 31 2011. At the beginning of that fiscal year, 200,000 shares of common stock were outstanding. On Oct 31,2010, an additional 60,000 shares were issued. No other changes in common shares outstanding occured during the year. Also during the year, the company paid tha annual dvidident on the 25,000 shares of 7%, $40 par value preferred stock that were also outstanding the entire year.

A) calucate the basic earrings per share of common stock for the year ended Jan 31,2011

Reference no: EM13259513

Questions Cloud

How should the intermediate temperature be selected : Consider the combination of the two heat engines in series. How should the intermediate temperature be selected so the two heat engines have the same efficiency assuming Carnot cycle heat engines?

Calculate the current price of the bonds : Midland Oil has $1,000 par value bonds outstanding at 8 percentinterest. The bonds will mature in 25 years. Compute the current price of the bonds if the present yield to maturity is:

Recorded value of a note : If the recorded value of a note differs from the face value:

How much heat flows between the gas and the heat reservoir : An ideal gas is in contact with a heat reservoir to that it remains at a constant temperature of 300.0 K. How much heat flows between the gas and the heat reservoir

Determine basic earrings per share of common stock : A) calucate the basic earrings per share of common stock for the year ended Jan 31,2011

What is the formula to compute the annual payment a : Economic formulas are available to compute annual payments for loans. Suppose that you borrow an amount of money P and agree to repay it in n annual payments at an interest rate of i. The formula to compute the annual payment A is

Prepare ingood form a statement of revenues : Prepare ingood form (proper heading, etc.) a statement of revenues,expenditures, and changes in fund balance for this fund for20X9.

Describe the types of questions : Describe the types of questions that you asked yourself to ensure that you used critical thinking in your research and analysis of the problem.

Calculate the change of volume of the gas in this process : If 1.00 mol of oxygen is heated at constant pressure of 1.00 atm from 10.0?C to 25.0?C. What is the change of volume of the gas in this process

User Account

All Pages