Reference no: EM13509398
Kelton Co., which produces and sells skiing equipment, is financed as follows:
Bonds payable, 8% (issued at face amount)....20,000,000
preferred $2 stock, $10 par....20,000,000
common stock, $25 par........20,000,000
Income tax is estimated at 40% of income.
Determine the earnings per share on common stock, assuming that the income before bond interest and income tax is (a) $10,000,000, (b) $12,000,000, and (c) $14,000,000.
Enter answers in dollars and cents, rounding to the nearest whole cent.
a. Earnings per share on common stock $
b. Earnings per share on common stock $
c. Earnings per share on common stock $
Particularly, I'm not sure how to determine the number of outstanding shares.
|
Determine the frictional force acting on the upper block
: Two blocks, each of mass m = 2.4 kg, are pushed along the horizontal surface of a table by a horizontal force P of magnitude 4.7 N, Find the frictional force acting on the upper block
|
|
Journalize the entry to record the amount of cash
: The first semiannual interest payment on December 31, 2012, and the amortization of the bond discount, using the straight-line method. (Round to the nearest dollar.)
|
|
Positive and negative impact on the local community
: Tourism has both a positive and negative impact on the local community
|
|
What was under armours allowance for doubtful accounts
: What was Under Armours allowance for doubtful accounts in 2009 and 2008 - was a larger percentage of the gross accounts receivable considered uncollectible at December 31, 2008 or 2009?
|
|
Determine the earnings per share on common stock
: Determine the earnings per share on common stock, assuming that the income before bond interest and income tax is (a) $10,000,000, (b) $12,000,000, and (c) $14,000,000.
|
|
Compute the angle between the ramp and the horizontal
: A 8.50-kg block of ice, released from rest at the top of a 1.41--long frictionless ramp, slides downhill, reaching a speed of 2.71 at the bottom. What is the angle between the ramp and the horizontal
|
|
What was the cost of goods manufactured for the month
: The beginning work in process inventory was $16,000 and the ending work in process inventory was $9,000. What was the cost of goods manufactured for the month?
|
|
What was its cruising speed
: Starting from rest, a car travels 1 350 meters in 1.00 minute. It accelerated at 1.0 m/s2 until it reached its cruising speed. What was its cruising speed
|
|
Prepare davis consultings cash budget for january
: Prepare Davis consultings cash budget for January and February 2013 and how much cash will Davis borrow in February if cash receipts from customers that month total $21,500 instead of $51,500?
|