Reference no: EM133045983
Question - On January 1, 2020, Sunland Ltd. had 498,000 common shares outstanding. During 2020, it had the following transactions that affected the common share account:
Feb. 1 Issued 177,000 shares.
Mar. 1 Issued a 19% stock dividend.
May 1 Acquired 192,000 common shares and retired them.
June 1 Issued a 2-for-1 stock split.
Oct. 1 Issued 74,000 shares.
The company's year end is December 31.
1. Determine the weighted average number of shares outstanding as at December 31, 2020.
2. Assume that Sunland earned net income of $3,494,000 during 2020. In addition, it had 110,000 of 8%, $100 par, non-convertible, non-cumulative preferred shares outstanding for the entire year. Because of liquidity limitations, however, the company did not declare and pay a preferred dividend in 2020.
Calculate earnings per share for 2020, using the weighted average number of shares determined above.
3. Assume that Sunland earned net income of $3,494,000 during 2020. In addition, it had 110,000 of 8%, $100 par, non-convertible, cumulative preferred shares outstanding for the entire year. Because of liquidity limitations, however, the company did not declare and pay a preferred dividend in 2020.
Calculate earnings per share for 2020, using the weighted average number of shares determined above.
4. Assume that Sunland earned net income of $3,494,000 during 2020. In addition, it had 110,000 of 8%, $100 par, non-convertible, non-cumulative preferred shares outstanding for the entire year. Because of liquidity limitations, however, the company did not declare and pay a preferred dividend in 2020. Assume that net income included a loss from discontinued operations of $431,000, net of applicable income taxes. Calculate earnings per share for 2020.
|
How long will it take to settle the loan
: If the company makes payments of $1,600 at the end of every month, how long will it take to settle the loan
|
|
Understanding the base rate of occurrence
: Joe is a new analyst in your organization. He is anxious to apply all of the new modeling techniques he learned in his Masters program.
|
|
Calculate the size of the periodic payment
: A loan of $23,200.00 at 6.00% compounded semi-annually is to be repaid with payments at the end of every 6 months. Calculate the size of the periodic payment
|
|
Prepare all journal entries required
: Prepare all journal entries required for a consolidation worksheet for the preparation of the consolidated financial statements of Kumar Ltd at 30 June 2021
|
|
Determine the weighted average number of shares outstanding
: On January 1, 2020, Sunland Ltd. had 498,000 common shares outstanding. Determine the weighted average number of shares outstanding
|
|
Latin american trade agreement
: After a promising start, MERCOSUR, the major Latin American trade agreement, has faltered and made little progress since 2000.
|
|
Explain the intellectual object
: How is intellectual property different from tangible property? What is meant by the expression "intellectual object"?
|
|
Assignment on australian consumer law
: Australian Consumer Law (ACL) especially provisions for refunds, exchanges and cancellations, terms and conditions of quotations and consumer contracts.
|
|
Case analysis - strategic considerations valuation
: Choose any one M&A or re-structuring case from the file and submit a report of your analysis in PPT format Your report should include discussions
|