Does the second cup have preferred shares

Assignment Help Accounting Basics
Reference no: EM132741113

Question: a) Does The Second Cup have preferred shares? If so, how many preferred shares is the company authorized to issue? How many shares were issued at June 24, 2000?

b) What was the average issue price of the common shares at June 24, 2000 and June 30, 1998?

c) Did The Second Cup repurchase any shares in fiscal 2000? Fiscal 1998? If so, identify how many shares and at what amount.

d) Calculate The Second Cup's return on equity for fiscal 1999, using its pro forma 1999 results. Shareholders' equity at June 27, 1998 was $10,.950,000. How does this compare to the 2000 return on equity of 9.50%?

e) Calculate the book value per share for fiscal 1999, using its pro formal 1999 results. How has the book value changed from fiscal 1999 to 2000? The book value per share for 2000 was $0.18

f) How many common shares were issued for cash to employees and directors during the year ended June 24, 2000?

g) As at June 24, 2000, what percentage of the company assets was financed by the shareholders equity?

h) Did the company report and discounted operations or extraordinary items during the years ended June 24, 2000, and June 30, 1999?

i) How much were the earnings (loss) per share the years ended June 24, 2000 and June 30, 1999?

j) How much (if anything was paid in dividends during the years ended June 24, 2000 and June 30, 1999?

Reference no: EM132741113

Questions Cloud

Prepare the journal entry to record the initial investment : Petersen Stores invested in $100,000 face amount of 4-year bonds issued by Erik Food Supply Company on January 1, 20X1. The bonds were purchased at 98.
Explain the revaluation model using the proportionate method : Moon Inc., a publicly listed company, has a building with an initial cost of $400,000. At December 31, 2020, the date of revaluation, accumulated depreciation.
What is the maximum benefit alicia can receive : Alicia has been working for JMM Corp. for 33 years. Alicia participates in JMM's defined benefit plan. Under the plan, for every year of service for JMM.
Journalize transactions using a perpetual inventory system : Journalize the transactions using a perpetual inventory system. Enter the beginning cash and capital balances and post the transactions.
Does the second cup have preferred shares : Does The Second Cup have preferred shares? If so, how many preferred shares is the company authorized to issue? How many shares were issued at June 24, 2000?
What are some reasonable expectations for research : Intangible assets may be a result of R&D efforts. How does research and development impact the value of an intangible assets. What are some reasonable.
What total deductible expenses for tax purposes are : Vella owns and operates an illegal gambling establishment. In connection with this activity, he has the following expenses during the year.
What is the entry to journalize the closing entry year end : On June 1, X Inc issued an $84,000 5% 120 day note payable to Smith Company. Assume that the fiscal year of Smith ends June 30. Using a 360 day year.
Calculate employers total futa and suta tax : Calculate employer's total FUTA and SUTA tax. As TCLH Industries operates in North Carolina, assume a SUTA tax rate of 1.2% and a taxable earnings threshold.

Reviews

Write a Review

Accounting Basics Questions & Answers

  General corporation was organized on january 1 and issued

1.mayfair corporation has outstanding 110000 shares of 1 par value common stock as well as 29000 shares of 13.5 100 par

  Prepare the budgets for june

Prepare the budgets for June Revenue, Production, Material usage and Material purchase ( how many pounds of material should be purchased and what is the cost of purchases)

  A firm produces perishable food at the cost of 25 per case

a firm produces perishable food at the cost of 25 per case and in batches of 100 cases. it sells the product to a

  Dicuss about the deceitful spammer or marketing genius

Dicuss about the Deceitful Spammer or Marketing Genius and also discuss Balanced scorecard, ethical leadership, emotional intelligence, sustainability

  Investigate process costing accounting in at least one

investigate process costing accounting in at least one country outside of the united states. what are the reporting

  Determine rupina gross margin for the year

The Rupina Company had the following Sales and Expenses during its first year of operations: determine Rupina's gross margin for the year

  Computation of the percentage-of-completion

An error was made in the computation of the percentage-of-completion of the current year's ending work-in-process inventory. The error resulted in assigning a higher percentage-of-completion to each component of the inventory than actually was the..

  Problem regarding debt investments

Debt investments are recorded at the : a. face value of the bonds purchased. b. face value of the bonds purchased plus interest. c. price paid for the bonds plus interest. d. price paid for the bonds plus brokerage fees

  Estimates that total factory overhead costs

Almerinda Company estimates that total factory overhead costs will be $1,750,000 for the year. Direct labor hours are estimated to be 500,000. Determine the balance on the job cost sheets for Jobs 50 and 51 at the end of April.

  What are some of the limitations of activity-based costing

How does this relate to a business that you know about? If you don't have a job, then try to relate the topic to a business or industry that you are interested.

  Cash on the bank statement for the same date

p9. The following information is available for Delta Company as of April 30, 2014: a. Cash on the books as of April 30 amounted to $114,175.28. Cash on the bank state- ment for the same date was $141,717.08.

  Calculate the present value of the note

The present value of an annuity at 8% for 5 years is 3.9927. Each annuity payment equals $75,137. Calculate the present value of the note

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