How many shares of common stock does jlf have

Assignment Help Financial Accounting
Reference no: EM13847094

On January 1, 2011, The JLF Company had

(i) 30,000 shares of $5 stated-value preferred stock authorized, issued and outstanding;

(ii) 100,000 shares of $12 par- value common stock issued; and

(iii) 10,000 shares of common stock in the treasury.

The MARKET value of the preferred stock was $10 for the entire year; the market value ofthe common stock was S8 for the entire year. On March 1 st, JLF distributed a 60% common stock dividend. On July JLF distributed a 3-for-l common stock split. On December 15th, one-third of the treasury stock was re-issued for cash.

How many shares of common stock does JLF have outstanding at December 31, 2011? Prepare a schedule to support your answer.

Reference no: EM13847094

Questions Cloud

Use the equivalent annual cost approach to evaluate : A company wishes to select the best of three possible computers, each expected to meet the University's growing need for computational and storage capacity. The three computers— A, B, and C—are equally risky. Calculate the NPV for each computer over ..
Analyze why cisco landed in financial trouble : Study the networked supply chain concept as implemented by Cisco. What are its strengths and weaknesses - Analyze why Cisco landed in financial trouble
Alternative proposals to enhance firms manifesting facility : You have just joined the Maarets Group and your boss asks you to review a recent analysis that was done to compare three alternative proposals to enhance the firms manifesting facility. which projects would recommend based on the NPV of each proposal..
What is the crux of the research problem : What is the crux of the research problem. What are some alternative approaches to address the research problem. What is a better way to substantiate the claim of the authors
How many shares of common stock does jlf have : How many shares of common stock does JLF have outstanding at December 31, 2011? Prepare a schedule to support your answer.
What is the firms investment in accounts receivable : Tauscher Textiles Corporation has an inventory conversion period of 45 days, a receivables collection period of 47 days, and a payables deferral period of 35 days. If Tauscher's sales are $3,309,028 and all sales are on credit, what is the firm's inv..
Should the company lease or buy the car : The lease would be for four years and requires a $7,500 payment. The company also has an initial cost of $2,500 for transporting the car. At the end of the lease, the van will return to the leasing company. The cost of capital is 8%. Should the compa..
Use time value of money : A town has to resurface a section of its roads. There are two options: gravel or going through another company that uses another surfacing technique. The gravel has an initial cost of $200,000 to put down and it costs $15,000 to grade the road on an ..
Calculate the accuracy of your linear classifier : Plot X,Y and the decision boundary. Make sure that you use a good plotting technique so that it is easy to distinguish which datapoint is X and which is Y. Calculate the accuracy of your linear classifier.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Total paid-in capital and total stockholders equity

Based on the preceding information, calculate each of the following: Total paid-in capital. Total stockholders' equity.

  How much money will you require to deposit to get goals

Suppose a 10% interest rate, how much money will you require to deposit each year to be able to meet these financial goals?

  Calculation of net income from the change in stockholders

calculation of net income from the change in stockholders equity.presented below is certain information pertaining to

  What is the amount of gains or losses

Prince Corporation is acquiring Jam Corporation in a Type A reorganization by exchanging 40% of its voting stock and $50,000 for all of Jam's assets (value of $850,000 and basis of $600,000) and liabilities ($200,000). The shareholders of Jam are Sus..

  Explain what the following statement by handel 1982 p 36

explain what the following statement by handel 1982 p. 36 means and provide an argument to either support or oppose the

  Determine the firm''s cost of retained earnings

Determine the firm's cost of retained earnings and the cost of new common equity. and If Dempere's after-tax cost of debt is 8%, what is the WACC with retained earnings? With new common equity?

  Evaluate the expected stock price after the stock

The stock split is expected to increase the company's market capitalization by 5 percent.  Evaluate the expected stock price after the stock split is completed?

  Journalize the transactions-stockholders equity accounts

The stockholders equity accounts of Miley Corporation on January 1, 2014, were as follows. Preferred Stock (7%, $100 par noncumulative, 4,800 shares authorized) $288,000. Journalize the transactions. (Record entries in the order displayed in the prob..

  Assume each cash flow is received evenly throughout the year

Cost of investment is $200,000. Estimated cash flow are $50,000 per year for 3 years and then $500,000 per year for 3 years. Assume each cash flow is received evenly throughout the year. The specified payback period is 3 years. Is the project a go?

  The diverse measurement methods developed for different

the diverse measurement methods developed for different types of assets suggest that standard setters are confused

  Computation of break-even-point of airline companythe

computation of break-even-point of airline company.the smooth flight airline company is considering lowering fares in

  Evaluate the yield that trevor would earn by selling

Evaluate the yield that Trevor would earn by selling the bonds today. Evaluate the present value of $4,300 under each of the subsequent rates and periods.

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