How much is diluted earnings per share for calendar year

Assignment Help Financial Accounting

Reference no: EM13911927

Chandler had 7,500 shares of common stock outstanding on January 1, and issued an additional 2,500 shares on June 1. There was no preferred stock, and net income was $124,700. How much is diluted earnings per share for the calendar year?

A. $12.47

B. $13.92

C. $14.25

D. Diluted EPS is not applicable because of the simple capital structure.

E. None of these.

Reference no: EM13911927

Questions Cloud

Limited amount of oxygen : Phosphorous burns in a limited amount of Oxygen to produce a compound whose composition is 56.4% Phosphorous and 43.6% Oxygen by mass.

What percentage of the discount chains female employees have : If 25 percent of the discount chain's employees have a management position, what percentage of the discount chain's female employees have a management position?

Mass of the filled container : What is the mass of the filled container assuming that liquid propane has a density of .585 g/cm3. The total length is 10 ft, the height is 4 ft, and each hemispherical end is 2 ft.

The allowance for bad debts account had a balance : The Allowance for Bad Debts account had a balance of $5,300 at the beginning of the year and $6,100 at the end of the year.

How much is diluted earnings per share for calendar year : Chandler had 7,500 shares of common stock outstanding on January 1, and issued an additional 2,500 shares on June 1. There was no preferred stock, and net income was $124,700. How much is diluted earnings per share for the calendar year?

What the assumed probabilities in a would actually be : What is the probability that at least one of the 24 people would have seen the cut if it was there? How might we estimate what the assumed probabilities in a would actually be?

Calculate the ending inventory : Horne Inc. uses a periodic inventory system. Its records show the following for the month of May, in which 74 units were sold. Calculate the ending inventory at May 31 using the (a) FIFO, (b) LIFO, and (c) average-cost methods. (For average-cost, rou..

What type of ratio is the return on equity ratio : Financial statement ratio analysis may be undertaken to study liquidity, turnover, profitability, and other measures. What type of ratio is the return on equity ratio?

Cost flow assumptions-Weighted average-FIFO and LIFO : Adams Co. started the year with no inventory. During the year, it purchased two identical inventory items at different times. The first purchase cost $1,290 and the other, $1,590. Adams sold one of the items during the year. Weighted average? FIFO? L..

User Account

All Pages