Reference no: EM133006687
Questions -
Q1) Nike had 500,000 shares of common stock and 250,000 shares of non-cumulative preferred stock issued and outstanding at the end of Year 1. On July 1st, Year 2, Nike issued an additional 100,000 shares of common stock. During Year 2, cash dividends of $50,000 were paid to common stockholders and $100,000 to preferred stockholders. Net income for Year 2 was $430,000. What should Nike report for Year 2 basic earnings per share?
Q2) Coco Corp. awards 10,000 stock options to its employees. Each option grants the holder the right to purchase one share of stock for $25. The options are exercisable for a period of 4 years, but the employees are fully vested after a service period of 2 years. An option-pricing model indicates that the fair value of each option is $15. What amount of compensation expense should Coco Corp. recognize each year for the award?
Q3) Agassi Company had a gross profit of $720,000, total purchases of $840,000, and an ending inventory of $480,000 in its first year of operations as a retailer. Agassi's sales in its first year must have been?
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Journalize December transactions in the general journal
: Maganda Shop is servicing its customers by repairing various equipment and other gadgets. Journalize December transactions in the general journal
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What are the dividend yield and percentage capital gain
: Now suppose the year-end stock price after the dividend is paid is $48. What are the dividend yield and percentage capital gain in this case
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Elaborate the importance of having good credit
: In your own words elaborate the importance of having good credit. Explain why it is necessary to live within one's income
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Calculate the standard and actual costs
: The standard quantity of direct material is 60 KG iron, natural loss of iron 6%, damaged Pieces 2%, the standard price is $ 16/KG. Calculate the standard costs
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What amount of compensation expense should Coco recognize
: An option-pricing model indicates that the fair value of each option is $15. What amount of compensation expense should Coco Corp. recognize
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What is the present break-even point in revenues
: Darwin Nursery manufactures and sells pots. Currently, 250,000 units are sold per year at $3.20 per unit. What is the present break-even point in revenues
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What is the npv break-even level of sales
: What is the NPV break-even level of sales assuming a tax rate of 35%, a 10-year project life, and a discount rate of 12%
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Calculate the cost of ending work-in-process inventory
: Costs in the beginning work-in-process inventory are: materials, $60,000; conversion, $110,000. Calculate the cost of ending work-in-process inventory
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Prepare the journal entries in the records
: In exchange for these assets and liabilities, Grapefruit Ltd issued 100,000 shares. Prepare the journal entries in the records of the Grapefruit Ltd account
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