User Account

All Pages

What is the total number of shares outstanding

Assignment Help Accounting Basics
Reference no: EM132164719

Question - On January 1, 2016 Magna Refrigeration Co. had 100000 shares of $5 par common stock outstanding. The following transactions took place during 2016. Magna Refrigeration declared and issued a 20% stock dividend on March 15. On July 1, Magna Refrigeration purchased 10000 shares of its common stock. On October 1, Magna Refrigeration issued 14000 shares for cash.

A) What is the total number of shares outstanding as of Dec. 31?

B) What is the weighted-average number of shares outstanding as of Dec. 31?

C) On Dec 31 2016 Magna Refrigeration Co had a Net income of $350000 and declared preferred dividends of $85000. Calculate the earnings per share for 2016?

Reference no: EM132164719

Questions Cloud

Explain the goals and objectives of the new division : Explain the goals and objectives of the new division and help with the development of the strategy to achieve them.
Calculate dividend per share for each year : As of January 2016, Magna Refrigeration Co has 6% preferred stock, Calculate Dividend Per share for each year
How do we demonstrate our worth : When nursing care is billed, it does not have its own column in the patient bill. We fall under "room and board." How do we demonstrate our worth.
Define the term secondary sector : Define the term secondary sector - Prepare a PEST analysis for the textile factory in Alumbre - Discuss two possible areas of conflict between stakeholders
What is the total number of shares outstanding : On January 1, 2016 Magna Refrigeration Co. had 100000 shares of $5 par common stock outstanding. What is the total number of shares outstanding
Mention the four key factor of emotional intelligence : Why do people need soft skills in an era of high technology? Mention the four key factor of emotional intelligence.
How the organization creates networking opportunities : Explain why it is important for a nurse in this specialty field to network. Discuss how this organization creates networking opportunities for nurses.
Influence the formulation of policies and procedures : Provide an example of how an organization which is structured in a hierarchical fashion can influence the formulation of policies and procedures.
What price would you bid if you must win the project : Alba and Gavigan set up their site so families can choose what kinds of non-toxic, all-natural products they'd like to use and get them in a bundle.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd