Which is the basic eps for fox at the end of the year

Assignment Help Accounting Basics
Reference no: EM132614138

Fox Financial had 10,000 shares of common stock issued and outstanding at January 1. 50,000 shares were issued on April 1; 20,000 shares were issued on July 1; 40,000 shares were repurchased on October 1. Fox had 10,000 outstanding cumulative preferred stock set to yield and paid 8% during the year (convertible to 10,000 common shares). The issue price of the preferred shares was $10. Fox also had $100,000 worth of convertible bonds outstanding yielding 10% (convertible into 20,000 shares). The Net Income for the year was $100,000 and the tax rate is 25%.

Problem 1: Which of the following is the Basic EPS for Fox at the end of the year?

Reference no: EM132614138

Questions Cloud

Discuss what role the war on drugs might play : Considering the "war on drugs," discuss what role the "war on drugs" might play in contributing to an overburdened public defense system?
Prepare the journal entries to reflect the accounting : Prepare the journal entries to reflect the accounting for the company's pension plan for the year ending December 31, 2020
What impact on planning of an audit engagement : Audits are a key control activity for many companies. Explain FOUR factors that creat a demand for an independent financial report.
What are the individual and social implications of problem : What are the individual and social implications of this problem? Discussion of implications should be supported by accurate research data.
Which is the basic eps for fox at the end of the year : The Net Income for the year was $100,000 and the tax rate is 25%. Which of the following is the Basic EPS for Fox at the end of the year?
How do prepare journal entries for the april transactions : April 2. Began business by placing P120,000 in a business checking account. Prepare the journal entries for the April transactions.
Explain the high number of african americans on death row : Based on research, which factors may best explain the high number of African Americans (approximately 42%) on death row in the United States?
What should landis co report as other comprehensive income : At December 31, 2012, the fair value of the Ritter, Inc. bonds was $1,060,000. What should Landis Co. report as other comprehensive income
Which balance sheet prepared in a narrative format presents : Which balance sheet prepared in a narrative format presents? assets on the left and liabilities and equity on the right./ assets followed by equity

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.

  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!

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