An analyst gathers the following data: 1,000,000 common shares outstanding (no change during the year). $6,500,000 net income. $500,000 preferred dividends paid. $600,000 common dividends paid. $60 average market price of common stock for the year. 100,000 warrants outstanding exercisable for one common share each at $50. The company's diluted earnings per share is:

An analyst gathers the following data: 1,000,000 common shares outstanding (no change during the year). $6,500,000 net income. $500,000 preferred dividends paid. $600,000 common dividends paid. $60 average market price of common stock for the year. 100,000 warrants outstanding exercisable for one common share each at $50. The company's diluted earnings per share is:

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

You loan a friend $200 and are repaid $120 at the end of the first month and $30 at the end of each month for the next three months. What is your rate of return?
SOLVE STEP BY STEP IN DIGITAL FORMAT dont use excel, dont use IA 5.28 Find the amount of 18 payments that the anesthetist Joaquín Murillo must make at the beginning of each bimonthly period, if the amount he deposits bimonthly is $1,985. The interest is 15% per year, compounded bimonthly.
Peg Gasperoni bought a $50,000 life insurance policy for $190 per year. Ryan Life Insurance Company sent her the following billing instructions along with a premium plan example: "Your insurance premium notice will be mailed to you in a few days. You may pay the entire premium in full without a finance charge or you may pay the premium in installments after a down payment and the balance in monthly installments of $50. The finance charge will be added to the unpaid balance. The finance charge is based on an annual percentage rate of 18%." If the total policy premium is: $190 290 390 And you put down: Finance Charge $50.00 70.00 95.00 The balance subject to finance charge will be: $140.00 220.00 295.00 $ 4.96 The total number of monthly installments ($30 minimum) will be: Peg feels that the finance charge of $4.35 is in error. a. What is the actual finance charge for the first three months? Note: Round your answer to the nearest cent. 3 5 6 The monthly installment before adding the…
Data table T Plan A: Pay $0.09 per minute of long-distance calling. Plan B: Pay a fixed monthly fee of $18 for up to 300 long-distance minutes and $0.06 per minute thereafter (if she uses fewer than 300 minutes in any month, she still pays $18 for the month). Plan C: Pay a fixed monthly fee of $23 for up to 480 long-distance minutes and $0.05 per minute thereafter (if she uses fewer than 480 minutes, she still pays $23 for the month).
Direct Call offers a calling plan that charges $5.00 per month plus $0.02 per minute of call time. Under this plan, what is your monthly cost if you talk for a total of 200 minutes? Select one: O O A. $(1.00) B. $5.00 C. $9.00 D. $4.00
am.101.
You have a Visa credit card account lemi with a 24.99% annual percentage rate calculated on the average daily balance. The billing date is the first day of each month, and the billing cycle is the number of days in that month. Your credit card balance on June 1 was $252. On June 8th you made a $109 purchase. You made another purchase, a $75 gift card, on June 18th. You made a $100 payment on June 28th. Show your work for all parts of the problem. (a) What is the average daily balance for July? (b) What is your finance charge on the account as of July 1st? (c) What is your new credit card balance?
PLEASE SHOW ALL WORK You purchase goods on an invoice dated February 5 of a leap year, with terms of 5/10-90X. Calculate the last day of the discount period. The discount period ends 100 days (10 + 90 = 100) after the date of the invoice. February 5 is day 36.