Calculate earnings per share. Earnings per share = $Answer   b) Calculate the dividend yield. Dividend Yield = Answer   % c) Calculate the price earnings ratio. Price Earnings Ratio

Q: Longmont Corporation earned net income of $86,000 this year. The company began the year with 600…

A: Formula: Earnings per share = Earnings available for Common Stockholders’/ Weighted Average number…

Q: The common stock of Monty Inc. is currently selling at $126 per share. The directors wish to reduce…

A: Monty Inc. - Journal EntriesScenario (a): 2-for-1 Stock SplitNo. Account Titles and Explanation…

Q: Marigold Corporation has outstanding 22,000 shares of $5 par value common stock. On August 1, 2025,…

A: Journal entries means the primary reporting of the business transactions in the books of accounts.…

Q: On November 27, the board of directors of Marin Company declared a $0.40 per share dividend. The…

A: Journal Entry: Journal entry is the act of keeping records of transactions in an accounting journal.…

Q: On November 25, Astoria Corporation issued 60,000 shares of its $5 par value common stock for $10…

A: The market value per share indicates the current selling price of the share. The face value or the…

Q: The following information is to be used for questions 199 and 200: Rogers has just completed their…

A: We have the following information: Net profit: $1,250,000 Value of shares: $1,000,000 Number of…

Q: Lighthouse Inc., a software development firm, paid a total of $75,000 in dividends in fiscal year…

A: Annual preferred dividend = 3,000 x 6 = 18,000

Q: Jim Corporation pays its cumulative preferred stockholders $1.20 per share. Jim has 15,000 shares of…

A: Common stock: These are the shares issued by a company to an outsider. These shares entitle a share…

Q: On November 27, the board of directors of Skysong Company declared a $0.50 per share dividend. The…

A: INTRODUCTION: Journal entry is the act of recording transactions in an accounting journal.  An…

Q: Swifty Corporation has 51,000 shares of $10 par value common stock outstanding. It declares a 15%…

A: The dividend is declared to the shareholders from the retained earnings of the business. The stock…

Q: The common stock of Teal Inc. is currently selling at $130 per share. The directors wish to reduce…

A: Journal entry - It refers to the process where the business transactions are recorded in the books…

Q: The charter for Zenith, Inc., authorizes the company to issue 250,000 shares of $9, no-par preferred…

A: Stockholders equity section represents all the remaining value of assets after settling all the…

Q: You are computing annual earnings per share and required disclosures for Garcia Fencing based on​…

A: Earning per share of the company is the net income after tax reduced by Preference dividend divided…

Q: You own 110 shares of stock in Halestorm, Incorporated, that currently sells for $81.40 per share.…

A: Stock valuation Ownership of the company is represented by shares. The value of the stock of a…

Q: Wow Inc., has 20,000 shares of 8%, $30 par value preference shares and 120,000 of ordinary shares…

A: a)working     particulars  Number of shares  Pv value  Interest %  Year 2017  Year…

Q: The common stock of Bridgeport Inc. is currently selling at $121 per share. The directors wish to…

A: The corporation sometimes prefers issuing stock split schemes or stock dividend for controlling the…

Q: Oriole Corporation has 74,000 shares of common stock outstanding. It declares a $2 per share cash…

A: Dividends declared = Number of shares Outstanding ×Cash dividend per share  = 74000×$2 =$148,000

Q: Purple Cab Company had 50,000 shares of common stock outstanding on January 1, 2021. On April 1,…

A: Weighted average outstanding common stock =  50000 shares + 20000*9/12…

Q: Beamsley Corporation was organized in 2020 to operate a financial consulting business. The charter…

A: Stockholders' equity refers to the stake in a company that is owned by the shareholders of the…

Q: Smith Corporation is reviewing the following transactions for its year-ended December 31, 2015. For…

A: Name of the Account: Dividends Payable and Paid in Capital , Since dividends are deducted from…

Q: Earnestine, Kepplinger & Co. began a new public corporation. The corporation’s common shares have no…

A: Issuance of shares: When the company needs capital, it issues shares. Generally, this issuance would…

Q: James Corporation earned net income of $94,000 this year. The company began the year with 500 shares…

A: EPS = (Net income - Preferred dividend)/Weighted average number of shares

Q: Anderson Steel Company began 2021 with 570,000 shares of common stock outstanding. On March 31,…

A: Basic earnings per share Basic earnings per share is calculated considering the outstanding shares…

Q: Grouper Corp, has 7,700 shares of common stock outstanding. It declares a $5 per share cash dividend…

A: Journal entries are the primary reporting of the business transactions in the books of accounts.…

Q: The Ivanhoe Corporation has 94,600 $2.00 noncumulative preferred shares that have been issued. It…

A: The dividends are the distribution of profit to shareholders. The dividend is returned to the…

Q: On August 15, 2021, EasyMoney, Inc.'s Board of Directors meets and declares that EasyMoney will pay…

A: Cash dividends are  distribution of accumulated earnings by a companies to its stockholders.…

Q: Ivanhoe Corporation has 10.50 million shares of common stock issued and outstanding. On June 1, the…

A: The journal entries are prepared to record the transactions on a regular basis. The dividend is…

Q: Templet Corp. earned net income of $118,400 and paid the minimum dividend to preferred stockholders…

A: 1) Calculation of Earning Per Share (EPS) EPS will be calculated on the earnings available to common…

Q: Crane Jewelers management announced that the company had net earnings of $4,356,000 for this year.…

A: Given: Net earnings = $4,356,000 Shares outstanding = $1,613,000 Stock price = $ 68.91

Q: Doug Graves Cemetery had 69,000 shares of common stock issued and outstanding at January 1, 2021.…

A: Shares after stock split = Shares issued*2/1

Q: Blue Ltd. reported $4,886,625 of net income for the fiscal year ended December 31, 2021. The company…

A: Earnings per share is a metric used to measure the return earned by the shareholders for each share…

Q: The board of directors of Wayne Co. declared a cash dividend of $1.50 per share on 42,000 shares of…

A: Cash dividend is paid out of surplus or the reserves of the company Company can pay cash dividend or…