For 2009, Flamingo Products had a net income of $1,000,000. At dec. 2009, there were 800,000 shares outstanding. The company paid $200,000 in interest payments to creditors. What is Flamingo's basic earnings per share for 2009?
Q: Net Salvage Value Allen Air Lines must liquidate some equipment that is being replaced. The…
A: Step 1:Cost of equipment (C) = $9 million = $9,000,000Current market value (MV) = $3 million =…
Q: A Fletchbuild coupon bond matures in four years, pays a semi-annual coupon rate of 10.5 % and will…
A:
Q: Some recent financial statements for Smolira Golf, Incorporated, follow Assets Current assets Cash…
A: Short-term solvency ratios: Asset utilization ratios: Note: As directed in the question, I used…
Q: None
A: The question asks about the "weighted average delay" for two cheques. There are two cheques: one for…
Q: Disadvantage of the payback method include: Answer choices are below: A) does not consider cash…
A: The correct answer is D) all of the above. The payback method indeed has several disadvantages. It…
Q: Anne Hathaway Inc.'s common stock has 10,800 shares outstanding with $42 per share. The company's…
A: To determine the capital structure weight of the preferred stock, we need to calculate the market…
Q: Calculate the Treynor measure of the Tiger Fund. O9.71% O 13.1% 8.56% 55.92% O 3.60%
A: Approach to solving the question:The question has 5 given optionsDetailed explanation:I used my…
Q: The force of a spring obeys Hooke's law: F = -kx for some positive constant > 0, where x = x(t)…
A:
Q: es Online Network Incorporated has a net income of $680,000 in the current fiscal year. There are…
A: Required A :- Compute Basic Earnings Per Share (EPS): Given:Net Income = $680,000Shares Outstanding…
Q: None
A: Part 1: Computation of book value per share as follows:Resultant values:Part 2: Computation of…
Q: None
A: The break-even EBIT level for NoNuns Companies, when considering a switch to a 20% debt capital…
Q: Solve it Using formulas, no tables i) PO= PV(10%)= £225,513.6 ii) i'≈0.0558 --> NPV(5%)= 2,896.867…
A: Step 1: Nominal Rate of Return:Total cash inflow after 3 years = £230,000 (Sale price) + Dividends…
Q: Based on the following information, how much capital expenditures did FIN3300F24 incur in 2023?…
A: Capital expenditures (CapEx) refer to the funds used by a company to acquire, upgrade, and maintain…
Q: Unless exceeding the permissible limit governed by tax law, interest paid by a corporation is a tax…
A: The statement is about the tax treatment of interest and dividends paid by a corporation. Interest…
Q: Which of the following statements is true? Gross profit margin and operating profit margin are…
A: Gross profit margin and operating profit margin are complements of each other and the two…
Q: None
A: Step-by-Step NPV Calculation with FormulasStep 1: Calculate Revenue for Each YearThe formula for…
Q: Suppose you have been hired as a financial consultant to Defense Electronics, Incorporated (DEI), a…
A: a. Time 0 Cash FlowComponents:Land's Opportunity Cost: $7.66 million.Cost to Build the Plant: $13.24…
Q: None
A: Conclusion: David and Sofia need approximately $4,408,399.76 in their retirement account by the time…
Q: Bethesda Mining Company reports the following balance sheet information for 2021 and 2022: Assets…
A:
Q: None
A: Now, I'll compute these values.Here are the computed future values:a. Future value for 9 years at…
Q: help please answer in text form with proper workings and explanation for each and every part and…
A: Present Value at 10% interest rate:Owning: Present value cost is $37,720.Leasing: Present value cost…
Q: In a common size statement, the balance sheet may be expressed as a percentage of ___________ while…
A: A common size statement is a financial statement in which each item is reported as a percentage.…
Q: Jane's trial balance at 31-Dec-2024 is shown below £-Cr Cost of Sales/Sales Office Heat & Light £-Dr…
A: 1. Adjustments Based on the Notes:Wages Owed:Add £6,000 to staff wages.Increase payables by…
Q: You have the opportunity to purchase a 25-year, $1,000 par value bond that has an annual coupon rate…
A: Given information, Number of periods (n) = 25 yearsPar value (FV) = $1,000Annual coupon rate (C) =…
Q: Holding other factors constant, the interest-rate risk of a coupon bond is higher when the bond's:…
A: Term-to-Maturity: Bonds with longer maturities are more sensitive to interest rate changes because…
Q: The two-dimensional wave equation describing the vibrations of an infi- nite string is Θη Ot2 2021…
A: Problem Statement Recap:Initial Conditions:Solutions Steps:
Q: D Question 21 Based on your answer from question 20, how much life insurance do you need to purchase…
A: To assist you effectively, I'll need to know more about what guide you're referring to. If it…
Q: Assume you own 300 shares of Sycamore stock. The firm plans on issuing a dividend of $2.10 per share…
A: If you have any questions let me know in comment box thankyou for your question.
Q: Discuss the risk and return indicated by different bond ratings. Support your answer with references…
A: Required Interest Rates and RiskA bond's credit rating directly affects the required interest rate…
Q: Transactions related to revenue and cash receipts completed by Aspen Architects Co. during the…
A: Part 2: Recording Transactions and Posting to the General LedgerTransactions for June:1. June 2:…
Q: Def company inc purchased a 3c copier for $500,000 one year and nine months ago. The assets has a…
A: To calculate DEF Company Inc.'s taxable profit and cash flow on the sale of the 3C copier, we'll go…
Q: Tax Brackets for Salary and Interest Income 0 to $15,000 $15,001 to $30,000 $30,001 to $70,000…
A:
Q: help please answer in text form with proper workings and explanation for each and every part and…
A: An open-marketplace repurchase occurs when an employer buys again its stocks from the general…
Q: Please correct answer and don't use hend raiting
A: Basic information; IRR stands for internal rate of return. At IRR, the present value of cash inflows…
Q: Current assets Net fixed assets Universal Products Company Financial Statements, 2021 and Pro Forms…
A: Given DataFrom the balance sheet:Actual 2021:Current assets: $2,900Net fixed assets: $2,900Total…
Q: None
A: The closest answer to this is 7.06%. So, the correct answer is 7.06%.
Q: not use ai please don't
A: 4. Inflation and Purchasing Power: - If inflation averages 3.5% during Bill's retirement, we can…
Q: Health Insurance Fundamentals Online Certification Exam 00:33:38 Question #32 of 50 Dread disease…
A: Approach to solving the question:Rational Detailed explanation:Dread disease policies often referred…
Q: None
A: Step 1:Determine the Growth Factor: First, figure out how many times your initial deposit of ₹5,000…
Q: None
A: Final Answer: The market believes the stock price at the end of 3 years will be approximately…
Q: Southwestern Wear Inc. has the following balance sheet: Current assets $1,875,000 Accounts…
A: Approach to solving the question: Step 1: Calculate Proceeds Available for DistributionSouthwestern…
Q: not use ai please
A: Part (a): True Return on Investment (ROI)Initial Costs: You made a down payment and incurred…
Q: You expect to need $60,000 per year for 24 straight years when you retire, and the first annual…
A: Step 1: Calculate the present value of the annuity at Year 39 (when you start receiving payments)The…
Q: Nextera Corp has $842,700 in sales. The profit margin is 7.25 percent and the firm has 18,500 shares…
A: Explanation of Profit Margin: The percentage of sales revenue that remains as profit after deducting…
Q: r O Part 6 of 6 1.7 points [The following information applies to the questions displayed below]…
A: 4. Comparison of Market ExpectationsGiven that Simon's competitor has a P/E ratio of 6, and Simon's…
Q: This is practice for homework, not a graded assignment. As a financial advisor for the Spain…
A: Answer information:Step 1:a.Prepare the construction draw schedule, interest carry, and total loan…
Q: Turnover Gross Profit Extracts from Julie's accounts are shown below Ye-Dec-24 Ye-Dec-23 18,500…
A: Solution- 1. Indirect Cash Flow Statement PreparationAn indirect cash flow statement starts with…
Q: Exercise 2-24 (Algo) Computing net income LO P1 A company had the following assets and liabilities…
A: Equity is calculated as the difference between the assets and liabilities of a company. The net…
Q: 1 med Dickinson Company has $12,180,000 million in assets. Currently half of these assets are…
A: The problem involves the determination of the EPS or the Earnings per Share. Earnings per share…
Q: None
A: Situation OverviewIn 2016, a bank financed the acquisition and re-tenanting of a 105,000-square-foot…
For 2009, Flamingo Products had a net income of $1,000,000. At dec. 2009, there were 800,000 shares outstanding. The company paid $200,000 in interest payments to creditors.
What is Flamingo's basic earnings per share for 2009?
Step by step
Solved in 2 steps
- For 2009, Flamingo Products had net income of $1,000,000. At 1 January 2009, there were 1,000,000 shares outstanding. On 1 July 2009, the company issued 100,000 new shares for $20 per share. Th e company paid $200,000 in dividends to common shareholders. What is Flamingo’s basic earnings per share for 2009? C . $0.95.The 2008 balance sheet of a company showed long-term debt of $4.6 million, $1,740,000 in the common stock account and $4.2 million in the additional paid-in surplus account. The 2009 balance sheet showed long-term debt of $4.9 million, $1,815,000 in common stock account and $4.5 million in the additional paid-in surplus account. The 2009 income statement showed an interest expense of $870,000 and dividends of $590,000. You also know that the firm’s net capital spending for 2009 was $1, 440,000 and the firm’s net working capital was reduced by $95,000. What was the firm’s cash flow to creditors during 2009 and the firms cash flow to stockholders in 2009? What was the firm’s operating cash flow, OCF for 2009? What is the value for FCF?Cisco Systems Inc. reported the following in its income statement for the year ended July 27, 2013: Net income $9,983 million, basic earnings per share of $1.87 and diluted earnings per share of $1.86. How many additional dilutive shares did Cisco include in the diluted EPS for the year?
- Smith Inc. has announced net earnings of $877,500 for this year. The company has 325,660 shares outstanding, and the year-end stock price is $50.48. What are the company’s earnings per share and P/E ratio? a. EPS: $2.69; P/E: 18.77 times b. EPS: $0.37; P/E: 18.77 times c. EPS: $0.37; P/E: 10.55 times d. EPS: $2.69; P/E: 10.55 timesFor 2007, Flamingo Products had net income of $1,000,000. On 1 January 2007, there were 1,000,000 shares outstanding. On 1 July 2007, the company issued 100,000 new shares for $20 per share. The company paid $200,000 in dividends to common shareholders. What is Flamingo ’ s basic earnings per share for 2007? please please answer that please earlyCrane Jewelers management announced that the company had net earnings of $4,356,000 for this year. The company has 1,613,000 shares outstanding, and the year-end stock price is $68.91. What are Crane’s earnings per share and P/E ratio? (Round answers to 2 decimal places, e.g. 12.25)
- During the most recent quarter XYZ Corp had $1.6 million in revenues and 970, 800 in expenses. The company also paid $291,240 in dividends to shareholders. what is the net income for the quarter?Consider the following balance sheet for Go The Distance Trading Cards. Sales were $1,200,000 in the past year. Go The Distance Trading Cards Balance Sheet, 2013: Assets $ Current Assets $74,630.00 Net fixed Assets (Net PPE) $224,900.00 Total Assets $299,530.00 Liabilities and Shareholder Equity Current Liabilities $43,510.00 Long-term liabilities (Long term debt) $93,200.00 Total Liabilities $136,710.00 Shareholder equity $162,820.00 Total Liabilities and Shareholder Equity $299,530.00 What is the debt-to-asset ratio for this firm?The 2017 income statement of Marin Company showed net income of $555,200 and a gain from discontinued operations of $46,400. Marin had 40,000 shares of common stock outstanding all year. Prepare Marin’s income statement presentation of earnings per share. (Round answers to 2 decimal places, e.g. 15.25.)
- Rudolph Corporation showed retained earnings of $400,000 on its balance sheet for 2016. In 2017, the company’s earnings per share (EPS) were $3.00 and its dividends paid per share (DPS) were $1.00. The company has 200,000 shares of stock outstanding. What will be the level of retained earnings on the company’s 2017 balance sheet?For the year ended December 31, 2022, Settles Incorporated earned an ROI of 10.5%. Sales for the year were $9 million, and average asset turnover was 2.1. Average stockholders' equity was $2.8 million. Required: Calculate Settles Incorporated's margin and net income. Note: Round "Margin" answer to 1 decimal place. Enter the net income answer in dollars, i.e., $5 million should be entered as 5,000,000. Calculate Settles Incorporated's return on equity. Note: Round your answer to 1 decimal place.Starbuck Inc. reported EPS of $2.30 for 2013. In 2013 Starbuck had earnings available to common stockholders of $1,380,000. How many outstanding shares of common stock did Starbuck have in 2013?