On january 1, 2018, tonge industries had outstanding 620,000 common shares ($1 par) that originally sold for $20 per share, and 7,000 shares of 10% cumulative preferred stock ($100 par), convertible into 70,000 common shares. on october 1, 2018, tonge sold and issued an additional 20,000 shares of common stock at $38. at december 31, 2018, there were 27,000 incentive stock options outstanding, issued in 2017, and exercisable after one year for 27,000 shares of common stock at an exercise price of $35. the market price of the common stock at year-end was $53. during the year, the price of the common shares had averaged $45. net income was $760,000. the tax rate for the year was 40%. required: compute basic and diluted eps for the year ended december 31, 2018. (enter your answers in thousands.)
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Business, 22.06.2019 14:30
Bridge building company estimates that it will incur $1,200,000 in overhead costs for the year. additionally, the company estimates 50,000 direct labor hours will be spent building custom walking bridges for the year at a total direct labor cost of $600,000. what is the predetermined overhead rate for bridge building company if direct labor costs are to be used as an allocation base?
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Business, 23.06.2019 00:40
Assume the total cost of a college education will be $250,000 when your child enters college in 17 years. you presently have $69,000 to invest. what annual rate of interest must you earn on your investment to cover the cost of your child’s college education? (do not round intermediate calculations. enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
Answers: 2
Business, 24.06.2019 02:20
In the game of economics, producers look to technological improvements to increase which of the following? a. wages b. inventory c. consumption d. productivity
Answers: 2
On january 1, 2018, tonge industries had outstanding 620,000 common shares ($1 par) that originally...
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