For 2012, Flamingo Products had net income of $1,000,000. At 1 January 2012, there were 1,000,000 shares outstanding. On 1 July 2012, 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 2009?

Earnings per share = 0.95

Explanation:

We know,

Earnings per share = (Net Income - Prefer Dividend) ÷ Number of weighted average outstanding share.

Given,

Net Income = $1,000,000

Prefer Dividend = 0

Number of weighted average outstanding share =

January 1 2012 =  1,000,000 × 12/12 = 1,000,000 Shares

July 1 2012 = 100,000 × 6/12 =             50,000 Shares

Number of weighted average outstanding share  = 1,050,000 Shares

Putting the value into the formula we can get that,

Earnings per share = (Net Income - Prefer Dividend) ÷ Number of weighted average outstanding share.

or, Earnings per share = ($1,000,000 - 0) ÷ 1,050,000

or, Earnings per share = $1,000,000 ÷ 1,050,000

or, Earnings per share = 0.95

the famous singer stefani joanne angelina germanotta is welly known as lady gaga

being suspected of supplying drugs means you are much more likely to be charged. the amount of drugs found on you, and whether you have a criminal record, will be taken into account when a punishment is being decided.

decisions to prosecute are taken by the public prosecution service. the maximum sentences for intent to supply drugs are: