Stanley department stores reported net income of $720,000 for the year ended december 31, 2018. additional information: common shares outstanding at jan. 1, 2018 80,000 incentive stock options (vested in 2017) outstanding throughout 2018 24,000 (each option is exercisable for one common share at an exercise price of $37.50) during the year, the market price of stanley’s common stock averaged $45 per share. on aug. 30 stanley sold 15,000 common shares. stanley’s only debt consisted of $50,000 of 10% short term bank notes. the company’s income tax rate is 40%. required: compute stanley’s basic and diluted earnings per share for the year ended december 31, 2018.

Your parents have accumulated a $170,000 nest egg. they have been planning to use this money to pay college costs to be incurred by you and your sister, courtney. however, courtney has decided to forgo college and start a nail salon. your parents are giving courtney $20,000 to her get started, and they have decided to take year-end vacations costing $8,000 per year for the next four years. use 8 percent as the appropriate interest rate throughout this problem. use appendix a and appendix d for an approximate answer, but calculate your final answer using the formula and financial calculator methods. a. how much money will your parents have at the end of four years to you with graduate school, which you will start then?

Select the correct answer the smith family adopted a child. the adoption procedure took about three months, and the family incurred various expenses. will the smiths receive and financial benefit for the taxable year? a) they will not receive any financial benefit for adopting the child b) their income tax component will decrease c) they will receive childcare grants d) they will receive a tax credit for the cost borne for adopting the child e) they will receive several tax deductions

You estimate that your cattle farm will generate $0.15 million of profits on sales of $3 million under normal economic conditions and that the degree of operating leverage is 2. (leave no cells blank - be certain to enter "0" wherever required. do not round intermediate calculations. enter your answers in millions.) a. what will profits be if sales turn out to be $1.5 million?