Prince corp has the following prince corporation had the following balance sheet on december 31, 2017: current 1iabilities convertible bonds ($ 1,000 par, 4%) common stock ($ 1 par, 100,000 shares issued) additional paid-in-capital retained earnings treasury stock (9,000 shares) total liabilities & equity $545,800 4,900,000 100,000 1,000,00e 2,900,090 360,0e0) $ 7,285,000 the convertible bonds were issued at par on april 1, 2017, and are convertible into prince corp. common stock at a ratio of 25 shares of stock to 1bond. prince did not have any treasury stock on december 31, 2016, and purchased the 9,000 shares evenly throughout 2017. on january 1, 2018, prince corp. purchased an additional 6,000 shares of treasury stock at a price of $ 45 per share. these were the only treasury shares repurchased during 2018 prince corp. also has 60,000 outstanding and exercisable qualified employee stock options. employees obtain one share of prince corp. common stock for each option exercised. the exercise price of each option is $21 per share, and during 2018, the average share price of prince corp. common stock was $40 per share prince's net income for the year ending december 31, 2018 was $ 293,250, and their tax rate for the year was 35% required 1. compute basic eps for the year-ending dec. 31, 2018. show all calculations. 2. compute diluted eps for the year-ending dec. 31, 2018. show all calculations

During january 2018, the following transactions occur: january 1 purchase equipment for $20,600. the company estimates a residual value of $2,600 and a five-year service life. january 4 pay cash on accounts payable, $10,600. january 8 purchase additional inventory on account, $93,900. january 15 receive cash on accounts receivable, $23,100 january 19 pay cash for salaries, $30,900. january 28 pay cash for january utilities, $17,600. january 30 firework sales for january total $231,000. all of these sales are on account. the cost of the units sold is $120,500. the following information is available on january 31, 2018. depreciation on the equipment for the month of january is calculated using the straight-line method. the company estimates future uncollectible accounts. at the end of january, considering the total ending balance of the accounts receivable account as shown on the general ledger tab, $4,100 is now past due (older than 90 days), while the remainder of the balance is current (less than 90 days old). the company estimates that 50% of the past due balance will be uncollectible and only 3% of the current balance will become uncollectible. record the estimated bad debt expense. accrued interest revenue on notes receivable for january. unpaid salaries at the end of january are $33,700. accrued income taxes at the end of january are $10,100

Cynthia is a hospitality worker in the lodging industry who prefers to cater to small groups of people. she might want to open a

Fred smithers, a recent college graduate decided to open his own portable juice bar, smithers smoothies, to wheel around newport beach. you, a trusted friend of fred, are a business major that has also recently graduated and agreed to handle the books for a while to get some practical experience and have a favor that you can ask of fred in the future. given the following five transactions concerning the new venture, prepare the necessary journal entries for the transactions, post the journal entries to appropriate t accounts and prepare a trial balance as of the end of the month in order to answer to the necessary may 2: fred invests $12,000 of his own money to start the new company. this money was obtained from a part-time job working at a legal firm while he was in school. may 3: fred spent $5,100 cash to purchase a refrigerated trailer that he can pull behind his car and set up at the beach. under your advice, fred agrees to place the new asset under an account called "equipment." may 6: fred bought $640 of supplies on account from the flav-o-rite confectioners company. because they will last longer than a single accounting period fred agrees to record them as, "supplies" as per your suggestion. may 13: fred sat on the beach for six hours without a single sale and was feeling very down. right before he left, however, a plumber escorting his family reunion along the beach stopped by his stand and bought $800 worth of smoothies for the entire family. under your advice, fred agrees to call this cash revenue, "sales." may 15: excited about his new venture, fred withdraws $350 from the company to take his girlfriend out to dinner. what would be the balance in the cash account at the end of the period following the posting of all the transactions?