Calculate diluted eps for the company

Assignment Help Accounting Basics
Reference no: EM133360793

Question: Glamazon Inc, a cosmetic conglomerate that reports under IFRS. Their financial information is as follows:

Net income attributable to the common shareholders for the fiscal year was $3,600,000.
The weighted average of common shares outstanding for the fiscal year was 2,200,000 common shares.
Last year, the company issued 500,000 employee stock options that vest in 3 years from the date of grant. They each have an exercise price of $28.00 and the average share price during the year was $25.00. The share price at the end of the year is $30.00.
Last year, the company issued $4,000,000, 13%, 10-year convertible bonds. Each $1,000 of the bond is convertible into 45 common shares at the request of the shareholder.

The corporate tax rate for the company is 25%.

Calculate diluted EPS for the company.

Reference no: EM133360793

Questions Cloud

Currently taking prescribed medicine for blood thinning : A client presents for blood collection and does not inform the collection staff that they are currently taking a prescribed medicine for blood thinning
Define analytics and what is descriptive analytics : Define analytics. What is descriptive analytics? What are the various tools that are employed in descriptive analytics? How is descriptive analytics different
Which you will continue to integrate evidence : Discuss why EBP is an essential component of the practice of a BSN-prepared RN. Identify two ways in which you will continue to integrate evidence
Discuss the broad ethics that you have garnered from : Discuss the broad ethics that you have garnered from reviewing the American Computing and Machinery (ACM) -- Ethics ACM or other formal codes of ethics.
Calculate diluted eps for the company : The corporate tax rate for the company is 25% Calculate diluted EPS for the company - Glamazon Inc, a cosmetic conglomerate that reports under IFRS
What will be your source of revenue : BUSI 1307 Cedar Valley College What will be your source of revenue? What type of account will you place it in and why? How long will it take you to meet
Integrate patient preferences : Why is it the important to integrate patient preferences and values with clinician expertise as a part of evidence-based decision making?
Should ds mirr be based on its own 4-year : Should Ds MIRR be based on its own 4-year life or on the longer lives of the comparison projects? Based on these criteria, which foreign aid project
Design an algorithm : The operation ????????????????????????????????(h) converts a minimum heap into a maximum heap. Design an algorithm of ???????????????????????????????? that runs

Reviews

Write a Review

Accounting Basics Questions & Answers

  What is the balance of the allowance for doubtful accounts

As an interim measure, Rickard Manufacturing Inc., What is the balance of the allowance for doubtful accounts for Rickard as at November 30, 20X5?

  Prepare kelly and chanelle tax return form

Prepare Kelly and Chanelle's tax return Form 1040 and Schedules A, B, C, D, and SE for the current year. Thurston Co. was declared bankrupt during current year

  Fermentation the grape juice by variety is fermented in

peter catalanos verde vineyards in oakville california produces three varieties of wine merlot viognier and pinot noir.

  Evaluate the medical claim

Consider that the Millers' adjusted gross income was $50,000, how much of a medical expense deduction may the Millers claim on their joint return

  The company installs machinery in the mine costing

On April 2, 2013, Montana Mining Co. pays $ 3,721,000 for an ore deposit containing 1,525,000 tons.

  Prepare events including recording adjusting transactions

When a company uses special journals, the general journal is used for selected transactions and events including Recording adjusting transactions.

  Calculate the break even volume for both technologies

A firm in its plans for a new facility is considering two production technologies, A and B. Technology A involves higher variable costs techniques; technology B relies on higher fixed cost production techniques.

  How is the moving expense deduction computed

How is the moving expense deduction computed? How do you compute the allowable medical expenses

  Show computations using the total-cost approach

Assume that Professor Martinas requires a 12% rate of return. Would you recommend he keep or sell the property? Show computations using the total-cost approach.

  Capital structure in balance

If the company follows the residual dividend policy, how much net income must it earn to meet its capital requirements, pay the dividend, and keep the capital structure in balance?

  Sam weller is thinking of investing 90000 to start a

sam weller is thinking of investing 90000 to start a bookstore. sam plans to withdraw 23000 from the business at the

  Compute the cash received from the sale of the equipment

Ford Company reports depreciation expense of $40,000 for Year 2. Compute the cash received from the sale of the equipment

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd