User Account

All Pages

Calculate the diluted EPS

Assignment Help Financial Accounting
Reference no: EM132788124

Question - In 20x7 Ben Corporation had a basic EPS of $0.75 based on earnings of $150,000 and 200,000 ordinary $1 shares. It also had in issue $50,000 15%convertible loan stock which is convertible in two years' time at the rate of 4 ordinary shares for every $5 of stock. The rate of tax is 25%. Calculate the diluted EPS.

Reference no: EM132788124

Questions Cloud

Calculate the tax results : Calculate the tax results. What if the sales price is $60,000? Provide an explanation for the tax results.
Calculate the thai bhat value of investment proposal : Toshiyuki Matsukawa is production manager for Tanaka Chemicals, a Japanese chemical manufacturer operating throughout Asia. He is considering a proposal
How much is the stock worth : A dividend growth rate of 7% in the past and expects to maintain that indefinitely. How much is the stock worth if you want 12% rate of return?
What concrete examples from history of period can we point : It's interesting to think of "the home" as we see it as a product of the Industrial Revolution. What concrete examples from the history of this period can we.
Calculate the diluted EPS : In 20x7 Ben Corporation had a basic EPS of $0.75 based on earnings of $150,000 and 200,000 ordinary $1 shares. Calculate the diluted EPS
How did the institution of slavery shape the development : How did the institution of slavery shape the development of the American colonies from the earliest British settlement of 1607 through the American Revolution?
What is the bond coupon rate : The bond has 2 years to maturity, pays interest semiannually, and has a yield to maturity of 9%. What is the bond's coupon rate?
Does the IRR rule agree with the NPV rule : The NPV is $4.64 ?million, which is positive so the NPV rule says to accept the project. Does the IRR rule agree with the NPV? rule
What are business uses of life insurance : What are some of the PERSONAL uses of life insurance? How can an individual determine how much life insurance they need?

Reviews

Write a Review

Financial Accounting Questions & Answers

  What is the amount and character of mijo

Mijo, inherited the stock. Mijo sold the stock for $94,255 on November 12, 2020. What is the amount and character of Mijo's gain or loss?

  What would it cost to purchase or access the publication

Can you determine how to obtain a copy of the most recent Codification of Governmental Accounting and Financial Reporting Standards? What would it cost to purchase or access this publication?

  A publicly traded corporation has a defined benefit

a publicly traded corporation has a defined benefit pension plan in place for its employees. under generally

  How much to paid if customer pays before due at list price

List price and another cash discount of 5% if paid in full before the due date. How much is to be paid if a customer pays before due at a list price of P16,000?

  Two firms signed a lease to be capitalized by the lessee

On 1/1/x6 two firms signed a lease to be capitalized by the lessee. The lease calls for annual payments of $4,000 to be made each Dec. 31 during the four year lease. The asset reverts to the lessor at the end of the lease at which time it is expected..

  Find what the amount of the annual net income is

A project that cost $90000 has a useful life. The internal rate of return is 12% and the annual rate of return is 18%. T

  Make a cash budget for the month of july

Make a cash budget for the month of july 2020 using the heading provided. All purchases of stock are paid for one month after the purchase.

  What will be the monthly loan payment

The Brown family is buying a new 3,500-square-foot house in Muncie, Indiana, and will borrow $241,100 from Bank. What will be their monthly loan payment?

  How much is the cost of goods available for sale

If the beginning inventory cost $1.25 per pound, and purchases during 2020 cost $1.50 per pound, how much is the "cost of goods available for sale"

  How is earnings per share calculated

How is earnings per share (EPS) calculated? Why do we calculate diluted EPS? How is EPS used in the price/earnings ratio

  Deposit depletion and mining machinery depreciation

On April 2, 2015, Montana Mining Co. pays $3,721,000 for an ore deposit containing 1,525,000 tons. The company installs machinery in the mine costing $213,500, with an estimated seven-year life and no salvage value. Prepare the December 31, 2015, ent..

  Income statement effects of contemplated transactions

Skysong Company requires additional cash for its business. Skysong has decided to use its accounts receivable to raise the additional cash and has asked you to determine the income statement effects of the following contemplated transactions.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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