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Question - Halium Company issued 400,000 $100 6% convertible loan notes on 1 April 2015. The company has in issue 50M $1 ordinary shares. Interest is payable annually in arrears on 31 March each year. The loan notes can be converted to equity shares on the basis of 20 shares for each $100 loan note on March 2018 or redeemed at par for cash on the same date. The debt component of the loan is $37,792M and a similar loan with no conversion right would be at 8% interest. The carrying amount for the loan as at 31 March 2016 is $38,415M with a finance cost of $3.023M. The company's tax rate is 20% and the earnings for the period is $14.327M.
Required - Calculate the diluted EPS for Halium Company for the year ended 31st March 2016.
Laura’s Dress Delivery operates a mail-order business that sells clothes designed for frequent travelers. It had sales of $620,000 in December. Because Laura’s Dress Delivery is in the mail-order business, all sales are made on account. Determine the..
A study has been conducted to determine if one of the departments in MSU Company should be discontinued. The contribution margin in the department is $50,000 per year. Fixed expenses charged to the department are $65,000 per year. It is estimated tha..
Provide an opening balance sheet as of 02nd January 2014 and closing balance 31st December 2014
Describes a disadvantage to using a credit card instead of cash? Interest charges can be associated with credit cards. / You cannot overspend when using credit
35% in stock C, and 15% in stock D The betas for these four stocks are 0.79, 1.23, 1.13 and 1.36, respectively. What is the portfolio beta?
Prepare a multiple-step income statement, a retained earnings statement, and a classified balance sheet and calculate the profit margin ratio and the gross profit rate.
Zinc Co. leased equipment from Helium Company, What is the amount of interest revenue that Helium should record for the year ended December 31, 2018?
How much additional spendable income will each investor have if the business is organized as a partnership rather than as a corporation?
Ballou Corporation distributes $200,000 in cash to its shareholders during the current year. Accumulated earnings and profits at the beginning of the year are $45,000, and current year earnings and profits are $105,000. Buddy owns 80% of n each of th..
the company purchased treasury stock for $ 35,000 and paid dividends on common and preferred stock for $ 24,000. Determine amount of cash provided by or used for financing activities during the year.
Fine Fashions is a fashion-wear retailer for men, Calculate the financial resources invested by Fine Fashions in this cash-conversion cycle.
Compute the gain or loss on the disposal of shares for Chocolate Bhd's financial statements and for the group's consolidated financial statements.
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