Reference no: EM131924922
Question: In 2016, Marigold Enterprises issued, at par, 60 $1,000, 8% bonds, each convertible into 100 shares of common stock. Marigold had revenues of $18,600 and expenses other than interest and taxes of $8,200 for 2017. (Assume that the tax rate is 40%.) Throughout 2017, 2,300 shares of common stock were outstanding; none of the bonds was converted or redeemed.
(a) Compute diluted earnings per share for 2017. (Round answer to 2 decimal places, e.g. $2.55.) Earnings per share $
(b) Assume the same facts as those assumed for part (a), except that the 60 bonds were issued on September 1, 2017 (rather than in 2016), and none have been converted or redeemed. Compute diluted earnings per share for 2017. (Round answer to 2 decimal places, e.g. $2.55.) Earnings per share $
(c) Assume the same facts as assumed for part (a), except that 20 of the 60 bonds were actually converted on July 1, 2017. Compute diluted earnings per share for 2017. (Round answer to 2 decimal places, e.g. $2.55.) Earnings per share $
What was the net new long-term debt
: During 2015, Rainbow Umbrella Corp. had sales of $850,000. Cost of goods sold, administrative and selling expenses, and depreciation expenses were $610,000.
|
What is sheryl tax liability for the year
: In 2016, Sheryl is claimed as a dependent on her parents' tax return. Her parents' ordinary income marginal tax rate is 35 percent.
|
Describe type of forecast used along with impact forecast
: Describe the type of forecast used along with the impact the forecast had on organizational decisions. You must post the annotation in the reference section.
|
Compute landon self-employment tax liability
: In 2016, Landon has self-employment earnings of $195,000. Compute Landon's self-employment tax liability and the allowable income tax deduction.
|
Compute diluted earnings per share
: In 2016, Marigold Enterprises issued, at par, 60 $1,000, 8% bonds, each convertible into 100 shares of common stock. Marigold had revenues of $18,600.
|
How you would apply your theory-based behavior change
: Coordinated and collaborative efforts to reduce health disparities require culturally appropriate strategies to create the changes necessary to improve.
|
Find end-of-year balance for net operating working capital
: The 2015 income statement for Duffy's Pest Control shows that depreciation expense was $200 million, EBIT was $510 million, and the tax rate was 35 percent.
|
What processes and procedures would you implement
: What processes and procedures would you implement to maximize the efficiency and minimize the costs of the transportation portion of your company's supply chain
|
How cultural factors influence sexual behaviors
: Describe in 1-2 pages how cultural, social, and ethical factors influence sexual behaviors within the population.
|