User Account

All Pages

Compute diluted earnings per share

Assignment Help Financial Accounting
Reference no: EM132935968

Question - Online Network Inc. has a net income of $640,000 in the current fiscal year. There are 100,000 shares of common stock outstanding, along with convertible bonds, which have a total face value of $1.2 million. The $1.2 million is represented by 1,200 different $1,000 bonds. Each $1,000 bond pays 8 percent interest. The conversion ratio is 20. The firm is in a 30 percent tax bracket.

Required -

a. Compute basic earnings per share.

b. Compute diluted earnings per share.

Reference no: EM132935968

Questions Cloud

Discuss the decline in union power in australia : The organising strategy for building union power relies on associational power and symbolic power. However, O'Brady (2021) international research lead him to ar
Prepare a contribution format income statement : Todrick Company is a merchandiser that reported the following information based on 1,000 units sold: Prepare a contribution format income statement
Participate in heath and wellness program : A company wants to promote a healthy lifestyle and therefore offers its employees a discount in the employee paid portion of their health insurance premiums if
Types of organizational compensation : Define the 7 types of organizational compensation and explain how each type can affect someones future.
Compute diluted earnings per share : The $1.2 million is represented by 1,200 different $1,000 bonds. Each $1,000 bond pays 8 percent interest. Compute diluted earnings per share
Stages of the recruitment and selection process : Google Inc., the world's largest and most popular search engine company, is also one of the most sought-after companies in the world. Due to the popularity of t
Schedule a performance feedback session : An effective performance management system informs top performers of their value, encourages communication between managers and their employees, establishes con
What is Rumolt pretax WACC : In addition, Rumolt has issued bonds with a total current market value of $150 million. What is Rumolt pretax WACC
Why is training evaluation important : Why is training evaluation important? What are the levels of training evaluation?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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