Reference no: EM132956896
Problem - In 2019, Oriole Enterprises issued, at par, 60 $1,000, 8% bonds, each convertible into 100 shares of common stock. Oriole had revenues of $18,200 and expenses other than interest and taxes of $7,900 for 2020. (Assume that the tax rate is 20%.) Throughout 2020, 1,600 shares of common stock were outstanding; none of the bonds was converted or redeemed.
(a) Compute diluted earnings per share for 2020.
(b) Assume the same facts as those assumed for part (a), except that the 60 bonds were issued on September 1, 2020 (rather than in 2019), and none have been converted or redeemed. Compute diluted earnings per share for 2020.
(c) Assume the same facts as assumed for part (a), except that 20 of the 60 bonds were actually converted on July 1, 2020. Compute diluted earnings per share for 2020.
|
Discuss the differences between internal and external users
: Discuss the differences between internal and external users of information and their needs and demands on an information system
|
|
Determine the cost of goods sold
: Beginning inventory, January 1: $5,600. The company's gross margin ratio is 15%. Using the gross profit method, determine the cost of goods sold
|
|
Prepare the consolidation entries needed as of December
: Prepare the consolidation entries needed as of December 31, 20X9, to complete a three-part consolidation worksheet
|
|
How many shares does the company have to sell
: BrightStar's underwriters charge a 6.50 percent spread. How many shares does the company have to sell to raise the $22 million
|
|
Compute diluted earnings per share
: Oriole Enterprises issued, at par, 60 $1,000, 8% bonds, each convertible into 100 shares of common stock. Compute diluted earnings per share for 2020
|
|
What is the PROFITABILITY INDEX for the planter project
: The firm's annual weighted average cost of capital for a project of this type is 8.9%. What is the PROFITABILITY INDEX for the planter project
|
|
Compute the equity method balance in QuickPort Investment
: Compute the equity method balance in QuickPort's Investment in NetSpeed, Inc., account as of December 31, 2021
|
|
Calculate GM Italian subsidiary beta
: Italian equity market risk premium (equity return over risk-free): 6.00%. Calculate GM Italian subsidiary beta
|
|
What is the break-even point per month in sales dollars
: Martinez has estimated that fixed costs per month are $306,884 and variable cost per dollar of sales is $0.32. What is the break-even point per month in sales
|