Compute the basic earnigs and diluted earning per share

Assignment Help Accounting Basics
Reference no: EM131819542

Question - Assume that the following data relate to Rosen, Inc. for the year 2013:

Net income (30%tax rate)...........................................$3,000,000.

Average common shares outstanding 2013...................$1,000,000 shares

10% cumulative convertible preferred stock: Convertible inro 80,000 shares of common ................$1,600,000.

8% convertible bonds; convertible into 75,000 share of common.................$$2,500,000

Stock Options: Excercisable at the option price of $25 per share: Average maket price in 2013, $30---------------------------------84,000 shares

Instructions: Compute (a) basic earnigs per share, and (b) diluted earning per share.

Reference no: EM131819542

Questions Cloud

Calculate a speculator-expecting mexican peso to appreciate : calculate A speculator, expecting Mexican Peso to appreciate in near future, bought five Septhe total $ profits or loss, and % rate of return on equity.
Journalize transaction related to graham disposition of bond : Accounting for bond investments Graham purchased a bond on January 1, 2016, for $140,000. The bond has a face value of $140,000 and matures in 15 years.
Evaluates a polynomial whose coefficients are stored : Given the following function that evaluates a polynomial whose coefficients are stored in an array:
What total loss on trading securities in income statement : What total loss on trading securities should be reported in the income statement for 2017
Compute the basic earnigs and diluted earning per share : Assume that the following data relate to Rosen, Inc. for the year 2013: Compute (a) basic earnigs per share, and (b) diluted earning per share
Performance of the memory access instructions : What will the speedup be if only the performance of the memory access instructions is improved? What will the speedup be if both improvements are made?
How some individuals become terrorists and others do not : Explain within the context of specific criminological, sociological, and psychological theories and dynamics for why and how some individuals become terrorists
How much cash interest will Astra Mile receive each year : Accounting for bond investments Astra Mile & Co. owns vast amounts of Requirements corporate bonds. Suppose Astra Mile buys $1,000,000 of BloomCo bonds at face.
How would the bond investment be classified on league up : Accounting for bond investments League Up & Co. owns vast amounts of corporate bonds. Suppose League Up buys $700,000 of CoteCorp bonds at face value.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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!

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