How much is the diluted earnings per share

Assignment Help Accounting Basics
Reference no: EM133121538

Question - Buda Corp. had P500,000 net income in 2022. On January 1, 2022, there were 200,000 shares of ordinary outstanding. On April 1, 20,000 shares were issued and on September 1, bought 30,000 shares of treasury share. There are 30,000 options to buy ordinary shares at P40 per share. The market price of the ordinary shares averaged P50 during 2022. The tax rate is 40%.

During 2022, there were 40,000 shares of cumulative preferred stock outstanding. The preferred is P100 par, pays dividend of P3.50 per year, and is convertible into three shares of ordinary.

Buda issued P2,000,000 of 8% convertible bonds at face value during 2021. Each P1,000 bonds is convertible into 30 shares of ordinary. How much is the diluted earnings per share for 2022?

Reference no: EM133121538

Questions Cloud

How should this new partnership allocate future net income : Lewis Huffman has been working for Dewars for the past four years. He now earns a salary of $68,000 per year. How should this new partnership allocate
Finance for managers portfolio assessment : Finance for Managers Individual Portfolio - explain why you chose the two discussion forum topics that you have written about and why you excluded the remaining
Estimate how much would you be willing to pay : Estimate how much would you be willing to pay (rounded to the nearest $) for a 20-year ordinary annuity if the payments are $6,500 per year
Explain the necessary information regarding the investor : Identify and explain the necessary information regarding the investor to be gathered in the planning stage as described in the portfolio management framework of
How much is the diluted earnings per share : Buda issued P2,000,000 of 8% convertible bonds at face value during 2021. How much is the diluted earnings per share for 2022
Money market fund with an average maturity : An investment of $5000 into a money market fund with an average maturity of 30 days offering a current yield of 2.0% per year. How do I calculate what the retur
Bank risk analysis of mr simith cash flows : Mr. Smith considered to purchase a townhouse in Vancouver area. Ms. Angel approached Mr. Smith as a real estate broker to help Mr. Smith to select, negotiate an
Which product should the company emphasize : A contribution margin ratio of 50%. Which product should the company emphasize if machine-hours is a constrained resource
Calculation of the continuation value : (a) Consider the calculation of the continuation value (CV). Suppose FCFT+1 is $225 million regardless of the expected permanent growth rate of free cash flows.

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