Reference no: EM131013043
Francis Company has 9,600 shares of common stock outstanding at the beginning of 2013. Francis issued 1,200 additional shares on May 1 and 800 additional shares on September 30. It also has two convertible securities outstanding at the end of 2013. These are:
Convertible preferred stock: 1,000 shares of 9.5%, $50 par, preferred stock were issued on January 2, 2010, for $55 per share. Each share of preferred stock is convertible into 2 shares of common stock. Current dividends have been declared and paid. To date, no preferred stock has been converted.Convertible bonds: Bonds with a face value of $100,000 and an interest rate of 6.5% were issued at par in 2012. Each $1,000 bond is convertible into 25 shares of common stock. To date, no bonds have been converted.
Francis earned net income of $50,000 during 2013. The income tax rate is 30%.
1. Calculate basic earnings per share for 2013, round to the nearest cent.
2. Calculate diluted earnings per share for 2013 and the incremental EPS of the preferred stock and convertible bonds. If required, round your answers to the nearest cent.
4b. Show how the basic EPS you calculated should be reported to shareholders. You do not have to calculate diluted EPS.
|
When inflation is not considered
: a. When inflation is not considered. b. When inflation is considered
|
|
Calculate internal forces and moments acting on right half
: Calculate the internal forces and moments acting on the right half of a cut at a plane 24 in from the tip of the cantilever for the loading shown. Use the coordinate system indicated below (positive in the labelled direction) and the right-hand-ru..
|
|
Determine which varieties are different
: The file 'Trees.csv' contains diameter measurements (inches) of 7 varieties of trees, labeled 'T1' through 'T7'. Test to see whether the varieties are significantly different. If they are, multiple comparisons to determine which varieties are diff..
|
|
Find all of the critical numbers of the given function
: Explain why the approximation (1.01)6 ≈ 1.06 is reasonable. Find all of the critical numbers of the function f(x) = |sin(πx/2)|
|
|
Show how the basic eps you calculated should be reported
: Calculate diluted earnings per share for 2013 and the incremental EPS of the preferred stock and convertible bonds. If required, round your answers to the nearest cent.
|
|
In your own words define standard deviation
: The standard deviation is one of the most important concepts in the area of statistics. In your own words, define standard deviation. Give an example of how you have used the concept of standard deviation in your life
|
|
Show that the area under the curve is infinite
: Show that the area under the curve is infinite. Show that the volume of the solid of revolution enclosed by the curve is finite, and compute it. [This solid of revolution is known as Gabriel's Horn.]
|
|
Jess transfers the note for value to pam
: Gil makes out a $900 negotiable promissory note payable to Ben. By special indorsement, Ben transfers the note for value to Jess. By blank indorsement, Jess transfers the note for value to Pam.
|
|
Which one of the following prolog programs
: Which one of the following prolog programs correctly implement "if G succeeds then execute goal P else execute goal q ?"(A) if-else (G, P, q) :- !, call(G), call(P).if-else (G, P, q) :- call(q).
|