Reference no: EM131021982
At January1,2013 Myco Corporation had outstanding the following securities: $1,000,000, 5% cumulative convertible preferred shares,$50 par; each share is convertible into 2 shares of common stock. 7% convertible bonds, $2,000,000 face value issued at par ($1,000) per bond. Each bond is convertible into 30 shares of common stock $6,000,000 common stock, $10 par value Additional information: a. On April 1, 2013, Myco purchased 100,000 shares of its common stock as treasury stock. b. June 30, 2013, Myco issued a 4%stock dividend c. On October 31, 2013, 50,000 shares of treasury stock were sold. d. Common stock option outstanding as of 12/31/12 and exercisable in 2013 to purchase 40,000shares at an exercise price of $30 e. The market price of the stock peaked on October 31,2013 at $50 an on December 31, 2013 the market price of the stock closed at $30,; the average market price of stock during 2013 was $40 f. Net income for the year ended December 31, 2013 was $1,500,000 g. The income tax rate for 2013 was 40% Required: 1.Compute Myco ‘s basic earnings per share for the year ended December 31, 2013. 2. Compute Myco’s diluted earnings per share for the year ended December 31, 2013. Note do not weight any assumed conversion of stock options.
|
How would this affect the investigation
: Discuss 3 advantages and/or disadvantages of using forensic tools during an investigation? You may discuss any combination of advantages and disadvantages, but you must discuss 3.
|
|
What good does mary have the comparative advantage
: What good does Mary have the comparative advantage in production? Explain your answer for full credit. In the space below draw the joint production possibility frontier for Mary and Susan. Measure correspondence (C) on the vertical axis and make su..
|
|
Please research this question and provide a response
: Determine how Netflix, Inc. got its initial financial start in terms of debt (liabilities) or equity (capital). Support your response.
|
|
How much would you have with quarterly compounding
: Butcher Credit Bank is offering 6% compounded monthly on its savings accounts. If you deposit $4,000 today, how much will you have in five years? How much would you have with quarterly compounding?
|
|
Weight any assumed conversion of stock options
: At January1,2013 Myco Corporation had outstanding the following securities: $1,000,000, 5% cumulative convertible preferred shares,$50 par; each share is convertible into 2 shares of common stock. 7% convertible bonds, $2,000,000 face value issued at..
|
|
Loan with annual payments at the end of the year
: Al borrows $7000 from Sue. He will repay the loan with annual payments at the end of the year. Payments are $1000, 2000, etc. plus a small final payment one year after the last regular payment. The rate of discount is 8% convertible quarterly. Find t..
|
|
What stakeholders will be affected by your decision
: Assume that you are a technology services provider and you must decide whether to record revenue from the installation of computer software for one of your clients.
|
|
About the dollar return
: You purchased 330 shares of a particular stock at the beginning of the year at a price of $75.93. The stock paid a dividend of $1.25 per share, and the stock price at the end of the year was $82.44. What was your dollar return on this investment?
|
|
Find the values of af - rin and rout
: It is required to derive expressions for Af ≡Vo/Is, Rin , and Rout . Assume that C1 and C2 are sufficiently small that their loading effect on the basic amplifier can be neglected. Also neglect ro. Find the values of Af , Rin , and Rout for the ca..
|