Reference no: EM132957817
Question - During 2021, Thompson Company had the following two classes of stock issued and outstanding for the entire year:
250,000 of ordinary shares, P100 par
100,000 of 12% cumulative preference shares, P100 par, convertible share for share into ordinary shares
Thompson's 2021 net income was P9,000,000, and its income tax rate for the year was 30%.
No dividends were declared or paid during the year.
Required - Provide answer and solutions.
1. What amount shall be used as a numerator for net income?
2. What is the basic earnings per share?
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Estimate the changes in operating cash flow
: Annual EBITDA is $1.3 million (increase by $0.8 million compared to old machine) Estimate the changes in operating cash flow (OCF) of the first year
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What is the amount of depreciation recorded for this truck
: With a cost of $160,000 and zero residual value, the truck was driven 36,800 miles last year. What is the amount of depreciation recorded for this truck
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How far was he from the fence post
: As he passes the pine tree, he notes that his speed is 1.20 m/s. How far was he from the fence post when he started from rest
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How was net income in october affected by these entries
: The accountant made entries to record the transactions on October 1 and the adjustments on October 31. How was Net Income in October affected by these entries
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What amount shall be used as a numerator for net income
: 100,000 of 12% cumulative preference shares, P100 par, convertible share for share into ordinary shares. What amount shall be used as a numerator for net income
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Conduct a sensitivity analysis
: Conduct a sensitivity analysis showing how sensitive the project is to revenues, the resale value of the land and to the required rate of return
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Determine the dimensions of the enclosure
: If the pine board fencing costs $7/running foot and the steel fencing costs $4/running foot, determine the dimensions of the enclosure
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Indicate the effect each separate transaction
: Indicate the effect each separate transaction has on investing cash flows. (Amounts to be deducted should be indicated with a minus sign.)
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How much money will there be in the account at the end
: If all goes as planned and no withdrawals are made, how much money will there be in the account at the end of three (3) years
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