User Account

All Pages

What is the diluted earnings per share for burke company

Assignment Help Financial Accounting
Reference no: EM132885145

Problem 1: On January 1, 2020, Burke Company issued 15-year, $1,500,000 face value, 5% bonds, at par. Each $1,000 bond is convertible into 30 shares of Burke common stock. Burke's net income in 2020 was $142,000, and its tax rate was 30%. The company had 50,000 shares of common stock outstanding throughout 2020. None of the bonds were converted in 2020. What is the diluted earnings per share for 2020? Round to nearest cent.

A) $2.05
B) $2.84
C) $1.49
D) None of the above

Reference no: EM132885145

Questions Cloud

Elements of an organizational culture : An ethical organizational culture creates an environment in which to structure behavior that is then evaluated by stakeholders. The key elements of an organizat
Which financial statement would potential investor primarily : In analyzing a company's financial statements, which financial statement would a potential investor primarily use to assess the company's profitability?
Compute the amount of premium to be amortized on July : On January 1, 2017, $50,000 of 20-year, 6 percent debentures were issued for $56,275.20. Compute the amount of premium to be amortized on July
Multilevel systems of organizational learning : Discuss the relationship between the 3 multilevel systems of organizational learning. What should organizations do to facilitate learning at each level?
What is the diluted earnings per share for burke company : What is the diluted earnings per share for 2020? On January 1, 2020, Burke Company issued 15-year, $1,500,000 face value, 5% bonds, at par.
Evaluate level of satisfaction versus engagement : A) What is the difference between job satisfaction and employee engagement? How are motivation and employee engagement related to employee retention?
Lobbying efforts : Students will organize and/or participate in a lobbying effort to promote the enactment and/or implementation of a social policy.
What is the profitability index of a project : What is the PI of a project if the initial costs are $1,582,037 and the project life is estimated as 8 years? The project will produce the same after-tax cash
Create recruitment guidelines and retention strategies : Completing learning activity will help you to create recruitment guidelines and retention strategies and explain why they will appeal to a diverse workforce.

Reviews

Write a Review

Financial Accounting Questions & Answers

  What is the speculative premium on the warrant

What is the speculative premium on this warrant? Hanson Toy Co. has warrants outstanding that allow the holder to purchase 1.5 shares of stock

  Find and prepare the journal entry to record the sale

Davis Enterprises, Inc., Assuming the truck was sold on October 15, 20X5, for $27,000, prepare the journal entry to record the sale.

  Estimate harmonys ending inventory at cost

Under the assumption the store had $1,920,000 af sales during the first quarter of the year, use the gross profit method to estimate its inventory

  Compute the unit product cost for one barbecue grill

Chuck Wagon Grills, Inc., makes a single product—a handmade specialty barbecue grill that it sells for $210. Data for last year’s operations follow: Assume that the company uses absorption costing. Compute the unit product cost for one barbecue grill..

  Show the journals relating to taxation depreciation for year

Financial Position of Timing Limited, Show the journals relating to taxation depreciation for the years ended 30 June 2018 and 30 June 2019.

  General fund expenditures in the fiscal year

Laperia County entered into a capital lease on June 30, 20X8, for equipment to be used by General Fund departments. The capitalizable cost of the leased asset was $200,000. An initial payment of $20,000 was made at the inception of the lease. General..

  Evaluate the financial performance of the partnership

Evaluate the financial performance of the partnership from a partner's perspective. That is, if you were a partner in this firm, would you be satisfied

  How much interest income would be recognized

How much interest income would be recognized for the 20X5 calendar year, for a $1,000, 5-year, 6% bond that was purchased for $960 on July 1, 20X4?

  Calculate under armours receivables turnover

Looking at the same note, what was Under Armour's allowance for doubtful accounts in 2009 and 2008 and was a larger percentage of the gross accounts receivable considered uncollectible at December 31, 2008 or 2009?

  Determine total production cost per unit for each product

Using direct labor hours as the basis for assigning overhead costs, determine total production cost per unit for each product line.

  What is the depreciation expense of the building for year

The original life and changed the salvage value to P7,000,000. What is the depreciation expense of the building for the year ended December 31, 2015?

  What is the amount of the monthly payments

The annual interest rate on the loan is 19.87 percent of the unpaid balance. What is the amount of the monthly payments

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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