Homework Answers
| Revenue | $70,400 | |
| -Expenses | -$36,400 | |
| PBIT | $34,000 | |
| -Interest @ 9% p.a | -$1,125 | =50000*9%*3/12 |
| PBT | $32,875 | |
| -Tax @ 20% | -$6,575 | |
| PAT | $26,300 | |
| +After Tax Interest | $900 | =1125*80% |
| Profit for Diluted EPS | $27,200 | |
| /No. of shares for Diluted EPS | 3050 | =1800+(5000*3/12) |
| Diluted EPS | $8.92 |
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Kieso, Intermediate Accounting, 12CE, Volume 2 Help System Announcements PRINTER VERSION BACK NEX In 2019, Carla...
ley PLUS levDIII Kiese, Intermediate Accounting, 12CE, Volume 2 Help System Announcements PRINTER VERSION BACK NEX...
ley PLUS levDIII Kiese, Intermediate Accounting, 12CE, Volume 2 Help System Announcements PRINTER VERSION BACK NEX Exercise 17-9 (Part Level Submission) HUNT RCES Lab 5 Exercise 17-5 Exercise 17-3 Exercise 17-4 rise 17-1 rose 17-4 (Part In 2019, Carla Vista Ltd. issued $50,000 of 9% bonds at par, with each $1,000 bond being convertible into 100 common shares. The company had revenues of $70,400 and expenses of $16,400 for 2020, not including interest and taxes (assume a tax rate of...
PRINTER VERSION BACK NEXT Exercise 17-9 (Part Level Submission) In 2019, Carla Vista Utd, issued $50,000...
PRINTER VERSION BACK NEXT Exercise 17-9 (Part Level Submission) In 2019, Carla Vista Utd, issued $50,000 of 9% bonds at par, with each $1,000 bond being convertible into 100 common shares. The company had revenues of $70,100 and expenses of $36,100 TO 2020, not including interest and taxes (assume a tax rate of 20%). Throughout 2020, 1,800 common shares were outstanding, and none of the bonds were converted or redeemed. (For simplicity, assume that the convertible bonds' equity element is...
Exercise 17-9 (Part Level Submission) In 2019, Blossom Ltd. issued $46,000 of 7% bonds at par,...
Exercise 17-9 (Part Level Submission) In 2019, Blossom Ltd. issued $46,000 of 7% bonds at par, with each $1,000 bond being convertible into 100 common shares. The company had revenues of $79,800 and expenses of $43,300 for 2020, not including interest and taxes (assume a tax rate of 20%). Throughout 2020, 1,800 common shares were outstanding, and none of the bonds were converted or redeemed. (For simplicity, assume that the convertible bonds' equity element is not recorded.) v (a) Calculate...
n 2019, Carla Enterprises issued, at par, 60 $1,000, 8% bonds, each convertible into 100 shares...
n 2019, Carla Enterprises issued, at par, 60 $1,000, 8% bonds, each convertible into 100 shares of common stock. Carla had revenues of $19,000 and expenses other than interest and taxes of $9,500 for 2020. (Assume that the tax rate is 20%.) Throughout 2020, 2,200 shares of common stock were outstanding; none of the bonds was converted or redeemed. (a) Compute diluted earnings per share for 2020. (Round answer to 2 decimal places, e.g. $2.55.) Earnings per share $ (b)...
In 2019, Ivanhoe Ltd. issued $52,000 of 7% bonds at par, with each $1,000 bond being...
In 2019, Ivanhoe Ltd. issued $52,000 of 7% bonds at par, with each $1,000 bond being convertible into 100 common shares. The company had revenues of $70,200 and expenses of $39,500 for 2020, not including interest and taxes (assume a tax rate of 20%). Throughout 2020, 1,000 common shares were outstanding, and none of the bonds were converted or redeemed. (For simplicity, assume that the convertible bonds’ equity element is not recorded.) Calculate diluted earnings per share for the year...
Exercise 17-9 (Part Level Submission) In 2019, Blossom Ltd. issued $46,000 of 7% bonds at par,...
Exercise 17-9 (Part Level Submission) In 2019, Blossom Ltd. issued $46,000 of 7% bonds at par, with each $1,000 bond being convertible into 100 common shares. The company had revenues of $79,800 and expenses of $43,300 for 2020, not including interest and taxes (assume a tax rate of 20%). Throughout 2020, 1,800 common shares were outstanding, and none of the bonds were converted or redeemed. (For simplicity, assume that the convertible bonds' equity element is not recorded.) v (a) Calculate...
X] your answer is incorrect. Try again. In 2019, Larkspur Enterprises issued, at par, 60 $1,000,...
X] your answer is incorrect. Try again. In 2019, Larkspur Enterprises issued, at par, 60 $1,000, 8% bonds, each convertible into 100 shares of common stock. Larkspur had revenues of $18,200 and expenses other than interest and taxes of $7,900 for 2020. (Assume that the tax rate is 20%.) Throughout 2020, 1,600 shares of common stock were outstanding; none of the bonds was converted or redeemed. (a) Compute diluted earnings per share for 2020. (Round answer to 2 decimal places,...
In 2019, Buffalo Enterprises issued, at par, 60 $1,000, 8% bonds, each convertible into 100 shares...
In 2019, Buffalo Enterprises issued, at par, 60 $1,000, 8%
bonds, each convertible into 100 shares of common stock. Buffalo
had revenues of $18,200 and expenses other than interest and taxes
of $7,900 for 2020. (Assume that the tax rate is 20%.) Throughout
2020, 1,600 shares of common stock were outstanding; none of the
bonds was converted or redeemed.
(a) Compute diluted earnings per share for 2020.
(Round answer to 2 decimal places, e.g.
$2.55.)
Earnings per share
$
(b)...
In 2019, Stellar Enterprises issued, at par, 60 $1,000, 9% bonds, each convertible into 100 shares...
In 2019, Stellar Enterprises issued, at par, 60 $1,000, 9%
bonds, each convertible into 100 shares of common stock. Stellar
had revenues of $17,600 and expenses other than interest and taxes
of $7,200 for 2020. (Assume that the tax rate is 20%.) Throughout
2020, 2,200 shares of common stock were outstanding; none of the
bonds was converted or redeemed.
(a) Compute diluted earnings per share for 2020.
(Round answer to 2 decimal places, e.g.
$2.55.)
Earnings per share
$
(b)...
Current Attempt in Progress In 2019, Bonita Enterprises issued, at par, 60 $1,000,8% bonds, each convertible into 100 s...
Current Attempt in Progress In 2019, Bonita Enterprises issued, at par, 60 $1,000,8% bonds, each convertible into 100 shares of common stock. Bonita had revenues of $18,700 and expenses other than interest and taxes of $8,300 for 2020. (Assume that the tax rate is 20%.) Throughout 2020, 2,000 shares of common stock were outstanding; none of the bonds was converted or redeemed. (a) Compute diluted earnings per share for 2020. (Round answer to 2 decimal places, e.g. $2.55.) Earnings per...
ley PLUS levDIII Kiese, Intermediate Accounting, 12CE, Volume 2 Help System Announcements PRINTER VERSION BACK NEX Exercise 17-9 (Part Level Submission) HUNT RCES Lab 5 Exercise 17-5 Exercise 17-3 Exercise 17-4 rise 17-1 rose 17-4 (Part In 2019, Carla Vista Ltd. issued $50,000 of 9% bonds at par, with each $1,000 bond being convertible into 100 common shares. The company had revenues of $70,400 and expenses of $16,400 for 2020, not including interest and taxes (assume a tax rate of...
PRINTER VERSION BACK NEXT Exercise 17-9 (Part Level Submission) In 2019, Carla Vista Utd, issued $50,000 of 9% bonds at par, with each $1,000 bond being convertible into 100 common shares. The company had revenues of $70,100 and expenses of $36,100 TO 2020, not including interest and taxes (assume a tax rate of 20%). Throughout 2020, 1,800 common shares were outstanding, and none of the bonds were converted or redeemed. (For simplicity, assume that the convertible bonds' equity element is...
Exercise 17-9 (Part Level Submission) In 2019, Blossom Ltd. issued $46,000 of 7% bonds at par, with each $1,000 bond being convertible into 100 common shares. The company had revenues of $79,800 and expenses of $43,300 for 2020, not including interest and taxes (assume a tax rate of 20%). Throughout 2020, 1,800 common shares were outstanding, and none of the bonds were converted or redeemed. (For simplicity, assume that the convertible bonds' equity element is not recorded.) v (a) Calculate...
Exercise 17-9 (Part Level Submission) In 2019, Blossom Ltd. issued $46,000 of 7% bonds at par, with each $1,000 bond being convertible into 100 common shares. The company had revenues of $79,800 and expenses of $43,300 for 2020, not including interest and taxes (assume a tax rate of 20%). Throughout 2020, 1,800 common shares were outstanding, and none of the bonds were converted or redeemed. (For simplicity, assume that the convertible bonds' equity element is not recorded.) v (a) Calculate...
X] your answer is incorrect. Try again. In 2019, Larkspur Enterprises issued, at par, 60 $1,000, 8% bonds, each convertible into 100 shares of common stock. Larkspur had revenues of $18,200 and expenses other than interest and taxes of $7,900 for 2020. (Assume that the tax rate is 20%.) Throughout 2020, 1,600 shares of common stock were outstanding; none of the bonds was converted or redeemed. (a) Compute diluted earnings per share for 2020. (Round answer to 2 decimal places,...
In 2019, Buffalo Enterprises issued, at par, 60 $1,000, 8%
bonds, each convertible into 100 shares of common stock. Buffalo
had revenues of $18,200 and expenses other than interest and taxes
of $7,900 for 2020. (Assume that the tax rate is 20%.) Throughout
2020, 1,600 shares of common stock were outstanding; none of the
bonds was converted or redeemed.
(a) Compute diluted earnings per share for 2020.
(Round answer to 2 decimal places, e.g.
$2.55.)
Earnings per share
$
(b)...
In 2019, Stellar Enterprises issued, at par, 60 $1,000, 9%
bonds, each convertible into 100 shares of common stock. Stellar
had revenues of $17,600 and expenses other than interest and taxes
of $7,200 for 2020. (Assume that the tax rate is 20%.) Throughout
2020, 2,200 shares of common stock were outstanding; none of the
bonds was converted or redeemed.
(a) Compute diluted earnings per share for 2020.
(Round answer to 2 decimal places, e.g.
$2.55.)
Earnings per share
$
(b)...
Current Attempt in Progress In 2019, Bonita Enterprises issued, at par, 60 $1,000,8% bonds, each convertible into 100 shares of common stock. Bonita had revenues of $18,700 and expenses other than interest and taxes of $8,300 for 2020. (Assume that the tax rate is 20%.) Throughout 2020, 2,000 shares of common stock were outstanding; none of the bonds was converted or redeemed. (a) Compute diluted earnings per share for 2020. (Round answer to 2 decimal places, e.g. $2.55.) Earnings per...
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