Answer:
169,000
Explanation:
Calculation to determine what The number of shares to be used in computing diluted earnings per share for the quarter is:
First step is to calculate the amount assumed to be exercised
Exercised amount= 30,000*$7 / $15avg
Exercised amount= 14,000
Second step is to calculate the Net
Net=30,000-14,000
Net= 16,000
Now let calculate The number of shares to be used in computing diluted earnings per share
Using this formula
Number of shares=Outstanding+Net
Let plug in the formula
Number of shares=153,000 +16,000
Number of shares= 169,000
*diluted eps=$28,000 /169,000
Therefore The number of shares to be used in computing diluted earnings per share for the quarter is: 169,000
Answer:
$57.69 per share
Explanation:
The computation of the stock price per share immediately after issuing the debt but prior to the repurchase is shown below
Price per share = Value of equity ÷ number of Shares
where,
Value of equity is
= Value of operations + T-bills value - Debt value
= $576,923 + $259,615 - $259,615
= $576,923
And, the number of shares is 10,000 shares
So, the price per share is
= $576,923 ÷ 10,000 shares
= $57.69 per share
We simply applied the above formula
Answer:
$7,500,000 in 8% bonds, 5 years to maturity, semiannual coupon ($300,000)
sold at premium for $7,740,000
the journal entry to record the issuance should be:
Dr Cash 7,740,000
Cr Bonds payable 7,500,000
Cr Bond premium 240,000
<u>Using the straight line amortization:</u>
amortization per coupon payment = $240,000 / 10 coupons = $24,000
Dr Interest expense 276,000
Dr Bond premium 24,000
Cr Cash 300,000
Business formation is also known as: a business attraction
