1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
34kurt
3 years ago
6

On April 1, 2018, Owl Co. sold $2,000,000, 5% bonds at par, convertible to 18,000 common stock, but not converted in 2018. In 20

18 Owl reported $600,000 net income, declared no dividends, had a 20% tax rate and 90,000 common shares outstanding all year. What is Owl’s 2018 diluted EPS?
Business
1 answer:
murzikaleks [220]3 years ago
3 0

Answer:$4.44

Explanation:

Net income after tax is $600,00 less 20% =$480,000

Total shares for diluted eps 90,000+18,000= 108,000

Diluted eps= 480,000/108,000

= $4.44

.

You might be interested in
How much of the stuff bought in the madness gets returned shortly after?
babymother [125]

Usually, people will buy 2 or 3 products that function almost the same; after that, they will be returned goods that don't match what they want.

Return of goods can be done in accordance with the terms and a predetermined period of time. In addition, there must be proof of purchase.

Sales returns are receipts of goods by the seller that are returned from the buyer. With a return policy, every item that has been purchased can be returned to the store that sold it as long as it is within the specified time and money equal to the price of the item will be returned.

Reasons for consumers returning goods are generally because they do not fit the size (for example clothing, mattresses, shoes, and others), do not meet expectations or there are similar items that are more attractive and more useful.

Learn more about example of a return transaction here :

brainly.com/question/11794378

#SPJ4

7 0
1 year ago
What is the mean 2019E EV/Revenue multiple in the Online Direct Sales comps group in 2019?
ddd [48]

Answer:

The question is not clear and complete.

Let me explain how you can calculate Enterprise Value (EV) to Revenue Multiple

Explanation:

A Enterprise Value (EV) to Revenue Multiple is used to value a business by dividing its enterprise value by its annual revenue. The formula to calculate the Enterprise Value (EV) to Revenue Multiple is EV/Revenue

EV = Enterprise Value

EV can be denoted as (Equity Value + All Debt + Preferred Shares) – (Cash and Equivalents)

While Revenue = Total Annual Revenue

This can be calculated when we have a share price, shares outstanding, debt, and cash or its equivalence.

8 0
3 years ago
Bedeker, Inc., has an issue of preferred stock outstanding that pays a $6.55 dividend every year in perpetuity. If this issue cu
navik [9.2K]

Answer:

The required rate of return is 7.20%

Explanation:

The price of a share that pays a particular dividend amount in perpetuity is given by the below formula:

price of share=dividend/required rate of return

price of share is $91.00 per share

dividend payable in perpetuity is $6.55

required rate of return is unknown

$91=$6.55/required rate of return

required rate of return =$6.55/$91

                                       =7.20%

to confirm the required of return,I divided the by the required rate of return as shown below:

6.55/0.0.72=$90.97 .approximately $91

That is a way to validate the computed required rate of return

4 0
3 years ago
Are scholarships included in gross income
GarryVolchara [31]

Answer:

Generally, you report any portion of a scholarship, a fellowship grant, or other grant that you must include in gross income as follows: If filing Form 1040 (PDF), include the taxable portion in the total amount reported on the "Wages, salaries, tips" line of your tax return

7 0
4 years ago
Read the statement.
White raven [17]

Answer

The answer would be A.

Explanation:

7 0
3 years ago
Other questions:
  • I want to take a survey of students at my university to find out what proportion like the new bus service on campus. how many wi
    7·1 answer
  • Ue or false: increasing the number of stocks in a portfolio reduces market risk.
    13·1 answer
  • On January 2, 2016, Alpha Company acquired a new machine by signing a 5 year note for $62,000. The estimated service life is eig
    9·1 answer
  • The Coalition of Independent Music Stores, a group of 44 prominent independent record stores in 25 states, operates as a way for
    15·1 answer
  • How has BRICs membership benefited South Africa so far?
    12·1 answer
  • You've bought a new machine for $123,000 to make parts for a computer. You expect to sell product made on with it for $10 per un
    14·1 answer
  • Mutual funds allow the common investor without much initial capital to be able to a strategy not easily employable among stocks
    6·1 answer
  • Mid- and long-term goals are less likely to require adjustments than short-term goals.
    8·1 answer
  • An existing electrical power line needs to have its capacity increased, and this can be done in either of two ways. The first me
    10·1 answer
  • Last year Wei Guan Inc. had $795 million of sales, and it had $265 million of fixed assets that were used at 65% of capacity. In
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!