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
Price discrimination is possible when a firm is able to​ ______.
irina1246 [14]

Answer:

d. identify and separate different types of​ buyers, and sell a product that cannot be resold

Explanation:

Segmenting the market into different groups is a way to charge varying prices. Each group has their own demand curve.

4 0
3 years ago
Read 2 more answers
During the adjusting process two transactions were missed. The first is for unearned rent revenue of which $450 was earned durin
masya89 [10]

Answer:

3. net income is understated by $175

Explanation:

There were two transactions omitted. The first transaction is unearned rent revenue of which $450 was earned. This earned rent revenue increases income by $450. While the second transaction was accrued interest payable of which $275 is owed. This interest payable increases liabilities by $275.

Therefore, from the above, income or revenue is understated by $450, while expenses is understated by $275.

Therefore, net income is understated by income less expenses, thus 450 - 275 = $175. This also implies that liabilities are overstated by $175.

4 0
3 years ago
The safest action to take if someone claiming to be from your bank calls you to ask for account information is to
mezya [45]
Call them and tell them to not do it, if they don't listen, call the police...simple...
8 0
3 years ago
Which of the following is not an indicator of the business cycle?
Svetach [21]
D Bc it is d is why it is d is correct
4 0
3 years ago
Associated Breweries is planning to market alcohol-free beer. To finance the venture it proposes to make a rights issue at $10 o
Tomtit [17]

Answer:

Number of new shares:

= 100,000×(1÷2)

= 50,000

Amount of new investment:

= 50,000×$10

= $500,000

Total value of company after issue:

= $500,000+100,000×$40

= $4,500,000

Total number of shares after issue:

= 100,000+50,000

= 150,000

Share price after issue:

= $4,500,000÷150,000

= $30

3 0
3 years ago
Read 2 more answers
Other questions:
  • A company's interest expense is $15,000. Its income before interest expense and income taxes is $86,250. Its net income is $31,9
    12·2 answers
  • A customer paying $100 for a service with a credit card would be a debit to which account?
    13·2 answers
  • Which of the following best describes the main difference between B2B and B2C transactions? B2B transactions involve transaction
    12·1 answer
  • In times of falling prices, choosing LIFO over FIFO as an inventory cost method would affect the financial statements as follows
    13·1 answer
  • In the country of Wiknam, the velocity of money is constant. Real GDP grows by 3 percent per year, the money stock grows by 8 pe
    9·1 answer
  • Beverly Company has determined a standard variable overhead rate of $1.25 per direct labor hour and expects to incur 1 labor hou
    8·1 answer
  • Kenesha Co. reported income before interest expense and income taxes of $30,000; interest expense of $3,000; and income taxes of
    6·1 answer
  • Violet is putting together a cross-functional team to do a high-level analysis of the organizational structure. She explains to
    10·1 answer
  • Which of the following is true of a matrix organizational structure? A matrix organizational structure is hierarchical, but inst
    8·1 answer
  • Has anybody took financial literacy on edmentum? Please reply to this.
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!