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WITCHER [35]
2 years ago
15

Ahnberg Corporation had 680,000 shares of common stock issued and outstanding at January 1. No common shares were issued during

the year, but on January 1, Ahnberg issued 300,000 shares of convertible preferred stock. The preferred shares are convertible into 600,000 shares of common stock. During the year Ahnberg paid $180,000 cash dividends on the preferred stock. Net income was $2,152,000.
What were Ahnberg's basic and diluted earnings per share for the year?
Business
1 answer:
liberstina [14]2 years ago
8 0

Answer:

EPS is $2.9 per share

Diluted EPS is $1.54 per share

Explanation:

Basic Earning per share is calculated dividing Earning for the year excluding preferred dividend by weighted average number of shares.

Basic EPS = (Net Income - Preferred dividends) / Weighted Average numbers of share

Basic EPS = ($2,152,000 - $180,000) / 680,000 = $2.9 per share

Diluted earning per share is calculated by adjusting all the convertible share options or securities in the outstanding share.

Diluted EPS = (Net Income - Preferred dividends) / Diluted numbers of share

Diluted EPS = ($2,152,000 - $180,000) / ( 680,000 + 600,000 )

Diluted EPS = $1.54 per share

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Kitty [74]
It is easier to stick to a budget if you can spend some money on things you enjoy.
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3 years ago
Transmissions are delivered to the fabrication line five at a time. It takes two hours for transmissions to be delivered. Approx
Leokris [45]

Answer:

The Number of kanban card sets is 2.

Explanation:

c =  5

T = 2 hours

d = 3 vehicles/hour

N = d*T(1 + ss)/C

   = 3*2(1 + 0.30)/5

   = 1.56

Therefore, The Number of kanban card sets is 2.

5 0
3 years ago
Lula thinks that people who discipline their children by spanking should be sent to jail and says she would be glad to go to jai
Igoryamba

Answer:

a. Kantianism

Explanation:

Kantianism -

This theory was given by Immanuel Kant.

According to this theory ,

Good deeds and duty are the crucial elements  in order to determine the action which need to be taken .

Any activity is considered to be good , only if it is morally correct .

Hence , from the question , spanking children is not a good activity and it not accepted ethically  .

Hence , in the given scenario Kantianism is applicable .

5 0
3 years ago
The bank is considering paying interest to customers carrying daily checking account balances in excess of a certain amount. If
olya-2409 [2.1K]

Answer:

If the amount is 1 for example,

And the bank does not want to pay more than 4%, then the amount will be,

4/100 ×1= 0.04

5 0
2 years ago
An analysis of stockholders' equity of Hahn Corporation as of January 1, 2010, is as follows:
charle [14.2K]

Answer:

Additional paid-in capital is $904,200

Explanation:

Number of shares, issued and outstanding = 93,000 shares

Acquired 2,460 shares of its stock for $75,000.

Sold 2,000 treasury shares at $35 per share.

Sold the remaining 460 treasury shares at $20 per share.

i) Acquired 2,460 shares of its stock for $75,000.

= Treasury Stock Dr $75,000

ii) Sold 2,000 treasury shares at $35 per share.

Treasury Stock (2,000 × $35) = Dr $70,000

iii) Sold the remaining treasury shares at $20 per share.

Treasury Stock (460 × $20) = Dr $9,200

Total Treasury Stock = $75,000 - $70,000 - $9,200

= ($4,200)

Paid in Cap-tresury stock= 10,000-5000=5000

Additional Paid in capital = Paid in Capital - treasury stock

= 900,000 + 4,200 = $904,200

6 0
3 years ago
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