What is valuable goods

In 2019, Carla Enterprises issued, at par, 60 $1,000, 8% bonds, each convertible into 100 shares of common stock. Carla had reve

dimulka [17.4K]

Answer:

Diluted earnings per share for 2020. is 93 cents

Explanation:

Diluted Earnings per share shows the future position of the Earnings per shareholders once the potential shareholders begin exercising their rights.

Potential Shareholders exists due to Financial Instruments that might be converted into ordinary shares. Examples are Convertible Bonds, Options, Convertible Preference shares.

Step 1 Calculate Basic Earnings Per Share

Basic Earnings Per Share = Earnings Attributable to Ordinary Shareholders / Weighted Average Number of Ordinary Shares in Issue during the period.

Profits attributable to Ordinary Shareholders :

Earnings ( $14,700 - $6,900) $7,800

Less After tax Interest on Bonds (60×$1,000×8%×80%) ( $3,840)

Profits attributable to Ordinary Shareholders $ 3960

Weighted Average Number of Ordinary Shares

Common stock outstanding 2,400 shares

Basic Earnings Per Share = $ 3960/ 2,400

= 165 cents

Step 2 Calculate Diluted Earnings Per Share

Diluted Earnings Per Share = Adjasted Basic Earnings per Share Earnings/ Adjasted Number of Ordinary Shares

Adjusted Basic Earnings per Share Earnings

Profits attributable to Ordinary Shareholders $ 3960

Add Savings on Interest (60×$1,000×8%×80%) $3,840

Adjusted Basic Earnings per Share Earnings $7,800

Adjusted Number of Ordinary Shares

Common stock outstanding 2,400 shares

Add 60× 100 shares of Convertible Bonds 6,000 shares

Adjusted Number of Ordinary Shares 8,400 shares

Diluted Earnings Per Share = $7,800/8,400 shares

= 93 cents

7 0

3 years ago

North Company has completed all of its operating budgets.The sales budget for the year shows 50,600 units and total sales of $2,

atroni [7]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

The sales budget for the year shows 50,600 units and total sales of $2,317,800.

The total unit cost of making one unit of sales is $22.

Selling and administrative expenses are expected to be $304,000.

Income taxes are estimated to be $270,180.

Income statement:

Sales= 2,317,800

COGS= (22*50,600)= (1,113,200)

Gross profit= 1,204,600

Selling and administrative= (304,000)

Tax= (270,180)

Net operating profit= $630,420

5 0

3 years ago

Scrumptious Snacks Inc. manufactures three types of snack foods: tortilla chips, potato chips, and pretzels. The company has bud

beks73 [17]

Answer:

Results are below.

Explanation:

First, we need to calculate the number of processing hours:

Processing hours= (0.25*3,000) + (0.1*6,000) + (0.3*3,500)

Processing hours= 750 + 600 + 1,050

Processing hours= 2,400

Now, we can calculate the predetermined overhead rate:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 207,000 / 2,400

Predetermined manufacturing overhead rate=$86.25 per processing hour

To allocate overhead, we need to use the following formula:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Tortilla chips= 86.25*75= 64,687.5

Potato chips= 600*86.25= 51,750

Pretzels= 86.25*1,050= 90,562.5

Finally, the unitary cost:

Tortilla chips= 64,687.5 / 3,000= $21.56

Potato chips= 51,750 / 6,000= $8.63

Pretzels= 90,562.5 / 3,500= $25.88

8 0

3 years ago

1.

Ksenya-84 [330]

Answer:

i dont know

Explanation:

and i dont care

8 0

3 years ago

Glenn lives in florida. he applies for a job with a north carolina company. glenn is told, amazingly, that the job is only open

m_a_m_a [10]

Yes, absolutely.

The Civil Rights Act of 1964, which finished isolation in broad daylight puts and prohibited work segregation based on race, shading, religion, sex or national inception, is viewed as one of the delegated authoritative accomplishments of the social liberties development. First proposed by President John F. Kennedy, it survived solid restriction from southern individuals from Congress and was then marked into law by Kennedy's successor, Lyndon B. Johnson.

3 0

2 years ago