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Norma-Jean [14]
3 years ago
15

Nolte Co. has 4,800,000 shares of common stock outstanding on December 31, 2012. An additional 200,000 shares are issued on Apri

l 1, 2013, and 480,000 more on September 1. On October 1, Nolte issued $6,000,000 of 9% convertible bonds. Each $1,000 bond is convertible into 40 shares of common stock. No bonds have been converted. The number of shares to be used in computing basic earnings per share and diluted earnings per share on December 31, 2013 is Group of answer choices 5,110,000 and 5,110,000. 5,110,000 and 5,170,000. 5,110,000 and 5,350,000. 5,880,000 and 5,320,000.
Business
1 answer:
12345 [234]3 years ago
4 0

Answer:

5,110,000 and 5,170,000.

Explanation:

earnings per share EPS = (net income - preferred dividends) / weighted average of outstanding shares

  • 4,800,000 at the beginning of the year
  • 200,000 issued April 1 = 200,000 x 9/12 = 150,000
  • 480,000 issued September 1 = 480,000 x 4/12 = 160,000

weighted average outstanding shares = 4,800,000 + 150,00 + 160,000 = 5,110,000

diluted shares = ($6,000,000 / $1,000) x 40 x 3/12 = 60,000

diluted EPS = (net income - preferred dividends) / (weighted average of outstanding shares + diluted shares)

weighted average of outstanding shares + diluted shares = 5,110,000 + 60,000 = 5,170,000 shares

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A trade union is an organisation made up of members (a membership-based organisation) and its membership must be made up mainly of workers. One of a trade union's main aims is to protect and advance the interests of its members in the workplace. Most trade unions are independent of any employer.

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Having recently found sources of oil on their own land, the newly established nation of Brotherton enacted a tariff on imported
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revenue tariff

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2 years ago
Angelina's made two announcements concerning its common stock today. First, the company announced that its next annual dividend
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Answer:

44

Explanation:

according to the constant dividend growth model

price = d1 / (r - g)

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6 0
2 years ago
Assume that Live Co. has expected cash flows of $200,000 from domestic operations, 200,000 Swiss francs from Swiss operations, a
jok3333 [9.3K]

Answer:

$559,500

Explanation:

To find Live Co.'s expected dollar cash flows at the end of this year convert the Euro and Swiss francs amounts to dollar using their respective rates and then add all of the dollar amounts.

Swiss francs in dollars:

S = 200,000*0.83 = \$166,000

Euros is dollars:

E = 150,000*1.29 = \$193,500

Dollar cash flow:

C=D+S+E\\C = \$200,000+\$166,000 +\$193,500\\C=\$559,500

The company's expected dollar cash flows are $559,500.

8 0
3 years ago
Lake Power Sports sells jet skis and other powered recreational equipment. Customers pay one-third of the sales price of a jet s
ValentinkaMS [17]

Answer:

$650,000

Explanation:

Calculation to determine what Lake would report in its December 31, 2021, balance sheet

First step is to calculate Net installment Receiveble for 2020 sales

2020 sales Installment Receiveble 300,000

($900,000-$300,000 2018 Collection -$300,000 2021 Collection)

Less Deferred gross profit $150,000

(450,000-$150,000 2020 collection-$150,000 2021 collection )

Net installment Receiveble for 2020 sales $150,000

Second step is to determine Net installment Receiveble for 2021 sales

2021 sales Installment Receiveble $860,000

($1,290,000-$430,000

Less Deferred gross profit $360,000

($600,000-$240,000)

Net installment Receiveble for 2021 sales $500,000

Now let determine what Lake would report in its December 31, 2021, balance sheet

December 31, 2021, balance sheet=$150,000+$500,000

December 31, 2021, balance sheet=$650,000

Therefore In its December 31, 2021, balance sheet, Lake would report: $650,000

6 0
3 years ago
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