Marion Company has 30,000 shares of common stock outstanding during all of 2016. This common stock has been selling at an averag
e market price of $45 per share. Marion also has outstanding for the entire year compensatory share options to purchase 4,000 shares of common stock at $32 per share. The unrecognized compensation cost (net of tax) relating to these share options is $3 per share. During 2016, Marion earned income of $36,000 after income taxes of 30%.
1. Compute Marion's 2016 diluted earnings per share. If required, round your answer to two decimal places.
2. Assume Marion uses IFRS. Compute its earnings per share assuming IFRS is used. If required, round your answer to two decimal places.
1. Compute Marion's 2016 diluted earnings per share. If required, round your answer to two decimal places.
2. Assume Marion uses IFRS. Compute its earnings per share assuming IFRS is used. If required, round your answer to two decimal places.
1 answer:
Answer:
Answer for the question:
Marion Company has 30,000 shares of common stock outstanding during all of 2016. This common stock has been selling at an average market price of $45 per share. Marion also has outstanding for the entire year compensatory share options to purchase 4,000 shares of common stock at $32 per share. The unrecognized compensation cost (net of tax) relating to these share options is $3 per share. During 2016, Marion earned income of $36,000 after income taxes of 30%.
1. Compute Marion's 2016 diluted earnings per share. If required, round your answer to two decimal places.
2. Assume Marion uses IFRS. Compute its earnings per share assuming IFRS is used. If required, round your answer to two decimal places.
Is given in the attachment.
Explanation:
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Answer: D. 2.2%
Explanation: Equity Dividend Rate is calculated by dividing the Before Tax Cash Flow by the Acquisition price. If you need the answer in percentage form, you then multiply by 100.
Here, before-tax cash flow = $11,440
Acquisition price = $520,000
So Equity Dividend Rate = X 100
Equity Dividend Rate = 2.2%
In this question, you do not need the Net Operating Income (NOI). You only need the NOI if the Before Tax Cash Flow is not given and the debt service payment is. If this is the case, you subtract the debt service payment from the NOI to get the Before Tax Cash Flow.
Answer:
with the new rate we will pay in 58 months.
if there is 2% commision charge: 59.35 = 60 months
Explanation:
Currently we owe 10,000
This will be transfer to a new credit card with a rate of 6.2%
We are going to do monthly payment of 200 dollars each month
and we need to know the time it will take to pay the loan:
We use the formula for ordinary annuity and solve for time:
C $200.00
time n
rate 0.005166667 (6.2% rate divide into 12 months)
PV $10,000.0000
We arrenge the formula and solve as muhc as we can:
Now, we use logarithmics properties to solve for time:
-57.99227477 = 58 months
part B
If there is a charge of 2% then Principal = 10,000 x 102% = 10,200
we use that in the formula and solve:
-59.34880001 = 59.35 months