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aalyn [17]
3 years ago
13

At December 31, 2015, Agler Company had 1,200,000 shares of common stock outstanding. On September 1, 2016, an additional 400,00

0 shares of common stock were issued. In addition, Agler had $12,000,000 of 6% convertible bonds outstanding at December 31, 2015, which are convertible into 800,000 shares of common stock. No bonds were converted into common stock in 2016. The net income for the year ended December 31, 2016, was $4,500,000. Assuming the income tax rate was 30%, what should be the diluted earnings per share for the year ended December 31, 2016, rounded to the nearest penny
Business
1 answer:
Over [174]3 years ago
7 0

Answer:

The Diluted EPS is $2.11

Explanation:

Diluted EPS=(Net Income-Preferred Dividend) /(weighted average of common stocks+ any potential convertible bonds or securities)

Diluted EPS=4,500,000/(1,200,000+(400,000*4/12)+800,000)

The 400,000 shares were issued on September 1,2016 therefore they have been weighted average for 4 months.

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The small-business owners want to determine whether their companies meet the standards for small-business designation because the government agencies offer benefits designed to help small businesses compete with larger firms.

<h3>Why small business is important?</h3>

A privately held corporation, partnership, or sole proprietorship that employs fewer people and has a lower yearly income than a corporation or regular-sized business is referred to as a small business. Hence by keeping the money close to home and assisting local communities and neighborhoods, they boost local economies.

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7 0
1 year ago
Suppose that in 1969, the U.S. economy was operating close to potential. The budget deficit experienced by the United States in
Nataly [62]

Answer: primarily cyclical deficit

Explanation:

Budget deficit occurs when the government expenditure for a certain year is more than the revenue the government makes.

Since the the United States economy was operating close to potential. The budget deficit experienced by the United States in 1969 was primarily cyclical deficit.

3 0
3 years ago
A food worker needs to cool a large pot of soup How should the food worker cool the soup?
Lilit [14]

Answer:

a)use an ice paddle. it is the most suitable way

3 0
3 years ago
In what ways can labor and management resolve disputes
saul85 [17]

Answer:

understand

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5 0
3 years ago
A pre-concert rehearsal is an example of
Mrrafil [7]

Answer:

Quality control

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Under the six sigma approach, any process that doesn't provide customer satisfaction or causes challenges in an organisation's process should be eliminated from the system in order to produce quality products and services. It allows only 3.4 defective features for every million opportunities and as such expects processes to be defect free 99.99966 percent of the time.

Generally, there are two (2) main methods of achieving the six sigma approach;

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2. DMADV: define, measure, analyze, design and verify.

Hence, a pre-concert rehearsal is an example of quality control because the participants or team members are made to practice their routines so as to master them and prevent mistakes on the day of the concert. Thus, a pre-concert is aimed at getting the best out of a team in order to deliver a quality performance to the audience.

5 0
2 years ago
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