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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 role of a campaign manager is to
Westkost [7]

The role of campaign manager is to oversee a campaign organization. He is responsible for coordinating the operations and activities of the campaign on day to day basis, and the activities that indirectly or directly support the campaign. He manages the activities and makes the campaign effective. His responsibilities include management of staff, coordination with the candidates, looking after campaign budget.

5 0
3 years ago
Read 2 more answers
When an electronics company sells its global positioning systems to a car manufacturer, it is engaged in ________ marketing.
viktelen [127]

Answer:

It is called a Business to Business or B2B Marketing

Explanation:

B2B or Business to Business Marketing simply occurs when a business organisation decides to going into transaction with an other business organisation. The two businesses can be within the same locality or not. A criteria is that a B2B marketing involves a commercial transactions which would be to the benefit of both parties.

The <u>opposite of B2B is B2C (Business to Consumer) marketing, this is the commonly known type of marketing where a consumer/individual</u> patronizes the products of a manufacturer or business organisation.

B2B will usually occur when a company needs certain products or materials to complete its own finished goods and this can be purchased from another organisation that has been adjudged to be a producer of same.

It could also occur, when a business is required to take on the services of another business for instance in audit cases.

In the case of the question, the global positioning system is a finished product of the electronics company required by the car manufacturer to complete his own finished product (the car). Hence, the B2B marketing.

5 0
3 years ago
Which of the following statements is CORRECT? Assume a company's target capital structure is 50% debt and 50% common equity.a. T
Bond [772]

The correct statement among the given is 'cost of equity is always equal to or greater than the cost of debt' .

Option-c

<u>Explanation: </u>

Debt on assets which are less likely to lose is secured more uncertainty leads to lower returns, hence lower costs. The risk of loss to equity holders also remains greater and not even assured against any collateral. In comparison to higher risk equity holders foresee higher returns.

This is why debt costs are higher. Such high risk will lead to higher equity costs than debt costs. To investors, equity costs would be returned on equity investment, and debt costs would be made as part of debt investment.

6 0
3 years ago
Choose all that apply.
tino4ka555 [31]
I'm going full have to go with 2, 3, & 4
4 0
3 years ago
Read 2 more answers
Paul &amp; Griffon manufactures and markets many products you use every day. In 2016, sales for the company were $86,000 (all am
Gre4nikov [31]

Answer and Explanation:

The computation is shown below:

a. The receivables Turnover Ratio and Inventory Turnover Ratio is

receivables Turnover Ratio is

= Net credit sales ÷ average account receivable

= $86,000 ÷ ($6,500 + $6,900) ÷ 2

= $86,000 ÷ $6700

= 12.84 times

Inventory turnover ratio is

= Cost of goods sold  ÷ average account receivable

= ($86,000 × (1 - 49.8%) ÷ ($7,280 +  $7,300) ÷ 2

= $43,172 ÷ $7,290

= 5.92 times

b. The average days to collect receivables and inventory is

For receivables

= 365 ÷ 12.84 times

= 28.43 days

For inventory

= 365 ÷ 5.92

= 61.66 days

4 0
3 years ago
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