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Lubov Fominskaja [6]
3 years ago
6

Shaffer Corporation issued 180, $1,000, 10% convertible bonds in 2019 at face value. Each bond is convertible into 100 shares of

common stock. Shaffer's net income for 2020 is $3,100,800 ($4,134,400 before tax). Considering all factors except convertible bonds, average common shares outstanding for 2020 were 1,818,000.
Compute basic EPS
Business
1 answer:
Vlad1618 [11]3 years ago
7 0

Answer:

$1.71 per share

Explanation:

Earning per share is the per share rate of net earning for the period after deducting any preferred dividend. We use average common shares outstanding to calculate the Basic EPS. Formula for the Basic EPS is as follow:

Basic EPS = ( Net Income - Preferred Dividend ) / average common shares outstanding

As we do not have any preferred share, placing value in the formula

Basic EPS = ( $3,100,800 - $0 ) / 1,818,000

Basic EPS = $1.71 per share

The convertible bonds are incorporated in the calculation of diluted earning per share.

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Does the temporal difference learning of optimal utility values (U) require knowledge of the transition probability tables
zhuklara [117]

Answer:

No

Explanation:

Temporal difference or some times written as TD learning process may be defined as an approach to learning that describes how to predict a given  quantity which depends on the future values for a given signal.

TD or temporal difference learning does not require the knowledge of transition probability tables. It only requires the knowledge of state and action plan. It also does not require the knowledge of reward function.

8 0
3 years ago
Orlando’s business wants to enact an affirrimative action plan which of the following would not be a part of the process
m_a_m_a [10]

Answer:

C). Firing majority workers who perform the least well.

Explanation:

An Affirmative action plan is characterized as the management tool that details of present and future course of action/procedure in order to ensure the rights of every individual on the basis of their caliber, ability, and merit irrespective of their race, gender, class, religion, disability, etc. It primarily aims to offer a fair entry to employment opportunities for all and develop a work community that reflects the demographics of a proficient and qualified workforce. Thus, 'firing majority workers who perform least well' would not be a part of this process as it offers fair access to opportunities on the basis of ability. Therefore, <u>option C</u> is the correct answer.

3 0
3 years ago
Read 2 more answers
What is the difference between business strategies and business models?
Sunny_sXe [5.5K]

Answer:

B. Business models focus on specific aspects of a business, while business strategies focus on how different aspects affect the whole business.

8 0
3 years ago
Emma earns $8.50 for her job as a barista. She receives overtime for all hours worked over 40 in a week. She worked 20 hours las
Damm [24]

if im right i think its 6800

7 0
3 years ago
The Hype Company's currently outstanding bonds have a 10 percent coupon and a 11 percent yield to maturity. Hype believes it cou
zavuch27 [327]

Answer:

After tax cost of debt is 6.82%

Explanation:

Currently the yield to maturity is the  pre-tax cost of debt for Hype company, however the after tax cost of debt considers that the bonds are tax deductible , its actual is less than the pre-tax cost of debt , hence the after-tax cost of debt is shown below

After tax cost of debt=yield to maturity *(1-tax)

after tax cost of debt=11%*(1-0.38)

after tax cost of debt=11%*0.62

after tax cost of debt =6.82%

This confirms that cost of debt is usually lower than cost of equity , where shareholders would want an extra premium to compensate them for the increased risk taken by investing in the business.

5 0
4 years ago
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