Answer:
Diluted eps = $3 per share.
Explanation:
Outstanding shares = 100000 shares
Net income = $ 300000
Bond face value = $800000
Convertible in to shares = 16000 shares
tax rate = 40%.
we know that: diluted earning per share=( net income + after tax interest on convertible debt) / weighted average number of shares outstanding + diluted shares.
- After tax interest on convertible bond= 800000* 10% = $80000 interest.
$80000 * tax rate = 80000 * 40%= 32000.
After tax interest on convertible bond= 80000-32000= $48000.
= (300000 +48000)
/ (100000 + 16000)
= 348000/116000
= #3 per share.
Answer:
Particulars Amount
1. Revenue allocated to the equipment $330
for each bundled sales
{$990 * $280 / $280 + $560}
2. Revenue allocated to the service $660
for each bundled sales
{$990 * $560 / $280 + $560}
3. Sales revenue to be reported in income $660
statement
Service revenue to be reported in $55
income statement
($660/12)
Answer:
$415
Explanation:
For computing the sales per unit first we have to determine the total sales value which is shown below:
Direct Production costs (1,000 units × $125) $125,000
Fixed Overhead costs for the year = $20,000 × 12 months = $240,000
Total Costs for the year $365,000
Gross Profit desired (1,000 units × $50) $50,000
Total Sales Value desired = Costs + Profit $415,000
Now
Sales price per unit is
= $415,000 ÷ 1,000 units
= $415
This is the answer but the same is not provided
As a boat operator, the law make it mandatory that you should stop and assist other boaters who are involves in accidents if there is no danger to you, your passengers or your boat. People who render assistance at boat accident scenes are not hold liable for any civil damage because of the assistance they render.
