In 2019, Whispering Enterprises issued, at par, 60 $1,000, 9% bonds, each convertible into 100 shares of common stock. Whispering had revenues of $17,100 and expenses other than interest and taxes of $8,100 for 2020. (Assume that the tax rate is 20%.) Throughout 2020, 2,400 shares of common stock were outstanding; none of the bonds was converted or redeemed.
(a) Compute diluted earnings per share for 2020. (Round answer to 2 decimal places, e.g. $2.55.) Earnings per share $
(b) Assume the same facts as those assumed for part (a), except that the 60 bonds were issued on September 1, 2020 (rather than in 2019), and none have been converted or redeemed. Compute diluted earnings per share for 2020. (Round answer to 2 decimal places, e.g. $2.55.) Earnings per share $
(c) Assume the same facts as assumed for part (a), except that 20 of the 60 bonds were actually converted on July 1, 2020. Compute diluted earnings per share for 2020

Answers

Answer 1

2019, Whispering Enterprises issued, at par, 60 $1,000, 9% bonds, each convertible into 100 shares of common stock. Whispering had revenues of $17,100 and expenses other than interest and taxes of $8,100 for 2020. (Assume that the tax rate is 20%.) Throughout 2020, 2,400 shares of common stock were outstanding; none of the bonds was converted or redeemed.

2019, Whispering Enterprises issued, at par, 60 $1,000, 9% bonds, each convertible into 100 shares of common stock. Whispering had revenues of $17,100 and expenses other than interest and taxes of $8,100 for 2020. (Assume that the tax rate is 20%.) Throughout 2020, 2,400 shares of common stock were outstanding; none of the bonds was converted or redeemed. (a) Compute diluted earnings per share for 2020. (Round answer to 2 decimal places, e.g. $2.55.) Earnings per share $

2019, Whispering Enterprises issued, at par, 60 $1,000, 9% bonds, each convertible into 100 shares of common stock. Whispering had revenues of $17,100 and expenses other than interest and taxes of $8,100 for 2020. (Assume that the tax rate is 20%.) Throughout 2020, 2,400 shares of common stock were outstanding; none of the bonds was converted or redeemed. (a) Compute diluted earnings per share for 2020. (Round answer to 2 decimal places, e.g. $2.55.) Earnings per share $ (b) Assume the same facts as those assumed for part (a), except that the 60 bonds were issued on September 1, 2020 (rather than in 2019), and none have been converted or redeemed. Compute diluted earnings per share for 2020. (Round answer to 2 decimal places, e.g. $2.55.) Earnings per share $

2019, Whispering Enterprises issued, at par, 60 $1,000, 9% bonds, each convertible into 100 shares of common stock. Whispering had revenues of $17,100 and expenses other than interest and taxes of $8,100 for 2020. (Assume that the tax rate is 20%.) Throughout 2020, 2,400 shares of common stock were outstanding; none of the bonds was converted or redeemed. (a) Compute diluted earnings per share for 2020. (Round answer to 2 decimal places, e.g. $2.55.) Earnings per share $ (b) Assume the same facts as those assumed for part (a), except that the 60 bonds were issued on September 1, 2020 (rather than in 2019), and none have been converted or redeemed. Compute diluted earnings per share for 2020. (Round answer to 2 decimal places, e.g. $2.55.) Earnings per share $ (c) Assume the same facts as assumed for part (a), except that 20 of the 60 bonds were actually converted on July 1, 2020. Compute diluted earnings per share for 2020

2019, Whispering Enterprises issued, at par, 60 $1,000, 9% bonds, each convertible into 100 shares of common stock. Whispering had revenues of $17,100 and expenses other than interest and taxes of $8,100 for 2020. (Assume that the tax rate is 20%.) Throughout 2020, 2,400 shares of common stock were outstanding; none of the bonds was converted or redeemed. (a) Compute diluted earnings per share for 2020. (Round answer to 2 decimal places, e.g. $2.55.) Earnings per share $ (b) Assume the same facts as those assumed for part (a), except that the 60 bonds were issued on September 1, 2020 (rather than in 2019), and none have been converted or redeemed. Compute diluted earnings per share for 2020. (Round answer to 2 decimal places, e.g. $2.55.) Earnings per share $ (c) Assume the same facts as assumed for part (a), except that 20 of the 60 bonds were actually converted on July 1, 2020. Compute diluted earnings per share for 2020


Related Questions

Boyer Inc. is considering the introduction of a new product. This product can be manufactured in one of several ways: Using the present system at a variable cost of $55 per unit and a one time cost of $15,500. They can upgrade the present system, which will have a variable cost of $48.00 per unit, and an initial cost of $27,200. That last option consists of adding a new system with a per unit variable cost of $25.00, and an initial cost of $45,000. The organization is worried however, about the impact of competition. If no competition occurs, they expect manufacture 4,500, 6,800, and 8,800 units respectively. With competition, they expect to manufacture: 3,750, 5,500, and 6,700 units respectively. At the moment their best estimate is that there is a 57% chance of competition. They decided to make their decision based on manufacturing cost for each alternative. Based on evaluating cost, determine the following: a. What is the EMV for using the present system

Answers

The EMV (Expected Monetary Value) of using the present system with a variable cost of $55 per unit and a fixed cost of $15,500 is $239,515.

Data and Calculations:

                                         Present      New System 1     New System 2

Variable cost per unit         $55                  $48                     $25

Fixed cost                       $15,500           $27,200             $45,000

Production units:

 Without competition       4,500                6,800                  8,800

 With competition            3,750                 5,500                  6,700

Probability of competition   57%                  57%                     57%

Probability: no competition 43%                  43%                    43% (100 -57)

Expected production units:

Present System = 4,073 units (3,750 x 57%) + (4,500 x 43%)

Expected monetary value of present system:

Variable cost = $224,015 (4,073 x $55)

Fixed costs =      $15,500

Total EMV =     $239,515

Cost per unit = $58.81 ($239,515/4,073)

Expected production units:

New System 1 = 6,059 units (5,500 x 57%) + (6,800 x 43%)

Expected monetary value of present system:

Variable cost = $290,832 (6,059 x $48)

Fixed costs =      $27,200

Total EMV =     $318,032

Cost per unit = $52.49 ($318,032/6,059)

Expected production units:

New System 2 = 7,603 units (6,700 x 57%) + (8,800 x 43%)

Expected monetary value of present system:

Variable cost =  $190,075 (7,603 x $25)

Fixed costs =      $45,000

Total EMV =     $235,075

Cost per unit = $30.92 ($235,075/7,603)

Thus, the EMV for using the present system is $239,515.

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why would you use computer-aided design (cad) software?

Answers

Answer:

CAD enables the development, modification, and optimization of the design process. CAD enables the development, modification, and optimization of the design process. Thanks to CAD, engineers can make more accurate representations and modify them easily to improve design quality.

Explanation:

Answer: To re-create the layout of a space before actually moving anything.

Explanation: took the quiz

Julio does not specialize in a particular function; instead, he provides overall guidance and leadership for the company. Julio is an administrative or ____ manager.

What is the answer to this?

Answers

Considering the description in the question above, Julio is an administrative or General Manager.

This is based on the idea that a General Manager is someone or an individual who takes an executive role in a firm or organization.

The role of a General Manager covers the activities of controlling all the income and expenditure of the firm.

A General Manager has no specific role, unlike other employees. He serves to provide leadership, set goals, and help guide the firm to achieve its missions and vision.

Hence, in this case, it is concluded that Julio is a General Manager.

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Which word names the way the different parts of language are arranged?
Gramma
Pronunciation
Structure
Diction

Answers

Linguists have identified five basic components (phonology, morphology, syntax, semantics, and pragmatics) found across languages.

In a developing country, two alternatives are under consideration for delivering water fiom a mountainous area to an arid area in the country's southern region. A coated heavy- gauge plastie pipeline can be installed, with pumps spaced appropriately along the pipeline. Alternatively, canal can be built; however, it will have greater water loss than the pipeline, due to evaporation and poaching along the canal route. To compensate for the water loss, the canal will have a greater carrying capacity than the pipeline. It is estimated it will cost $125 million to install the pipeline. Major replacements are planned every 15 years at the cost of $10 million. Pumping and other annual operating and maintenance costs are estimated to be $5 million. The canal will cost $200 million to construct; its annual operating and maintenance costs are anticipated to be S1 million. Major upgrades of the canal are anticipated every 10 years, at the cost of $5 million. Based on a 5 percent (5 %) MARR and an infinitely long planning horizon, which alternative has the lowest capitalized cost?

Answers

Answer:

a developing country, two alternatives are under consideration for delivering water fiom a mountainous area to an arid area in the country's southern region. A coated heavy- gauge plastie pipeline can be installed, with pumps spaced appropriately along the pipeline. Alternatively, canal can be built; however, it will have greater water loss than the pipeline, due to evaporation and poaching along the canal route. To compensate for the water loss, the canal will have a greater carrying capacity than the pipeline. It is estimated it will cost $125 million to install the pipeline. Major replacements are planned every 15 years at the cost of $10 million. Pumping and other annual operating and maintenance costs are estimated to be $5 million. The canal will cost $200 million to construct; its annual operating and maintenance costs are anticipated to be S1 million. Major upgrades of the canal are anticipated every 10 years, at the cost of $5 million. Based on a 5 percent (5 %) MARR and an infinitely long planning horizon, which alternative has the lowest capitalized cost?

how will you try overcoming the lower price offer by a competitor?

Answers

Answer:

Argue that you are better in every way you can.

Explanation:

hope this helps!

purpose of corporate management​

Answers

Answer:

to efficiently and effectively utilize the resources that the management has in hand. 

hope this helps <3

If a company exchanges a debt instrument with no ready market for property with an indeterminable fair value, it should not be recorded on
a. the books of either party until the fair value of the property becomes evident.
b. the board of directors of the entity receiving the property should estimate a value for the property that will serve as a basis for the transaction. c. the directors of both entities involved in the transaction should negotiate a value to be assigned to the property.
d. the present value of the debt instrument must be approximated using an imputed interest rate.

Answers

Answer:

the present value of the debt instrument must be approximated using an imputed interest rate.

Explanation:

Discuss two shortcomings of using Gross Domestic Product as the primary measure of a country’s economic performance.

Answers

The exclusion of non-market transactions. The failure to account for or represent the degree of income inequality in society. The failure to indicate whether the nation's rate of growth is sustainable or not.

According to the guidelines of good journalism, which of the following is correct:

O Her birthday is March 10
O Her birthday is Mar. 10
O Her birthday is march 10
O Her birthday is mar. 10

Answers

The first answer is correct

Answer:

Her birthday is March 10 plz Mark me as brainlliest

why do you think there is such a variety of industries involved with plants?

Answers

Because plants give us oxygen and that helps us breathe better

The following information pertains to Carla Vista Company.

1. Cash balance per books, August 31, $7,374.
2. Cash balance per bank, August 31, $7,338.
3. Outstanding checks, August 31, $696.
4. August bank service charge not recorded by the depositor $48.
5. Deposits in transit, August 31, $3,110.

In addition, $2,426 collected for Carla Vista Company in August by the bank through electronic funds transfer. The accounts receivable collection has not been recorded Carla Vista Company.

Required:
Prepare a bank reconciliation at August 31, 2022.

Answers

If in addition, $2,426 collected for Carla Vista Company in August by the bank through electronic funds transfer. The accounts receivable collection has not been recorded Carla Vista Company.  The bank reconciliation at August 31, 2022 will be:

Adjusted cash balance per bank       $9,752 Adjusted cash balance per books      $9,752

Carla Vista Company bank reconciliation      

Cash balance per bank statement  $7,338  

Add Deposit in transit                                    $3,110    

Less Outstanding checks                              ($696)  

Adjusted cash balance per bank                $9,752

Cash balance per books                               $7,374  

Add Electronic funds transfer received        $2,426    

Less Bank service charge                       ($48)  

Adjusted cash balance per book                 $9,752

Inconclusion if in addition, $2,426 collected for Carla Vista Company in August by the bank through electronic funds transfer. The accounts receivable collection has not been recorded Carla Vista Company.  The bank reconciliation at August 31, 2022 will be:

Adjusted cash balance per bank       $9,752 Adjusted cash balance per books      $9,752

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the ABC manufacturing firm, the average withdrawal rate for product A is 20
cartons per day, safety stock is 5 days, order lead time is 10 days, and the
order quantity is 45 days.


Requirement: What are the maximum and average quantities of unit loads to be
stored?

Answers

Answer:J is between H and K. If HJ=6x-5, JK=4x-6 and KH= 129, find the value of HJ

Explanation:J is between H and K. If HJ=6x-5, JK=4x-6 and KH= 129, find the value of HJ

what are the various level of professions​

Answers

Answer:

Entry-level. Intermediate. Mid-level. Senior or executive-level.

Answer

Basic level.

Basic level.Medium level.

Basic level.Medium level.High level.

what are two examples of ways an electronic record may be disturbuted to others?

Answers

Answer:

Way 1. Email, Way 2. Publish on Internet

Question 1
A) Sarah has an apple and Ava has a bag of chips. Sarah would rather consume the bag of chips, and Ava would prefer to consume the apple. Which of the following is an example of bartering?(1 point)

Sarah pays Ava $1 for her bag of chips.


Ava pays Sarah $1 for her apple.


Sarah trades her apple for Ava's bag of chips.


Sarah and Ava consume the goods they currently possess.


Question 2
A) Gold has historically functioned as money. This is due, in part, to the willingness of others to accept it as valid payment for goods and services. In this case, gold is functioning as a(n)(1 point)

store of value.

unit of account.


fiat money.


medium of exchange.


Question 3
A) Consider a hypothetical economy in which rice functions as money. In addition to being valued as money, rice is valued as a consumer good. In this scenario, rice is said to be(1 point)

fiat money.


representative money.


currency.


commodity money.


Question 4
A) Elementary school students often trade food items at lunch in an effort to have the best lunch possible. In one elementary school, pudding cups have become so popular that they have become a unit of account. This means that(1 point)

a pudding cup will likely have the same purchasing power tomorrow as it does today.


a pudding cup entitles its holder to a share of some valuable asset.


students are eager to accept pudding cups in exchange for any lunch item.


the price of other lunch items is expressed in quantities of pudding cups.


Question 5
A) Which of the following illustrates the difference between the U.S. dollar, a form of fiat money, and a U.S. gold certificate, a representative currency?(1 point)

A U.S. dollar does not have value in addition to its value as money.


A gold certificate does not represent a claim to some specific asset.


A gold certificate does not have value in addition to its value as money.


A U.S. dollar does not represent a claim to some specific asset.

Answers

The correct answers are:

C. Sarah trades her apple for Ava's bag of chips.

D. medium of exchange.

D. commodity money.

D. the price of other lunch items is expressed in quantities of pudding cups.

D. A U.S. dollar does not represent a claim to some specific asset.

A contract with an illegal object is not voidable
True
False

Answers

Answer:false

Explanation:

False

A voidable contract is legal. Its a void contract that is illegal- thus this statement is false

Hope this helped you- have a good day bro cya)

You want a seat on the board of directors of Four Keys, Inc. The company has 290,000 shares of stock outstanding and the stock sells for $49 per share. There are currently 5 seats up for election. The company uses straight voting. How many shares do you need to guarantee that you will be elected to the board?
a. 96,668 shares
b. 48,334 shares
c. 58,000 shares
d. 130,501 shares
e. 145,001 shares

Answers

Answer:

C

Explanation:

The year is 2022 and today is July 1 (by assumption). You plan to fly from Newark to Amsterdam on August 2 and return on August 25. Today you can buy a one-way ticket for $350 or a round-trip ticket for $660. You could also wait until August 1 to buy your tickets. On August 1, a one-way ticket in either direction will cost $370, and a round-trip ticket will cost $730. Between July 1 and August 1, there is a 30% chance that your best friend will be able to provide you with a free one-way ticket as a present. If you buy a round-trip ticket on July 1 for $660 and your friend provides a free ticket, then you can return the second half of your round-trip ticket to the airline, after paying a $50 penalty. In this case, your net travel cost will become $380. Develop a decision tree to determine how to minimize your expected travel cost. Find the optimal policy.

Answers

The optimal policy will be to book a round-trip ticket.

Based on the information given, there is a 30% chance that my best friend will be able to provide you with a free one-way ticket as a present. This will be represented on the decision tree as 0.3.

Therefore, the probability that I will not get a free ticket will be 0.7 which is calculated as 0.3 subtracted from 1.

The cost of booking the return ticket on August 1st will be:

= 350 + 370

= 720

In conclusion, the minimum expected travel is $576. The optimal strategy will be to book the round ticket now. An attachment has been attached for further understanding.

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Which of the following is an item of capital expenditure?
A. repairs to a machine
B. purchase of a machine
C. cost of goods sold
D. wages cost​

Answers

Answer:

B. purchase of a machine

Explanation:

Which employees should be aware of how to turn off power to a shop in an emergency?
Managers
Owners
Contractors
All workers should know how to turn the power off in an emergency.

Answers

Answer:

Last one.

Explanation:

All the workers should know how to turn off the power in an emergency. Just in case there isn't one, there is the other.

Addenda E of the Resource Pack of Business Studies​

Answers

Answer:

????????????????

Explanation:

?????????

(STATEMENT OF STOCKHOLDERS’ EQUITY) In its most recent financial statements, Nessler Inc. reported $75 million of net income and $825 million of retained earnings. The previous retained earnings were $784 million. How much in dividends were paid to shareholders during the year? Assume that all dividends declared were actually paid.

Answers

Answer:

95 mill

Explanation:

If you are an HR Manager , which among these rating sources do you believe in the most crucial?

Answers

Answer:

behaviour

Explanation:

his\her behaviour to collegues matters more for good environment in business

What part of wildlife management involves trapping animals in areas where they are abundant and releasing them in areas of suitable habitat where they are not abundant?

habitat improvement


artificial stocking


predator control


hunting regulations

What part of wildlife management involves trapping animals in areas where they are abundant and releasing them in areas of suitable habitat where they are not abundant?

habitat improvement


artificial stocking


predator control


hunting regulations

Answers

The part of wildlife management that overseas the trapping animals in areas where they are much and get them release to where they are not abundant is : D Hunting regulations

Hunting regulations can be regarded as the measures that are put in place to save the life of wildlife from going into extinction.

This body usually trap animals in areas they are much they released them to areas they are not much.

The body dictate the hunting seasons that the hunter should hunt, and not to hunt.

It gives the bag limits as well as poaching laws on the hunting proces

Therefore, the correct option is D

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Help it's due today
7-9

Answers

Try going on Quizlet!!!

Which of the following is NOT a disadvantage of personal interviews?

Answers

Answer:

Where are the options to this question

Multiple Choice
Which of the following exemplifies wisdom as defined by Maslow?
A con artist who can persuade anyone and everyone to hand over their valuables.
O A counselor who helps families who have been feuding for generations bury the hatchet.
A scholar who has read thousands of books.
O A world traveler who can pick up languages and customs like a native.

Answers

Answer:

I think its A so have a good day

Explanation:

Suppose that the market interest rate increases to 6.875 percent annually compounded (increase by 87.5 basis points) during the first year of your purchase (within year 1), and it remains at that level (6.875 percent) for the next five years. Assume that, the reinvestment rate for the first coupon payment is the new interest rate, that is, 6.875 percent annually compounded. In addition, you will reinvest the coupon payments in a zero-coupon bond. [You already computed total proceeds (both from reinvestment of coupon payments plus face value) at the end of your investment horizon (t=6) years in Part B of the problem.] Now, what is your annually compounded holding period return (HPR) at the end of your investment horizon (t=6) years?

Answers

The annually compounded holding period return (HPR) at the end of the investment horizon (t=6) years is 6.98%

Par value =1000 Number of years =6 Coupon = Coupon Rate × Par value = 7% × 1000 =70 Rate(r) =6%

Therefore, the price of the bond at year 0 will be:

= 70 × (1-(1+6%)⁻⁶)/6% )+ 1000/(1+6%)⁶

= 1049.17

Then, the reinvestment rate will be =6.875%

Number of years of coupons =6

The future value of reinvestment of the coupon and the receipt of par value at year 6 will be:  

= 70 × ((1+6.875%)⁵)/6.875% )+ 1000

= 1499.16

Therefore, the HPR at the end of Year 6 will be:

= (1499.16/1000)^(1/6 )- 1

= 6.98%

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Which scenario best reflects the relationship between production and demand in a recession?
Car dealerships have minimal overstock.
Car dealerships are not restocking.
• Car dealerships cannot sell their stock.
• Car dealerships cannot obtain stock.

Answers

Answer:

A car dealership can't sell their stock

Explanation:

In a recessionary economic situation, the scenario that best reflects the relationship between production and demand is a car dealership cannot sell its stock.

What characterizes a recession?

It occurs when an economy declines for two consecutive quarters. It is an analysis that is based on the variation of a country's GDP.

Therefore, in a recession situation, consumers would generally choose to spend their money on essentials such as food and medicine. It is then concluded that the sale of vehicles in this period would be reduced and therefore the dealerships would not sell their stock.

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