User Account

All Pages

Calculate the diluted eps for 20x1

Assignment Help Managerial Accounting
Reference no: EM13520335

Gamma plc had an issued share capital at 1 April 20X0 of:

- £200,000 made up of 20p shares.

- 50,000 £1 conver tible preference shares receiving a dividend of £2.50 per share:

- these shares were convertible in 20X6 on the basis of 1 ordinar y share for 1 preference share.

There was also loan capital of:

- £250,000 10% convertible loans:

- the loan was conver tible in 20X9 on the basis of 500 shares for each £1,000 of loan;

- the tax rate was 40%.

Ear nings for the year ended 31 March 20X1 were £5,000,000 after tax.

Required:

(a) Calculate the diluted EPS for 20X1.

(b) Calculate the diluted EPS assuming that the convertible preference shares were receiving a dividend of £6 per share instead of £2.50.

Reference no: EM13520335

Questions Cloud

Obtain the magnitude of the emf induced in the coil : A rectangular loop is located in a uniform magnetic field of magnitude 0.28 T directed perpendicular to the plane of the coil. obtain the magnitude of the emf induced in the coil
Prepare a correct income statement for october 2012 : Prepare a schedule of cost of goods manufactured for October 2012 - prepare a correct income statement for October 2012.
Explain butyramide as only source of carbon : Starting with butyramide as your only source of carbon, make butyl butyrate.
Obtain the net flux through the coil : A long, straight wire lies in the plane of a circular coil with a radius of 0.050 m. The wire carries a current of 6.0 A and is placed along a diameter of the coil. What is the net flux through the coil
Calculate the diluted eps for 20x1 : Calculate the diluted EPS for 20X1 and calculate the diluted EPS assuming that the convertible preference shares were receiving a dividend of £6 per share instead of £2.50.
Depict a stick model of a water molecule : Draw a stick model of a water molecule. Sketch a space filling model of a water molecule, show polarity by labeling positive and negatively charged regions of the molecule.
Calculate the mirr of the project : The company uses a 9 percent interest rate on all of its projects. Calculate the MIRR of the project using all three methods
Calculate how old is the specimen : An archeological specimen containing 10.2 g of carbon has an activity of 1.6 Bq. How old (in years) is the specimen
Explain why is water consiered the universal solvent : Why do humans sweat and dogs pant? Explain the purpose and the reason it is effective. Why is water consiered the universal solvent

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Contrubition margin will decrease as perent of sale

Contrubition margin will decrease as perent of sale is this true or fales and why - variable expenes increase as percent of sale then the

  Prepare the journal entry to record the exchange

What is the fair value of the equipment and prepare the journal entry to record the exchange.

  Rules regarding operating and capital leases

The accounting industry has been wrestling with changing the rules regarding operating and capital leases.

  Prepare the cash flows for country kitchen bakeries

Prepare the cash flows from operating activities section of the statement of cash flows, using the direct method.

  Determine the number of units and dollars

Determine the breakeven point in units and dollars. Also, determine the number of units and dollars that need to be sold to make a target profit of $5,000 a month.

  Brinkers bicycle shop a special order decisionyour analysis

brinkers bicycle shop a special order decisionyour analysis should include the following steps to the extent logical

  Cvp analysis of plainfield bakers

Plainfield Bakers manufactures and sells the popular line of fat free cookes under name Aunt May's cookies. The process Plainfield employs to manufacturer the cookies is labor-intensive; it relies heavily on direct labor.

  In what fundamental ways is activity based costing different

In what fundamental ways is activity based costing different from traditional costing methods such as job order costing? Please make sure you address why direct labor is a poor base for allocating in many companies.

  Schedule showing the allocation of service department costs

Prepare a schedule showing the allocation of service department costs to other departments. (Leave no cells blank - be certain to enter "0" wherever required. Negative amounts should be indicated by a minus sign. Do not round intermediate calculat..

  Operating leverage-margin of safety-cost behavior

Describe how a 3 percent decline in sales at Home Depot could cause the 21 percent decline in profits. What accounting concept was involved, how were the many major types of costs incurred by Home Depot likely affected by decline in its sales

  Sales volume variance analysis-master vs flexible budget

During the period, actual sales totaled 58,000 units. Prepare a variance report to show the difference between the master budget and the flexible budget.

  Create a comprehensive master budget

Create a comprehensive Master budget and a 2-3 page executive summary for The Bottled Water Company.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd