### Compute the basic and diluted earning per share

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Question - Bragg Corp. had \$1,500,000 net income in 2013. On January 1, 2013 there were 200,000 shares of common stock outstanding. On April 1, 25,000 shares were issued and on September 1, Bragg brought 15,000 shares of treasury stock. There are options outstanding to buy 20,000 shares of common stock at \$20 a share. The market price of the common stock averaged \$25 during 2013. The tax rate is 40%.

During 2013 there were 20,000 shares of convertible cumulative preferred stock outstanding. The preferred is \$100 par, pays \$100,000 a year dividend, and is convertible into two shares of common stock.

Bragg issued \$1,500,000 of 10% convertible bonds at face value during 2012. Each \$1000 bond is convertible into 20 shares of common stock.

REQUIRED - Compute the basic and diluted earning per share for 2013?

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 Determine the financial effect of dropping product b : Clinton Company sells two items , product A and product B. Prepare an incremental analysis to determine the financial effect of dropping product B Amount of american assets bought by foreigners : Suppose that Americans buy more foreign assets than the amount of American assets bought by foreigners. Prepare the journal entries for the transactions : Prepare the journal entries for the following transactions: Increase in the spot price of gold on June 30 & September 30 What is the present and future worth of the project : Draw the cash flow for this project from present till end of 2060, What is the present and future worth of the project? Compute the basic and diluted earning per share : Bragg issued \$1,500,000 of 10% convertible bonds at face value during 2012. REQUIRED - Compute the basic and diluted earning per share for 2013 Fund each year in order to meet its sinking fund obligations : How much must the firm deposit into the fund each year in order to meet its sinking fund obligations? What will his total cost recovery deduction : If Preston wishes to maximize his total 2013 cost recovery deduction, what will his total cost recovery deduction be on the properties purchased in 2013 Compute the bond yield to maturity : Compute the bond’s yield to maturity. Determine the value of the bond to you, given your required rate of return. About the time value of money to analyze : Use what you have learned about the time value of money to analyze each of the following decisions. Which set of Cash Flows is worth more now?

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