User Account

All Pages

Financial statements of hollingsworth industries

Assignment Help Accounting Basics
Reference no: EM13879727

At December 31, 2013, the financial statements of Hollingsworth Industries included the following:

Net income for 2013 ...................... $560 million
Bonds payable,10%, convertible into 36 million shares of common stock . $300 million

Common stock:
Shares outstanding on January 1 ................. 400 million
Treasury shares purchased for cash on September 1 ........... 30 million

Additional data:
The bonds payable were issued at par in 2011. The tax rate for 2013 was 40%.

Required:
Compute basic and diluted EPS for the year ended December 31, 2013.

Reference no: EM13879727

Questions Cloud

Formulate, graph, and solve this decision problem : Formulate, graph, and solve this decision problem. What is the minimum cost of meeting the nutrient requirements?
Review the currency exposure of that countrys firm or mnc : Country risk and  retrospectively monitor spot foreign exchange rates over a continuous period of time, review the currency exposure of that country's firm or MNC*, present the information to the reader in a concise and clear manner.
Compute the temperature at point : A large billet of steel initially at 260°C is placed in a radiant furnace where the surface temperature is held at 1200°C. Assuming the billet is infinite in extent, compute the temperature at point P shown in the accompanying sketch after 25 min ..
What are two items regarding the manufacturing process : What type of process design do they use: Make to Order, Make to Stock, or Batch? What are two items regarding the manufacturing process related to the organization that the team finds unique or interesting
Financial statements of hollingsworth industries : At December 31, 2013, the financial statements of Hollingsworth Industries included the following:
There are increasing returns to scale in production : The firm can vary the amounts of two basic chemicals in producing a specialty chemical, but, for quality control reasons, the relative proportions of chemicals must be between 40/60 and 60/40.
The banking system in china. how safe is this system? : The banking system in China. How safe is this system? Any recent banking crisis in China?
Set up the lp model in general form : The chef also arrives at 12:00 A.M., works four hours, takes two hours off, and returns for another four hours. Develop a minimum-cost Monday schedule for the part-time employees. Set up the LP model in general form.
How does this metaphor apply to the dynamics : The Eames film shows incremental changes in perspective as the camera moves in or out by a factor of 10. How does this metaphor apply to the dynamics within an organization for which you work or with which you are familiar

Reviews

Write a Review

Accounting Basics Questions & Answers

  Variable manufacturing costs are 4 per unit fixed factory

topple company produces a single product. operating data for the company and its absorption costing income statement

  Describing an initial offering for a global firm

Write a 750-to-1,000 word paper describing an initial offering for a global firm. Include the following:

  Assume that you have been consistently impressed by david

assume that you have been consistently impressed by david and tom gardner of the motley fool fool.com since you first

  Cost of goods sold for the year

Cost of goods manufactured equals $55,000 for 2010. Finished goods inventory is $2,000 at the beginning of the year and $5,500 at the end of the year. Beginning and ending work in process for 2010 are $4,000 and $5,000, respectively. How much is c..

  How would you make sure a payment is actually for what it

how would you make sure a payment is actually for what it was stated for?how would you make sure the payment is

  Mandatory rules for recognition of gain or loss

For property which is involuntarily converted that is replaced with similar property - what are the mandatory rules for recognition of gain or loss (an example would be great)?

  Fuller calls a meeting of the accounting department to

write a 1200- to 1500-word paper explaining the legal aspects financial standards involved and ethicality of the

  1 maker systems manufactures automated test systems that

1. maker systems manufactures automated test systems that perform quality inspections during and at the completion of

  Compare and contrast primary and secondary deviance what

compare and contrast primary and secondary deviance. what are the characteristics of each type of deviance? what is the

  Luzadis company makes furniture using the latest automated

luzadis company makes furniture using the latest automated technology. the company uses a job-order costing system and

  Prepare a flexible budget report assuming that the company

fagan company uses a flexible budget for manufacturing overhead based on machine hours. variable manufacturing overhead

  Justins plant store a retailer started operations on

justins plant store a retailer started operations on january 1. on that date the only assets were 16000 in cash and

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