Reference no: EM13951419
Pop Company had 100,000 shares of common stock outstanding on January 1, 2014.
On September 30, 2014, Pop sold 48,000 shares of common stock for cash.
Pop had 10,000 shares of convertible preferred stock outstanding throughout 2014. Each preferred stock is $100 par, 6%, and is convertible into 3 shares of common stock.
Pop also had 500, 8%, convertible bonds outstanding throughout 2014. Each $1,000 bond is convertible into 30 shares of common stock. The bonds sold originally at par.
Net income for 2014 was $300,000 and the tax rate is 40%.
The preferred dividends were paid in 2014.
A) Basic earnings per share reported by Pop Company for 2014 is?
B) Diluted earnings per share reported by Pop Company for 2014 is?
|
Bodily injury liability coverage
: Thad Joslin was judged at fault in an automobile accident. Three others were awarded damages of $150,000, $75,000, and $75,000. Thad has 100/300 bodily injury liability coverage. What amount, if any, would not be covered by his insurance?
|
|
Invest funds nominally at an annual rate
: You just got a call from your uncle indicating he just won $40,000 in the New York Take Five. He needs some financial advice. The state offers three different payout plans: a: He can receive $40,000 today, b: He can receive $100 per week for 10 years..
|
|
What is the difference in the annual inflation rates
: Suppose the current exchange rate for the Russian ruble is RUB 37.72. The expected exchange rate in three years is RUB 34.56. Assume that the anticipated inflation rate is constant for both countries. What is the difference in the annual inflation ra..
|
|
The variable cost of making one photo
: Jane wants to setup a photo shop. The cost to rent an office is $150 per week. The variable cost of making one photo is $20 and she can sell it for $50. Jane has to sell photos per week to break even. If Jane sells 10 units, her profits would be doll..
|
|
The preferred dividends were paid
: Pop Company had 100,000 shares of common stock outstanding on January 1, 2014. On September 30, 2014, Pop sold 48,000 shares of common stock for cash. The preferred dividends were paid in 2014.
|
|
What is the amount of dividends common shareholders
: The shareholders' equity of Bill Corporation includes $200,000 of $1 par common stock and $400,000 of 6% cumulative preferred stock. What is the amount of dividends common shareholders will receive in 2014?
|
|
The bonds are selling at par value-what is cost of equity
: Country Markets has an unlevered cost of capital of 12 percent, a tax rate of 38 percent, and expected earnings before interest and taxes of $15,700. The company has $11,000 in bonds outstanding that have a 6 percent coupon and pay interest annually...
|
|
What will the stock price per share be after the stock
: Tucker's National Distributing has a current market value of equity of $10,665. Currently, the firm has excess cash of $640, total assets of$22,400, net income of $3,210, and 500 shares of stock outstanding. Tucker's is going to use all of its excess..
|
|
What is the firms weighted average cost of capital
: Phillips Equipment has 80,000 bonds outstanding that are selling at par. Bonds with similar characteristics are yielding 6.75 percent. The company also has 750,000 shares of 7 percent preferred stock and 2.5 million shares of common stock outstanding..
|