What is the total number of potential ordinary shares

Assignment Help Financial Accounting
Reference no: EM132543958

Point 1: Hanzel Company had 200,000 ordinary shares, 20,000 convertible preference shares, and 5,000,000 of 10% convertible bonds outstanding during the current year.

Point 2: The preference shares are convertible into 40,000 ordinary shares.

Point 3: Each 1,000 bond is convertible into 5 ordinary shares.

Point 4: During the current year, the entity paid dividends of 20 per share on the ordinary shares and 40 per share on the preference shares.

Point 5: The net income for the current year was 8,000,000 and the income tax rate is 30%

Question 1. What amount should be reported as basic earnings per share?

a. 40.00

b. 35.00

c. 16.00

d. 36.00

Question 2. What is the total number of potential ordinary shares?

a. 40,000

b. 65,000

c. 45,000

d. 60,000

Question 3. What amount should be reported as diluted earnings per share?

a. 36.00

b. 33.56

c. 31.51

d. 30.19

Reference no: EM132543958

Questions Cloud

Sites like trip advisor : Sites like Trip Advisor, Yelp, AirBNB, and Trivago all help travelers make more informed decisions. Do you have the app on your phone?
How much was baltimore revenue for the year : How much was Baltimore's revenue for the year? Baltimore Company experienced a total increase in stockholders' equity of $29,000
Why you chose the person to interview : Why you chose this person to interview. The interview subject's cultural background and the culture and/or subcultures to which he or she belongs.
How much interest will you pay over the life : The total amount of the mortgage loan is $150,000. How much interest will you pay over the life of the mortgage?
What is the total number of potential ordinary shares : What is the total number of potential ordinary shares? Hanzel Company had 200,000 ordinary shares, 20,000 convertible preference shares, and 5,000,000
Define the identity of the person the avatar represents : Read the story titled Alter Egos in a Virtual World and listen to the podcast on Digital Life (click "Listen"). In online worlds and games, people take.
Budgeting for an interest rate : With all the expenses of having a new child they feel they can only afford to put away $75 a month but they plan to continue doing so until the child turns 18.
Explain operations management : explain, operations management? explain three quality costs. What is a strategic partnership? Explain the challenges of outsourcing
What is the break-even spot rate for sally : What is the break-even spot rate for Sally? Calculate. Calculate Profit or Loss of Sally if the spot rate at the maturity is $0.645/S$.

Reviews

Write a Review

Financial Accounting Questions & Answers

  What is the stocks value today and one year from today

What is the stock's value today and one year from today? What is its expected dividend yield, capital gains yield, and total return in Year 1?

  Capital account after the new partnership is created

The capital account balances for Donald and Hanes, LLP on Jan. 1, 2013 were as follows: Donald, capital $200,000; Hanes, capital $100,000. Donald and Hanes shared net income and losses in the ratio of 3:2 respectively. The partners agreed to admit Ma..

  Compute and compare the net present value

BU 610 - Finance and Accounting for Decision-Making - Herzing University - Compute and compare the net present value and payback period of each option

  Prepare journal entries to recognize bad debts

At the beginning of 2016, Miyazaki Company’s Accounts Receivable balance was $105,000, and the balance in Allowance for Doubtful Accounts was $1,950. Miyazaki’s sales in 2016 were $787,500, 80% of which were on credit. Prepare journal entries to reco..

  Determine contribution margin

Determine the following Contribution margin, break even, targeted profit and Gilley, Inc., sells a single product.The company's most recent income statement.

  Calculate the company total required production in units

Calculate the company's total required production in units of finished product for the entire three month period ending September 30.

  The adjustment for accrued revenues

The matching principle requires that. The adjustment for accrued revenues

  Compute factored receivables and write journal entries

Don't erase your work and leave a blank problem. If you start working, and find you are out of your depth, go on to another problem, but don't erase the work you put into that problem.

  Determine the nonvalue-added cost of each given activity

Dykes, Inc. has following two activities: Retesting reworked products, cost: $160,000. Determine nonvalue-added cost of each activity.

  Hardly a day goes by without an article appearing on the

hardly a day goes by without an article appearing on the crises affecting many of our financial institutions in the

  What is the correct entry for recording the june

What's the correct entry for recording the June 30 interest payment on the bonds? On January 1, $500,000 of 8%, 10-year bonds were sold for $530,000.

  Evergreen corporation assets during the current year

Asset Placed in Service Date Original Basis Machinery October 25 $ 70,000 Computer equipment February 3 10,000 Used delivery truck* August 17 23,000 Furniture April 22 150,000

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!

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