At December 31, 2019, Talbot Corporation had 90,000 shares of common stock and 20,000 shares of convertible preferred stock outstanding, in addition to 9% convertible bonds payable in the face amount of $2,000,000. During 2019, Talbot paid dividends of $2.50 per share on the preferred stock. The preferred stock is convertible into 20,000 shares of common stock. The 9% convertible bonds are convertible into 30,000 shares of common stock. Net income for 2019 was $970,000. Assume an income tax rate of 30%. How much is the diluted earnings per share for the year ended December 31, 2019

Answers

Answer 1

Answer:

Diluted Earnings per share= $6.9

Explanation:

Earnings per share is the return attributable to each unit of outstanding ordinary share.

It is computed as the Net Income/Number of ordinary shares outstanding

The diluted earnings per share is the EPS assuming all convertible securities were all converted.

Converted shares is computed as follows:

                                         units

Preferred shares    =     20,000

Convertible bonds =     30,000

Total                               50,000

Total outstanding shares ranking for Earnings = Ordinary shares + Converted shares

= 90,000 + 50,000 = 140,000

Diluted Earnings per share = 970,000/140,000= $6.9

Diluted Earnings per share= $6.9


Related Questions

The challenges of promoting a new product are considered during the screening and evaluation stage of new product development.

True
False

Answers

This is true. I hope this helps and have a great day (Also brainliest would be appreciated but you don’t have to) :)

explain the effect of a lack of shortage of entrepreneurs in the economy ​

Answers

Explanation:

Lack of entrepreneurs will lead to lower jobs, innovative products and a decline in economy. By developing new technology, goods, and services, entrepreneurs help to fuel the economic growth.

Sales Tax is the amount added to a purchase that is charged by the government
True
O False

Answers

Answer:

True

Explanation:

If I am wrong, I am sorry!

What happens to the area of a circle if the circumference is doubled?
A. The area is 1/2 of the original circle
B. The area is the same as the original circle
C. The area is 2 times the original circle
D. The area is 4 times the original circle
E. The area is 8 times the original circle​

Answers

Answer:

Option C

.........djhxushsjsg

Answer:

Hello There!!

Explanation:

The answer is D. The area is 4 times the original circle.

hope this helps,have a great day!!

~Pinky~

Working conditions in the United States in the early 1900’s can best be described as _____.
a. Beneficial
b. Atrocious
c. Rewarding
d. Simple

Answers

Answer:

b. Atrocious

Explanation:

many injuries and low wage

Answer:

its b yall

Explanation:

Homestead Co. reported the following in its statement of stockholders' equity on January 1, Year 4: Common stock, $10 par value, authorized 1,000,000 shares, issued 200,000 shares $2,000,000 Additional paid-in capital 600,000 Retained earnings 1,500,000 $4,100,000 Less treasury stock, at cost, 10,000 shares (180,000) Total stockholders' equity $3,920,000 The following events occurred in Year 4: March 1: 8,000 shares of treasury stock were reissued for $96,000. August 1: 5,000 shares of previously unissued common stock were sold for $15 per share. December 1: The distribution of a 2-for-1 stock split resulted in halving of the common stock's per-share par value. Homestead accounts for treasury stock under the cost method. Laws in the state of Homestead's incorporation protect shares held in treasury from dilution when stock dividends or stock splits are declared. The number of outstanding common shares at December 31, Year 4, should be

Answers

This question is to complex. In Order for this to be answerable you would need to put it into chunks

When buying school clothes at her favorite store, Evie is offered a credit card that can only be used at that particular store. She can earn points by shopping there and using their specific card. Which type of credit card was offered to Evie? A. a debit card B. a gift card C. a stored value card D. a retail credit card

Answers

Answer:

It would be C.) A Store Valued Card because it can only be used within that store/company and cannot act as actual currency elsewhere.

Explanation:

if ur taking the plato final goodluck to u

Based on the fact that Evie can only use the credit card in one particular store, this is most likely a D. a retail credit card.

What is a retail credit card?

Also known as a store credit card, this kind of card can only be used in a certain store.

This card can be used to earn points when purchases are made which allows for discounts on other purchases.

Find out more on store credit cards at https://brainly.com/question/25647969.

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Explain ten ways how logic and critical thinking as a course can impaet on lives and businesses across the globe

Answers

Explanation:

1- Logic is an analytical instrument capable of determining the truth of a thought. Following a logical argument, human beings can distinguish right from wrong.

2- Critical thinking comes from logic, through which individuals can evaluate and argue any foundation, comment, content without being imposed as an absolute truth.

3- The use of logic and critical thinking then helps man to empower himself in the social, economic and political spheres, evaluating from his own perspective situations that can directly impact his life.

4- Logic induces man to success, which expands his possibilities for personal and professional creation and development.

5- Critical thinking helps man to have greater control and focus on his own life and ambitions.

6- In business, logic helps in the decision-making process, bringing greater transparency to organizational decisions.

7- Critical thinking helps a leader to have greater conceptual ability, by expanding his observation and vision of the organizational whole.

8- In an organization, critical thinking is an essential factor for the development of innovative and creative solutions.

9- Logic enables the development of intelligent systems capable of facilitating projects and organizational systems.

10- Critical thinking is a fundamental instrument for personal development, for generating new knowledge and for innovation and creativity.

Complete the following sentence.
___work involves working for different employers by the assignment without long-term
commitment.

Answers

Answer:

Contractor

Explanation:

Typically, CONTRACTOR work involves working for different employers by the assignment without a long-term commitment.

This is because the contractor is only meant to deliver the job well or as agreed and eventually get paid for his services on that particular project. The contractor is not on the payroll of the employer. He has a client-contractor relationship with the employer instead of the employer-employee relationship

________________ mortgage is two or more mortgages consolidated into one payment, and is usually designed to allow the buyer to purchase with a smaller down payment, with the added benefit of a below market interest rate first mortgage. The sellers receive all of their cash at the time of closing, while the lender wraps new money around an existing assumable loan. This type of loan limits its use to homes with an existing FHA or VA loans because most other conventional loans have alienation or due on sale clauses.

Answers

Answer:

wrap around mortgage

Explanation:

A wrap-around mortgage is can be used in deals of owner-financing.

Wrap around mortgage refers to two or more mortgages consolidated into one payment. Such type of mortgage allow the buyer to purchase with a smaller down payment. A buyer also gets an added benefit of a below market interest rate first mortgage. A wrap-around mortgage can only be used to homes with an existing FHA or VA loans.

In the Month of March, Baldwin received orders of 156 units at a price of $15.00 for their product Bolt, and in April receives an order for 39 units of their product Bolt at $15.00. Baldwin uses the accrual method of accounting and offers 30-day credit terms. Baldwin delivers 0 units in March, 156 units in April and 39 units in May. They received payment for 156 units in April and payment for 39 units in May.

Required:

How much revenue is recognized on the March income statement from this order?

Answers

I think the answer is (66 I got Thai chicken salad and a wonderful meal so 3+2= 7

create a SWOT/SWOC analysis of one of the following companies.
ALDI
LIDL
Penneys/Primark
Coca Cola
Audi
Tesco
Dunnes Stores
IKEA
Topshop
JD Sports

Answers

Answer:

coca cola

Explanation:

s- coca cola is enjoyed all over the world therefore it will always make money

w- coca cola is a sugary drink which some people won't enjoy

o- coca cola can expand and make it more accessible to people local shops

t-coca cola is in competition with many other soda brands

which goal is an example of a measurable goal?

Answers

Sales Target

Explanation:

A sales target is an example of a measurable goal and it is probably the most common, and perhaps the most important, measurable goal in a firm.

It simply consists in determining a minimum number of goods or services to be sold, measured in either physical or monetary terms, in order to keep the firm afloat and profitable.

For example, a firm that sells cars can determine that for the month of january it must sell at least 250 cars in order to stay in business. If the goal is not reached, the sustainability of the firm can be endangered.

Help by None other than the #QUEEN herself #DRIPPQUEENMO

____ the process to sell products and / or Services of a company and abide by their strict rules(blue print) as to how it does business.

Answers

Answer: Business ethics

Explanation:

Business ethics is described as how an organization carries our it's business, which anyone doing business with them would have to consider and work with it.

Various organization have their rules as to how they carry out their business operations, most reflect theirs by you taking up their registration process then you would be issues their terms and conditions with payment pattern inclusive.

Do they educate people so they just stop speeding themselves? Or do they prevent speeding in certain areas and people speed regardless when they’re not in a speed check zone?

Answers

Answer:

some educate people so they can just stop speeding themselves

An example of a fixed cost is

A) rent

B) materials

C) labor

D) supplies

Answers

Answer:

A) Rent

Explanation:

This is a fixed cost because rent generally does not change.

A-rent (got right on test )

Which situation best illustrates the role of businesses in the circular flow of
goods?

Answers

Answer:

D. A company designs a new line of laptops.

Explanation:

Apx

If you’ve insured a home for $200,000 and the home is only worth $150,000, you can only receive $150,000 at the most if you file a claim. A. True B. False

Answers

Answer:

It is true

Explanation:

Got it right! :D

The insurance payout is based on the cost to rebuild or repair the home, not the market value or appraisal value, so you could potentially receive up to the policy limit of $200,000 if the cost to rebuild or repair is higher than the home's value. Therefore, the given statement is false.

What is insurance payout?

An insurance payout refers to the amount of money that an insurance company pays to its policyholder or beneficiary when a covered loss or event occurs. The payout is typically based on the terms of the insurance policy and the amount of coverage that the policyholder has purchased.

Insurance payouts can be made in various forms, including cash, check, or electronic transfer. They are intended to compensate the policyholder or beneficiary for the financial losses incurred as a result of the covered event, such as property damage, personal injury, or death.

In order to receive an insurance payout, the policyholder must file a claim with the insurance company and provide documentation of the loss or event. The insurance company will then review the claim and determine the amount of the payout based on the terms of the policy and the circumstances of the loss.

Learn more about payout here:

brainly.com/question/15136793

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What is the median of this
data?
3, 4, 7, 6, 1

Answers

the answer is 4 i think

Define ''limited in stock''

Answers

Answer:

Inventory status of “Limited Stock” means that the retailer is reporting an item quantity of 1 on hand. This last remaining unit is oftentimes a display model of the product and therefore may not be available for sale. Occasionally a retailer may indicate "Limited Stock" for high demand items as well.

Explanation:

Functions of Money Jeffrey has had a busy day. Today he went to a financial manager to begin planning for his son's future. He opened a college savings account. This is an example of a

Answers

Answer:

Store of value.

Explanation:

In economics or financial accounting, money can be defined as any asset used by an individual or business entity to make purchases of goods and services at a specific period of time.

Simply stated, money refers to any asset which can be used to purchase goods and services by customers.

This ultimately implies that, money is any recognized economic unit that is generally accepted as a medium of exchange for goods and services, as well as repayment of debts such as loans, taxes across the world.

The three (3) main functions of money all over the world are;

I. Medium of exchange.

II. Unit of account.

III. Store of value.

In this scenario, Jeffrey went to a financial manager to begin planning for his son's future by opening a college savings account. Thus, this is is an example of a store of value because the purchasing power was transferred from the present to the future.

In conclusion, money being a store of value makes it possible to transfer purchasing power between traders and buyers from the present to the future.

A stock currently sells for $25 per share and pays $0.24 per year in dividends. What is an investor's valuation of this stock if she expects it to be selling for $30 in one year and requires a 15 percent return on equity investments? Working out

Answers

Answer:

$26.30

Explanation:

Calculation to determine the investor's valuation of this stock

Using this formula

Investor's valuation of the stock = [Dividend / (1 + rate)] + [Selling price / (1 + rate)]

Let plug in the formula

Investor's valuation of the stock = [$0.24 / (1 + 0.15)] + [$30 / (1 + 0.15)]

Investor's valuation of the stock = $0.21 + $26.09

Investor's valuation of the stock = $26.30

Therefore the investor's valuation of this stock will be $26.30

What is innovation? (Media Literacy)

A. A groundbreaking idea, product, or method
B. A technological tool that drives hyperlinks
C. An exciting development in a story's plot
D. A story that nobody has ever heard before

Answers

Answer:

A. A groundbreaking idea, product, or method

Explanation:

Innovation refers to the process that leads to the formation of new ideas that has been been invented before. It refers to the fresh ideas that helps in attracting people inn terms of business. Idea generation helps in new development and thereby helps in the progress. The introduction of the idea from the existing resources helps in the formation of new ideas that take the shape of innovation.

Prior to February 28, a company has never had any treasury stock transactions. A company repurchased 100 shares of its common stock on April 30 for $40 per share. On June 20, it reissued 50 of these shares at $46 per share. On September 1, it reissued 20 of the shares at $38 per share. What is the balance in the Treasury Stock account on November 2

Answers

Answer: $2,760

Explanation:

The Treasury account is for a company's own shares that it buys back.

Company purchased 100 shares for $40:

= 100 * 40

= $4,000

June 20, they sold 50 of these shares. It will be deducted from the Treasury account at cost. Balance is:

= 4,000 - (50 * 40)

= $2,000

On September 1, 20 shares at $38 were reissued. Balance in Treasury Account goes to:

= 2,000 + (20 * 38)

= $2,760

What does the visible property control?

A which fields are displayed for each record
B how an object is affected by resizing the window
C how many objects can be included in a single form
D the number of records that can be displayed on a form

Answers

Answer:

A

Explanation:

EDGE 2021

9. The financial aid you receive is called
1) an award
2) a grace period
3) a renewable award
4) non-renewable award

Answers

The answer to your question is...
An Award.

⚠︎IF SOMEONE SHARES A LINK DO NOT GO TO IT! IT WILL DOWNLOAD A VIRUS!⚠︎

ok have a good day ❀

Answers

Answer:

tank us.

Explanation:

1. How does income get from business to Consumers?​

Answers

The transfer and redistribution of capital happens through multiple mechanisms and directional flows

Transfers of income from businesses to consumers can occur through the economic redistribution from taxation. Businesses can also sell to consumers who in-turn resell.

Paula is in charge of maintaining good relationships between her organization and local government, business leader groups, and the general public. Paula's responsibilities can be called _____. a. public relations b. advertising c. sales promotion d. personal selling e. press coordination

Answers

Answer:

a. public relations

Explanation:

As the name suggest that public relations means the relations that should be made between the organization and the general public, local government, leader groups, etc. It would create a positive image for the public at large by communicating with the people so that they get to know about the company

Therefore according to the given situation, the option a is correct

Knowledge Check 01 Byrd Corporation issued 5,000 shares of $0.05 par value common stock for $10 per share. Prepare the appropriate journal entry to record the stock issuance. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)

Answers

Answer and Explanation:

The journal entry to record the stock issuance is shown below:

Cash Dr (5,000 × $10) $50,000

       To Common stock $250 (5,000 × $0.05)

       To Additional paid in capital - common stock $49,750

(Being the issuance of the shares is recorded)

Here cash is debited as it increased the assets and common stock & additional paid in capital is credited as it increased the liabilities

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