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please help, I'm stuck on the last question. please show workings this is all the information given and answers I have so far need to
please help, I'm stuck on the last question. please show workings
this is all the information given and answers I have so far
need to know the following workings to solve below part t
simplicity, ignore the requirement to book the convertible bonds' equity portion separately. Your answer is correct. Calculate the income effect of the dividends on preferred shares. Dividends on preferred shares Your answer is correct. Calculate basic earnings per share for 2020. (Round answer to Determine an incremental per share effect for 6% preferred shares. (Round earnings per share to 2 decimal places, eg. 15.25.) Calculate the proceeds from assumed exercise of 75,000 options. Proceeds from exercise of options $ Calculate the incremental shares oustanding upon the exercise of options. The incremental shares oustanding upon the exercise of options Pharoah Inc. has 1.05 million common shares outstanding as at January 1, 2020. On June 30, 2020, 4\% convertible bonds were converted into 115,000 additional shares. Up to that point, the bonds had paid interest of $590,000 after tax. Net income for the year was $1,299,962 During the year, the company issued the following: 1. June 30: 12,090 call options giving holders the right to purchase shares of the company for $34 2. Sept 30: 17,090 put options allowing holders to sell shares of the company for $29 On February 1, Pharoah also purchased in the open market 12,090 call options on its own shares, allowing it to purchase its own shares for $31. Assume the average market price for the shares during the year was $39. Assume further the following: 1. On September 30,230,000 convertible preferred shares were redeemed. If they had been converted, these shares would have resulted in an additional 115,000 common shares being issued. The shares carried a dividend rate of $3 per share to be paid on September 30 . No conversions have ever occurred. 2. There are 11,800 of $1,000,5% convertible bonds outstanding with a conversion rate of three common shares for each bond starting January 1, 2021. Beginning January 1, 2024, the conversion rate is six common shares for each bond; and beginning January 1,2028 , it is nine common shares for each bond. The tax rate is 30%. Your answer is correct. Calculate weighted common shares outstanding. Weighted common shares outstanding Your answer is correct. Calculate the income effect of the dividends on preferred shares. Dividends on preferred shares $ Calculate the basic earnings per share under IFRS. For simplicity, ignore the impact that would result from the convertible debt being a hybrid security. (Round answer to 2 decimal places, eg. 15.25.) Basic EPS \$ Determine an incremental per share effect for $3 preferred shares. simplicity, ignore the requirement to book the convertible bonds' equity portion separately. Your answer is correct. Calculate the income effect of the dividends on preferred shares. Dividends on preferred shares Your answer is correct. Calculate basic earnings per share for 2020. (Round answer to Determine an incremental per share effect for 6% preferred shares. (Round earnings per share to 2 decimal places, eg. 15.25.) Calculate the proceeds from assumed exercise of 75,000 options. Proceeds from exercise of options $ Calculate the incremental shares oustanding upon the exercise of options. The incremental shares oustanding upon the exercise of options Pharoah Inc. has 1.05 million common shares outstanding as at January 1, 2020. On June 30, 2020, 4\% convertible bonds were converted into 115,000 additional shares. Up to that point, the bonds had paid interest of $590,000 after tax. Net income for the year was $1,299,962 During the year, the company issued the following: 1. June 30: 12,090 call options giving holders the right to purchase shares of the company for $34 2. Sept 30: 17,090 put options allowing holders to sell shares of the company for $29 On February 1, Pharoah also purchased in the open market 12,090 call options on its own shares, allowing it to purchase its own shares for $31. Assume the average market price for the shares during the year was $39. Assume further the following: 1. On September 30,230,000 convertible preferred shares were redeemed. If they had been converted, these shares would have resulted in an additional 115,000 common shares being issued. The shares carried a dividend rate of $3 per share to be paid on September 30 . No conversions have ever occurred. 2. There are 11,800 of $1,000,5% convertible bonds outstanding with a conversion rate of three common shares for each bond starting January 1, 2021. Beginning January 1, 2024, the conversion rate is six common shares for each bond; and beginning January 1,2028 , it is nine common shares for each bond. The tax rate is 30%. Your answer is correct. Calculate weighted common shares outstanding. Weighted common shares outstanding Your answer is correct. Calculate the income effect of the dividends on preferred shares. Dividends on preferred shares $ Calculate the basic earnings per share under IFRS. For simplicity, ignore the impact that would result from the convertible debt being a hybrid security. (Round answer to 2 decimal places, eg. 15.25.) Basic EPS \$ Determine an incremental per share effect for $3 preferred shares
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