Maurice Tutor

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About Maurice Tutor

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 402 Weeks Ago, 3 Days Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 17 Aug 2017 My Price 13.00

calendar-year corporation.

Image for Average Joe's Gym is a calendar-year corporation. At December 31, 2013, 800,000 common shares were outstanding

Show transcribed image text Average Joe's Gym is a calendar-year corporation. At December 31, 2013, 800,000 common shares were outstanding. On April 1, 2014, an additional 400,000 common shares were issued, for a total of 1,200,000 common shares outstanding at December 31, 2014. Average Joe's also issued $600,000 of 20-year, 8% convertible bonds at par on July 1, 2014. Each $1,000 bond converts to 40 shares of common stock at any interest date. None of the bonds were converted during 2014. Average Joe's net income for the year ended December 31, 2014 is $1,540,000, and the corporate tax rate is 40%. Use the following outline to calculate Average Joe's basic and diluted earnings per share for the year ended December 31, 2014. Calculation of Weighted Average Shares Earnings per share (basic) Weighted average shares 8% bonds converted Weighted average shares AS IF Net income Interest on 8% bonds Additional corporate tax Adjusted net income Earnings per share (diluted)

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Maurice Tutor
(5)
Status NEW Posted 17 Aug 2017 05:08 PM My Price 13.00

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