Unlike excise taxes, price ceilings create no deadweight loss. <br> a. True <br> b. False

Newton Inc. uses a calendar year for financial reporting. The company is authorized to issue 9,053,000 shares of $10 par common

DedPeter [7]

Answer:

1. The weighted-average number of common shares to be used in computing earnings per common share for 2014 on the 2015 is 2,654,300 shares.

2. The weighted-average number of common shares to be used in computing earnings per common share for 2014 on the 2014 is 4,256,300 shares

3. The weighted-average number of common shares to be used in computing earnings per common share for 2014 on the 2015 is 8,512,600 shares

4. The weighted-average number of common shares to be used in computing earnings per common share for 2015 on the 2015 is 9,580,600 shares.

Explanation:

1. To calculate the weighted-average number of common shares used in computing earnings per common share for 2013 on the 2014 comparative income statement we would have to ake the following calculation:

Jan1.2013-Sep30.2013(2,413,000*9/12)=1,809,750

retroactive adjustment for stock dividend ×1.10

Jan1.2013-Sep30.2013 adjusted= 1,990,725

Oct.2013-Dec31.2013(2,654,300*3/12)= 663,575

Therefore, the weighted-average number of common shares to be used in computing earnings per common share for 2014 on the 2015 is 2,654,300 shares.

2. To calculate the weighted-average number of common shares used in computing earnings per common share for 2014 on the 2014 comparative income statement we would have to make the following calculation:

Jan1.2014 -Mar31.2014(2654300*3/12) 663575

April1.2014 -Dec31.2014 (4790300*9/12) 3592725

Therefore, the weighted-average number of common shares to be used in computing earnings per common share for 2014 on the 2014 is 4,256,300 shares

3. To calculate the weighted-average number of common shares to be used in computing earnings per common share for 2014 on the 2015 comparative income statement we would have to make the following calculation:

2014 weighted average no of shares 4256300

Retroactive adjustment for stock split ×2 =8512600

Therefore, the weighted-average number of common shares to be used in computing earnings per common share for 2014 on the 2015 is 8,512,600 shares

4. To calculate the weighted-average number of common shares to be used in computing earnings per common share for 2015 on the 2015 comparative income statement we would have to make the following calculation:

Jan1.2015-Mar31.2015 (4790300*3/12)=1197575

Retroactive adjustment for stock split ×2

Jan1-Mar31.2015 adjusted. 2395150

Mar1.-Dec31.2015 (9580600*9/12)= 7185450

Therefore, the weighted-average number of common shares to be used in computing earnings per common share for 2015 on the 2015 is 9,580,600 shares.

8 0

3 years ago

Do the results of the experiment support the camouflage hypothesis? do the results of the experiment support the camouflage hypo

Bond [772]

I guess the last option is the best answer.

Yes; mouse models with camouflage coloration were preyed on less often than non-camouflaged mouse models.

3 0

4 years ago

You wish to sell short 100 shares of XYZ corporation stock. If the last two transactions were at $34.10 followed by $34.15, you

yan [13]

Answer: b. 34.15 or higher

Explanation:

Short sales refer to the sale of borrowed stocks in anticipation that the stock price of the underlying stock will fall. This will then enable you to make a profit by buying the cheaper shares and giving it back to the entity you borrowed from thereby making a profit.

With short sales, the price is usually upward trending so will normally increase from the last price. As the last price here was $34.15, that would be the likely minimum for the next sale.

This means that the next sale will either be at a price of $34.15 or a price higher than that.

6 0

3 years ago

Suppose that the government of Ping's country hears of the working conditions and the country seizes the Quality Dragon plant wh

ella [17]

Answer: a. expropriation

Explanation:

Expropriation happens when privately owned property are forcefully taken by government for it to be used by the general public. It is an act of depriving people of their right to property, although expropriation is to the advantage of the general public. In most countries especially in the US expropriation occurs when there is a need to embark on certain infrastructural project such as airports, railroads, etc.

6 0

3 years ago

Bob and Susie wash cars for extra money over the summer. Bob's income is determined by f(x) = 6x + 13, where x is the number of

KatRina [158]

We are given with two functions: f(x) = 6x + 13 and g(x) = 4x + 18. We are given with h(x) which is associated with f(x) + g(x). The sum of 6x + 13 + 4x + 18 equal to 10x + 31 indicating Bob will make more money working alone or by teaming with Susie. The answer hence to this problem is C. h(x) = 10x + 31, team with Susie

6 0

3 years ago

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Unlike excise taxes, price ceilings create no deadweight loss. a. True b. False