1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
sladkih [1.3K]
3 years ago
13

On January 1, 2021, Tonge Industries had outstanding 480,000 common shares ($1 par) that originally sold for $30 per share, and

6,000 shares of 10% cumulative preferred stock ($100 par), convertible into 60,000 common shares.
On October 1, 2021, Tonge sold and issued an additional 16,000 shares of common stock at $37. At December 31, 2021, there were 22,000 incentive stock options outstanding, issued in 2020, and exercisable after one year for 22,000 shares of common stock at an exercise price of $34. The market price of the common stock at year-end was $52. During the year, the price of the common shares had averaged $44.

Net income was $940,000. The tax rate for the year was 40%.

Required:

Compute basic and diluted EPS for the year ended December 31, 2021. (Enter your answers in thousands.)

Business
2 answers:
harkovskaia [24]3 years ago
8 0

Answer:

Basic EPS = $1.82

Diluted EPS = $1.72

Explanation:

The picture attached herewith shows the calculation to the problem and it is so explanatory.

ira [324]3 years ago
5 0

Answer:

842,000 shares

Explanation:

Please the solution to the given problem in the file attached below

You might be interested in
To complete your degree and then go through graduate school, you will need $95,000 at end of each of the next 8 years. Your Aunt
VARVARA [1.3K]

Answer:

PMT = $95,000

Rate = 4%

Life = 8 years

a. Amount to be deposited today

= PV(Rate, N, -PMT)

= PV(4%, 8, -95,000)

= $639,610.76

b. Amount in account after 3rd withdrawal

= PV(Rate, N, -PMT)

= PV(4%, 5, -95,000)

= $422,913.12

c. Balance in account after 8th withdrawal

= = PV(Rate, N, -PMT)

= PV(4%, 0, -95,000)

= $0

d. How much would you have at the end of 8 years?

= FV(4%, 8, -639610.76)

= $875,351.49

5 0
3 years ago
An individual purchased a fixed annuity with flexible premiums. When she annuitized the policy, she chose the Life Income 10-Yea
Dvinal [7]

Answer:

The beneficiary should receive 6 more years of payment.

Explanation:

An annuity certain option guarantees that the insured or his/her beneficiaries will receive payments for a minimum period of time in case the insured dies.

In this question the certain option was 10 years, during the first 4 years the insured received his/her annuity payments, but once the insured passed away, his/her beneficiaries will continue to receive payments until the 10 year period ends (6 more years).

5 0
3 years ago
It is has been estimated that there are ________ varieties of psychopathology.
jolli1 [7]
It has been estimated that there are over 300 varieties of psychopathology. These have been divided into eleven major classes.
3 0
3 years ago
Which of the following are true if you pay only the minimum amount each month towards your credit card bill?
Stels [109]
You will have a higher interest and will be in debt for longer
6 0
3 years ago
What term is used to describe the method that allows coplink to access many different databases of law enforcement agencies with
slamgirl [31]

The term is used to describe the method that allows copy link to access many different databases of law enforcement agencies with varying data fields is a multi-dimensional approach Option A

This is further explained below.

<h3>What is a multi-dimensional approach?</h3>

Generally, Because we are utilizing an appropriate and specialized way to access the data basis of law enforcement under multiple data fields, we are able to state that the described method operates under the term known as a multi-dimensional approach.

This is an approach in which the database is accessed and analyzed via numerous dimensions, or we can call data to feel categories, in order to produce appropriate results and more efficient functioning.

In summary, we may reach the following conclusion after reviewing the information presented above: the choice that was picked is the optimal response to the inquiry that was posed.

The question that was presented before has been addressed and clarified; if you have any other questions, please leave them in the comments area below.

Read more about the multi-dimensional approach

brainly.com/question/14522063

#SPJ1

5 0
1 year ago
Other questions:
  • Mountain Dental Services is a specialized dental practice whose only service is filling cavities. Mountain has recorded the foll
    7·1 answer
  • The Matthews want to split their refund between savings and checking accounts. How is this accomplished, if possible?
    15·1 answer
  • When does information become a liability for an organization?
    5·1 answer
  • The ppi includes the prices of capital goods?
    7·2 answers
  • Bed &amp; Bath, a retailing company, has two departments: Hardware and Linens.
    11·1 answer
  • You find a fossil, and through careful study you find that only one-sixteenth of the carbon-14 that it once contained is still r
    7·1 answer
  • Which option best describes a professional person?
    15·1 answer
  • If STUDENT and COURSE participate in a relationship, this is an example of a(n):
    9·1 answer
  • According to Levitt, which of the following statements is true? A. Technology drives the world toward a converging commonalty B.
    5·1 answer
  • Wasif would like to add some flair to text on a slide in his presentation. Which option can he use to create more dynamic graphi
    5·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!