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timurjin [86]
3 years ago
13

Colt Corporation purchased Massey Inc. and agreed to give stockholders of Massey Inc. 50,000 additional shares in 2020 if Massey

Inc.'s net income in 2019 is $600,000 or more; in 2018 Massey Inc.'s net income is $615,000. Colt has net income for 2018 of $1,500,000 and has an average number of common shares outstanding for 2018 of 500,000 shares. What should Colt report as earnings per share for 2018?Basic EarningsPer Share...Diluted Earnings Per Share1. $3.00...$3.002. $2.73...$2.733. $2.73...$3.004. $3.00...$2.73
Business
1 answer:
Tpy6a [65]3 years ago
4 0

Answer:

4. $3.00...$2.73

Explanation:

Basic EPS = Net income/average number of shares outstanding

                 = 1500000/500000

                 = $3 per share

Diluted EPS = 1500000/(500000 + 50000)

                    = $2.73 per share

Therefore, Colt should report earnings per share for 2018:

Basic Earnings Per Share of $3

Diluted Earnings Per Share of $2.73

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Alex_Xolod [135]

Answer:

d. set aside the award.

Explanation:

Arbitration is the means by which legal issues are settled with the help of an impartial party called the arbitrator. In an arbitration the parties are bound by decisions made. All parties must be present and agree to the settlement terms.

However in this instance the arbitrator met with only one party (Far Trade Company) and made a settlement. This settlement is not binding on Global Shipping since they did not attend the meeting and agree to the settlement terms.

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3 years ago
A new manager has been in their role for three months. They take time each day to get to know and socialize with their team, and
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Answer:

Relationship oriented

Explanation:

Relationship oriented leadership is one that is based based mainly on interaction with people. Such leaders are mentors to their subordinates and get feedback from their reports are incorporated into the decisions they make.

They create a positive work environment and enjoyable.

In this instance the manager takes time each day to get to know and socialize with the team, and often meets with employees to discuss various challenges they are facing.

However as efficiency is down and deadlines are not met. The manager is taking a disproportionate relationship oriented leadership style, and he needs to be autocratic and enforce initiatives to improve efficiency and make them meet deadlines.

3 0
3 years ago
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an analyst gathered the following data about a company: 1,000 common shares are outstanding (no change during the year). net inc
SashulF [63]

The company's diluted earnings per share is $4.09

<h3>What is Diluted Earnings per share?</h3>

A metric known as "diluted EPS" is used to assess how well a company's earnings per share (EPS) would perform if all convertible securities were exercised. The entire circulating supply of convertible preferred shares, convertible debentures, stock options, and warrants are considered convertible securities. Take a company's net income to determine diluted EPS.

Net income - any preferred/ by the sum of the weighted average number of shares outstanding and dilutive shares (convertible preferred shares, options, warrants, and other dilutive securities).

$5000-$500/1,100= $4.09

To know more about Earning per shares visit:

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8 0
1 year ago
Astin Company has current assets of $82,530, total assets of $242,050, total net income of $58,240, current liabilities of $72,1
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Answer:

$10,410

Explanation:

Working capital is the difference between a company's current or short term assets and its current liabilities or short term obligations. It gives an insight as to how liquid an organization is.

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= $10,410

Astin's Company's working capital is $10,410

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Which group works to help members establish internal political stability?
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The answer for this question is C
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