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vlada-n [284]
3 years ago
14

On December 31, 2020, BEL Company had 300,000 shares of common stock issued and outstanding. BEL issued a 5% stock dividend on J

une 30, 2021. On September 30, 2021, 40,000 shares of common stock were reacquired as treasury stock. What is the appropriate number of shares to be used in the basic earnings per share computation for 2021?
Business
1 answer:
KIM [24]3 years ago
6 0

Answer:

297,500 shares

Explanation:

Basic Earning per share is calculated dividing Earning for the year excluding preferred dividend by weighted average number of shares.

Weighted average number of shares are used to calculate the basic earning per share.

Weighted Average Number of Diluted Shares = (300,000 x 6/12 ) + ( 300,000 x 105% x 3/12 ) + [ ( (300,000 x 105%) - 40,000) x 3/12 ) ]

Weighted Average Number of Shares = 150,000 + 78,750 + 68,750

Weighted Average Number of Shares = 297,500 shares

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I think keeping oneself occupied by relevant activities such as joining youth club that is proactive in various ongoing activities such as sports, fun field activities throughout the year on an ongoing basis can assist in keeping youth away from drugs and alcohol.
6 0
3 years ago
Sheridan Company sells merchandise on account for $6400 to Carla Vista Company with credit terms of 2/10, n/30. Block Company re
Aliun [14]

Answer: $4,508

Explanation:

Companies usually give discounts with credit terms to encourage Receivables to pay faster.

In this scenario, credit terms of 2/10, n/30 were offered which means that if Carla Vista Company pays within 10 days they get a discount of 2% but if they don't they should pay the full amount in 30 days.

They paid within the discount period meaning that they qualify for the discount of 2% but they however returned goods worth $1800.

So calculating for that would be,

= (6,400 - 1800) (1 - 0.02)

= $4,508

The amount of the check is $4,508

8 0
3 years ago
Read 2 more answers
When evaluating a special order, management should: Group of answer choices Only accept the order if the incremental revenue exc
34kurt

Question

When evaluating a special order, management should:

Group of answer choices

A) Only accept the order if the incremental revenue exceeds all product costs. B) Only accept the order if the incremental revenue exceeds fixed product costs.

C) Only accept the order if the incremental revenue exceeds total variable product costs.

D) Only accept the order if the incremental revenue exceeds full absorption product costs.

Answer:

The correct answer is A)

Explanation:

When deciding whether or not to accept an order, the following questions must be asked:

  • does the company have the capacity to fulfill the order? or will it require that they expand current capacity?
  • does the price offered for the order cover the order cover the costs of producing same?
  • Will an attempt to satisfy the order under the given conditions trigger a violation of the Act which prohibits price discrimination?
  • Does it require the company to produce at a lower price in order to be profitable? if so how will the market percieve this? Will it mar the company's brand?

One generally accepted rule is that all costs must covered.

Cheers!

7 0
2 years ago
Lakeside Inc. manufactures four lines of remote control boats and uses activity-based costing to calculate product cost. Activit
Ivanshal [37]

Answer:

$141,373

Explanation:

As provided the details of cost activity:

Rate per activity is as follows:

Machining = $320,000/12,500 hours = $25.60 per hour

Luxury boat = 4,450 hours = $25.60 \times 4,450 = $113,920

Setup = $69,000/350 batches = $197.143 per batch

Luxury boat = $197.143 \times 65 = $12,814.295

Quality control = $89,000/760 = $117.11

Luxury boat = $117.11 \times 125 = $14,638.75

Total Luxury Boat Overheads = $113,920 + $12,814.295 + $14,638.75

= $141,373

7 0
2 years ago
The unemployment rate is: a. the number of people receiving unemployment benefits as a percent of the total labor force. b. the
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B., because the unemployment rate is the people who were employed
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