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Nataliya [291]
3 years ago
15

On December 31, 2020, Berclair Inc. had 200 million shares of common stock and 3 million shares of 9%, $100 par value cumulative

preferred stock issued and outstanding. On March 1, 2021, Berclair purchased 24 million shares of its common stock as treasury stock. Berclair issued a 5% common stock dividend on July 1, 2021. Four million treasury shares were sold on October 1. Net income for the year ended December 31, 2021, was $150 million. Also outstanding at December 31 were 30 million incentive stock options granted to key executives on September 13, 2016. The options were exercisable as of September 13, 2020, for 30 million common shares at an exercise price of $56 per share. During 2021, the market price of the common shares averaged $70 per share. Required: Compute Berclair's basic and diluted earnings per share for the year ended December 31, 2021. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10). Do not round intermediate calculations.)
Business
1 answer:
Colt1911 [192]3 years ago
8 0

Answer:

Earnings Per share = $0.83

Diluted Earnings per share = $0.71

Explanation:

Basic Earnings per share is how much each common stock share earns in profits and Diluted Earnings includes the options and bonds in its calculations for outstanding shares

formulas

Earnings Per share = (net income - Preferred stock dividends)/ outstanding number of shares

                              = $150/180

                              = $0.83

Diluted Earnings per share = (net income - Preferred stock dividends)/ outstanding number of shares

                                             = $150/210

                                             = $0.71

Outstanding number of shares  in millions

opening                                                       200

minus treasury stock                                 - 24

issued stock                                                 4

Basic outstanding shares                       = 180 shares

plus  share Options                                    30

Diluted shares                                           210

                 

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During risk management activities, 236 risks have been identified which are caused by 13 root causes. You could eliminate 234 ri
alisha [4.7K]

Answer: (D) Accept the risk

Explanation:

 According to the given question, the one of the best solution is to accept the risk as the 2 given risks in the project cannot be removed or also outsourced from the given project scope.

Accepting the risk is one of the risk retention process in which we sometimes cannot avoid the given risk in the risk management and it is commonly found in the various types of investment process and also in the business.

 On the basis of the given scenario, we could not eliminate the two risks in the project so the best solution is to using the risk acknowledgement due to some limitations. Therefore, Option (D) is correct answer.

5 0
3 years ago
Abigail (Abby) Boxer, age 38, is a single mother (birthdate April 28, 1982) working as a civilian accountant for the U.S. Army.
DochEvi [55]

Answer:

Step 1 of 4

Aby is a single mother with a dependent child. She files Form 1040A. The form is attached herewith.Some of the highlights are given below:

• Gross Income is calculated as follows.

• Adjusted gross income is same as gross income as there are no deductions for AGI. So, adjusted gross income is $42,730 (line 21).

• Standard deduction under Head of Households is $8,700 (line 24).

• She claims one personal and one dependent exemption. So, her total exemptions are (line 26).

7 0
3 years ago
Which of the following statements concerning internal controls is true? Multiple Choice Strong internal controls cannot be circu
GrogVix [38]

The True statement about internal controls is <em>B.  A system of internal controls is designed to prevent or detect errors and fraud.</em>

  • Internal Controls are the techniques that an entity institutes to ensure the integrity of financial and accounting information, promote accountability of its employees, and prevent fraudulent activities.

  • Strong internal controls can still be circumvented.  Internal controls are not limited to company policies and procedures against fraud. The employment of a husband and wife or close relations in the same company is not prohibited by control procedures or separation of duties.

Thus, the true statement about internal controls is B.

Read more: brainly.com/question/17056417

3 0
2 years ago
MFG Company experiences the following cost behavior patterns each week: Fixed costs: supervisor’s salary $3,000; factory rent $6
s2008m [1.1K]

Answer:

Total cost= $204,750

Explanation:

Giving the following information:

Fixed costs: supervisor’s salary $3,000; factory rent $6,500

Mixed costs: utilities $3,500 + $10.25 per unit

Variable costs per unit:

manufacturing labor wages $30.00

supplies used in production $13.50

packaging cost $7.25

warranty cost $4

Required: Compute total costs to be incurred for a week with 2,950 units of activity.

Fixed costs= 3,000 + 6,500 + 3,500= $13,000

Variable costs= (10.25 + 30 + 13.5 + 7.25 + 4)*2,950= $191,750

Total cost= $204,750

4 0
3 years ago
Nathan Herrmann has completed the basic format to be used in preparing the statement of cash flows (indirect method) for CEO Con
yarga [219]

Answer:

Ending cash balance is -$41,000.

Explanation:

This can be prepared as follows:

Nathan Herrmann

Cash Flow Statement

for the year ended ...

<u>Details                                                                   $                      $             </u>

Net income                                                      69,000  

Adjustment to reconcile net income    

Depreciation expense                                     13,000  

Loss on sale of land                                         12,000  

(Increase) decrease in current assets

Increase in inventory                                     (35,000)

Increase in prepaid rent                                  (7,500)

Increase in accounts receivable                   (47,000)

Increase (decrease) in current liabilities:  

Increase in accounts payable                      <u>    15,000  </u>

Net cash from operating activities                                         19,500

<u>Cash flows from investing activities:  </u>

Cash received from the sale of land                7,500  

Purchase of equipment                              <u> (229,000) </u>

Net cash flows from Investing activities                            (221,500)

<u>Cash flows from financing activities:   </u>

Payment of dividends                                      (31,000)

Repayment of notes payable                         (49,000)

Issuance of common stock                            <u> 241,000  </u>

Net cash from financing activities                                        <u>  161,000  </u>

Increase / (Decrease) in cash                                                   (41,000)

Beginning cash balance                                                         <u>            -    </u>

Ending cash balance                                                              <u>   (41,000) </u>

7 0
3 years ago
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