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
lana66690 [7]
3 years ago
9

January 1, 2016, Karev Corporation granted options to purchase 5,300 of its common shares at $6 each. The market price of common

stock was $11 per share on March 31, 2016, and averaged $11 per share during the quarter then ended. There was no change in the 71,105 shares of outstanding common stock during the quarter ended March 31, 2016. Net income for the quarter was $120,805. The diluted earnings per share for the quarter is $_____________ (Round your answer 2 decimal places
Business
1 answer:
sergey [27]3 years ago
8 0

Answer:

$1.64 per share

Explanation:

The computation of Number of Shares for computing Diluted Earning per share is shown below:-

Proceeds expected = 5,300 × $6

= $31,800

No. of Shares re-purchased = $31,800 ÷ $11

= $2,891 (rounded)

Net Effect of Stock Option = 5,300 - $2,891

= 2,409 shares

Number of Shares for computing Diluted Earning per share = Outstanding shares + Net Effect of Stock Option

= 71,105 + 2,409

= 73,514

Diluted earnings per share for the quarter = Net income for the quarter ÷ Number of Shares for computing Diluted Earning per share

= $120,805 ÷ 73,514

= $1.64 per share

So, for computing the Number of Shares for computing Diluted Earning per share we simply applied the above formula.

You might be interested in
Which costs are correlated with the firm’s sales and include the costs of labor, raw materials, and sales commissions?
Llana [10]

Answer:

The correct answer is letter "B": direct.

Explanation:

Direct Costs for finished goods refer to the items and services directly used in production. Other costs such as rent and insurance for the production site are indirect costs. Examples of direct costs are direct labor and materials, manufacturing supplies or even commissions out of sales.

6 0
4 years ago
When considering the impact of institutions and policies on economic performance, it is most important to focus onA. long-term e
Monica [59]

Answer: The correct answer is choice a.

Explanation: It is important to understand that economics is cyclical and will have fluctuations. When considering the impact of institutions and policies on economic performance, it is most important to focus on the long term economic growth. This answer is found in choice a.

4 0
3 years ago
When preparing a speech introduction, you should usually?
Scrat [10]
When preparing a speech introduction, you should usually preview the main points to be discussed in the body, gain the attention and interest of your audience, and <span>establish your credibility on the speech topic. This means that the correct answer is all of the above.
It is important that your introduction is interesting, presents everything you want to talk about, and convinces your audience why they should believe you.
</span>
3 0
4 years ago
What are things you can do to manage the risks in your life to reduce any financial losses?
meriva
Spend carefully use discounts monitor your spending create list on how much you spend etc.
5 0
3 years ago
Read 2 more answers
In 2019, selected automobiles had an average cost of $12,000. the average cost of those same automobiles is now $13,200. what wa
maksim [4K]

The rate of increase for these automobiles between the two time periods is  10%

<h3>What is automobiles?</h3>

Automobile is the wheeled vehicle usually having four wheels and generally used for the transportation purposes. For example :- car, buses, trucks, bike etc.

In the above case, the average cost of the automobile is $12000 in 2009 but now it has increased to $ 13200. For the calculation of the increased rate of the auto mobile following formula is used as follows:-

Increased rate = (current value -Initial value )/current value * 100

                         =( $13,200 -  $12,000)/  $12,000 *100

                          =$1200/ 12000 *100

                          = 10%

                           

Therefore, the rate of the increase for these automobile between 2 periods is 10%.

Learn more about increase rate here:

brainly.com/question/20820218

#SPJ1

5 0
2 years ago
Other questions:
  • On a production, possibly a curve, data points that fall outside of the curve represent
    7·1 answer
  • A country has national saving of $50 billion, government expenditures of $20 billion, domestic investment of $10 billion, and ne
    15·1 answer
  • What are some union issues that are in the popular press (news, magazines,
    6·1 answer
  • Following a self improvement plan takes a lot of discipline.<br> a. True<br> b. False
    12·2 answers
  • Andrews Corporation uses the weighted-average method of process costing. The following information is available for February in
    5·1 answer
  • An organic farmer has identified three distinct groups that might be interested in his products: vegetarians, health-conscious i
    8·1 answer
  • Youngstown Rubber reports the following data for its first year of operation.
    10·1 answer
  • Paul and Roger are partners who share income in the ratio of 3:2. Their capital balances are $90,000 and $130,000, respectively.
    8·1 answer
  • Imagine that you are the practice’s Compliance Officer. What advice would you give to Helen? Discuss the circumstances under whi
    15·1 answer
  • Your goal is to withdraw $25,000 in 10 years. To get the money for this withdrawal, you will make the aforementioned five equal
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!