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
Sheridan company offers its customers a pottery cereal bowl if they send in 3 boxtops from Sheridan Frosted Flakes boxes and $1.
Evgesh-ka [11]

Answer:

$117,600

Explanation:

Boxes of Frosted Flakes ×Estimate of Box Tops to be redeemed

1,344,000×60%= 806,000

806,000- 630,000 (Box Tops redeemed) =176,400

Estimate of Box Tops left to be received /Number of Box Tops Needed per bowl

176,400/3= 58,800 Total bowls estimated to be sent to customers in future

58,800 x 2.00 (The Cost of bowls to company was $3 while the cash to be received from customer was $1)

= $117,600 Which will be the total premium liability to be recorded.

6 0
3 years ago
Read 2 more answers
A management accountant who avoids conflicts of interest meets the ethical standard of:
Lilit [14]

A management accountant who avoids conflicts of interest meets the ethical standard of: Integrity.

<h3>What is ethical standard of integrity?</h3>

Ethical standard of integrity is when  is truthful and honest and therefore can be defined  as the way in which a person or an individual  act or behave in way that is inline with the set ethical standard.

Based on the given scenario the accountant  act in accordance with ethical standard of integrity which is why he avoided the conflicts of interest.

Therefore a management accountant who avoids conflicts of interest meets the ethical standard of: Integrity.

Learn more about Ethical standard of integrity here:

brainly.com/question/13383200

#SPJ12

5 0
1 year ago
So sánh nên kinh tế tự nhiên và kinh tế thị trường
natita [175]
Kinh tế tự nhiên là trong nền kinh tế tự nhiên, sản xuất nhỏ chiếm ưu thế. Nền kinh tế tự nhiên do nhiều đơn vị kinh tế thuần nhất hợp thành và mỗi đơn vị kinh tế ấy làm đủ việc để tạo ra những sản phẩm cuối cùng.

Thị trường giữ vai trò là công cụ phân bổ các nguồn lực kinh tế. Trong quá trình trao đổi, các yếu tố thị trường như giá cả, có tác động điều tiết quá trình sản xuất hàng hóa phân bổ các nguồn lực kinh tế và tài nguyên thiên nhiên như vốn, tlsx, nguồn vật tiền lương… đều do các cấp có thẩm quyền quyết định
7 0
3 years ago
Marcella operates a small, but very successful art gallery. All but one of the following can be classified as a variable cost ar
strojnjashka [21]

Answer:

The correct answer is a) Physical space for the gallery.

Explanation:

<u>Variable costs</u> fluctuate according on the production of goods of a company, while <u>fixed costs</u> stay the same regardless of the production output. Reviewing all the options:

  • Wages paid to three part-time employees <u>vary</u> depending on the amount of hours they work.
  • Accountant's fees for preparing tax returns <u>vary</u> depending on the time spent preparing the records.
  • The costs of purchasing art work to sell in the gallery <u>vary</u> depending on the amount of art purchased and its value.

That leaves us with option A. The physical space for the gallery. Buildings and rent are known to be a Fixed cost for companies because they stay the same regardless of the production output.

7 0
3 years ago
Keynesian economists believe: the economy ought to be left to market forces. government policies do not affect economic activity
jasenka [17]
Keynesian economists believe:  <span>government can implement policy proposals that can positively impact the economy

Keynesian economist generally believed that the Economic situation in a country is a direct result from both private and public sector activities simultaneously, so both positive and negative things could derive from both sectors</span>
5 0
3 years ago
Other questions:
  • For a recent year L’Oreal reported operating profit of €3,385 (in millions) for its Cosmetics division. Total assets were €12,88
    5·1 answer
  • Materials used by the Instrument Division of Ziegler Inc. are currently purchased from outside suppliers at a cost of $1,350 per
    12·1 answer
  • What is market saturation?
    10·2 answers
  • Rather than compete with large greeting card companies for shelf space in supermarkets, several smaller card companies place the
    15·1 answer
  • What does the Electronic Fund Transfer Act do?
    14·2 answers
  • A newspaper reports that the average price of new homes in a certain city had decreased, and the number of new homes sold had al
    13·1 answer
  • Nickleson Company had an unadjusted cash balance of $7,750 as of May 31. The company’s bank statement, also dated May 31, includ
    10·1 answer
  • Travis International has a one-time expense of $1.13 million that must be paid two years from today. The firm can earn 4.3 perce
    5·1 answer
  • Need a contact no need to cancel
    9·1 answer
  • I is desire a demand?
    14·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!