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
Salespeople at Janie's Cookie Company want to draw the attention of their customers through blogs, Twitter, and LinkedIn, rather
Serga [27]

Answer:

D. Inbound Marketing

Explanation:

When a company uses blogs and social media, to draw the customers through content. And this is called Inbound Marketing, a passive, subtle and digital way to market.

7 0
3 years ago
If $ 9 comma 000 is invested in a certain business at the start of the​ year, the investor will receive $ 2 comma 700 at the end
laiz [17]

Answer:

NPV= 1,036.16

Explanation:

Giving the following information:

Initial investment= $9,000

Cash flows= $2,700 at the end of each of the next four years.

Interest rate= 3%

To calculate the net present value (NPV), we need to use the following formula:

NPV= -Io + ∑[Cf/(1+i)^n]

Cf1= 2,700/1.03= 2,621.36

Cf2= 2,700/1.03^2= 2,545

Cf3= 2,700/1.03^3= 2,470.88

Cf4= 2,700/1.03^4= 2,398.92

Total= 10,036.16

NPV= -9,000 + 10,036.16

NPV= 1,036.16

3 0
3 years ago
1. The two basic ways to finance a business are equity financing and
Deffense [45]

Answer:

B and C

Explanation:

6 0
3 years ago
Read 2 more answers
Which of the following is not true of credit card
grandymaker [24]
. they are the best payment
7 0
3 years ago
Read 2 more answers
Akika Corporation started as a small firm and has grown substantially in the past decade. Its interests span from electronics to
OLEGan [10]

Answer:

(B) Unity of direction

Explanation:

The principal of unity of direction is one of the 14 administrative principles developed by Henri Fayol. It is a concept found in administrative management theory. The principle provides that there should be only one leader and one plan for a series of activities seeking the accomplishment of the same objective

5 0
3 years ago
Other questions:
  • Bob is a manager at a local toyota dealership who has lost five of his employees last year. now he has to make a decision about
    8·1 answer
  • The next day kade opens the letter in order to proofread it. he realizes that there is some formatting in part of the letter tha
    14·1 answer
  • Questions<br>why do we need to understand the idea of culture, society and<br>politics?​
    5·1 answer
  • This is a debt that will be subtracted from the balance of your account
    11·1 answer
  • Smith's operating cash flows in millions were $100, $150, $80 during the past three years; while Jones' operating cash flows in
    8·1 answer
  • A call center with access to customer credit reports selling customer data to an outside organized crime organization for the pu
    14·1 answer
  • GIVING BRAINLIEST <br> hi!.... so i have a question for all of you... how do you make money?
    7·2 answers
  • The expected average rate of return for a proposed investment of $4,250,000 in a fixed asset, using straight-line depreciation,
    6·1 answer
  • If the money wage rate increased from $40.00 to 45.24 and hour and consumer prices rose by 16%, we would expect _______ people t
    9·1 answer
  • What are the market trends and growth of netflix​
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!