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katen-ka-za [31]
3 years ago
6

On January 1, 2021, Hage Corporation granted incentive stock options to purchase 18,000 of its common shares at $7 each. The opt

ions are exercisable after one year. The market price of common averaged $9 per share during the quarter ending on March 31, 2021. There was no change in the 100,000 shares of outstanding common stock during the quarter ended March 31, 2021. Net income for the quarter was $8,268. The number of shares to be used in computing diluted earnings per share for the quarter is:
Business
1 answer:
saveliy_v [14]3 years ago
4 0

Answer:

104,000

Explanation:

The computation of diluted earnings per share for the quarter is shown below:-

Particulars                                                    Shares

Proceeds from exercise of options a         $126,000

(18,000 × $7)

Used to repurchase of common stock b    $14,000

( $126,000 ÷ $9)

Number of shares if option is exercised c  18,000

Less: Shares assume repurchased d           14,000

Potential Diluted common shares (e = c-d)  4,000

Add: Number of common shares f               100,000

Number of shares diluted earning per share 104,000

(e + f)

So, to reach the Number of shares diluted earning per share we simply add number of number of common shares with potential diluted common shares.

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8 0
2 years ago
Match the careers to the consumer service industry to which they belong.
Gemiola [76]

Answer:

The correct answers are:

1. Actor, writer, musician  : entertainment.

2. Dietician, optician  : health care.

3. Litigator, paralegal, attorney  : legal industry

Explanation:

Industries dedicated to consumer service are those whose product is directed directly to a consumer, and not to a company.

The product they offer is a service, and not a material good.

These industries will have professionals or people specialized in the subject who will be in charge of offering and selling this product.

That is what we see in the examples.

The health industry will offer services dedicated to health, therefore it will have professionals dedicated to this field.

The legal industry will have services dedicated to legal issues such as a lawyer, a litigator, etc.

And the entertainment industry will be dedicated to shows, this is where actors, musicians or writers come in.

8 0
3 years ago
What are some reasons why the budget deficit and non budgeted spending have been adding more than $500 billion to the national d
bogdanovich [222]
There are numerous reasons, things like war, immigration, increased poverty, or things like unpredictable natural disasters. When a hurricane strikes and destroys entire cities and housing it has to be fixed quickly and that is spending that was not planned since you can't expect things like that. Wars often cost much more than what was planned because bad things happen and they need to be fixed. Immigration can lead to an increase in social welfare spending since not all immigrants find a job quickly and establish themselves in the society.
6 0
3 years ago
What is meaning of GST​
bogdanovich [222]

Explanation:

goods and service tax I think that is the answer

4 0
2 years ago
Kahn Company paid $240,000 to purchase a machine on January 1, Year 1. During Year 3, a technological breakthrough resulted in t
Serga [27]

Answer:

Yes, the machine should be replaced

Explanation:

The calculation is given below:

<u> Particulars              old Machine            New machine </u>

Purchase price                                       $300,000

Less:

Salvage value                                        -$80,000

Operating cost         $400,000              $144,000

                          ($100,000 × 4 )        ($36,000 × 4)

Total cost                 $400,000                $364,000

Hence, the financial advantage is

= $400,000 - $364,000

= $36,000

As there is a financial advantage of $36,000 therefore the old machine would be replaced with the new machine

4 0
3 years ago
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