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Blizzard [7]
3 years ago
13

On January 1, 2016, Albacore Company had 300,000 shares of its common stock issued and outstanding. Albacore issued a 10% stock

dividend on July 1, 2016. On October 1, 2016, Albacore retired 12,000 of its common shares. When calculating basic earnings per share for 2016, what is the appropriate number of shares for Albacore to use in the denominator of the EPS fraction?
A. 341,350.B. 322,210.C. 344,100.D. 346,850
Business
1 answer:
densk [106]3 years ago
8 0

Answer:

None of the option is correct as the appropriate no of shares are 327000.

Explanation:

As,

The Albacore Company is having 300000 Shares.

On July 1, 2016 10% more dividend is issued.

And Retired 12000 Shares

Thus, as per EPS Fraction the appropriate no of shares are

= 300000 + (300000 × 10%) - 12000 × 1/4

= 327000

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Aleksandr-060686 [28]

Answer:

Report it to the right person

Explanation:

According to the article titled "What to do when you spot your employer doing something illegal" written by Catherine Conlan.

It says the best thing to do is to report it to the right person.

This is evident when it is stated in the article that "If you reasonably believe your employer is doing something illegal or unethical, you should first bring it to your supervisor’s attention... If it’s your supervisor you suspect, exhaust the chain of command within the company.

Hopefully, the company will investigate the matter. If no one within the chain of command responds, then there is generally a government agency with whom one can file a complaint,"

8 0
3 years ago
Stoneheart Group is expected to pay a dividend of $3.11 next year. The company's dividend growth rate is expected to be 4.2 perc
lukranit [14]

Answer:

$43.19

Explanation:

Use dividend discount model(DDM) to solve this question; specifically constant dividend growth model.

P0 = D1/(r-g)

P0 = Current price

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r = investors' required return = 11.4% or 0.114 as a decimal

g = dividend growth rate = 4.2% or 0.042 as a decimal

P0 = 3.11/(0.114 - 0.042)

P0 = $43.19

Therefore, this stock price is $43.19

8 0
3 years ago
An agreement that may be rejected by one of the parties for a legally acceptable reason is
Katena32 [7]
The answer is a voidable contract
5 0
4 years ago
In June 2013, currency held by individuals and businesses was $1,124 billion; traveler’s checks were $4 billion; checkable depos
densk [106]

Answer:

M1 $2,530 billion

M2 $10,644 billion

Explanation:

  • M1 = Currency held + Travelers check + Checkable deposits

= $(1,124 + 4 + 1,402) billion = $2,530 billion

  • M2 = M1 + Savings deposits + Time deposits + Money market funds

= $(2,530 + 6,884 + 583 + 647) billion = $10,644 billion

4 0
3 years ago
In the purchase stage of the consumer journey, research indicates that ________ activities shorten the time consumers take to ad
SIZIF [17.4K]

Answer:

The correct word for the blank space is:  Direct Marketing.

Explanation:

Direct marketing is a form of advertising in which materials are sent directly to consumers eliminating the middlemen from the promotion process. Direct marketing includes catalogs, mailers, e-mails, and flyers. They do not involve advertisements placed on television, radio or the internet. Direct customers allow consumers to take faster decisions than with other types of advertisement.

6 0
3 years ago
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