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Dvinal [7]
3 years ago
9

Flint corporation reported net income of 391320 in 2017 and had 206000 shares of common stock outstanding throughout the year. A

lso oustanding all year were 570000 options to purchase common stock at 12 per share. The average market price of the stock druing the year was 15. Compute diluted earnings per share.
Business
1 answer:
irakobra [83]3 years ago
8 0

Answer:

$1.23

Explanation:

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

Diluted earning per share = Net income ÷ weighted number of common stock outstanding

where,

Net income is $391,320          

Weighted average number of outstanding shares equal to

= 206,000 shares  + 114,000 shares

= 320,000 shares

The 114,000 shares is

= 570,000 ÷ $15 × $12

= 456,000

Now 570,000 - 456,000 = 114,000 shares

So, the diluted earning per share

= $391,230 ÷ 320,000 shares

= $1.23

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The operators of adult bookstores got together and each agreed to contribute $1,000 to a fund for use in lobbying the city counc
san4es73 [151]

Answer:

The operators have not violated the antitrust laws because they are only collaborating to lobby the government

Explanation:

The antitrust law in the U.S. can be described as a group of federal and state government laws enacted to regulate the activities of business firms in order to enhance competition to the advantage of consumers.

The antitrust law aims to collusive activities that suppress trade, any merger and acquisition that would reduce competition, and prevent the the abuse of monopoly power.

Since the activity of the operators of adult bookstores does not fall under what the antitrust law aims to prevent but it is just a collaboration to lobby the government, they have a good defense that they have not violated the antitrust laws.

3 0
3 years ago
Stock X has a standard deviation of 25 percent per year and stock Y has a standard deviation of 16 percent per year. The correla
Zanzabum

Answer:

The portfolio standard deviation is 14.82%

Explanation:

The portfolio standard deviation would be calculated by finding out the variance of the portfolio and taking the square root of it.

Variance of the portfolio = [(1 - .50)^{2} x 0.25^{2}] + [0.50^{2} x 0.16^{2}] + [2 x (1 - 0.50) x 0.50 x 0.25 x 0.16 x 0]

= [0.25 x 0.0625] + [0.25 x 0.0256] + [0]

= 0.015625 + 0.0064

VarPort = 0.022025

Std DevPort  = √0.022025

Std DevPort = 0.1482 = 14.82 percent

3 0
4 years ago
Read 2 more answers
What will be the end result for the taxpayer who filed his federal income tax
Hunter-Best [27]

Answer: he will owe $135

Explanation:

7 0
3 years ago
Read 2 more answers
When an organization has employees of different backgrounds and skill sets, it has greater and will be better than monocultural
creativ13 [48]

N.B: I don't understand your question fully and neither can i find the complete question anywhere on the internet so im going to answer this sentence and hope it helps you.

Answer:

True

Explanation:

When a company has employees from different backgrounds and with different skills set, it helps the company come up with a lot of innovations that cuts across different cultures, thereby expanding their own range of services and/or goods. Also it helps in problem solving as each employee can come to the table with various ways of solving a problem.

This situation can be called diversity of thoughts.

Cheers.

7 0
3 years ago
John is an art dealer with special expertise in modern art. Rachel comes to John's gallery to purchase a modern art painting as
lubasha [3.4K]

Answer:

Puffery

Explanation:

Puffery refers to making hefty claims regarding product attributes and traits which represent a subjective and not objective view. Such claims are not backed by valid reasoning or valid evidences and facts.

In the given case, the art dealer claims his products being of high quality and appreciating over the period of next ten years. Such claims cannot be substantiated by any concrete evidence. As value cannot be ascertained in advance.

3 0
4 years ago
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