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Charra [1.4K]
3 years ago
11

Kevin’s Bacon Company Inc. has earnings of $7 million with 2,500,000 shares outstanding before a public distribution. Eight hund

red thousand shares will be included in the sale, of which 500,000 are new corporate shares, and 300,000 are shares currently owned by Ann Fry, the founder and CEO. The 300,000 shares that Ann is selling are referred to as a secondary offering and all proceeds will go to her. The net price from the offering will be $18.50 and the corporate proceeds are expected to produce $1.4 million in corporate earnings. a. What were the corporation’s earnings per share before the offering? (Do not round intermediate calculations and round your answer to 2 decimal places.)
Business
1 answer:
seraphim [82]3 years ago
8 0

Answer:

$2.80

Explanation:

The computation of the corporation’s earnings per share before the offering is shown below:-

Corporation’s earnings per share before the offering = Earnings ÷ Outstanding shares

= $7,000,000 ÷ 500,000

= $2.80

Therefore for computing the corporation’s earnings per share before the offering we simply applied the above formula.

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As a management function, organizing involves:

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Organizing is the second management function. It is performed after the planning function has been accomplished successfully by the organization to develop its structures in order to designate jobs.

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This statement is false.

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3 years ago
I need help on creating my resume. I’m a high schooler currently in the 11th grade. I haven’t won any awards here at my high sch
77julia77 [94]

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Therefore, for a student to create an effective curriculum, the inclusion of awards and achievements from student life will attract the attention of the recruiter by showing interest, dedication and perspectives of the candidate, being a great opportunity to win a job.

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2 years ago
A market order has: a. Price uncertainty but not execution uncertainty. b. Both price uncertainty and execution uncertainty. c.
Ipatiy [6.2K]

Answer:

The correct answer is letter "A": Price uncertainty but not execution uncertainty.

Explanation:

When talking about trading orders, a market order is executed whether to buy or sell a security at market price. The market order does not follow the security's price at the bid or ask, it usually follows the last price at which the security was sold. Thus, that <em>price is always uncertain.</em>  

The benefit of market order relies on the execution. Traders will not have to wait until another trader is willing to buy or sell at their desired level. The <em>market order will execute the order almost automatically</em> at the price the market has available.

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cupoosta [38]

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