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MatroZZZ [7]
3 years ago
8

Flounder Corporation reported net income of $331,840 in 2020 and had 186,000 shares of common stock outstanding throughout the y

ear. Also outstanding all year were 34,500 options to purchase common stock at $11 per share. The average market price of the stock during the year was $15. Compute diluted earnings per share.
Business
1 answer:
m_a_m_a [10]3 years ago
3 0

Answer:

Diluted earnings per share is $1.7 per share

Explanation:

The number of diluted  shares from the options is calculated thus

Total number of shares from options                                     34,500      

Actual number of shares that can be purchased

(options shares*option price/share market price)

(34,500*$11/$15)                                                                        (25,300)

Diluted shares                                                                           9,200

Diluted earnings per share=net income/(outstanding common stock + diluted common stock)

net income is $331,840

outstanding common stock is 186,000

diluted common stock is 9200

diluted earnings per share=$331,840/(186,000+9200)

                                            =$1.7 per share

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Each unit requires 2 pounds of direct materials, which cost $6 per pound. The company’s policy is to maintain direct materials i
ycow [4]

Answer: Budgeted Raw Material to be consumed in July.

Quantity         Price per pound             Total

10,200                 $6                             $61,200

Explanation:

As for the information provided, the material at month end in hand shall be:

20% of upcoming month's sale.

If in June at month end, the inventory in hand = 2,040 pounds of raw material.

Then, this represents 20% of total requirement of July.

Therefore, total requirement in July = \frac{2,040}{0.20} = 10,200\ pounds

This basically means:

Total inventory required =

Quantity         Price per pound             Total

10,200                 $6                             $61,200

5 0
2 years ago
What is the goal of retailers?
Scilla [17]

Answer:

the retailer’s main function is to provide merchandise in the right quality, quantity, price, time, and at the right place. The first task that a retailer has to perform is to identify the consumer needs and wants.

Explanation:

8 0
3 years ago
Read 2 more answers
Consider an economy with only two goods: bread and wine. In 1982, the typical family bought 4 loaves of bread at 50¢ per loaf an
mylen [45]

Answer:

115

Explanation:

Data provided in the  question:

Number of breads bought = 4

Number of wine bottles bought = 2

Cost of bread in year 1982 = 50 cents = $0.5

Cost of wine bottle in year 1982 = $9

Cost of bread in year X = 75 cents = $0.75

Cost of wine bottle in year X = $10

Now,

The CPI is calculated as:

CPI = \frac{\textup{Cost of basket in the given year (i.e year X)}}{\textup{Cost of basket in the base year (i.e 1982)}}\times100

thus,

CPI for year X = \frac{\$0.75\times4+\$10\times2}{\$0.5\times4+\$9\times2}\times100

or

CPI for year X = \frac{\$23}{\$20}\times100

or

CPI for year X = 1.15 × 100 = 115

7 0
3 years ago
Short Company purchased land by paying $22,000 cash on the purchase date and agreed to pay $22,000 for each of the next seven ye
muminat

Answer:

The liability reported is closest to $107,105.21.

Explanation:

This can be calculated using the formula for calculating the present value of an ordinary annuity as follows:

PV = P * ((1 - (1 / (1 + r))^n) / r) …………………………………. (1)

Where;

PV = Present value or the the liability reported  =?

P = Annuity payment = $22,000

r = Student's desired return rate = 10%, or 0.10

n = number of years = 7

Substitute the values into equation (1) to have:

PV = $22,000 * ((1 - (1 / (1 + 0.10))^7) / 0.10)

PV = $22,000 * 4.86841881769293

PV = $107,105.21

Therefore, the liability reported is closest to $107,105.21.

4 0
2 years ago
Ana was complaining about her workload before the staff meeting began. Later, when the manager announced that twelve parking spa
Slav-nsk [51]

The complete question is:

Ana was complaining about her workload before the staff meeting began. Later, when the manager announced that twelve parking spaces would be lost as a result of construction across the street, she raised her hand and said, "Then where, exactly, do you expect us to park?" The manager tried to provide some recommendations, but Ana continued to complain until the manager gave up and announced that the meeting was over.

What should Ana do to make the next meeting more effective and productive?

Answer:

Bring a positive attitude

Explanation:

In this scenario Ana was already frustrated by the excess workload she has before attending the meeting. So when the manager raised the issue of construction affecting parking spaces she expressed a negative reaction, and kept complaining until the manager gave up and announced that the meeting was over.

For the next meeting to be more productive Ana should bring a positive mindset, and consider recommendations provided by the manager.

This will result in her working collaboratively with the manager to find solutions to the parking space problem.

7 0
2 years ago
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