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Vitek1552 [10]
3 years ago
10

Bramble Corp. had 1420000 shares of common stock issued and outstanding at December 31, 2020. On July 1, 2021 an additional 1254

000 shares were issued for cash. Bramble also had stock options outstanding at the beginning and end of 2021 which allow the holders to purchase 377000 shares of common stock at $20 per share. The average market price of Bramble's common stock was $25 during 2021. What is the number of shares that should be used in computing diluted earnings per share for the year ended December 31, 2021
Business
1 answer:
Aneli [31]3 years ago
7 0

Answer:

2,297,000 shares outstanding at December 31, 2021

Explanation:

Because the market price of stock was $25, then the stock option holder will execute the option to buy 377,000 shares  at price of $20. Thus the company had to sell 377,000 shares.

The number of share outstanding at year end = number of share outstanding at year beginning + newly issued shares - sold shares

= 1,420,000 + 1254000 - 377,000

= 2,297,000

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Answer:

integrated programs are usually way more effective than programs that are not integrated

Explanation:

According to my research on different marketing techniques, I can say that the efforts need to be integrated because integrated programs are usually way more effective than programs that are not integrated. This is because integrated efforts will reach a wider audience which will lead to more sales.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

3 0
3 years ago
Because with building costs soaring out of sight, there is pent-up demand for a well-designed, green-built, contemporary home th
Tresset [83]

Answer: <em><u>The Assembly Process</u></em>

Explanation: I hope it helps you!

3 0
3 years ago
Sales to customers who use bank credit cards such as mastercard and visa are usually recorded by:a. Debit to Cash and a credit t
algol13

Answer:

c. Debit to Bank Credit Card Sales, debit to Credit Card Expense, and a credit to Sales

Explanation:

The journal entry is shown below:

Bank credit card sales A/c Dr XXXXX

Credit card expense A/c Dr XXXXX

       To Sales A/c XXXXX

(Being the sales is recorded via bank credit cards)

As the credit card has some expense so we debited the credit card expense along with the bank credit card sales and credited the sales as it is revenue which is to be credited

4 0
3 years ago
An asset used in a four-year project falls in the five-year MACRS class for tax purposes. The asset has an acquisition cost of $
tia_tia [17]

Answer:

After tax salvage value $1,278,852.8‬

Explanation:

MARCS five years class:

after four years we will have depreicate:

0.2 + 0.32 + 0.192 + 0.1152 = 0,8272‬

(Data from the attached MACRS)

tax basis of the asset:

6,170,000 x ( 1 - 0.8272) = 1.066.176‬

We will be taxed for the difference between the basis and the salvage value:

1,370,000 - 1,066,176 = 303,824‬ taxable gain:

303,824 x 30% = 91,147.2

After tax salvage value:

salvage valeu - income tax expense

1,370,000 - 91,147.2 = 1,278,852.8‬

3 0
3 years ago
On March 10, 2019, Dearden, Inc., purchased 11,200 shares of Jaffa stock for $47 per share as a long-term passive investment. De
olasank [31]

Answer:

Dearden, Inc.

Journal Entries to record the transactions:

March 10, 2019:

Debit Investment in Jaffa $526,400

Credit Cash $526,400

To record the purchase of 11,200 shares at $47 per share.

December 31, 2019:

Debit Loss on Investment $22,400

Credit Investment in Jaffa $22,400

To record the loss on investment from $47 to $45 per share.

December 31, 2020:

Debit Investment in Jaffa $33,600

Credit Gain on Investment $33,600

To record the gain on investment from $45 to $48 per share.

December 31, 2021:

Debit Loss on Investment $44,800

Credit Investment in Jaffa $44,800

To record the loss on investment from $48 to $44 per share.

September 12, 2022:

Debit Loss on Investment $22,400

Credit Investment in Jaffa $22,400

To record the loss on investment from $44 to $42 per share.

Debit Cash Account $470,400

Credit Investment in Jaffa $470,400

To record the sale of the investment in Jaffa at $42 per share.

Explanation:

For Dearden, Inc. journal entries are recorded on the acquisition date to record the purchase of the investment in Jaffa.  Records are also made every December 31 to record the movements in the share price of the investment.  Finally, on the date of disposal, records are also made to record the sale of the investment.

4 0
3 years ago
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