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lisabon 2012 [21]
3 years ago
15

Waterway Industries had net income for 2021 of $602000. The average number of shares outstanding for the period was 208000 share

s. The average number of shares under outstanding options, at an option price of $30 per share is 12600 shares. The average market price of the common stock during the year was $36. What should Waterway Industries report for diluted earnings per share for the year ended 2021?
Business
1 answer:
bazaltina [42]3 years ago
5 0

Answer:

Diluted earnings per share is $2.87

Explanation:

The extent to which the option would dilute the earnings per share to the extent of the difference between the option of price and the share market price.

The shares that are capable of dilute the earnings can be computed thus:

Market price-option price/market price*outstanding options shares

market price is $36

option price is $30

outstanding options shares is 12,600

($36-$30)/$36*12,600=2,100 shares

Diluted earnings per share=$602,000/(208,000+2100)=$2.87

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6 0
2 years ago
A mutual fund is offered with no up-front sales charge and no contingent deferred sales charge. It charges 50 basis points of 12
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Answer:

The correct statement is C. This statement is misleading because a no-load fund cannot charge more than 25 basis points of 12b-1 fees

Explanation:

THIS STATEMENT IS MISLEADING BECAUSE A NO-LOAD FUND CANNOT CHARGE MORE THAN 25 BASIS POINTS OF 12B-1 FEES.

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8 0
3 years ago
Many television infomercial advertise a product at a very low price. after you order the product, you find there is a fairly sub
musickatia [10]

Answer:

This is an example of multiple pricing.

Explanation:

Sometimes if you add all the extra charges, like shipping and handling, you might realize that the product being offered by the infomercial is actually more expensive than similar products that you can buy on retail stores or websites.

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4 0
3 years ago
A dozen eggs cost $0.96 in December 2000 and $2.75 in December 2015. The average wage for workers in private industries was $14.
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Answer:

By 186% the price of a dozen eggs rise.

Explanation:

Given that,

Cost in December 2000 = $0.96

Cost in December 2015 = $2.75

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Average wage for December 2015 = $21.26

By considering these information, we are able to calculate the increase price percentage of a dozen eggs. The calculation is shown below:

= (December 2015 price - December 2000 price ) ÷ (December 2000 price) × 100

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= ($1.79) ÷ ($0.96) × 100

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3 years ago
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3 years ago
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