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mezya [45]
3 years ago
8

Cox Corporation had 1,200,000 shares of common stock outstanding on January 1 and December 31, year 2. In connection with the ac

quisition of a subsidiary company in June year 1, Cox is required to issue 50,000 additional shares of its common stock on July 1, year 3, to the former owners of the subsidiary. Cox paid $200,000 in preferred stock dividends in year 2, and reported net income of $3,400,000 for the year. Cox's diluted earnings per share for year 2 should be___________.
Business
1 answer:
AleksandrR [38]3 years ago
4 0

Answer:

$2.56 per share

Explanation:

The formula to compute the diluted earning per share is shown below:

= (Net income reported - preferred stock dividend) ÷ (Outstanding number of shares + additional shares issued)

= ($3,400,000 - $200,000) ÷ (1,200,000 + 50,000)

= ($3,200,000) ÷ (1,200,000 shares)

= $2.56 per share

We simply divided the net income after deducting the preferred stock dividend and then divided it by the total number of shares

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Beckronski Company has the following information available for the month of​ March: Units ​Transferred- in Costs Direct Material
storchak [24]

Answer:

Direct Material Equivalent Unit Weighted Average Cost Method= 240+ 400- 400= 240

Units Cost for Direct Materials= $52,000 /230= $ 226.086

Explanation:

Beckronski Company

                              Units ​                    Transferred- in Costs

                                            Direct Mat       Conversion Costs      WIP ​inventory

March 1                  240 ​         $33,600           0 ​                            $18,000 ​

<u>Percent complete                    ​100% ​              0% ​                         62.5%</u>

Equivalent Units                     240                     -                          150                                            

Transferred in

<u> March                 400                                                                                    </u>

Equivalent Units                          400                    400                   400

Mar 31  WIP ​inventory,  200

<u>​*Percent complete                       ​100%           ​0% ​                         80%       </u>

Equivalent Units                         400                    -                        320

Weighted Average Cost Method = Beg. Inv Equiv. Units + Units Transferred in Less Ending Inventory Equivalent Units

Direct Material Equivalent Unit Weighted Average Cost Method= 240+ 400- 400= 240

Conversion Costs Equivalent Unit Weighted Average Cost Method=

0+ 400-0= 400

Work In Process Equivalent Unit Weighted Average Cost Method=

150+ 400-320= 230

Costs added in March ​              $52,000            ​$13,200 ​        $48,600

Units Cost for Direct Materials=  $52,000 /230= $ 226.086

4 0
3 years ago
A company has the following account balances: Sales revenue $2,000,000: Sales Returns and Allowances $250,000: Sales Discounts $
Naily [24]

Answer:

0.25 or 25%

Explanation:

The computation of the gross profit rate is shown below:

Gross profit rate = Gross profit ÷ Net sales revenue

where,

Net sales revenue = Sales revenue - Sales Returns and Allowances - Sales Discounts

= $2,000,000 - $250,000 - $50,000

= $1,700,000

And, the Cost of goods sold is $1,275,000

So, the gross profit is

= $1,700,000 - $1,275,000

= $425,000

So, the gross profit rate is

= $425,000 ÷ $1,700,000

= 0.25 or 25%

6 0
3 years ago
Is it reasonable to assume that treasury bonds will provide higher returns in recessions than in booms?
Annette [7]
It is indeed reasonable.We know this because interest rates rise when the economy is booming and fall when the economy goes into a recession which is known as procyclic movement. What happens is that during recessions the government usually tries to keepcinterest rates low in order to stimulate investment. It is good because bond prices <span>and interest rates go in opposite directions so bond prices will rise when recession starts. </span>
8 0
3 years ago
Read 2 more answers
PLEASE HELP ILL GIVE BRAINLIEST ANSWER
Rina8888 [55]
Warehousing & Distribution Center

Distribution management refers to the process of overseeing the movement of goods from supplier or manufacturer to point of sale. It is an overarching term that refers to numerous activities and processes such as packaging, inventory, warehousing, supply chain, and logistics.
4 0
3 years ago
1. is stay-alive inc. an effective team? why or why not? 2. how were the various team behaviors performed in this agency? what r
andre [41]

Is Stay-Alive Inc. an effective team because properly attend meetings. Distinct teams perform different functions at Stay-Alive Inc., which has a hierarchical organization. Proper teamwork, the organization has grown more effective. Encourage staff to work and ensure that new technology is employed in the workplace. In team building, major disagreements and misunderstandings arise.

What is team?

A team is an individual or group of people, all working together to achieve a common goal. Teamwork is the most important thing in the organization.

Is Stay-Alive Inc. staff at least attend 5 meetings in a week. Is Stay-Alive Inc. as hierarchical structure of team work. The organization benefits from proper team building. Employees need to be well trained and motivated in their jobs. In a team-building session, conflict and communication hurdles are generated.

As a result, Is Stay-Alive Inc. an effective team and improving performance.

Learn more about on team-building, here:

brainly.com/question/17059661

#SPJ1

7 0
1 year ago
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