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natta225 [31]
3 years ago
9

On January 1, 2018, Gridley Corporation had 375.000 shares of its $2 par value common stock outstanding. On March 1, Gridley sol

d an additional 750.000 shares on the open market at $20 per share. Gridley issued a 20% stock dividend on May 1. On August 1, Gridley purchased 420.000 shares and immediately retired the stock. On November 1, 600.000 shares were sold for $25 per share. What is the weighted-average number of shares outstanding for 2018? 1, 530,000 1, 125,000 7, 16, 665 516, 666
Business
1 answer:
Allushta [10]3 years ago
4 0

Answer:

weighted-average shares outstanding: 1,075,000

Explanation:

We need to multiply by the shares movements by the months remaining to complete the year. Thus, assinging a weight to each share.

Jan 1st:            375,000 x 12/12(all year) = 375,000

March 1st:        750,000 x 10/12(from March 1st to Dec 31th) = 625,000

May 1st:  20% stock dividends: (375,000 + 750,000) x 20% x 8/12 =

                                    225,000 x 8/12(May 1st to Dec 31th)       = 150,000

August 1st: (420,000) x 5/12(August 1st to Dec 31th) = (175,000)

November 1st: 600,000 x 2/12(November 1st to Dec 31th) = 100,000

375,000 + 562,500 + 150,000 - 175,000 + 100,000 = 1,075,000

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Which of the following is an example of the legal/regulatory environment surrounding advertising and promotional activities of b
hjlf

Answer:

the Federal Trade Commission

Explanation:

Federal Trade Commission - This commission was established in 1914 with the aim to improve the competition practice in commerce. As the year passed, some amendments have done in the commission, now authority can police illegal competition practice.

it helps the customers in filing cases against any fraud,  theft or any unfair practice against them.

8 0
3 years ago
The production function for earthquake detectors​ (Q) is given as​ follows: Q​ = 4K​1/2L​1/2 where K is the amount of capital em
Ksivusya [100]

Answer:

k= 5 units

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Explanation:

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3 0
3 years ago
Read 2 more answers
Following are some of Friendly Village’s transactions during the calendar year 2019. For each transaction, state (a) the amount
Lunna [17]

Answer:

1. Governmental type fund $605,000

Enterprise fund $605,000

2. Governmental type fund $100,000

Enterprise fund $5,000

3.Governmental type fund $13,000

Enterprise Fund $3,000

Explanation:

1a) Calculation to determine the amount the Village would report as expenditures for the year 2019

Governmental type fund=$600,000+$5,000

Governmental type fund=$605,000

1b) Calculation to determine the amount it would report as expenses for the year

Enterprise fund=$600,000+$5,000

Enterprise fund=$605,000

Therefore the amount the Village would report as expenditures for the year 2019 and the amount it would report as expenses for the year will be :

Governmental type fund $605,000

Enterprise fund $605,000

2a) Calculation to determine the amount the Village would report as expenditures for the year 2019

Based on the information the Governmental type fund will be the amount of $100,000 reason been that The truck cost the amount of $100,000

Governmental type fund=$100,000

2b) Calculation to determine the amount it would report as expenses for the year

Enterprise fund=[($100,000/10 years)*6/12]

Enterprise fund=$100,000*6/12

Enterprise fund=$5,000

Note that July 1 to December 31 will give us 6 months

Therefore the amount the Village would report as expenditures for the year 2019 and the amount it would report as expenses for the year will be :

Governmental type fund $100,000

Enterprise fund $5,000

3a. Calculation to determine the amount the Village would report as expenditures for the year 2019

Governmental type fund= $10,000+$3,000

Governmental type fund= $13,000

3b. Calculation to determine Calculation to determine the amount it would report as expenses for the year

Based on the information given we were told that he paid the interest amount of $3,000 as the first installment on the debt which means that the amount it would report as expenses for the year is $3,000

Enterprise fund $3,000

Therefore the amount the Village would report as expenditures for the year 2019 and the amount it would report as expenses for the year will be :

Governmental type fund $13,000

Enterprise Fund $3,000

8 0
2 years ago
1. Which of these approaches is not a way of harnessing open innovation across the internet?
rusak2 [61]

Answer:

the answer is innovation contest I think

4 0
2 years ago
Read 2 more answers
Garland Company received proceeds of $235000 on 10-year, 6% bonds issued on January 1, 2018. The bonds had a face value of $2500
Lerok [7]

Answer:

$238000

Explanation:

The computation of the carrying value of the bond is shown below:

Given that

Face Value of Bonds = $250,000

Proceeds from issuance of bonds = $235,000

Before that we need to compute the following things

Now

Discount on Bonds Payable = Face Value of Bonds - Proceeds from issuance of bonds

= $250,000 - $235,000

= $15,000

Life of Bonds = 10 years

Now

Discount on Bonds amortized annually = Discount on Bonds Payable ÷ Life of Bonds

= $15,000 ÷ 10

= $1,500

Now

Discount amortized is

= Discount on Bonds amortized annually × expired life

= $1,500 × 2

= $3,000

Finally

Carrying Value of Bonds = Issue Price + Discount amortized

= $235,000 + $3.000

= $238,000

5 0
3 years ago
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