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atroni [7]
3 years ago
7

As part of its executive compensation plan, Vertovec Inc. granted 60,000 of its no-par common shares to executives, subject to f

orfeiture if employment is terminated within three years. Vertovec’s common shares have a market price of $15 per share on January 1, 2020, the grant date of the restricted stock award, as well as on December 31, 2021. 1,500,000 shares were outstanding at January 1, 2021. Net income for 2021 was $420,000. Required: Compute Vertovec’s basic and diluted earnings per share for the year ended December 31, 2021. (Enter your answers in thousands.)
Business
1 answer:
vampirchik [111]3 years ago
7 0

Answer:

See the explanation below for the basic EPS and diluted EPS

Explanation:

To calculate EPS we use the earnings of the company adjusted for any income for preferential shareholders. In this case there is no preference shareholders. Thus income attributable to ordinary shareholders is $ 420 000 (net income)

Average outstanding shares for BASIC eps calculation is 1500 000 shares.

BASIC EPS = 420/1500

                  = $ 0,28 per ordinary share

When calculating diluted EPS we include instruments that can potentially increase the number of shares and dilute net income. Thus we will include the 60,000 shares to executives that have a three year condition attached to them.

Diluted EPS = 420/(1500+60)

                    = $0,269

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On January 2, Burt asked Logan to loan him money "against my diamond ring." Logan agreed to do so. To guard against intervening
ELEN [110]

Answer:

The answer is: Logan has priority.

Explanation:

Priority is always given to the party that files it first. In this case, Logan and Burt signed a security agreement on January 2 and a financing statement on January 3 that was filed by Logan.

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4 0
3 years ago
Cleghorn Corporation produces and sells a single product. Data concerning that product appear below: Selling price per unit $160
vagabundo [1.1K]

Answer:

$273,600

Explanation:

The selling price per unit is $160

Variable expense per unit is $70.40

Fixed expense per month is 153,216

Therefore the monthly breaking can be calculated as follows

CM ratio = 56%

=>56/100

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= 153,216/0.56

= 273,600

Hence the monthly break even in monthly dollars sales is $273,600

7 0
3 years ago
A buyer and a seller agreed to a home sale. it was not written, but the parties shook hands to cement the deal. the buyer paid a
ryzh [129]

Answer: oral or verbal contract

A buyer and a seller who agreed to a home sale who just shook hands and without a written document went thru an oral contract or verbal agreement. There must be an offer and an acceptance to make this oral contract valid.

4 0
3 years ago
Read 2 more answers
Chin needs more money in his net pay each month, so he plans to reduce his federal income tax deduction from 12% to 11%. His mon
Mila [183]

Answer:

$2891

Explanation:

If chine reduces his federal income deductions from 12% to 11%, the new federal income tax will be as below.

11% of $3500

= 11/100 x 3500

=0.11 x 3500

=$385.

Total deductions after this change will be

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8 0
3 years ago
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Answer:

c. international trade

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Options A and E are wrong because franchising and licensing businesses need to pay a special commission or extra expense to do the business. In that case, if the first company faces any disreputed problem due to the food, it is challenging for other franchisees to operate. Licensing business needs a massive cost at the start of the market.

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4 0
3 years ago
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