Answer:
297,500 shares
Explanation:
Basic Earning per share is calculated dividing Earning for the year excluding preferred dividend by weighted average number of shares.
Weighted average number of shares are used to calculate the basic earning per share.
Weighted Average Number of Diluted Shares = (300,000 x 6/12 ) + ( 300,000 x 105% x 3/12 ) + [ ( (300,000 x 105%) - 40,000) x 3/12 ) ]
Weighted Average Number of Shares = 150,000 + 78,750 + 68,750
Weighted Average Number of Shares = 297,500 shares
Answer:
$354
Explanation:
Annual amount / 365 days or monthly amount /length of month = daily amount.
Therefore;
Daily amount x the numbers of days = proration.
$1,900 / 365 = $5.21 daily amount
(31 January days + 28 February days + 9 March days =) 68 days
$5.21 x 68 = $354
Therefore Jessica's share of the real estate taxes for the current year is $354
Answer: C - Crowdfunding
Explanation: Investors, loans, and selling products and services would not gain them enough financial support, whereas crowdfunding will in an efficient way.
Answer:
Baltimore Inc.
a. Total taxable income = $47,200
b. Income tax payable = $11,800
c. Income tax expense = $11,250
d. Net income = $33,750
Explanation:
a) Data and Calculations:
GAAP determined pretax income = $45,000
Add nondeductible fines 5,000
Less exempt municipal interest revenue 2,800
Total taxable income $47,200
Income tax (25%) 11,800
Income tax expense:
GAAP determined pretax income = $45,000
Income tax (25%) 11,250
Net income $33,750
b) The differences between the GAAP determined pretax income and the tax determined taxable income are due to permanent differences (not temporary). This implies that there are no deferred tax assets and liabilities and no recoveries from deferred taxes. However, in reporting its financial performance for the year, Baltimore Inc. still has to comply with the GAAP rules and not the tax rules.
