<span>Should have bought more units of x and less units of y as dollar utility per item x is 24 Ă— 8 / 10 = 19.2 while dollar utility per y is 20 Ă— 5 / 14 = 7.14, but they have to be equal, i.e., 192 Ă— y = 100 Ă— x</span>
Answer:
305,000 Shares
Explanation:
The approriate number of shares to be used in the basic earnings per share computation for 2018 is calculated thus:
- As at December 31, 2017 Issued and Outstanding Common Stock = 300,000 shares
- Dividend paid= 5% Common Stock
- Meaning As at June 30, 2018, Common Stock issued rose as follows:
=(300,000×1.05)= 315,000
- However, Treasury Stock Reacquired September 30, 2018 = 40,000 shares of common stock
- Implication: From January - September 30, Common Stock increased from 300,000 to 315,000. However, From October 1- Decembe 21, Common Stock reduced by 40,000.
- To Calculate the Shares for EPS: We need to remove the last 3 months (October- December) for which the outstanding common stock has reduced by 40,000 shares.
- = (300,000 × 1.05) - (40,000 ×3/12)
- = 315,000-10,000
- =305,000 (Appropriate number of shares for basic EPS for 2018)
Explanation:
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