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andreev551 [17]
3 years ago
10

Brick Co. has 170,000 shares of common stock outstanding at January 1, 2015. On May 1, 2015, it issued 30,000 additional shares

of common stock. Outstanding all year were 12,000 shares of convertible cumulative preferred stock. Each share of the convertible preferred stock, which was dilutive in 2015, is convertible into one share of Brick’s common stock. What is the number of shares that Brick should use to calculate 2015 diluted earnings per share
Business
1 answer:
fenix001 [56]3 years ago
3 0

Answer:

The number of shares that Brick should use to calculate 2015 diluted earnings per share are 202,000 shares

Explanation:

The computation of the number of shares are shown below:

= January 1 shares + may 1 shares + convertible cumulative preferred stock

= 170,000 shares × 4 months ÷ 12 months + 200,000 shares × 8 months ÷ 12 months + 12,000 shares

= $56666.67 + $133,333.33 + $12,000

= $202,000 shares

The 4 months are calculated from January 1 to May 1, 2015

And, the 8 months are calculated from May 1 to December 31

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Simon Company's year-end balance sheets follow. At December 31 Current Yr 1 Yr Ago 2 Yrs Ago Assets Cash $ 33,817 $ 40,739 $ 42,
SOVA2 [1]

Answer:

Simon Company's

Balance Sheets at December 31L

                                          Current Yr   %      1 Yr Ago     %     2 Yrs Ago   %

Assets

Cash                                    $ 33,817      6     $ 40,739    8     $ 42,420    10

Accounts receivable, net    100,012      17        69,175   14         53,814     13 Merchandise inventory      128,260     22        91,410    18       59,663     14

Prepaid expenses                  11,001       2        10,482     2          4,576      1

Plant assets, net                   311,773    53     292,386   57     255,527    61

Total assets                    $ 584,863    100  $ 504,192  100  $ 416,000  100

Liabilities and Equity

Accounts payable           $ 141,262      24    $ 85,208    17     $ 56,010    13

Long-term notes payable 108,855      19        118,283    23       91,936    22 Common stock,

        $10 par value           163,500      28       163,500   32     163,500    39 Retained earnings             171,246      29        137,201   27      104,554    25

Total liabilities & equity$ 584,863    100    $ 504,192  100 $ 416,000   100

2. Assuming annual sales have not changed in the last three years, the change in accounts receivable as a percentage of total assets is favorable.  It is always better to maintain low accounts receivable, thereby reducing credit risk exposures.

3. Assuming annual sales have not changed in the last three years, the change in merchandise inventory as a percentage of total assets is favorable.  Less inventory means that working capital is not being tied down to inventory.

Explanation:

Common-size percentages are used in analyzing the balance sheet.   The calculations set each line item as a percent of the total assets.

7 0
3 years ago
Which of the four main methods of international entry did Assan Motors employ to expand into the U.S.
kirill115 [55]

Answer: Foreign direct investment

Explanation:

The method of international entry that Assan Motors employed to expand into the United States is the foreign direct investment.

Foreign direct investment is regarded as the investment by a company in another country apart from the country where the entity is based. FDI is an aggressive way regarding international expansion, and has a high level of control.

5 0
3 years ago
A bond has a par value of $1,000, a current yield of 6. 90 percent, and semiannual coupon payments. the bond is quoted at 101.17
poizon [28]

If the bond's par value is $1000,current yield be 6.90% and the bond is quoted at 101.17 then the each coupon payment is $34.9.

Given the bond's par value is $1000,current yield be 6.90% and the bond is quoted at 101.17.

We are required to find the amount of each coupon payment.

Bond value=$1000

Current yield=6.90%=0.0690

Bond quoted=101.17

Payment method=Semi annual =2 payments

Computation of annual coupon amount:

Current yield=Annual coupon/(Bond value*Bond quoted)

0.0690=Annual coupon/(1000*101.17%)

0.0690=Annual coupon/1011.7

Annual coupon=1011.7*0.0690

Annual coupon=$69.8073

Computation of each payment:

Each payment=Annual coupon /2 payment

Each payment=69.8073/2

Each payment=34.90365

Hence the amount of each payment of bond having par value of $1000 is $34.9.

Learn more about bond at brainly.com/question/25965295

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6 0
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The following are all examples of abnormal items disclosed by the company, except: (4 points) A) Goodwill Impairment Charges B)
kari74 [83]

Answer:

Correct Answer:

B) Royalty Expense

Explanation:

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7 0
3 years ago
1) These two fibres can withstand high temperature from iron, high heat of boiling water and can also be dyed.
CaHeK987 [17]

Answer:

This took me a long time to figure out , but I'm pretty sure number 1 is

D) Silk and Wool.

And number 2 is C) Northern Nigeria

Explanation: Hope that's right, sorry if not because for number 1 most of them could be the answer, and for number 2, three  of them could be the answer.‍

5 0
3 years ago
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