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Thepotemich [5.8K]
4 years ago
7

8. Blue Cab Company had 50,000 shares of common stock outstanding on January 1, 2021. On April 1, 2021, the company issued 20,00

0 shares of common stock. The company had outstanding fully vested incentive stock options for 5,000 shares exercisable at $10 that had not been exercised by its executives. The end-of-year market price of common stock was $13 while the average price for the year was $12. The company reported net income in the amount of $269,915 for 2021. What is the diluted earnings per share (rounded)
Business
1 answer:
JulijaS [17]4 years ago
4 0

Answer:

$4.10

Explanation:

total weighted stocks:

January 1 = 50,000 x 12/12 = 50,000

April 1 = 20,000 x 9/12 = 15,000

total = 65,000

diluted stocks = 5,000 - (5,000 x 10) / 12 = 833.33 ≈ 833

net income = $269,915

diluted EPS = net income - preferred dividends / (weighted common stocks + diluted stocks) = $269,915 / (65,000 + 833) = $4.0999 = $4.10

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stellarik [79]

Answer:

Strategy as planned emergence

Explanation:

As per Mintzberg's strategic planning framework, strategies either emerge out of existing plans or are a consequence of a deliberate action.

Strategy as a planned emergence refers to those strategies which did not pre-exist or which were deliberately created , rather emerged as a consequence of a business problem or as a reaction to a business situation.

In the given case, Zenya has created an online service whereby users can rent out the spare rooms of their houses. She appointed qualified employees for opinion and recommendations.

In the given case, emergent strategy is suggested so as to fully utilize the strengths of her team and enable the company to make the most of the independent actions and opportunities.  

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4 years ago
All of the following are ways that governments encourage international business except?
never [62]
Im pretty sure that it is d

4 0
3 years ago
________ are the most affluent and brand conscious demographic segment in the united states.
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Asian Americans are the most affluent and brand conscious demographic segment in the U.S. The older portion of the Asian American segment have more disposable income and are also likely to very brand conscious. As an overall group, they are inclined to using this disposable income towards purchasing entertainment goods and services, as well as goods and services associated with health care, travel and financial industry.
8 0
3 years ago
You are the senior auditor in charge of the audit of Potholders Ltd, a retailer of garden pots and gnomes. Your audit firm has b
Gnom [1K]

The components of audit engagement from the question are:

  • Cost-benefit
  • Circumvention
  • designs
  • application of controls
  • control environment

<h3>The factors that  increase inherent risks</h3>
  • The integrity of the people that are in managerial positions.
  • The experience and the effectiveness of managers.
  • Pressures faced by management.
  • The type of business.

<h3>Factors that affect control risks:</h3>
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  • The use of Outdated controls
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Read more on inherent risks here: brainly.com/question/14538724

7 0
2 years ago
Tan Company acquires a new machine (ten-year property) on January 15, 2017, at a cost of $200,000. Tan also acquires another new
IgorLugansk [536]

Answer:

b. $25,716

Explanation:

The total cost recovery Deduction is:

10-year property  

MACRS cost recovery ($200,000×0.10)                          $20,000

7-year property  

MACRS cost recovery ($40,000×0.1429)                         $5,716

Total cost recovery                                                      $25,716

Therefore, The total deductions in calculating taxable income related to the machines for 2017 is $25,716.

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