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torisob [31]
3 years ago
7

The following information has been obtained from the Massena Corporation: 100,000 shares of common stock were outstanding on Jan

uary 1, 2018. 30,000 shares of common stock were issued on March 1, 2018. A 2-for-1 stock split was declared on April 1, 2018. The 2-for-1 stock split was distributed on May 1, 2018. 10,000 shares of common stock were purchased on October 1, 2018. What is the weighted average number of shares to be used in the calculation of basic earnings per share for 2018?
Business
1 answer:
aivan3 [116]3 years ago
3 0

Answer:

247,500

Explanation:

The calculation showing the weighted average number of shares to be used in the calculation of the of the basic earning per share for 2018 is shown below:

= [(100,000 * \frac{12}{12}) + (30,000 * \frac{10}{12})] * 2 Stock splits - 10,000 * \frac{3}{12}

= 250,000 - 2,500\\= 247,500

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studies of bias in the media have reached which of the following? group of answer choices different conclusions: some found a li
denpristay [2]

Studies of bias in the media have reached different conclusions: some found a liberal bias, while others found a conservative bias. The correct answer is option(a).

Bias is an unequal burden friendly or against a plan or thing, normally in a habit that is to say stubborn, undermining, or prejudiced. Biases may be native or learned. People concede the possibility cultivate biases for or against an individual, a group, or an assumption. In learning and metallurgy, a bias is an orderly mistake.

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4 0
1 year ago
When you are using money to purchase a new mp3 player, money is serving as a:?
m_a_m_a [10]
The choices were A) store of value. B) medium of exchange. C) unit of account. D) double coincidence of wants

<span>The answer is </span>B<span>) medium of exchange. The money was used as a medium to purchase a product. </span><span> It</span><span> can be observed on different transactions of customers to obtain their needed item. It can be a necessity or a want that person must have.</span>
5 0
4 years ago
Many people in Rhenasia are spending less as there are only few good-paying jobs in the country. Many businesses in the country
scZoUnD [109]

Answer: Economy of the country.

Explanation:

The environmental characteristics affecting businesses in Rhenasia is the negative economy of the country. The country of Rhenasia is facing a recession in their economy, this has directly led to a drop in sale of businesses across the country.

4 0
3 years ago
Philadelphia Company has the following information for March: Sales $486,599 Variable cost of goods sold 205,621 Fixed manufactu
egoroff_w [7]

Answer:

Manufacturing margin is $203,253

Contribution margin is $230,357

Net income $118,547

Explanation:

Manufacturing margin is the sales revenue minus manufacturing costs

Sales revenue                           $486,599

Cost of goods sold                  ($205,621)

fixed manufacturing cost         ($77,725)

manufacturing margin            $203,253

Contribution margin is sales revenue minus variable costs:

Sales revenue                           $486,599

Cost of goods sold                  ($205,621)

variable selling & admin          ($50,621)

contribution      margin            $230,357

Income is the sales revenue minus all costs incurred:

Sales revenue                           $486,599

Cost of goods sold                  ($205,621)

fixed manufacturing cost         ($77,725)

Variable selling & admin          ($50,621)

Fixed selling & admin              ($34,085)

Net income                             $118,547

6 0
3 years ago
Ten years ago, Lucas Inc. earned $0.50 per share. Its earnings this year were $5.00. What was the growth rate in earnings per sh
liberstina [14]

Answer:

25.89%

Explanation:

With regards to the above information, initial earning = $0.50

Final earnings = $5.0

Number of periods = 10 years

We can formulate the above into an equation, which will now be:

$5.00 = $0.5 ( 1 + rate )^ 10

We can simplify furthermore.

1 + rate ^ 10 = 5 / 0.5

1 + rate ^ 10 = 10

1 + rate ^ 10 = 10^1/10

1 + rate = 10 ^ 0.1

1 t rate = 1.2589

rate = 1.2589 - 1

rate = 0.2589

rate = 25.89%

Therefore, the growth rate in earnings per share (EPS) over the 10 year period is 25.89% .

3 0
3 years ago
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