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Alinara [238K]
2 years ago
13

g On January 1, 2021, Sealed Air had 100,000 shares of common stock outstanding. The following transactions occurred during 2021

: March 1: Reacquired 3,900 shares, accounted for as treasury stock. September 30: Sold all the treasury shares. December 1: Sold 12,900 new shares for cash. December 31: Reported a net income of $306,750. Required: Calculate Sealed Air's basic earnings per share for the year ended December 31, 2021. (Round your answer to 2 decimal places.)
Business
1 answer:
leonid [27]2 years ago
4 0

Answer:

$3.10

Explanation:

Outstanding on Jan 1 = 100,000*12/12 = 100,000

Less: Treasury Stock 3,900*10/12 = (3,250)

Add: Sold Treasury Shares 3,900*3/12 = 975

Add: New Shares Sold 12,900*1/12 = 1075

Weighted Average of Equity Shares = 100,000 - 3,250 + 975 + 1,075

Weighted Average of Equity Shares = 98,800

Basic Earnings per Share = Net Income/Weighted Average of Equity Shares outstanding

Basic Earnings per Share = $306,750/98,800 shares

Basic Earnings per Share = $3.10475709

Basic Earnings per Share = $3.10

So, Sealed Air's basic earnings per share for the year ended December 31, 2021 is $3.10.

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An Amazon seller is deciding which of their products to invest in for the next quarter to maximize their profits. They have each
Aleksandr [31]

This question is about the sales strategy for online selling portal Amazon.

An Amazon seller is identifying strategy to revive its declining sales. The seller wants to maximize its revenue by adopting optimum product mix for next quarter.

The maximum profit can be calculated using the following :

maxProfit (k , profit): n = len(profit) rotate = n // 2

windowSum = float('-inf') iterator = 0

Conclusion: The products which are showing positive trend in the market should be placed visible for the next quarter. The products products profit is estimated to be equal to cost to invest which the price of product plus its launching expense.

Formula: The maximum profit a seller can achieve through this strategy is (k , profit):

n = len(profit) rotate.

Learn more Business at brainly.com/question/26144002

8 0
2 years ago
Crane Company issued common stock for proceeds of $389000 during 2019. The company paid dividends of $88000 and issued a long-te
ivann1987 [24]

Answer:

$284,000

Explanation:

Calculation to determine what The financing section of the statement of cash flows will report net cash inflows of

Using this formula

Net cash inflows=Common stock-Dividends-Treasury stock

Let plug in the formula

Net cash inflows= $389000-$88000 -$17000

Net cash inflows=$284,000

Therefore The financing section of the statement of cash flows will report net cash inflows of $284,000

6 0
2 years ago
The following information pertains to Crane Video Company:1. Cash balance per bank, July 31, $7,263.2. July bank service charge
My name is Ann [436]

Answer:

A. Prepare a bank reconciliation at July 31.

                                        Crane Video Company

                                             Bank Reconciliation

                                                        July 31

Cash balance per bank statement                             $7,263

Add: Deposits in transit                                                 1300

                                                                                      8,563

Less: Outstanding checks                                              591

Adjusted cash balance per bank                                $7,972

Cash balance per books                                             $7,284

Add: Collection of N/R ($700 plus

accrued interest $36 less collection

fee $20)                                                                          716

                                                                                       8,000

Less: Bank service charge                                               28

Adjusted cash balance per books                               $7,972

B. Journalize the adjusting entries at July 31 on the books of Crane Video Company.

The adjusting entry would be,

Date           Account Title                         Debit        Credit

Jul 31         Cash                                         716

                 Miscellaneous Expense           20

                 Notes Receivable                                         700

                 Interest Revenue                                            36

(to record Collection of N/R ($700 plus accrued interest $36 less collection fee $20)

31              Miscellaneous Expense            28

                 Cash                                                                28

(to record bank service charge)

5 0
3 years ago
Carper Company is considering a capital investment of $390,000 in additional productive facilities. The new machinery is expecte
VARVARA [1.3K]

Answer:

(1) Payback period is 4.588 years or 4 years and 215 days

(2) 5.13%

Explanation:

(1)

Payback period is the time period in which Initial Investment made in the project is recovered in the form of cash inflows.

Payback period = Initial Investment / Annual net cash flow

Payback period = $390,000 / $85,000 = 4.588 years = 4 years and 215 days

(2)

As per given data

Net Income = $20,000

Initial Investment = $390,000

Annual rate of return is the ration of net income to the investment made in the project.

Annual rate of return = Annual net Income / Initial Investment  

Annual rate of return = ($20,000 / $390,000) x 100 = 5.13%

8 0
3 years ago
Read 2 more answers
Kathleen is considering expanding her dress shop. If interest rates rise she is Group of answer choices less likely to expand. T
Karolina [17]

Answer:

<u><em>Less likely to expand.</em></u>

Explanation:

When ever interest rates rise in an economy, the soul purpose of that is to control inflation by influencing the people to save more and consume/spend less.

Hence, when the interest rates will rise, Kathleen will be moving away from the expansion process as she will have to borrow the money at more cost than before, hence increasing the risk of return from the expansion process. Hence this will lead to the demand for loan-able funds to slope downwards.

Hope this helps you. Good Luck.

7 0
3 years ago
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