1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Alinara [238K]
3 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]3 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.

You might be interested in
Economics is best defined as the study of how societies deal with
lutik1710 [3]

Answer:

The division of labor.

Explanation:

3 0
3 years ago
some organizations have platforms that allow employees to provide an anonymous feedback about the organ Behavior colleagues and
cestrela7 [59]

The platforms that gives an employees an opportunity to provide an anonymous feedback about the colleagues behavior is known as  <u>whistleblowing platform</u><u>.</u>

<h3>What is whistle-blowing?</h3>

In a formal setting, a whistle-blow refers to a platform that allows people to tell authorities that the some people or group one is working for are doing something immoral or illegal.

In conclusion, this platform ensures a protection of whistle-blower nevertheless.

Read more about whistle-blower

<em>brainly.com/question/21126941</em>

3 0
2 years ago
Brief Exercise 24-2 Hsung Company accumulates the following data concerning a proposed capital investment: cash cost $216,758, n
Tanzania [10]

Answer:

Net Present Value = $12,400

Since net present value is positive, the investment shall be made.

Explanation:

Capital outlay = $216,758

Cash inflow every year = $43,900

Period = 10 Years

Net Present Value = Present value of cash inflow - Present value of cash outflow

Present Value of Cash Inflow = Cash inflow each year X Present value factor of cash inflows for years

= $43,900 X 5.22

= $229,158

Present value of cash outflow = $216,758

Net Present Value = $229,158 - $216,758 = $12,400

Since net present value is positive, the investment shall be made.

Net Present Value measures the net effect of an investment discounted at current rate of interest, i.e. cost of capital.

Final Answer

Net Present Value = $12,400

Since net present value is positive, the investment shall be made.

3 0
3 years ago
What are the three riches nations in the world​
Rus_ich [418]

Answer:

1. Qatar

2. Macao SAR

3. Luxembourg

Explanation:

The 3 wealthiest countries in the world according to GDP (PPP) is Qatar - $134,623, Macao SAR - $122,201 and  Luxembourg - $108,813

5 0
3 years ago
Suppose Germany, a large country, imposes a tariff on tuna imports. Before the tariff, all the countries in the world are engage
Ede4ka [16]

Answer:

1. This is true.

The Germans will pay a higher price for tuna because the tariff will increase the price of imported tuna and the reduction in completion with the local producers will lead to higher prices as the local producers take up their price.

2. This is true.

German producers no longer have to compete as much with imported tuna which was cheaper. They will therefore be able to raise their prices.

3. This statement is false.

The world price of Tuna DOES NOT increase because the tariff is only applicable in Germany. Other parts of the world will trade tuna as before. This is what is assumed.

4. This statement is true.

If Vietnam was exporting tuna to Germany, they will become worse off because they will see a decline in demand for their tuna on account of the tariffs making the tuna more expensive.

5. This is false.

Vietnamese tuna consumers will still pay the same price to get tuna because Vietnam produces the tuna. It is Vietnam's producers that will suffer not the consumers.

5 0
3 years ago
Other questions:
  • Refer to the accompanying graphs for a competitive market in the short run. What will happen to the representative firm's econom
    13·1 answer
  • Which type of account typically has very high liquidity, low or no interest, and low minimum balance?
    13·1 answer
  • Typically, a steering team or leadership team is responsible for all of the following project related roles EXCEPT:
    12·1 answer
  • Find the perimeter<br>of the woods.<br>6 km<br>45 km<br>P<br>=<br>3 km​
    9·1 answer
  • 3 Points
    14·2 answers
  • The fact that a proposed project is analyzed based on the project's incremental cash flows is the assumption behind which one of
    6·1 answer
  • Which type of estate is created when the landlord and tenant enter into an agreement for an indefinite time with no specific ter
    10·1 answer
  • Demand-pull inflation occurs when
    5·2 answers
  • You are asked to give a presentation for a local university business class. What should you focus on first when preparing for yo
    11·1 answer
  • Landscapers must be
    7·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!