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ludmilkaskok [199]
3 years ago
15

On December 31, 2020, Berclair Inc. had 200 million shares of common stock and 3 million shares of 9%, $100 par value cumulative

preferred stock issued and outstanding. On March 1, 2021, Berclair purchased 24 million shares of its common stock as treasury stock. Berclair issued a 5% common stock dividend on July 1, 2021. Four million treasury shares were sold on October 1. Net income for the year ended December 31, 2021, was $150 million.
Also outstanding at December 31 were 30 million incentive stock options granted to key executives on September 13, 2016. The options were exercisable as of September 13, 2020, for 30 million common shares at an exercise price of $56 per share. During 2021, the market price of the common shares averaged $70 per share.

The options were exercised on September 1, 2021.

Required:
Compute Berclair's basic and diluted earnings per share for the year ended December 31, 2021.
Business
1 answer:
Fed [463]3 years ago
4 0

Answer:

0.65 per share

Explanation:

Calculate weighted average share

Date       Weighted average share

Jan 1 200*1.05*2/12 35

Mar 1 (200-24)*1.05*4/12 61.6

July 1 184.80*3/12 46.2

Oct 1 188.80*3/12 47.2

Total  190

Earning per share = (150-27)/190 = 0.65 per share

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the spot price of the euro is currently $1.30. The 1-year futures price is $1.35. Is the interest rate higher in the United Stat
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Explanation:

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8 0
4 years ago
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In reviewing his company's operations, a risk manager noticed that all of the company's finished goods were stored in a single w
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Answer:risk control

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6 0
3 years ago
In the Vasquez Corporation, any overapplied or underapplied manufacturing overhead is closed out to Cost of Goods Sold. Last yea
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Answer:

$69,000

Explanation:

Calculation for overapplied or underapplied manufacturing overhead

Using this method

Manufacturing overhead=Cost of Goods Manufactured-( Actualmanufacturing overhead cost-Applied manufacturing overhead cost to job)

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8 0
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