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Rina8888 [55]
3 years ago
9

Stine Inc. had 500,000 shares of common stock issued and outstanding at December 31, 2014. On July 1, 2015 an additional 500,000

shares were issued for cash. Stine also had stock options outstanding at the beginning and end of 2015 which allow the holders to purchase 150,000 shares of common stock at $28 per share. The average market price of Stine's common stock was $35 during 2015. The number of shares to be used in computing diluted earnings per share for 2015 is
Business
1 answer:
SSSSS [86.1K]3 years ago
6 0

Answer:

780,000

Explanation:

Calculation to determine what The number of shares to be used in computing diluted earnings per share for 2015 is.

Diluted earnings per share=(500,000* 6/12) + (1,000,000 *6/12) + [((35 – 28) ÷35) *150,000]

Diluted earnings per share=250,000+500,000+30,000

Diluted earnings per share= 780,000.

Therefore The number of shares to be used in computing diluted earnings per share for 2015 is.780,000

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ELO Corporation purchased a patent for $135,000 on September 1, 2019. It had a useful life of 10 years. On January 1, 2021, ELO
LUCKY_DIMON [66]

Answer: $30,000

Explanation:

Amortization from September 1, 2019 - January 1, 2021 :

September 1, - december 31 = 4/12 = 0.333333

(1 + 0.333333) × (135000 × 10) = $18,000

Value left before patent defense :

$(135,000 - 18,000) = $117,000

Amount reported for patent amortization expense 2021:

$(117,000 + 33,000) ÷ 5

$150,000 ÷ 5 = $30,000

7 0
3 years ago
Members of 67 countries attended a conference on economic development hosted by an international organization based in Gent, Bel
Sever21 [200]

Answer:

High availability.of cheaper labour

Explanation:

An emerging market is defined as one that does not meet the standards of a fully developed market. For example in the area.of labour cost there is no standard set for it.

So companies can get cheap labour from these economies.

Companies like Apple and Nike have used cheap labour from emerging countries to reduce their cost of production.

Manufacturing bases are established in relatively poorer economies where the workers are willing to work for cheap wage

4 0
3 years ago
Workplace technology is relied upon by businesses to increase
Oksanka [162]

Answer:

C

Explanation:

Workplace Technology focues on maximizing effency to increase profit margines

4 0
3 years ago
Read 2 more answers
Consider an economy that produces only DVDs and DVD players. Last year, 10 DVDs were sold at $20 each and 5 DVD players were sol
Lady_Fox [76]

Answer:

D. $650

Explanation:

Given that

15 DVDs sold at $10 = $150

10 DVD player sold at $50 = 500

Therefore,

Nominal GDP this is the addition of the two goods produced, sold at market prices.

Thus

GDP = 150 + 500

= $650

4 0
3 years ago
Read 2 more answers
Initially a bank has a required reserve ratio of 10 percent and no excess reserves. If $1,000 is deposited into the bank, then,
mixer [17]

Answer:

$100 would be held as required reserves

$900 would be available to be given out as loans

Explanation:

The required reserve is the minimum amount set by the Central bank that must be held as reserves by banks.

If $1000 is deposited and 10% is the required reserves, 0.1 × $1000 = $100 would be held as required reserves.

$1000 - $100 = $900 would be available to be given out as loans.

I hope my answer helps you.

5 0
3 years ago
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