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Rina8888 [55]
2 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]2 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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Listed below are transactions that might be reported as investing and/or financing activities on a statement of cash flows. Poss
andrew-mc [135]

Answer:

Investing Activities refer to cashflow activities that have to do with Fixed assets as well as the ownership of the securities of other companies.

Financing Activities refer to cashflow activities that have to do with how the company sources funds for the company so this includes Equity related activities and long term liabilities.

1. Sale of land.  +I

2. Issuance of common stock for cash.  +F

3. Purchase of treasury stock.  -F

4. Conversion of bonds payable to common stock.  N

5. Lease of equipment.  N

6. Sale of patent.  +I

7. Acquisition of building for cash.  -I

8. Issuance of common stock for land.  N

9. Collection of note receivable (principal amount).  +I

10. Issuance of bonds.  +F

11. Issuance of stock dividend.  X

12. Payment of property dividend.  X

13. Payment of cash dividends.  -F

14. Issuance of short-term note payable for cash.  +F

15. Issuance of long-term note payable for cash.  +F

16. Purchase of marketable securities ("available for sale").  -I

17. Payment of note payable.  -F

18. Cash payment for five-year insurance policy.  X

19. Sale of equipment.  +I

20. Issuance of note payable for equipment.  N

21. Acquisition of common stock of another corporation.  -I

22. Repayment of long-term debt by issuing common stock.  N

23. Payment of semiannual interest on bonds payable.  X

24. Retirement of preferred stock.  -F

25. Loan to another firm.  -I

26. Sale of inventory to customers.  X

27. Purchase of marketable securities (cash equivalents). X

6 0
3 years ago
The common stock of RMW Inc. is selling at $88 a share. It just paid a dividend of $4. Investors expect a return of 15 percent o
Nina [5.8K]

Answer:

12%

Explanation:

R=D1/P0+g

15  =4/88+g

 15 =0.0454+g

15/15=0.0454/15 +g

g=0.3026

.15-0.03=.12

6 0
3 years ago
An externality is a benefit or cost associated with an activity that accrues to some third party who is not a direct participant
Slav-nsk [51]

An externality is a benefit or cost associated with an activity that accrues to some third party who is not a direct participant in the activity. The Tragedy of the Commons suggests that people and states have a general set of incentives that encourage them to limit their consumption of public resources.

<h3>What Is an Externality?</h3>

An externality is a cost or benefit caused by a producer that is not financially incurred or received by that producer. An externality can be both positive or negative and can stem from either the production or consumption of a good or service.

To learn more about Externality visit the link

brainly.com/question/24233609

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7 0
2 years ago
At the beginning of the year, Uptown Athletic had an inventory of $640000. During the year, the company purchased goods costing
Nataly_w [17]

Answer:

Cost of Goods Sold = $1,700,000

Gross Proft = $1,740,000

Explanation:

We solve this assingemtn using the inventory identity:

$$Beginning Inventory + Purchase = Ending Inventory + COGS

We post the given and solve for the missing part:

640,000 + 2,020,000 = 960,000 + COGS

COGS = 640,000 + 2,020,000 - 960,000 = 1,700,000

Next we use the COGS value to calculate the gross profit.

Sales \: Revenues- \: COGS = \: Gross \: Profit

3,440,000 - 1,700,000 = 1,740,000

8 0
3 years ago
Kendall is __________ because he feels a strong sense of responsibility for his work and regularly does more than his job requir
mezya [45]

Answer:

Explanation:

In this statement, Kendall is an active follower because he pushes himself in his work and tries to provide as much value to his employer as possible. This includes giving ideas, perfecting his work, and even going above and beyond by doing tasks that are not part of the job description to simply help out. On the other hand, Cora is a conformist because she follows orders exactly as they are given regardless of whether they are unethical or may cause problems with the other co-workers.

5 0
2 years ago
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