All categories

3 years ago

Kasravi co. Had net income for 2013 of shs 400,000.The average number of shares outstanding for the period was 200,000 shares

Business

1 answer:

TEA [102]3 years ago

8 0

Answer:

$1.98

Explanation:

Calculation for should Kasravi Co. report for diluted earnings per share for the year ended 2013

First step is to calculate the Proceeds amount

Proceeds = 12000 × $30

Proceeds = $36,000

Second step is to calculate the Shares assumed purchased

Shares assumed purchased= ($36,000 ÷ $36)

Shares assumed purchased = 10000 shares.

Third step is to calculate the Incremental share issued

Incremental share issued (12000 - 10000)

Incremental share issued = 2000 shares

Now let calculate the diluted earnings per share for the year ended 2013 using this formula

Diluted earnings per share = (Net income ÷ Average Weighted shares + incremental share issued))

Let plug in the formula

Diluted earnings per share = ($400,000 ÷ (200,000 shares +2000 shares))

Diluted earnings per share= $400,000 ÷ 202,000 shares

Diluted earnings per share= $1.98

Therefore The amount that Kasravi Co. Should report for diluted earnings per share for the year ended 2013 is $1.98

You might be interested in

Some people include a letter of last instruction in their estate planning. What is likely TRUE about this letter?

iVinArrow [24]

Answer:

Explanation:

A Letter of Last Instruction (LOLI) serves to give family important information such as where the person wants to be buried, instructions for any pets, or location of important legal documents.

Side note: this is not a will, and should not be used as a substitution for one. A will is a legal document, a LOLI is not.

Hope this helps! Let me know if you have any further questions about my response.

3 0

3 years ago

The Fram family has liabilities of $167,00 and assets of $433,000. <br> What is their debt ratio?

maxonik [38]

Answer:

Their debt ratio is about 0.039.

Explanation:

Given information:

liabilities = $16700

Assets = $433,000

We need to find their debt ratio.

$\text{Debt ratio} = \dfrac{Liabilities}{Assets}$

Substitute the given values in the above formula.

$\text{Debt ratio} = \dfrac{16700}{433000}$

$\text{Debt ratio} = \dfrac{167}{4330}$

$\text{Debt ratio} \approx 0.038568$

$\text{Debt ratio} \approx 0.039$

Therefore, their debt ratio is about 0.039.

4 0

3 years ago

An increase in government spending of $300 billion and a tax cut of $300 billion will have _____ effects on the budget balance a

worty [1.4K]

An increase in government spending of $300 billion and a tax cut of $300 billion will have equal effects on the budget balance and unequal effects on real Gross Domestic Product (GDP). Expansionary will be the effect of a government deficit.

4 0

4 years ago

Chess top uses the periodic inventory system. for the current month, the beginning inventory consisted of 360 units that cost $6

pantera1 [17]

Given: Beginning inventory 360 units @ $65 each
Purchase:
1. 540 units @ $68 each
2. 270 units @ $70 each
Sales: 900 units
To calculate: cost of goods sold as per LIFO method (Last In First Out).
LIFO = stock coming in last will go out first.
Solution:- Cost of goods sold is calculated as follows:
270 units @ $70 each = 270*70 = $18900
540 units @ $68 each = 540*68 = $36720
900 - (270+540) = 90 units
remaining 90 units will be sold from inventory at the beginning
90 units @ $65 each = 90*65 = $5850
So, total cost of goods sold = $ (18900+36720+5850) = $61470.

8 0

4 years ago

Emily is deciding whether to buy the same designer jacket her friends have. The jacket is much more expensive than a similar one

Andreyy89

Answer: Is advertising influencing her?

What are her motivations?

Has she compared prices?

Is she buying at the right time?

Explanation:

The questions that she should consider before she buys the jacket include:

• Is advertising influencing her?

• What are her motivations?

• Has she compared prices?

• Is she buying at the right time?

Before buying the jacket, the question "Will her sister like the jacket too?" shouldn't be considered as she is looking to satisfy her own needs and not that if her sister and in this case, he sister shouldn't have an impact on her buying decision.

3 0

3 years ago