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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

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Answer:

Non-cash revenues.

Explanation:

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This activity is important because as a manager, you should know how compensation methods are related to motivation theories. Co

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Answer:

A. Merit Pay - 2. Equity Theory

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Explanation:

Employee motivation is dependent on many factors. A person may be motivated just if his work is appreciated. He feels that his work is appreciated and for this reason he is motivated to perform better. Some people consider pay rise or monetary rewards as their motivation factor. Some people finds more authority as their motivating factor. They feel motivated if they are given more challenging work and more authority.

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3 years ago

Two years ago, Conglomco stock ended at $73.02 per share. Last year, the stock paid a $0.34 per share dividend. Conglomco stock

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Answer:

Dollar return

= Closing price - Opening price + Divided

= $77.24 - $73.02 + $0.34

= $4.56

Percent return

= Dollar return x 100

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= $4.56 x 100

$73.02

= 6.24%

Explanation:

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3 years ago

How do general partnerships and limited partnerships differ?

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3 years ago

The data shown were obtained from the financial records of Italian Exports, Inc., for March: Estimated Sales $510,000 Sales 567,

sergeinik [125]

Answer:

Italian Exports, Inc.

Budgeted Income Statement

For the Month Ending Mar. 31, 2020

Sales $ 567,933

Cost of Goods Sold

Beginning Inventory $0

Purchases 294,820

Cost of Goods Available for Sale $294,820

Ending Inventory (10%) 29,482

Cost of Goods Sold $265,338

Gross Profit 302,595

Operating Expenses:

Marketing Expense (5%) 25,500

Sales Commissions (2%) 11,359

Rent Expense 7,400

Depreciation Expense 1,000

Utilities 2,600

Total Operating Expenses $47,859

Operating income $254,736

Taxes (15% of next month sales) 84,150

Net Income $170,586

Explanation:

a) Data and Calculations:

Estimated Sales $510,000

Sales 567,933

Purchases 294,820

Ending Inventory* 10%

Administrative Salaries 50,360

Marketing Expense** 5% of $510,000 = $25,500

Sales Commissions 2% of $567,933 = $11,359

Rent Expense 7,400

Depreciation Expense 1,000

Utilities 2,600

Taxes*** 15% *of next month's sales **of estimated sales ***of income before taxes

Estimated sales next month = $561,000 (1.1 * $510,000)

Taxes = $84,150 (15% of $561,000)

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3 years ago