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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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3 years ago

Cash to Monthly Cash Expenses Ratio Capstone Turbine Corporation produces and sells turbine generators for such applications as

Andrej [43]

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a) $1,918.17

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Explanation:

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= 16.797

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Answer:

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3 years ago

Carlos has applied for a project manager position, but he is sight impaired to a serious degree from a childhood illness. He mus

soldier1979 [14.2K]

a. Yes, but only if the service dog is an undue hardship for AMPCO

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e. No, because that would be a violation of Title VII

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