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I am Lyosha [343]
2 years ago
14

On January 1, 2021, Algerian Delivery had 100,000 shares of common stock outstanding. The following transactions occurred during

2021: March 1: Reacquired 3,100 shares, accounted for as treasury stock. September 30: Sold all the treasury shares. December 1: Sold 12,100 new shares for cash. December 31: Reported a net income of $298,750. Required: Calculate Algerian Delivery's basic earnings per share for the year ended December 31, 2021. (Round your answer to 2 decimal places.)
Business
1 answer:
defon2 years ago
6 0

Answer:

Algerian Delivery's basic earnings per share for the year ended December 31, 2021 is $3.01

Explanation:

In order to calculate Algerian Delivery's basic earnings per share for the year ended December 31, 2021 we would have to make first the following calculations:

Net Income = $298,750

Calculation of Weighted Average of Number of Equity Shares:

Outstanding on Jan 1 = 100,000*12/12 = 100,000

Less: Treasury Stock 3,100*10/12 = (2,583)

Sold Treasury Shares 3,100*3/12 = 775

New Shares Sold 12100*1/12 = 1,008

Therefore, Weighted Average of Equity Shares during the year = 100,000  - 2,583 + 775 + 1,008 =99,200

Therefore, Basic Earnings per Share = Net Income/Weighted Average of Equity Shares outstanding during the year

= $298,750/99,200 = $3.01

Algerian Delivery's basic earnings per share for the year ended December 31, 2021 is $3.01

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Explanation:

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 According to the given question, the Event marketing is one of the type of strategy that best illustrating the given scenario about a non profit organization is conduct a food fair and the collected fair is basically contributed for the charity purpose.

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8 0
3 years ago
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morpeh [17]

Answer:

$1,079 billion

Explanation:

Calculation to determine what Gross domestic product is

Using this formula

Gross domestic product = Personal Consumption Expenditures + Gross Private Domestic Investment + Government Purchases + Net exports

Let plug in the formula

Gross domestic product = $475 + $300 + $315 + ($249 - $260)

Gross domestic product =$475 + $300 + $315 + +$11

Gross domestic product = $1,079 billion

Therefore Gross domestic product is $1,079 billion

8 0
2 years ago
At the beginning of November, Watson Industries has a cash balance of $3,461,000. They have expected cash receipts of $712,000 a
Ahat [919]

Answer:

$224,000

Explanation:

The computation of the borrowed cash amount is shown below:

= Cash balance + expected cash receipts - expected cash disbursements - minimum monthly balance

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= $224,000

Simply we add the expected cash receipts and less the expected cash disbursements and minimum monthly balance to the cash balance so that accurate value can come.

4 0
3 years ago
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alisha [4.7K]

Answer:

The correct word for the blank space is: public.

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A public corporation has sold stock through an<em> Initial Public Offering </em>(IPO) to the public and that stock is currently traded on a <em>public stock exchange</em> or the <em>Over-The-Counter</em> (OTC) market. The ability to sell public shares is very important to these businesses as it provides them with a source of capital for investment.

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3 years ago
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MAVERICK [17]

The correct answer is B. Conflict is a normal part of everyday workplace.

Explanation

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5 0
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