Swifty Corporation had 1500000 shares of common stock issued and outstanding at December 31, 2017. On...
Swifty Corporation had 1500000 shares of common stock issued and
outstanding at December 31, 2017. On July 1, 2018 an additional
1250000 shares were issued for cash. Swifty also had stock options
outstanding at the beginning and end of 2018 which allow the
holders to purchase 371000 shares of common stock at $20 per share.
The average market price of Swifty's common stock was $25 during
2018. What is the number of shares that should be used in computing
diluted earnings per share for the year ended December 31,
2018?
2199200
2217950
2824200
2421800
Homework Answers
Diluted earning per share
| Share outstanding (1500000*6/12) | 750000 |
| July 1 (2750000*6/12) | 1375000 |
| Weighted average shares | 2125000 |
| Stock option 371000-(371000*20/25) | 74200 |
| Total diluted shares | 2199200 |
So answer is a) 2199200
Add Answer to:
Swifty Corporation had 1500000 shares of common stock issued and
outstanding at December 31, 2017. On...
Vaughn Manufacturing had 829000 shares of common stock issued and outstanding at December 31, 2017. On...
Vaughn Manufacturing had 829000 shares of common stock issued and outstanding at December 31, 2017. On July 1, 2018, an additional 41600 shares of common stock were issued for cash. Vaughn also had unexercised stock options to purchase 32300 shares of common stock at $20 per share outstanding at the beginning and end of 2018. The average market price of Vaughn's common stock was $25 during 2018. What is the number of shares that should be used in computing diluted...
"Coronado Industries had 1410000 shares of common stock issued and outstanding at December 31, Year 17....
"Coronado Industries had 1410000 shares of common stock issued and outstanding at December 31, Year 17. On July 1, Year 18 an additional 1246000 shares were issued for cash. Coronado also had stock options outstanding at the beginning and end of Year 18 which allow the holders to purchase 376000 shares of common stock at $20 per share. The average market price of Coronado's common stock was $25 during Year 18. What is the number of shares that should be...
Jack Inc. had 750,000 shares of common stock issued and outstanding at December 31, 2019. On...
Jack Inc. had 750,000 shares of common stock issued and outstanding at December 31, 2019. On May 1, 2020 an additional 375,000 shares were issued for cash, and 300,000 shares were purchased on September 1, 2020. Jack also had stock options outstanding at the beginning and end of 2020, which allow the holders to purchase 100,000 shares of common stock at $28 per share. The average market price of Jack's common stock was $25 during 2020. What is the number...
On December 31, 2017, Berclair Inc. had 540 million shares of common stock and 4 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding. On March 1, 2018, Berclair pur...
On December 31, 2017, Berclair Inc. had 540 million shares of common stock and 4 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding. On March 1, 2018, Berclair purchased 24 million shares of its common stock as treasury stock. Berclair issued a 5% common stock dividend on July 1, 2018. Four million treasury shares were sold on October 1. Net income for the year ended December 31, 2018, was $900 million. The income tax rate...
Check my work 3 On December 31, 2017, Dow Steel Corporation had 600,000 shares of common stock and 300,000 shares of 8% noncumulative, nonconvertible preferred stock issued and outstanding. Dow issue...
Check my work 3 On December 31, 2017, Dow Steel Corporation had 600,000 shares of common stock and 300,000 shares of 8% noncumulative, nonconvertible preferred stock issued and outstanding. Dow issued a 4% common stock dividend on May 15 and paid cash dividends of $400,000 and $75,000 to common and preferred shareholders, respectively, on December 15, 2018 33.34 oints On February 28, 2018, Dow sold 60,000 common shares. Also, as a part of a 2017 agreement for the acquisition of...
On December 31, 2017, Dow Steel Corporation had 790,000 shares of common stock and 49,000 shares...
On December 31, 2017, Dow Steel Corporation had 790,000 shares of common stock and 49,000 shares of 7%, noncumulative, nonconvertible preferred stock issued and outstanding. Dow issued a 4% common stock dividend on May 15 and paid cash dividends of $590,000 and $88,000 to common and preferred shareholders, respectively, on December 15, 2018. On February 28, 2018, Dow sold 72,000 common shares. Also, as a part of a 2017 agreement for the acquisition of Merrill Cable Company, another 19,000 shares...
On December 31, 2017, Dow Steel Corporation had 730,000 shares of common stock and 43,000 shares...
On December 31, 2017, Dow Steel Corporation had 730,000 shares of common stock and 43,000 shares of 9%, noncumulative, nonconvertible preferred stock issued and outstanding. Dow issued a 5% common stock dividend on May 15 and paid cash dividends of $530,000 and $82,000 to common and preferred shareholders, respectively, on December 15, 2018. On February 28, 2018, Dow sold 60,000 common shares. Also, as a part of a 2017 agreement for the acquisition of Merrill Cable Company, another 24,000 shares...
On December 31, 2017, Dow Steel Corporation had 790,000 shares of common stock and 49,000 shares...
On December 31, 2017, Dow Steel Corporation had 790,000 shares of common stock and 49,000 shares of 7%, noncumulative, nonconvertible preferred stock issued and outstanding. Dow issued a 4% common stock dividend on May 15 and paid cash dividends of $590,000 and $88,000 to common and preferred shareholders, respectively, on December 15, 2018. On February 28, 2018, Dow sold 72,000 common shares. Also, as a part of a 2017 agreement for the acquisition of Merrill Cable Company, another 19,000 shares...
On December 31, 2017, Dow Steel Corporation had 640,000 shares of common stock and 34,000 shares...
On December 31, 2017, Dow Steel Corporation had 640,000 shares of common stock and 34,000 shares of 8%, noncumulative, nonconvertible preferred stock issued and outstanding. Dow issued a 4% common stock dividend on May 15 and paid cash dividends of $440,000 and $73,000 to common and preferred shareholders, respectively, on December 15, 2018. On February 28, 2018, Dow sold 57,000 common shares. Also, as a part of a 2017 agreement for the acquisition of Merrill Cable Company, another 27,000 shares...
On December 31, 2017, Berclair Inc. had 220 million shares of common stock and 4 million...
On December 31, 2017, Berclair Inc. had 220 million shares of common stock and 4 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding On March 1, 2018, Berclair purchased 32 million shares of its common stock as treasury stock Berclair issued a 5% common stock dividend on July 1, 2018. Four million treasury shares were sold on October 1. Net Income for the year ended December 31, 2018, was $200 million. Also outstanding at December...
On December 31, 2017, Berclair Inc. had 540 million shares of common stock and 4 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding. On March 1, 2018, Berclair purchased 24 million shares of its common stock as treasury stock. Berclair issued a 5% common stock dividend on July 1, 2018. Four million treasury shares were sold on October 1. Net income for the year ended December 31, 2018, was $900 million. The income tax rate...
Check my work 3 On December 31, 2017, Dow Steel Corporation had 600,000 shares of common stock and 300,000 shares of 8% noncumulative, nonconvertible preferred stock issued and outstanding. Dow issued a 4% common stock dividend on May 15 and paid cash dividends of $400,000 and $75,000 to common and preferred shareholders, respectively, on December 15, 2018 33.34 oints On February 28, 2018, Dow sold 60,000 common shares. Also, as a part of a 2017 agreement for the acquisition of...
On December 31, 2017, Berclair Inc. had 220 million shares of common stock and 4 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding On March 1, 2018, Berclair purchased 32 million shares of its common stock as treasury stock Berclair issued a 5% common stock dividend on July 1, 2018. Four million treasury shares were sold on October 1. Net Income for the year ended December 31, 2018, was $200 million. Also outstanding at December...
Most questions answered within 3 hours.
-
Question 1 2 pts
The preprocessor executes after the compiler.
False
True
Question 2 2 pts...
asked 2 minutes ago -
Explain how a spinal cord injury above C3 could result in a
respiratory arrest
asked 18 minutes ago -
You are a statistician and wish to estimate, with 90%
confidence, the proportion of adults who...
asked 3 hours ago -
A man is standing 3.40 m in front of a convex spherical mirror
of radius of...
asked 3 hours ago -
Match the annual percentage rate to each of these trade credit
terms:
__ 1/5, NET 60...
asked 3 hours ago -
ORGANIC CHEMISTRY QUESTION 5
PART A--------
Describe a chemical test for the identification of a double...
asked 6 hours ago -
Both Terence and Tong work at a local actuarial consulting firm
in Des Moines.
Terence arrives...
asked 7 hours ago -
QUESTION 11
. THE RESTING POTENTIAL IS CAUSED BY
.
. A.
. the rotation of...
asked 7 hours ago -
Need them in c++
1. Give the code for the
definition of a node for
the linked implementation of
a tree that contains...
asked 6 hours ago -
For sputtering-cleaning and sputter-depositing a metal,
would you use an AC or DC plasma? Explain your...
asked 7 hours ago -
Defend ONE of the following statements:
Prices should reflect the value consumers are willing to
pay....
asked 7 hours ago -
A magnet of mass 0.10 kg is dropped from rest and falls
vertically through a 20.0...
asked 7 hours ago