Compute diluted earnings per share

Assignment Help Accounting Basics
Reference no: EM132476451

Question - Metlock Corporation earned $349,000 during a period when it had an average of 100,000 shares of common stock outstanding. The common stock sold at an average market price of $21 per share during the period. Also outstanding were 15,300 warrants that could be exercised to purchase one share of common stock for $14 for each warrant exercised.

Required - Compute diluted earnings per share.

Reference no: EM132476451

Questions Cloud

Watching the video generational theft : After watching the video Generational Theft regarding our nation's debt situation and the impact of entitlements like Social Security and Medicare
Compute the earnings per share data : Assuming a 50% tax rate, compute the earnings per share data that should appear on the financial statements of Teal Industries as of December 31, 2017
Interpreting employment data as the gig economy grows : After the reading the Issues & Applications in your etext: Interpreting Employment Data as the Gig Economy Grows and researching online how Social Security
Consumption today and investment for tomorrow : Describe some of the choices the government makes between consumption today and investment for tomorrow.
Compute diluted earnings per share : Metlock Corporation earned $349,000 during a period when it had an average of 100,000 shares of common stock outstanding. Compute diluted earnings per share
Calculate the unemployment-rate-employment rate : Calculate the unemployment-rate, employment rate and participation rate (for each calculation, show the formula and your work).
What are reserve requirements based upon : What are the three types of reserves? What are reserve requirements based upon?
Determine what should the automated machine be purchased : Based on the net present value criterion, Determine what should the automated machine be purchased and the lazy operator fired?
Demand pulled inflation and cost pushed inflation : What is the difference between demand pulled inflation and cost pushed inflation?

Reviews

Write a Review

Accounting Basics Questions & Answers

  What is the book value of the plant asset

What is the book value of the plant asset on the December 31, 2014, statement of financial position assuming that Holt Company uses

  Watson corp monthly income before taxes

Watson Corp. manufactures and sell 20,000 units of product X each month. Each unit sells for $16.00 and has a contribution margin of $5.00. If we discontinue product X, $66,000.00 in fixed costs would be saved each month and there would be n..

  Compute the overhead rate using the traditional approach

Compute the overhead rate using the traditional (plantwide) approach

  Why is it the gaap approved method

If the absorption costing method can be misleading, and it is not suitable with the CVP, why is it the GAAP approved method? How about international standards, What is the treatment under IFRS?

  Chinese economy encounter in the future

a. What does Bardhan mean by "technological catch-up"? b. If Bardhan is correct, what problems might the Chinese economy encounter in the future?

  Determine the balance in the related deferred tax account

Determine the balance in the related deferred tax account at the end of each year. Is it a deferred tax asset or a deferred tax liability

  The production process is straightforward first the blank

r-tunes inc. is in the business of developing promoting and selling musical talent online and with compact discs cds.

  Significance and usefulness of accounting cycle

Please discuss the value of the accounting cycle to the including:

  All of its production will be sold to divisions a and b no

kingly corporation division c will continue to produce parts 101 and 201. all of its production will be sold to

  Develop an analysis of the investments usign given data

Develop an analysis of these three investments in Excel. Use expected value to determine which of the three alternatives you should choose.

  You know that both internal and external users have not

you know that both internal and external users have not only the short-term success but also the long-term success of

  For which activities is depreciation reported

In government-wide financial statements, for which activities is depreciation reported?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd