User Account

All Pages

Computing diluted earnings per share for the quarter

Assignment Help Managerial Accounting
Reference no: EM133000799

Question - January 1, 2018, Illini Inc. granted executive stock options to purchase 27,000 of its common shares at $7 each. The market price of common stock was $10 per share on December 31, 2018, and averaged $9 per share during the year then ended. There was no change in the 150,000 shares of outstanding common stock during the year. Net income for the year was $25,000. What the number of shares to be used in computing diluted earnings per share for the quarter?

Reference no: EM133000799

Questions Cloud

What is the discount rate investors : Lerman Company has preferred stock outstanding. It pays an annual...(Round answer to 2 decimal places, e.g. 52.75.) Lerman Company has preferred stock outstandi
Determine what is the amount of total assets : Your firm has total debt of $4,180 and debt- equity ratio 0.79. What is the amount of total assets? Round your answer to the nearest number
What is the breakeven price : You purchased one TXT call option with a strike price of $56, for a premium of $1.6 and wrote one TXT put option with a strike price of $59, for a premium of $2
What is the value of the assets : The market value of the assets of a corporation is currently $290.0 million but the owners wish to only use as collateral a value that will result in an interes
Computing diluted earnings per share for the quarter : Net income for the year was $25,000. What the number of shares to be used in computing diluted earnings per share for the quarter
Create the simple report : Create the simple report shown for the Adventure table. Save the report with the name Adventure Report, and then close the report
Which of statements relating to periodic inventory system : Which of the statements relating to the periodic inventory system is incorrect? The Inventory account is classified as a non-current asset.
Calculate the contribution margin per labor hour : Calculate the contribution margin per labor hour for both Flash and Clash. Based on direct labor hours: 4 direct labor hours (DLHs) per unit of Flash
By what amount will equity value of combined company change : The continuously compounded risk-free rate is 3.5 percent. By what amount will the equity value of the combined company change

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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