User Account

All Pages

What number of shares should be used

Assignment Help Financial Accounting
Reference no: EM132834078

Problem 1: As of Dec 31, 2021, Salt & Pepper Inc. (S&P) had 600,000 common shares outstanding (no preferred shares issued). Further, S&P had granted 180,000 stock options to some executives. These options gave the executives the right to purchase S&P's shares at the option price of $74 per share. As of today, none of these options have been exercised. The "average" market price of S&P's common shares during 2021 was $100. When calculating Diluted EPS for 2021, what number of shares should be used?

Option 1: 733,200
Option 2: 600,000
Option 3: 646,800
Option 4: 663,244

Reference no: EM132834078

Questions Cloud

How each tool supports an interactive learning community : Explain how each tool supports an interactive learning community. Identify one tool presented in the article that was most meaningful to you.
What is muffin co basic eps : Muffin Co. had 200,000 common shares. Dividends were NOT declared in 2020 or 2021. In 2021, net income was $800,000. For 2021, what is Muffin Co's basic EPS?
Describe the skills needed in human resource development : Using the learning outcomes for this week's material, you will prepare two threads of at least 400 words each that discuss two of those outcomes.
Stimulate employee cooperation in cost reduction : Which approach is more likely to stimulate employee cooperation in cost reduction? Why? (a) "Your jobs are threatened now by price cutting competitors
What number of shares should be used : The "average" market price of S&P's common shares during 2021 was $100. When calculating Diluted EPS for 2021, what number of shares should be used?
What is the amount of total current assets at December : Trade and other receivables include long term advances to company officers amounting to P430,000. What is the amount of total current assets at December
What would the diluted eps be : No bonds were converted during 2021. Net income for calendar 2021 was $3,000,000. With a tax rate of 30%, what would the DILUTED EPS be for 2021?
What steps have been taken to address the issue : Whether you agree or not, explain whether campus should encountered transgender requests for bathroom rights. What steps have been taken to address this issue?
Identify singaporean clusters : Identify Singaporean clusters and explain why it is quite difficult to create new clusters for Singapore.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Applies the partial equity method in accounting

Goehler, Inc. acquires all of the voting stock of Kenneth, Inc. on January 4, 2012, at an amount in excess of Kenneth's fair value. On that date, Kenneth has equipment with a book value of $90,000 and a fair value of $120,000 (10-year remaining life)..

  Identify performance obligation in jayne franchise agreement

Identify the performance obligations in Jayne's franchise agreement, and explain whether each is a distinct performance obligation

  Estimate stimulate cultural tolerance and acceptance

Outline how you needed to compromise and be mindful of people's cultural differences as you manage employees and consider strategies

  Estimate of the total misstatement in? inventory

You are evaluating audit results for assets in the audit of HalosHalos Manufacturing. You set the preliminary judgment about materiality at $50,000. Assume you tested inventory amounts totaling $1,250,000 and found $12,500 in overstatements. Ignoring..

  Determine the income tax expense

Determine the Income tax Expense for 2020. At December 31, 2020, temporary differences were associated with the following future taxable (deductible)

  Determine total sources and use of cash for the first month

The Toronto Diner, opened a sole proprietorship by Felix Fudd, recorded the following transactions during it's first initial month of operations: Rented facilities for $3,000 per month and paid the lessor $9,000 for the first three months. Determine ..

  Find and calculate the management fee mike must pay year

Find and Calculate the management fee Mike must pay year. Mathew Johnston invested a total of $22,100 in the New Colony Pacific Region

  Find fairness and reasonablennes of paula accounting policy

Revenue was recognized when cash was reveived from customers. most customers paid in cash but fer customers purchased and were allowed to pay in 30 days.

  Determine the cost of each capital component

Determine the cost of each capital component. New preferred stock with a dividend of $11 can be sold to the public at a price of $95 per share.

  What is mike realized gain on the sale

What is Mike's realized gain on the sale? During the current year, Mike sells a tract of land for $800,000 that he had received from Idaon March

  Suggest why net income increase while the cost of goods sold

Suggest why net income increased from $92,500 to $414,900 while the cost of goods sold percentage increased each year and selling and administrative expenses remained nearly constant.

  Prepared the journal entries to record these transactions

The company had the following transactions and events during its first year of operations. Estimated overhead for the year was $770,000; estimated direcl labor cost for the year was $350,000. Prepared the journal entries to record these transactions ..

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