Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 1)let there be a company a that has 100 thousand s

1)Let there be a Company A that has 100 thousand shares outstanding at the start...

50.1K

Verified Solution

Question

Accounting

1)Let there be a Company A that has 100 thousand shares outstanding at the start of the year i.e.1 January. The company issued 40 thousand new shares on 1 April. On 1 August, the company did a split of shares in the ratio 3:1 i.e. each share became three shares. What is the weighted average shares outstanding? 2) Laurelli Builders (LB) reported the following financial data for year-end 31 December: Common shares outstanding, 1 January 2,000./ Common shares issued on 1 July 350./ Net income $3,000/ Preferred stock dividends paid $500/ Common stock dividends paid $320,000. What is LBs Basic EPS?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

The integers satisfy a property known as mathematical induction. This is a familiar topic in high...

Advance Math
Q

Siblings Dana, Dan, and Doug have inherited 50 acres of pasture land from their Uncle Bob....

Advance Math
Q

Sunrise Coffee Company roasts and packs coffee beans. The process begins in the Roasting Department. From...

Accounting
Q

1 A potentiometer is connected across A and B balance is obtained at 64 0...

Physics
Q

c 67 The frequency of tuning fork is 256 Hz It will not resonate with...

Physics
Q

In deductive reasoning you start from a set of rules and conditions to determine what...

Geometry
Q

Two friends race against each other in 100 meter and 800 meter races Of the...

Geometry
Q

Which of the following statement about budget is correct? ...

Accounting
Q

ThemanagementofCroesusLtd.isconcernedaboutincreasinglabourturnoveratthecompanysfactoryandwantstodeterminetheprofitforegonebecauseoflabourturnoverlastyear.AcostanalystatCroesushasestablishedthefollowing: 1.LastyearstotalsalesamountedtoR8600000,andthelossofcontributionisapproximately20%oflostsalesasaresultoflabourturnover. 2.ThetotalnumberofactualhoursworkedbythedirectLabourforcewas450000hours.Theactualdirectlabourhoursincluded30000hoursattributabletotrainingnewrecruits,outofwhich,two-thirdsofthehourswereunproductive. 3.Asaresultofthedelaysbythehumanresourcesdepartmentinfillingvacanciesduetolabourturnover,100000productivehourswerelost. Thesubsequentcostincurredonlabourturnoverrevealed,onanalysis,thefollowing: R Settlementcostduetoleaving: 43800 ...

Accounting
Q

The following variable production costs apply to goods made by Vernon Manufacturing Corporation Item Materials...

Accounting
Q

. Give the MACRS depreciation life of the following: a. An automobile_________ ___ b. Business...

Accounting
Q

D Question 18 3 pts (Long Answer Questione Chapter 26-Original Text) Use the following information...

Finance