7. royce company had 50,000 shares of common stock outstanding on january 1, 2021. on april 1, 2021, the company issued 20,000 shares of common stock. the company had outstanding fully vested incentive stock options for 5,000 shares exercisable at $10 that had not been exercised by its executives. the end-of-year market price of common stock was $13 while the average price for the year was $12. the company reported net income in the amount of $269,915 for 2021. what is the diluted earnings per share (rounded)?

Answers

Answer 1

The diluted earnings per share were $4.10 if the company reported net income in the amount of $269,915 for 2021.

First, we calculate the total weighted stocks as follows;

January 1 = 50,000 x (12÷12) = 50,000

April 1 = 20,000 x (9÷12) = 15,000

Total = 65,000

Now we determine the diluted stocks as follows;

diluted stocks = 5,000 - (5,000 x 10) / 12 = 833

As the net income given is $269,915; diluted earnings per share can be calculated as follows;

diluted earnings per share = net income - preferred dividends / (weighted common stocks + diluted stocks)

diluted EPS = $269,915 / (65,000 + 833)

diluted EPS = $269,915 / 65,833

diluted EPS = $4.0999 ≈ $4.10

Hence the diluted EPS of Royce company is calculated to be $4.10

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Related Questions

Which "unwritten" skill did the Harvard Business Review consider essential to being promoted on the job?

Answers

The skill that's considered essential to being promoted on the job is strategic thinking.

What is strategic thinking?

Strategic thinking simply means a form of critical thinking. It simply has to do with seeing the bigger picture.

It is an unwritten skill that the Harvard Business Review consider essential to being promoted on the job. It's about putting thoughts to action.

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The major features of the U.S. free enterprise system include:
A. restrictions on the types of available consumer goods.
B. economic decisions made mainly to promote fairness.
C. limited competition between a small number of companies.
D. limits on the government's role in the economy.


ASAP !!!

Answers

Answer:

D. limits on the government's role in the economy.

Explanation:

Free market enterprise refers to the economic model where demand and supply forces determine the products and services in the market and their prices. In this model, sellers have the freedom to select what business they want to start. Buyers have the option of picking their preferred products or services from many competing suppliers.

In a free market enterprise like the USA economy, the government's role is limited to regulation. The government may get involved in the provision of essential services and public goods.  To a large extent, the free market economy is in the profit-motivated,  private sector.

Answer: D. Limits on the governments role in the economy

Explanation: I just took the test on a pe x

pls refer to photo thank you!

pls refer to photo thank you!

Answers

the answer should be product transfer but i could be wrong

Phil Willcot thought about his meeting with the MD team of
directors on his train back to the big city. MD is a prospective
entrant into the e-sourcing space, looking to acquire market share
from the

Answers

Phil Willcot thought about his meeting with the MD team of directors on his train back to the big city

MD is a prospective entrant into the e-sourcing space, looking to acquire market share from the existing players by offering better services at a lower cost.

E-sourcing is an electronic procurement process which is also known as supplier exchange. It is an automated process that eliminates human errors, reduces costs and increases efficiency. It also increases visibility into the procurement process, making it easier to track progress and performance of suppliers.

Market share is the percentage of sales or revenue that a company has in a particular market

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.....................................hi

.....................................hi

Answers

Answer:

Hi!! I hope you are great. Thanks for the pts...

what is the importance of market management​

Answers

Answer:

it helps to stand competent in highly thriving competition in the market.

Explanation:

Please give me a 1 star if I'm wrong

Answer:

Marketing management is of importance as it helps to stand competent in highly thriving competition in the market. This also helps to develop strategies to improve profits and reduce the cost of products. Marketing management has become the major source of exchange and transfer of goods.

Explanation:

Hope it helps :)

All of the following actions lead to the payment of a credit card fee EXCEPT... Using your credit card to get cash from an ATM. Using your credit card to purchase items in a foreign country. Paying your credit card bill ten days after the Due Date. Paying your credit card bill in full and on time every month.

Answers

Answer:

Paying your credit card bill in full and on time every month.

Explanation:

The other choices will most likely prompt a fee to be charged.

The following budgeted profit statement has been prepared using absorption costing principles.

A company manufactures and sells a single product which has the following cost and selling price structure:

P/Unit P/Unit

Selling price 120

Direct Material 22

Direct Labour 36

Variable Overhead 14

Fixed Overhead 12

84

Net Profit 36

The fixed overhead absorption rate is based on the normal capacity of 2,000 units per month.

Assume that the same amount is spent each month on fixed overheads.

Budgeted sales for next month are 2,200 units.

You are required to calculate:

a. The breakeven point, in sales units per month.

b. The margin of safety for the next month.

c. The budgeted profit for the next month.

Answers

a. The breakeven point, in sales units per month, is 1,200 units. b. The margin of safety for the next month is 1,000 units. c. The budgeted profit for the next month is P40,000.

a. To calculate the breakeven point, we need to determine the level of sales at which the company's total costs equal its total revenue. In absorption costing, the total cost per unit is calculated by summing up the direct material, direct labor, variable overhead, and a portion of the fixed overhead per unit.

From the given information, the total cost per unit is P22 + P36 + P14 + (P1,284 / 2,000) = P88.

Therefore, the breakeven point is calculated as the fixed overhead divided by the contribution margin per unit: P1,284 / (P120 - P88) = 1,200 units.

b. The margin of safety is the difference between the actual sales volume and the breakeven point.

In this case, the budgeted sales for the next month are 2,200 units, so the margin of safety is 2,200 units - 1,200 units = 1,000 units.

c. The budgeted profit for the next month can be calculated by multiplying the contribution margin per unit by the budgeted sales units and subtracting the fixed overhead: (P120 - P88) * 2,200 units - P1,284 = P40,000.

Therefore, the breakeven point is 1,200 units, the margin of safety is 1,000 units, and the budgeted profit for the next month is P40,000.

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Type the correct answer in the box. Spell all words correctly. The demand curve has what kind of slope?

Answers

Answer:

Usually slopes downwards

Explanation:

in a negative association

Lopez Corporation, a manufacturer of household paints, is preparing annual financial statements at December 31, 2007. Because of a recently proven health hazard in one of its paints, the government has clearly indicated its intention of having Lopez recall all cans of this paint sold in the last six months. The management of Lopez estimates that this recall would cost $800,000.

Requried:
What accounting recognition, if any, should be accorded this situation?

Answers

The accounting recognition to be accorded in this situation is operating expense of $800,000 and liability of $800,000.

Basically, an accounting recognition refers to the act of recording a business transaction in the firm's accounting records.

Because the management of Lopez estimates that this recall of all cans of paint sold in the last six months would cost $800,000, then, the entry will be as follows

In conclusion, the accounting recognition to be accorded in this situation is operating expense of $800,000 and liability of $800,000

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Mary is a stay-at-home mother whose husband died. She has two small
children to care for, and her husband was the primary wage earner for their
family. What Social Security benefits would care for Mary and her children?
A) retirement benefits
B) disability benefits
C) survivor’s benefits
D) worker’s compensation

Answers

Answer:

The answer that I think would be correct is option C (survivors benefits)

Explanation:

Retirement benefits definition: a form of social insurance payment made by the US Social Security (for age 62 and older) considering that Mary has two small kids, she probably isn't that old.

Disability benefits: in order to be eligible, you have to be unable to do regular or customary work for at least right days. Considering the fact that Mary is a stay at home mother then she wouldn't be employed.

Survivors benefit: this allows a retiree to ensure after death, a continuous lifetime annuity for their dependents.

Workers compensation: provision of benefits to employees who suffered work related injuries. Mary's husband most likely didn't die in the work place.

A neighbor’s kid comes into your backyard and jumps on the trampoline without your permission or knowledge. He falls off and lands on his head, resulting in a week’s hospital stay.

Answers

The first step should making sure such child receives proper medical attention. When he is well, we can have a conversation with the neighbor to prevent it from happening again..

What should be done in the event?

It is very important to prioritize the child's health in this situation and once the medical attention has been sought, we can have a calm and respectful conversation with the child's parent to discuss the incident for future interactions.

One can also review any legal liabilities or insurance policies that could be involved. So, by taking proactive steps to prevent similar incidents in the future can help maintain positive relationships with neighbors while ensuring everyone's safety.

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Which of the following is an example of promotion?
A The quality of a product
B. The price of a product
C. An advertisement
D. An employee who works for your company

Answers

Answer:

A. An advertisement

Explanation:

Answer:

it is c

Explanation:

on edg 2021

Lawyers, accountants, and other professionals typically price by adding a standard markup for profit. this is known as ________.

Answers

Lawyers, accountants, and other professionals typically price by adding a standard markup for profit. this is known as cost-plus pricing.

On cost-plus pricing. because the accountant goods they devise have particularly predictable constant prices inclusive of exertions, machine upkeep, and raw substances, it is easy to assign a earnings margin percent to the usage of markup pricing on the pinnacle that sustains the enterprise.

Calculating expenses is complicated due to fluctuations. via tying the fee to value, sellers oversimplify pricing. whilst all firms in the enterprise use this pricing approach, expenses tend to be comparable.

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Which function of financial statements is the most important for entrepreneurs?

Answers

Income Statements, Balance Sheet, Statements of Owner's Equity, and Cash Flow Statements are the financial statements that serve entrepreneurs the most.

Income statement: An income statement is a financial statement that details a company's revenues and outlays for a given time period. An entrepreneur is aware of the gross profit, operating net income, and tax costs. An entrepreneur can also get an estimate of the earnings per share if it's a corporation.

Financial statement that displays the input and outflow of cash is known as a cash flow statement.

The balance sheet is a financial statement that lists all of an organization's assets, liabilities, and owner capital. Current assets, non-current assets, current liabilities, long-term obligations, and owner's equity are all listed on the balance sheet. While the balance sheet is generated for a certain date, the income statement is prepared for an accounting period.

The disclosure of owners' equity is required regardless of whether the company is publicly or privately held. It displays the starting balance, retained earnings, and dividends that the business has paid out.

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what are factors affect demand for labour​

Answers

The factors that effect demand for labour are:

The quantity of a produt that labor produces

A change in the production process that uses more or less labor

A change in goverment policy that effects the quantity of labor

A working knowledge of the cultural variables affecting management decisions is referred to as:

Answers

A working knowledge of the cultural variables affecting management decisions is referred to as cultural intelligence or cultural competence.

Cultural intelligence is the ability to understand, appreciate, and adapt to different cultural perspectives and practices. It involves having a deep awareness and knowledge of cultural variables that can influence management decisions and behaviors. This includes factors such as values, beliefs, norms, communication styles, and social customs of different cultures.

Having cultural intelligence is crucial in today's globalized business environment where organizations operate across borders and interact with diverse stakeholders. It enables managers to navigate cultural differences effectively, build strong relationships with individuals from different cultures, and make informed decisions that consider cultural nuances.

By possessing cultural intelligence, managers can avoid misunderstandings, conflicts, and cultural biases that may hinder effective communication and collaboration. It allows them to adapt their management approach to suit different cultural contexts, leading to more successful and inclusive outcomes.

Culturally competent managers are also better equipped to identify and seize opportunities in diverse markets, enhance cross-cultural teamwork, and foster a culturally sensitive and inclusive work environment.

In summary, a working knowledge of the cultural variables affecting management decisions is referred to as cultural intelligence or cultural competence. It enables managers to understand and adapt to different cultural perspectives, making them more effective in managing diverse teams and conducting business in a global context.

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1. Antitrust laws are designed to

Answers

Answer:

Antitrust laws are statutes developed by governments to protect consumers from predatory business practices and ensure fair competition. Antitrust laws are applied to a wide range of questionable business activities, including market allocation, bid rigging, price fixing, and monopolies

Explanation:

may i have brainliest please and thank you

What are the three primary challenges facing global businesses?
A. Cultural, environmental, developmental
B. Cultural, political, geoeconomic
C. Political, environmental, compliance
D. Political, cultural, architecture

Answers

B. Cultural, political, geoeconomic

The three primary challenges facing global businesses are cultural, political, and geoeconomic challenges.

1. Cultural challenges: As businesses expand globally, they must navigate different cultures, languages, and social norms. This includes understanding and respecting local customs, communication styles, and business practices to establish trust and foster effective working relationships.

2. Political challenges: Global businesses must navigate complex political environments, which can include differing regulatory frameworks, taxation systems, and political stability. They must also be aware of potential political risks such as nationalization, political unrest, or changes in trade policies that can impact their operations.

3. Geoeconomic challenges: Operating in multiple countries means dealing with differing economic conditions, currency fluctuations, and competitive landscapes. Companies must adapt their strategies to various market conditions, consider supply chain management, and address potential economic risks such as inflation, recession, or shifting trade patterns.

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Advances in technology has increased the number of people needed to

A. Develop computer software
B. Teach children in schools
C. Work on assembly lines
D. Serve in the military

Answers

Answer:

A. develop computer software

Assume that a certain income distribution follows a normal curve
with a mean of $150,000 and
SD of $40,000. Determine the 10th percentile income value of this
distribution.

Answers

The 10th percentile income value is approximately $109,820, which indicates that 10% of the income distribution falls below this amount.

The 10th percentile represents the income value below which 10% of the distribution lies. To determine this value, we can use the properties of the normal distribution and the given mean and standard deviation. In a standard normal distribution, the 10th percentile corresponds to a z-score of approximately -1.28. We can convert this z-score back to the original income scale using the formula:

z = (x - mean) / standard deviation

Rearranging the formula, we can solve for x (the income value):

x = (z * standard deviation) + mean

Plugging in the values, we get:

x = (-1.28 * $40,000) + $150,000

x = -$51,200 + $150,000

x ≈ $98,800

However, this value corresponds to the income value at the 10th percentile in a standard normal distribution. To convert it to the original income distribution, we need to account for the mean and standard deviation.

Since the original distribution has a mean of $150,000 and a standard deviation of $40,000, we can calculate the 10th percentile income value by adding the mean:

10th percentile income value = $98,800 + $150,000

10th percentile income value ≈ $248,800

Therefore, the approximate 10th percentile income value of this distribution is $109,820.

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FILL THE BLANK.
Mere possession of a billy club is a felony under the dangerous weapons control statutes. Any person who sells a BB gun to a person under ___ years old is guilty of a _____________.

Answers

The possession of a billy club is a felony under dangerous weapons control statutes, while selling a BB gun to a person under a 18 years of age age is considered a criminal offense.

Under dangerous weapons control statutes, the mere possession of a billy club is classified as a felony offense. A billy club is a type of weapon typically consisting of a heavy, often cylindrical object, such as a wooden stick or metal rod, used for self-defense or as a weapon. Possessing a billy club is illegal under these statutes, indicating the severity of the offense.

Additionally, the sale of a BB gun to a person below a certain age is considered a criminal act. A BB gun is an air-powered gun that shoots small metal or plastic pellets, commonly referred to as BBs.

The specific age threshold for the prohibition may vary depending on local laws and regulations. Selling a BB gun to someone below this age limit is regarded as a violation of the law, highlighting the need to regulate the sale and possession of such firearms, particularly in the context of minors.

These regulations aim to ensure public safety and prevent the misuse of potentially dangerous weapons. By criminalizing the possession of billy clubs and regulating the sale of BB guns to minors, the statutes serve as measures to mitigate the risks associated with the possession and use of such items.

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As the economy nears the end of an expansion, which of the following typically occurs? O A. Wages are usually rising faster than prices. OB. The profits of firms will be falling O C. Interest rates are usually rising. OD. All of the above occur.

Answers

As the economy nears the end of an expansion, option D. All of the above occurs. A. Wages are usually rising faster than prices. B. The profits of firms will be falling C. Interest rates are usually rising.

The economy may experience expansion due to both internal and external causes, including fiscal and monetary policies, interest rates, credit availability, weather conditions, technological advancements, and other influences on producer incentives.

Expansion ends when the economy enters the peak phase when it reaches its highest level of output, which marks the end of growth. After this, a contractionary phase occurs as employment levels and housing starts start to drop.

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Mort Silver owns a home. He estimates his expenses as mortgage interest, $10,180; property taxes, $3,690; insurance, $833; depreciation, $3,800; maintenance and repairs, $900; lost interest income, $2,375; and utilities, $2,450. He expects to save $3,700 in income taxes. What is his net cost of home ownership?

Answers

Answer:

$17,528.00

Explanation:

The net cost of home-ownership will be the expenses minus savings.

Mortgage interests: $10,180

Property taxes :$3,690

Insurance :$833

Depreciation :$800

Maintenance and repairs :$900

Loss interest income :$2,375

Utilities: $2,450

The total expenses

= $10,180 + $3,690 + $833 + $800 + $900 + $2,375 + $2,450

=$21,228

Savings

=$21,228 - $3,700

=$17,528.00

To have a more positive metaverse experience, it's important to __________________________.
A. check in with yourself to find the right balance
B. interact with everyone in the same experience
C. exit before someone starts connecting with you
D. continue as long as possible without taking a break

Answers

Interacting with everyone in a similar experience is crucial for a more fulfilling metaverse experience. As a result, choice (B) is the proper response.

What is metaverse?

In science fiction and futuristic literature, the metaverse is a fictitious version of the Internet that is a single, all-encompassing virtual environment made possible by the usage of virtual reality (VR) and augmented reality (AR) devices. A metaverse is a collection of 3D virtual environments that are mostly utilized for social interaction.

The words "meta" and "universe" were combined to create the phrase "metaverse," which first appeared in the science fiction book Snow Crash in 1992.

Hence, option (B) is accurate.

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What is the final phase in human resource planning?
HR programming
Establishing HR objectives and policies
Developing data
HRP control and evaluation

Answers

The final phase in human resource planning. The final phase in human resource planning is: HRP control and evaluation. The correct option is D

HRP control and evaluation involve assessing the effectiveness of human resource policies and programs to ensure they align with the organization's objectives. This phase consists of several steps:

1. Monitoring the implementation of HR programs: This involves tracking the progress of HR initiatives and checking if they are in line with the established HR objectives and policies.

2. Evaluating the effectiveness of HR programs: This step involves measuring the outcomes of HR initiatives to determine if they have met their intended objectives. This could include assessing employee performance, retention rates, and overall job satisfaction.

3. Identifying areas for improvement: Based on the evaluation, the organization can identify areas where HR programs may need to be adjusted or improved. This feedback can help to continuously refine HR policies and ensure they remain relevant and effective.

4. Implementing changes: If needed, changes are made to HR programs based on the evaluation findings to improve their effectiveness. This may involve modifying existing policies or introducing new ones.

5. Continuously reviewing and updating HR policies: As the organization's needs and goals evolve, HR planning should be an ongoing process. This includes regularly reviewing and updating HR objectives and policies to ensure they remain aligned with the organization's overall goals.

In summary, the final phase in human resource planning, HRP control and evaluation, focuses on assessing the effectiveness of HR programs and policies, identifying areas for improvement, and making necessary adjustments to achieve organizational objectives.

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A stock has an expected return of 0.12, its beta is 0.8, and the expected return on the market is 0.07. what must the risk-free rate be? (hint: use capm) enter the answer in 4 decimals e.g. 0.0123.

Answers

The risk-free rate will be Expected return = Risk-free rate + Beta(Market return - Risk-free rate) 0.8

In practice, the risk-free rate is commonly considered to equal to the interest paid on a 3-month government Treasury bill, generally the safest investment an investor can make. The risk-free rate is a theoretical number since technically all investments carry some form of risk, as explained here.

The risk-free rate serves as the minimum rate of return, to which the excess return (i.e. the beta multiplied by the equity risk premium) is added. The equity risk premium (ERP) is calculated as the average market return (S&P 500) minus the risk-free rate.

The value of a risk-free rate is calculated by subtracting the current inflation rate from the total yield of the treasury bond matching the investment duration. For example, the Treasury Bond yields 2% for 10 years. Then, the investor would need to consider 2% as the risk-free rate of return.

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Carrie is creating a personal balance sheet. The heading includes the period of time that the balance sheet represents. Which could be the header of Carrie's balance sheet?

Answers

Answer:

The answer is Carrie's Balance Sheet (January 2013)

Explanation:

It is titled Carrie's Balance sheet and it shows the date in the title, it is the only one with a specific month compared to a longer period of time.

Answer:Carrie’s Balance Sheet (January 1, 2021)

Explanation: Got it correct on edge.

hi ik someone is going to report but i just want to say hi

Answers

Hiiiiiiii how are you today? :)

Lol, mood. Hi! I am literally so bored to. Anyways hope you have a good day!

:) :) :)

When a customer returns a product for a refund, in which account is the entry recorded?a. purchase returnb. purchase discountc. sales returnd. sales discount

Answers

When a customer returns a product for a refund, the entry is recorded in the sales return account.

What is a product?

A product is a tangible or intangible item that is created or manufactured for sale or consumption. It can be a physical item like a car or a smartphone, or a service like healthcare or education. A product is typically designed to meet the needs or wants of consumers, and it can be marketed and sold through various channels such as online stores, brick-and-mortar shops, or direct sales. The success of a product is often measured by its sales performance, customer satisfaction, and brand reputation. Developing a successful product requires a combination of creativity, innovation, market research, and business strategy.

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Tracey ran 1,200 meters in 8minutes. How many meters per minute did she run Polylysine is a random coil at pH < 11.0, while it forms an a-helix if the pH is raised to greater than 12. This is because at pH 12: a. the high concentration of OH ions in solution reduces the electrostatic repulsion between the R groups. b. the lysine residues are uncharged which eliminates the electrostatic repulsion between the R groups. c. the positive charges on the lysine residues stabilize the a-helix. d. the negative charges on the lysine residues stabilize the a-helix the high pH eliminates the polarity across the a-helix. according to an attribution analysis of achievement behavior, first-year student arnold is mot likely to improve his academ,ic performance if he attrtributes poor freshman grades to if a student who is reported for an alleged honor code violation has already been found responsible for a previous act of academic misconduct, how must the honor system proceed? Please help me. NO LINKS. Consider the system of two linear equations.x+2y=63x+8y=4Which point simultaneously satisfies both equations in the system?A) (20, 7) B) (10, 2)C) (4, 10)D) (2, 2) Which method is the best way to collect data about a large group of peoples opinions on political issue Steam enters a well-insulated turbine at 6 MPa, 600C, and 80 m/s and leaves at 50 kPa, 100C, and 140 m/s at a rate of 5.158 kg/s. Assuming the surroundings to be at 25C and 100 kPa, the second-law efficiency of this turbine is a. 90.6% b. 70.6% c. 85.6% d. 80.6% e. 75.6% Write 5 sentences identifying the use of commas Describe 3 reasons (give specific details) why Chief Joseph would be (plaque) or wanted (for arrest). And describe 3 reasons (give specific details) why Chief Joseph would be honored.(The question is not about his life story, its a hypothetical question, its pretty much if the government made a wanted poster for Chief Joseph what will be 3 specific reasons why he will be wanted-from the government). & the opposite as well, for example, why will be honored by the people/his people/anyone for that matter. Rewrite 5^-15 using a positiveexponent. Please explain as well :) Read the following passage:we also landed the Cyclops' sheep, and divided them equitablyamongst us so that none might have reason to complain.Based on the context, what does the word equitably most likely mean?effectivelyproportionallysubstantiallyequally A cylinder-piston system contains an ideal gas at a pressure of 1.5 105 pa. the piston is pushed out, allowing the gas to expand from an initial volume of 0.0002 m2 to a final volume of 0.0006 m3. the system absorbs 32 j of heat during this process. what is the change in internal energy? [use au=q-w=q- pav] Help&explain Dont use for points or will be reported and Ill take the points back I want That user reported 7. Which of the following statements describes the most likely consequence of the information shown in the graph? (1) an increase in the adult illiteracy rate an improvement in achievement test scores (3) a decline in the number of federally guaranteed student loans (4) a decrease in the number of high school graduates in the 1990s an increase in the number of children per classroom (5) which of the following pairs of variables is likely to have a negative correlation? check all that apply. A car engine creates a 2940 Nforce on a 1520 kg car. If thereare no other forces, what is theacceleration of the car? Identify the relationship between the Tang Dynasty and neo-Confucianism. what you call the amount a business receives from the sale of an item of merchandise.