Business, 16.11.2019 01:31 ryanez5306

Pronghorn inc. uses a calendar year for financial reporting. the company is authorized to issue 8,480,000 shares of $10 par common stock. at no time has pronghorn issued any potentially dilutive securities. listed below is a summary of pronghorn’s common stock activities.
1. number of common shares issued and outstanding at december 31, 2015 1,900,000
2. shares issued as a result of a 10% stock dividend on september 30, 2016 190,000
3. shares issued for cash on march 31, 2017 2,130,000
number of common shares issued and outstanding at december 31, 2017 4,220,000
4. a 2-for-1 stock split of pronghorn’s common stock took place on march 31, 2018
required:
1) compute the weighted-average number of common shares used in computing earnings per common share for 2016 on the 2017 comparative income statement
2) compute the weighted-average number of common shares used in computing earnings per common share for 2017 on the 2017 comparative income statement
3) compute the weighted-average number of common shares to be used in computing earnings per common share for 2017 on the 2018 comparative income statement.
4) compute the weighted-average number of common shares to be used in computing earnings per common share for 2018 on the 2018 comparative income statement.

Answers: 3

Show answers

Another question on Business

Business, 22.06.2019 15:50

Evaluate a real situation between two economic actors; it could be any scenario: two competing businesses, two countries in negotiations, two kids trading baseball cards, you and another person involved in an exchange or anything else. use game theory to analyze the situation and the outcome (or potential outcome). be sure to explain the incentives, benefits and risks each face.

Answers: 1

Answer

Business, 22.06.2019 17:30

Gary lives in an area that receives high rainfall and thunderstorms throughout the year. which device would be useful to him to maintain his computer?

Answers: 2

Answer

Business, 22.06.2019 21:40

Inventory by three methods; cost of goods sold the units of an item available for sale during the year were as follows: jan. 1 inventory 20 units at $1,800 may 15 purchase 31 units at $1,950 aug. 7 purchase 13 units at $2,040 nov. 20 purchase 16 units at $2,100 there are 18 units of the item in the physical inventory at december 31. determine the cost of ending inventory and the cost of goods sold by three methods, presenting your answers in the following form: round your final answers to the nearest dollar. cost inventory method ending inventory cost of goods sold a. first-in, first-out method $ $ b. last-in, first-out method $ $ c. weighted average cost method $ $

Answers: 3

Answer

Business, 23.06.2019 07:50

Your company is starting a new r& d initiative: a development of a new drug that dramatically reduces the addiction to smoking. the expert team estimates the probability of developing the drug succesfully at 60% and a chance of losing the investment of 40%. if the project is successful, your company would earn profits (after deducting the investment) of 9,000 (thousand usd). if the development is unsuccessful, the whole investment will be lost -1,000 (thousand usd). your company's risk preference is given by the expected utility function: u(x) v1000 +x, where x is the monetary outcome of a project. calculate the expected profit of the project . calculate the expected utility of the project . find the certainty equivalent of this r& d initiative . find the risk premium of this r& d initiative e is the company risk-averse, risk-loving or risk-neutral? why do you think so?

Answers: 3

Answer

You know the right answer?

Pronghorn inc. uses a calendar year for financial reporting. the company is authorized to issue 8,48...

Questions