Business, 16.10.2020 14:01 keke6361

On January 1, 2021, Marigold Corp. had 461,000 shares of common stock outstanding. During 2021, it had the following transactions that affected the Common Stock account. February 1 Issued 124,000 shares
March 1 Issued a 10% stock dividend
May 1 Acquired 104,000 shares of treasury stock
June 1 Issued a 3-for-1 stock split
October 1 Reissued 61,000 shares of treasury stock

Required:
Determine the weighted-average number of shares outstanding as of December 31, 2021.

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Answer from: ella9288

Marigold Corp.

Weighted-average number of shares outstanding as of December 31, 2021:

Date Outstanding Shares Number Weight Weighted

January 1, Beginning 461,000 12/12 461,000

February 1 Issue of new 124,000 11/12 113,667

March 1 Stock dividend 58,500 10/12 48,750

May 1 Treasury stock -104,000 8/12 -69,333

June 1 Issue 3-for-1 split 1,618,500 7/12 944,125

October 1 Reissue of Treasury Stock 61,000 3/12 15,250

Dec. 31 Total Outstanding shares 2,219,000 12 1,513,459

Explanation:

a) Data and Calculations:

Date Outstanding Shares Number

January 1, Beginning 461,000

February 1 Issue of new 124,000

March 1 Stock dividend 58,500 (10% of 461,000 + 124,000)

May 1 Treasury stock -104,000

June 1 Issue 3-for-1 split 1,618,500 (539,500 x 3)

October 1 Reissue of Treasury Stock 61,000

Dec. 31 Total Outstanding shares 2,219,000

b) The months remaining to the end of the year are used to assign weights to the shares.

Answer from: Quest

cognitive overload: having a lot on your mind impairs decision-making and tends to result in the simplest, but not necessarily best, option being selected.

empathy gaps: overlooking how you might feel in a different situation can result in unnecessary purchases, such as overbuying when shopping for food on an empty stomach.

optimism and overconfidence: wearing rose-tinted glasses and having unrealistic expectations about the future can affect money management and leave you unprepared for a change in circumstance.

instant gratification: seeking instant gratification drives impulsive spending and can undermine long-term planning and savings.

harmful habits: automatic or mindless behaviour can amplify a poor financial decision as it becomes a recurring event.

social norms: we are heavily influenced by the actions of others; while this can be in certain circumstances, it also contributes to the pressure to keep up with the joneses through conspicuous consumption.

Answer from: Quest

My first question is what benefits do you expect to achieve from career exploration? the benefits that i expect to achieve from career exploration. for me i think the benefits of exploring many different careers are that you get exposed to more, so it's easier for you to pick which one you like best. another benefit is that you get a more first hand view of what jobs are more likely to be needed in the future and that can be factored into your consideration. my second question is what do you expect to be the most challenging parts of your career planning process? why? the most challenging parts of my career planning process is trying to get things in order and trying to write this paragraph it is confusing and, hard work. and last but not least my third question is i think the most challenging part is taking the first step and really deciding on a career you want to pursue; there are so many options and it can be hard to choose.which jobs will allow me to make a living? ; what skills does emergency medical technician emergency medical services medical » physiology require?

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On January 1, 2021, Marigold Corp. had 461,000 shares of common stock outstanding. During 2021, it h...