FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

11/14 11 2 points 0 At the beginning of 2018, Boom Inc. had 3000 shares of common stock outstanding. On October 1, Boom Inc. repurchased

image text in transcribed

11/14 11 2 points 0 At the beginning of 2018, Boom Inc. had 3000 shares of common stock outstanding. On October 1, Boom Inc. repurchased 372 shares for $60 per share. The average price of Boom Inc!s common stock in 2018 was $60 per share. The CEO held 50 stock options with a strike price of $50 per share, which were fully vested. Calculate diluted shares outstanding for 2018. Round to the nearest whole number. 2,915

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Impact Of Globalization On International Finance And Accounting

The Impact Of Globalization On International Finance And Accounting

Authors: David Procházka

1st Edition

3319687611, 9783319687612

More Books

Students also viewed these Accounting questions

Question

★★★★★
Given a choice, would you conduct a study using an observational study or a designed experiment? Why?

Answered: 1 week ago

Question

★★★★★
Why are cultural differences important for organizations competing globally? LO.1

Answered: 1 week ago

Question

★★★★★
1. Write the goals or objectives on the board, and discuss them with students before starting. Ask students to summarize or restate the goals.

Answered: 1 week ago

Question

★★★★★
Rayre Books uses the retail inventory method to estimate its monthly ending inventories. The following information is available for two of its departments at October 31, 2017. At December 31, Rayre...

Answered: 1 week ago

Question

★★★★★
The company interest rate (MARR) is 15%. The company will make a down payment of 25% of the first cost for the Pik-M-Up and 15% of the first cost for Carters. The loan will havr an annual effective...

Answered: 1 week ago

Question

★★★★★
Q1: Discuss any Five issues which Canadian Government is facing currently, and actions taken by the government followed by the impacts. . Q2: Discuss and compare the function and structure of Band...

Answered: 1 week ago

Question

★★★★★
A die is rolled and value is recorded. The table shows the results of 20 rolls. 1 5 5 2 5 1 5 65 2 LQ 5 LO 5 2462 6 33 5 2 2 (a) Complete the probability distribution table. X P(X) 1

Answered: 1 week ago

Question

★★★★★
Uncle Cosmo plans to build a factory. It will cost $ 1 , 0 0 0 , 0 0 0 . He expects the after - tax cash inflows to be $ 2 3 0 , 0 0 0 annually for 6 years, after which he plans to scrap the...

Answered: 1 week ago

Question

★★★★★
The amount of pollutants that are found in waterways near large cities is normally distributed with mean 9 ppm and standard deviation 1.3 ppm. 38 randomly selected large cities are studied. Round all...

Answered: 1 week ago

Question

★★★★★
Your faculty member will divide the class into teams. Each team will select a specific organization they will be developing the security program for a hospital, college, government building, or...

Answered: 1 week ago

Question

★★★★★
2. You are working for a glider manufacturer and have been asked to analyse the laminar boundary layer at a certain point on the smooth wing. The velocity profile at this point, u(y), is given by: u...

Answered: 1 week ago

Question

★★★★★
1. How have women traditionally been disenfranchised in the workplace?

Answered: 1 week ago

Question

★★★★★
2.7 Identify how privacy legislation impacts employees.

Answered: 1 week ago

Question

★★★★★
2. Do you think setting up an HR unit in the mainoffice would help? As a new member of the board of directors for a local bank, Jack Nelson was being introduced to all the employees in the home...

Answered: 1 week ago

Previous Question Next Question