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

Question

1 Approved Answer

At the beginning of the year, your firm had 18.7 million shares outstanding. On March 1, the firm repurchased 870 thousand shares. On September 1,

image text in transcribed

At the beginning of the year, your firm had 18.7 million shares outstanding. On March 1, the firm repurchased 870 thousand shares. On September 1, the firm bought back another 760 thousand shares. What is your firm's weighted average shares outstanding for the year? Answer to 2 decimal places

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

Chatgpt And Future Of Blockchain

Chatgpt And Future Of Blockchain

Authors: Richard Thumser

1st Edition

979-8370852664

More Books

Students also viewed these Finance questions

Question

★★★★★
What is a prisoner's dilemma game? Is the outcome of the game likely to be different in a repeated game? Briefly explain.

Answered: 1 week ago

Question

★★★★★
The www.ietf.org contains several images. Before retrieving each image, does your host issue a new DNS query? Why or why not?

Answered: 1 week ago

Question

★★★★★
What challenges does your fire and emergency services organization face regarding professional development of members?

Answered: 1 week ago

Question

★★★★★
Five Star Tools is a small family-owned firm that manufactures diamond-coated cutting tools (chisels and saws) used by jewelers. Production involves three major processes. First, steel blanks (tools...

Answered: 1 week ago

Question

★★★★★
At the beginning of the year, your firm had 18.7 million shares outstanding. On March 1, the firm repurchased 870 thousand shares. On September 1, the firm bought back another 760 thousand shares....

Answered: 1 week ago

Question

★★★★★
For Year 2016, Precision Masters had sales of $42.900, cost of goods sold of $26,800, depreciation expense of $1,900, interest expense of $1,300, and dividends paid of $1,000. At the beginning of the...

Answered: 1 week ago

Question

★★★★★
Activity 2 - De Leon, Prob 8, Chap 11 A company manufactures three products in a joint production process. The three products X, Y and Z. No by-product is produced in the process. Additional...

Answered: 1 week ago

Question

★★★★★
QUESTION 4 (25 MARKS) a. You have made your decision to choose UNISEL to further your study. Using your current experience of using UNISEL service, interpret how the tri- component attitude model...

Answered: 1 week ago

Question

★★★★★
Hugh Payne operates a fishing resort in Nome Alaska. Depreciation on the resort buildings is $6,000 per year. Real estate taxes are $8,000 per year. General property insurance is $9,000 per year....

Answered: 1 week ago

Question

★★★★★
An indoor air conditioning unit has a lifetime that is exponentially distributed with the mean of 730 days. When such air conditioning unit stops functioning, it is replaced immediately. a. What is...

Answered: 1 week ago

Question

★★★★★
Weighted average accumulated expenditures are $1,200,000 on a project for which work steadily progressed during the current year. The following debt was outstanding during the current year....

Answered: 1 week ago

Previous Question Next Question