Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. ** *** *** zemi appliances, a publicly traded comp

** *** *** Zemi Appliances, a publicly traded company, had the following activity during 2020:...

80.2K

Verified Solution

Question

Accounting

image

** *** *** Zemi Appliances, a publicly traded company, had the following activity during 2020: (i) Revenues were $6,250,250 and expenses were $5,968,211. (ii) The Company's common stock was affected by the following activity: On January 1, common shares: 200,000 b. On April 30, purchased shares: 50,000 d. On October 31, issued shares of common stock 10,000 a. (iii) There were 20,000 call options at December 31, 2020. The options are exercisable at $30 and Zemi Appliances' average share price during the year was $40. (iv) Zemi Appliances has no preferred stock. 4. Compute Zemi Appliances' Diluted Earnings-Per-Share for 2020. (25 points)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

You have 100ml of 1.0M PIPES buffer at the pH = 5.76. The pKa for PIPES...

Chemistry
Q

While playing frisbee, you get it stuck 9 meters above you in a tree. You...

Physics
Q

Calculate the angular frequency of the system shown in figure Friction is absent everywhere and...

Physics
Q

For each function determine i the critical values ii the intervals of increasing or decreasing...

Calculus
Q

On January 1, 2020, Fisher Corporation purchased 40 percent (74,000 shares) of the common stock...

Accounting
Q

Co is consi selling excess equipment with a book value of $11,000 (original cost of...

Accounting
Q

Return to question ! Required information [The following information applies to the questions displayed...

Accounting
Q

Given the following information, answer the questions provided in the space below. 1. If target...

Accounting
Q

The rate or retum on CBO government bonde during the past year 6.000 The Inflation...

Accounting
Q

Gamer Inc. is considering a project that has the following cash flow cata: The Cfp...

Finance
Q

You own 250 shares of Dalton Resources' preferred stock, which currently sells for $38.50 per...

Finance
Q

Category Prior year Current year Accounts payable 41,400 45,000 Accounts receivablo 115,200 122,400 Acorus 16.200...

Finance