What is the weighted-average number of shares outstanding

Assignment Help Financial Accounting

Reference no: EM131268156

On January 1, 2015, Gridley Corporation had 250,000 shares of its $2 par value common stock outstanding. On March 1, Gridley sold an additional 500,000 shares on the open market at $20 per share. Gridley issued a 20% stock dividend on May 1. On August 1, Gridley purchased 280,000 shares and immediately retired the stock. On November 1, 400,000 shares were sold for $25 per share. What is the weighted-average number of shares outstanding for 2015? (Please provide detailed calculations and details as to where the numbers came from)

Reference no: EM131268156

Questions Cloud

What is the primary reason for treaties between countries : What is the primary reason for treaties between countries? Democratic systems in which executives and legislatures are elected in separate elections for fixed terms of office are known as

How would you define leadership : How would you define leadership? As a leader, what do you do when people on your team aren't pulling their weight? What is one of the greatest leadership challenges you have ever faced? What did you do? What was the result?

What tool might an organization use to help identify barrier : What tools might an organization use to help identify barriers? Identify at least three barriers that impede an organization's ability to adopt innovative practices and processes.

What additional risk factors are you adding to your matrix : Create a separate new matrix that summarizes the additional risk factors for this firm launching a management consultancy or legal services line. What additional risk factors are you adding to your matrix?

What is the weighted-average number of shares outstanding : On January 1, 2015, Gridley Corporation had 250,000 shares of its $2 par value common stock outstanding. On March 1, Gridley sold an additional 500,000 shares on the open market at $20 per share. What is the weighted-average number of shares outstand..

What is the expected change in operating income next year : Cordell, Inc. has an operating leverage of 3. Sales are expected to increase by 9% next year. What is the expected change in operating income next year?

Review the skills exhibited by an effective manager : Review the "Skills Exhibited by an Effective Manager" (Table 1-2 in Organizational Behavior). Identify your particular areas of strength and discuss opportunities for your own development as a manager.

Single direct-cost category-single indirect-cost category : Be Safe, Inc. manufactures car seats in its Dallas plant. Each car seat passes through the Assembly Dept and the Testing Dept. This problem focuses on the Assembly Dept. the process-costing system at Be Safe, Inc. has a single direct-cost category (d..

Describe the levels of uncertainty and complexity : Write a four to five (4-5) page paper in which you: Summarize the selected project and describe the primary failures of traditional project risk management. Describe the levels of uncertainty and complexity for the project

User Account

All Pages