Blue Cab Company had 69,000 shares of common stock outstanding on January 1, 2021. On April 1, 2021, the company issued 39,000 shares of common stock. The company had outstanding fully vested incentive stock options for 14,500 shares exercisable at $11 that had not been exercised by its executives. The end-of-year market price of common stock was $32 while the average price for the year was $31. The company reported net income in the amount of $364,915 for 2021. What is the diluted earnings per share (rounded)

$3.38

Explanation:

The diluted earnings per share is calculated as;

First, we need to calculate the weighted average outstanding shares.

Weighted average outstanding share is

= Common shares + (Issued shares × 9/12[April - December] + [(Issued shares - Shares exercisable)

= 69,000 shares + (39,000 shares × 9/12) + ( 14,750* - 5,145*)

= 69,000 + 29,250 + 9,605

= 107,855

Therefore, the diluted earnings per share is;

= Net income / Weighted average outstanding shares

= $364,915 / 107,855

= $3.38

Note : (14,500 shares × 11) / 31

= 5,145

the most important factor in the

work process or industry is to retain the interest of the employee. and to

retain them, their salary or profit must be adjusted to the best value. unless

the employee does not do his job properly, employees must receive bonuses or

benefits to ensure them to stay in the company. it will actually make them stay

longer, make them feel important and reduce costs for hiring new employees.

explanation:

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