Golden Corp. has been operating successfully for the past fifteen years. However, during recent years, its...

 

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Golden Corp. has been operating successfully for the past fifteen years. However, during recent years, its common shares outstanding changed as shown below. The corporation uses the calendar year as its fiscal year. Shares outstanding, Jan 1 Shares sold, Apr 2017 25% stock dividend, Jul 1, 2018 2-for-1 stock split, Jul 1, 2019 Shares sold, Oct 1, 2019 Shares outstanding, Dec 31 Net Income 2019 300,000 300,000 100,000 700,000 $ 750,000 2018 240,000 60,000 300,000 660,000 2017 200,000 40,000 240,000 598,000 Required: 1. Calculate the weighted average number of shares outstanding for each year. 2. Assuming there were no preferred shares outstanding, calculate EPS for each year Golden Corp. has been operating successfully for the past fifteen years. However, during recent years, its common shares outstanding changed as shown below. The corporation uses the calendar year as its fiscal year. Shares outstanding, Jan 1 Shares sold, Apr 2017 25% stock dividend, Jul 1, 2018 2-for-1 stock split, Jul 1, 2019 Shares sold, Oct 1, 2019 Shares outstanding, Dec 31 Net Income 2019 300,000 300,000 100,000 700,000 $ 750,000 2018 240,000 60,000 300,000 660,000 2017 200,000 40,000 240,000 598,000 Required: 1. Calculate the weighted average number of shares outstanding for each year. 2. Assuming there were no preferred shares outstanding, calculate EPS for each year

Answer rating: 100% (QA)

A To draw the Operating Characteristic OC curve we need to calculate the probability of acceptance Pa for different levels of nonconforming items in the lot The formula to calculate Pa is given by Pa ... View the full answer