Micky and Donald Corp. was founded on January I,2013. At that time it issued 120,000 ordinary shares and 20,000,$30,cumulative 5% preferred shares. Subsequent transactions affecting its shareholdings follow.
2013
2014
Requirements:
a. What was Micky's weighted average number of ordinary shares outstanding in 2014?
b. What was Micky's basic BPS in 2014?
Definitions:
Average Total Costs
This term refers to the total costs (fixed plus variable) of production divided by the total quantity of output produced.
Marginal Costs
The cost incurred by producing one additional unit of a good or service, reflecting the change in total cost that comes from a change in quantity produced.
Marginal Cost
The financial increase associated with the generation of one more unit of a product or service.
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