Greenwell Coffee Company Began Operations on the First Day of the Year

question 101

Multiple Choice

Greenwell Coffee Company began operations on the first day of the year. On that day they issued 100,000 shares. On March 1 they issued 23,000 shares and on July 1, another 30,000 shares. On December 1, Greenwell repurchased 6,000 shares of outstanding shares. Compute the weighted-average shares of stock for the first year of operation. (Round your final answer to the nearest whole number.)

• A) 147,000
• B) 134,667
• C) 133,667
• D) 134,167

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Definitions:

Transportation Management

The planning, execution, and control of the movement of goods in order to efficiently meet customer requirements and company objectives.

Place Utilities

The value added to products by having them available at a location where customers want to purchase them.

Time Utilities

The value added to products or services by making them available at the most beneficial time.

Airfreight

The transportation of goods by aircraft, typically used for time-sensitive or high-value shipments.