The Following Information Has Been Obtained from the Myers Corporation

question 14

Multiple Choice

The following information has been obtained from the Myers Corporation:
• 300,000 shares of common stock were outstanding on January 1,2015.
• 50,000 stock options were outstanding on January 1,2015;each option allows the holder to acquire one share of common stock for $20 per share.The average market price of the common stock during 2015 was $25 per share.
• 48,000 shares of common stock were issued on February 1,2015.
• 18,000 shares of common stock were purchased on August 1,2015.
What is the weighted average number of shares to be used in the calculation of diluted earnings per share for 2015?

• A)380,000
• B)326,500
• C)346,500
• D)386,500

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Definitions:

Sexual Harassment

Unwelcome sexual advances, requests for sexual favors, and other verbal or physical conduct of a sexual nature in a workplace or educational setting.

Age Discrimination

Unfair treatment of individuals because of their age, particularly in employment settings.

Win-Lose Conflict

A conflict resolution outcome where one party's gain is directly correlated to another's loss, often leading to a competitive or adversarial situation.

Sexual Harassment

Unwelcome or inappropriate sexual advances, requests for sexual favors, or other verbal or physical conduct of a sexual nature, in a workplace or other professional or social situations.