Kevin’s bacon company inc. has earnings of $7 million with 2,200,000 shares outstanding before a public distribution. six hundred thousand shares will be included in the sale, of which 500,000 are new corporate shares, and 100,000 are shares currently owned by ann fry, the founder and ceo. the 100,000 shares that ann is selling are referred to as a secondary offering and all proceeds will go to her. the net price from the offering will be $22.50 and the corporate proceeds are expected to produce $2.2 million in corporate earnings. a. what were the corporation’s earnings per share before the offering? (do not round intermediate calculations and round your answer to 2 decimal places.) b. what are the corporation’s earnings per share expected to be after the offering? (do not round intermediate calculations and round your answer to 2 decimal places.)

Last week paul, ceo of quality furniture in south carolina, traveled to europe to visit customers. while overseas, paul checked his e-mail daily and showed his company's website to customers, explaining how the website will them place orders and receive merchandise more quickly. after visiting the last customer friday morning, paul was able to return to the corporate office in south carolina to meet with his board of directors that night. is the "shrinking" of time and space with air travel and electronic media.

The struter partnership has total partners’ equity of $510,000, which is made up of main, capital, $400,000, and frist, capital, $110,000. the partners share net income and loss in a ratio of 80% to main and 20% to frist. on november 1, adison is admitted to the partnership and given a 15% interest in equity and a 15% share in any income and loss. prepare journal entries to record the admission of adison for a 15% interest in the equity and a 15% share in any income and loss under the following independent assumptions. (1) record the admission of adison with an investment of $90,000 for a 15% interest in the equity and a 15% share in any income and loss. (2) record the admission of adison with an investment of $120,000 for a 15% interest in the equity and a 15% share in any income and loss. (3) record the admission of adison with an investment of $80,000 for a 15% interest in the equity and a 15% share in any income and loss.

Suppose that in an economy the structural unemployment rate is 2.2 percent, the natural unemployment rate is 5.3 percent, and the cyclical unemployment rate is 2 percent. the frictional unemployment rate is percent and the actual unemployment rate (in this economy) is percent.