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1)Beta began operations on the first day of the year. On that day they issued 10,000...

1)Beta began operations on the first day of the year. On that day they issued 10,000 shares. On March 1 they issued 20,000 shares and on July 1, another 30,000 shares. On December 1, they repurchased 5,000 shares of outstanding shares. Compute the weighted-average shares of stock for the first year of operation.

2)Compute Beta’s basic EPS for the first year of operation if net income was $60,000.

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