Turner Limited had 20,000 common shares on January 1, 2014. On April 1, 8,000 shares were repurchased. On August 31, 10,000 shares were issued.

(a1) Calculate the number of shares outstanding at December 31, 2014.



is it 20,000-8000+10000=22000?


(a2) Calculate the weighted average number of shares for 2014.

please help with this one, I'm not sure and I can't find a formula to figure this out

(a2) Calculate the weighted average number of shares for 2014.

20000 shares * 3 = 60000
12000 shares * 5 = 60000
22000 shares * 4 = 88000
Total = 208000
Average 208000/12 = 17333