On december 31, 2020, merlin company had outstanding 400,000 shares of common stock and 40,000 shares of 8% cumulative preferred stock (par $10). on february 28, 2021, the preferred stock was convertible into 30,000 shares of common stock. merlin issued an additional 36,000 shares of common stock. a 10% stock dividend was declared and distributed on july 1, 2021. on september 1, 2021, 9,000 shares were retired. at year-end, there were fully vested incentive stock options outstanding for 30,000 shares of common stock (adjusted for the stock dividend). the exercise price was $18. the market price of the common stock averaged $20 during the year. also outstanding were $1,000,000 face amount of 10% convertible bonds issued in 2018 and convertible into 50,000 common shares (adjusted for the stock dividend). net income was $900,000. the tax rate for the year was 25%.
The first main phase of the 'Great Unrest' began with the rapid escalation of discontent in the South Wales oalfields. In this area wages were fixed not by individual or collective bargaining but by the price of coal. ... Discontent also simmered around the issue of 'small coal'.
One major accomplishment would be making my own car brand that runs on solar electricity and no fossil fuels and because of that it would reduce the amount of carbon dioxide in the atmosphere and the small step would be figuring out how to implement this too all cars so that this idea could be used at maximum efficency.
