Answer:
EPS is $2.8 per share
Diluted EPS is $2.4 per share
Explanation:
Basic Earning per share is calculated dividing Earning for the year excluding preferred dividend by weighted average number of shares.
Basic EPS = (Net Income - Preferred dividends) / Weighted Average numbers of share
Basic EPS = ($592,000 - ( 19,100 x $0.9 ) / 205,000 = $2.8 per share
Diluted earning per share is calculated by adjusting all the convertible share options or securities in the outstanding share.
Diluted EPS = (Net Income - Preferred dividends) / Diluted numbers of share
Diluted EPS = ($592,000 - $17,190) / ( 205,000 + 39,000 )
Diluted EPS = $2.4 per share
All the option given are inconsistent with data given.
Answer: D inventory conversion period
Explanation:
Inventory conversion period reports us about the average time to convert our total inventory into sales. It is relationship between total days in year and inventory turnover ratio. In other words, it measures the length of time on average between the acquisition and sale of merchandise.
Answer: The following statements is false: <u><em>Mutual aid and assistance arrangements and Memorandums of Understanding (MOUs) cannot be used for supplementing incident staff.</em></u>
The above statement is wrong since mutual aid, assistance arrangements and memorandums of understanding can be used for supplementing incident staff.
<u><em>Therefore, the correct option is (c).</em></u>
Answer: If the commercial is TRUE that every additional bite of food tastes as good as the first, the marginal utility from consuming more of the advertised product must be CONSTANT. Option D.
Explanation:
Marginal utility is the additional satisfaction an individual gets, from consuming an additional unit of a product or service.
Therefore, in the scenario given above, if every additional bite of food tastes as good as the first, then the additional satisfaction is just as good as the preceding satisfaction. We can therefore say that the marginal utility gotten from consuming that product is constant.
If the tax system in the US is progressive, then those with lower income will pay proportionally less than those with higher income as the latter will have a higher tax rate but in fact the rich people usually have or find a lot of tax loopholes to reduce their taxes so may still not be paying a fair share of their taxes compared to the poor people who don't have these loopholes.
