9. Objective of IS security is to ensure

The Government in Sunshine Act requires agency business meetings to be open to the public even if the agency is headed by a non-

artcher [175]

Answer:

False

Explanation:

Sunshine Act requires a collegial body to head a meet with a quorum present. The meeting must have been announced some time before it is held unless it is an urgent meeting.

4 0

3 years ago

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On january 1, 2017, fishbone corporation sold a building that cost $250,000 and that had accumulated depreciation of $100,000 on

polet [3.4K]

I am quite having trouble with this one too!

7 0

3 years ago

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On January 2, 2018, Bonita Industries issued at par $2020000 of 5% convertible bonds. Each $1000 bond is convertible into 10 sha

Kryger [21]

Answer:

Bonita’s diluted earnings per share for 2018 would be $3,80

Explanation:

Step 1 Calculate the Basic Earnings Per Share

Basic Earnings Per Share = Income Attributable to Common Stockholders / Weighted Average Number of Common Stocks

Income Attributable to Common Stockholders

Net income $902000

less Interest on bonds ($2020000×5%)×75% ($75,750)

Income Attributable to Common Stockholders $826,250

Basic Earnings Per Share =$826,250 / 197000

=$4,19

Step 1 Calculate the Diluted Earnings Per Share

Diluted Earnings Per Share =Adjusted Income Attributable to Common Stockholders / Adjusted Weighted Average Number of Common Stocks

Adjusted Income Attributable to Common Stockholders

Income Attributable to Common Stockholders $826,250

Add Interest on bonds ($2020000×5%)×75% ($75,750)

Income Attributable to Common Stockholders $826,250

Adjusted Weighted Average Number of Common Stocks

common stock outstanding 197000

add convertible bond ( $2020000/$1000×10 shares) 20200

Weighted Average Number of Common Stocks 217200

Diluted Earnings Per Share = $826,250/217200

= $3,80

6 0

3 years ago

Al Darby wants to withdraw $20900 (including principal) from an investment fund at the end of each year for five years. How shou

labwork [276]

Answer:

$20,900 times the present value of a 5-year, 11% ordinary annuity of 1’

Explanation:

For computing the required initial investment we considered the following information

Withdrawn amount = $20,900

Time period = 5 years

Rate of interest = 11%

in mathematically,

= Withdrawn amount × Present value of a 5-year, 11% ordinary annuity of 1’

By this formula we can get the required initial investment

4 0

3 years ago

Which of the following investments has a higher present value, assuming the same (strictly positive) interest rate applies to bo

Sholpan [36]

Answer:

B. Investment Y has a higher present value.

Explanation:

The cash inflows are given in the question for Investment X and Investment Y

Plus we know that the cash inflows and the number of years has an indirect relation

That means if the cash flows are the same for year 1 and 2 and in year 3 and year 4 so year 1 and year 2 present value would be higher as compared with the last year present value

Since in the question Investment Y has higher cash inflows in starting year but in Investment X has higher cash inflows in last year that interprets Investment Y has a higher present value

8 0

3 years ago