1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
OlgaM077 [116]
3 years ago
9

Swifty Corporation had 197000 shares of common stock, 19200 shares of convertible preferred stock, and $1503000 of 4% convertibl

e bonds outstanding during 2021. The preferred stock is convertible into 39900 shares of common stock. During 2021, Swifty paid dividends of $1.00 per share on the common stock and $3 per share on the preferred stock. Each $1,000 bond is convertible into 30 shares of common stock. The net income for 2021 was $597000 and the income tax rate was 30%.Diluted earnings per share for 2021 is
a. $2.22
b. $2.38
c. $2.62
d. $2.18
Business
1 answer:
kicyunya [14]3 years ago
8 0

Answer:

d. $2.18

Explanation:

The answer with detailed working is attached.

Download xlsx
You might be interested in
How can you get your money back if you send a p2p payment to the wrong person?.
gladu [14]

When a payment is sent to the wrong person using p2p, the money cannot be gotten back since it is equivalent to giving money to a wrong account. However, the person can lay a complaint to the customer service to take action.

<h3>What is P2P Payment?</h3>

P2P payment is a system of payment where money is sent to another member of the crypto community in exchange for a coin to be sent to the individual's wallet. It is equivalent to giving someone cash.

When a user mistakenly sends money to the wrong person, the money cannot be gotten back. But if the sender has the details of the wrong receiver, an appeal can be made for the money to be reversed. However, if this is not the case, then the money would have to be forfeited.  

Learn more about P2P Payment here:

brainly.com/question/25107350

7 0
2 years ago
A tax on imported goods is called…
frutty [35]
Tariff C
Taxes took the test before
5 0
3 years ago
Henry is an economist and wants to understand the relationship between inflation and consumer spending habits. For his research,
alexandr402 [8]

Answer:

2014 CPI= 101.5

2013 CPI= 100.8333333

2014 Inflation Rate= 0.66%

Explanation:

Consumer Price Index (CPI):

The index is calculated by taking the price of the basket in one year and dividing it by the price of the basket in another year. This ratio is then multiplied by 100.

Basket Price:

is the sum of the product of the quantitys and prices of the goods thata compose the basket for any given year.

Inflation Rate:

CPI (x+1) - CPI (x)

_____________

CPI (x)

5 0
3 years ago
A U.S.-based importer, Zarb Inc., makes a purchase of crystal glassware from a firm in Switzerland for 39,960 Swiss francs, or $
IRINA_888 [86]

Answer:

e. $638

Explanation:

payment to be made as per forward contract (IN $)

= 39960/ 1.682  

= $23757.43  

now the actual rate after 90 days is 1.638

payment at 1.638 rate = 39960/ 1.638

                                    = $24395.6  

loss by hedging = $24395.6 - $23757.43  

                           = $638.17

Therefore, The U.S. firm have saved or lost $638 in U.S. dollars by hedging its exchange rate exposure.

4 0
2 years ago
Whenever Don calls on potential pest control customers, he emphasizes the fact that, unlike the national franchise competitors,
Amiraneli [1.4K]

Answer:

positioning

Explanation:

Based on the information provided within the question it can be said that in this scenario Don is positioning his business relative to his competition. In the context of business, positioning refers to the actions taken by a business in order to for the business/brand to occupy a specific place in the minds of their customers, as well as setting them apart from the competition, so that those customers choose them instead of the competition.

7 0
3 years ago
Other questions:
  • What is an elevator pitch?
    13·1 answer
  • Which tax is paid to a third party?
    9·1 answer
  • What courses should high school students take if they are interested in radiology?
    14·1 answer
  • On January 1, 2016, Woodstock, Inc. purchased a machine costing $40,000. Woodstock also paid $1,000 for transportation and insta
    6·1 answer
  • Potter’s accountant believes the financial statements will be misleading if the probable loss contingency is not disclosed. How
    15·1 answer
  • Julie has just retired. Her company’s retirement program has two options as to how retirement benefits can be received. Under th
    12·1 answer
  • Describe an example of a task that it might make sense for a company to outsource.
    5·1 answer
  • The Beauty Beyond Words Salon uses an activity-based costing system in its beauty salon to determine the cost of services. The s
    8·1 answer
  • Normally dividend or /and capital gain is reason of investment. Why do you think stockholders of a firm that is performing very
    6·1 answer
  • What two accounting equalities must be maintained in transaction analysis?
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!