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
Peter contracted with Abe to buy his motorcycle. Peter thought he had bought the 2011 motorcycle, but Abe had intended to sell h
Molodets [167]

Answer:

This is called a MUTUAL MISTAKE

6 0
4 years ago
Indicate which of the following statements is true. a. Public transportation may be covered by an employer-provided spending acc
lukranit [14]

Answer:

B.Dependent care plans can only be used to cover the costs of caring for a dependent child

Explanation:

Dependent Care  with the high cost of child care these days a  Dependent Care Account makes it easy to save on taxes.  

5 0
3 years ago
Acme Home Lending offers home equity loans up to 80% of the home value for its customers. If Sally Johnson has a home valued at
Ivenika [448]

Answer:

c) $110,000

Explanation:

The computation of the borrowing amount is shown below:

= Value of home × given percentage - current mortgage amount

= $200,000 × 80% - $50,000

= $160,000 - $50,000

= $110,000

For computing the accurate value, we have to deduct the current mortgage amount from the net value of home.

Since only 80% is related to the home value so we take only 80% and rest 20% would be ignored.

7 0
3 years ago
What are the 4 targeting strategies a company can use to select a target market? Explain each one.
Maslowich
Undifferentiated Marketing, Multi-Segment Targeting, Focus Targeting, and Customized Marketing.

Hope this helps!
5 0
3 years ago
Which of the following provisions of the Sarbanes-Oxley Act addresses the management assessment of internal controls?
Ainat [17]

Answer:

b. codes of ethics for senior financial officers.

Explanation:

according to the Sarbanes-Oxley act:

- The company should be having an expert who is responsible for the auditing andd the company should name the expert and if they are not having the expert they should give a reason.

- A comapny should have a code andd ethics and it should also be applied to the seniors.

4 0
3 years ago
Other questions:
  • Assume the MPC is 0.8. Assuming only the multiplier effect matters, a decrease in government purchases of $100 billion will shif
    11·1 answer
  • If the employees of San Simeon Company successfully borrowed a large sum of money and purchased the firm from its current owners
    8·1 answer
  • When a manager develops a cost of capital for a specific project based on the cost of capitalfor another firm which has a simila
    15·1 answer
  • The law creates the foundation for ethical behavior.<br><br><br> True<br><br><br> False
    7·1 answer
  • The effort used to coordinate the factors of production is a description of:_______
    10·1 answer
  • When interest rates fall a. firms want to borrow more for new plants and equipment and households want to borrow less for homebu
    12·1 answer
  • On Tuesday March 31, 20X1 the Bravo Company had accrued wages of $1,000. Friday, April 3, Bravo paid employee wages of $2,500 fo
    6·1 answer
  • using the aging of accounts receivable, Age Old, Inc. estimates that $90000 of its 4000000 of accounts receivable will be uncoll
    12·1 answer
  • Bubba is a shrimp fisherman who could earn $5,000 as a fishing tour guide. Instead, he is a full-time shrimp fisherman. In calcu
    12·1 answer
  • The beginning inventory at Midnight Supplies and data on purchases and sales for a three-month period ending March 31, are as fo
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!