One study of businesses maintains that many businesses are __________ flextime, job sharing, and paid family leave.

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

When John first starts his job, he rides the bus wherever he goes. However, after one year, John receives a promotion and a pay

bulgar [2K]

Answer:

An inferior good

Explanation:

An inferior good is a good whose demand decreases with consumer's increase in income. John's increase in pay, that came with his promotion, triggered John to switch to driving everywhere he goes instead of riding the bus. This is because John feels that riding the bus is no longer fit for him, now that he could readily afford driving around in the stead of taking the cheaper bus ride.

5 0

2 years ago

Bob is a summer intern in an office. His boss asks him to organize a storage room filled with old contracts that must be held fo

Nutka1998 [239]

Answer:

The correct answer is (d) email.

Explanation:

Email is a form of written communication between people through digital tools. Also called email or e-mail (for its meaning in English electronic mail), it is one of the most popular means of digital communication and can be used by anyone who has access to the internet.

In this case, Bob must use a means of communication that ensures that he will not interrupt his boss's meeting. In addition, it is practical because an immediate response can be given without having to pass authority filters.

4 0

3 years ago

All of the following are examples of assets except?

jarptica [38.1K]

D) an employees car used for deliveries

5 0

3 years ago

A bank has $10,000 in excess reserves and the required reserve ratio is 20 percent. This means the bank could have __________ in

Sergeu [11.5K]

Answer: $100,000; $30,000

Explanation:

The reserve rate is the amount of money that is made compulsory by the central bank of a country to the commercial banks to keep with them. It is a way of controlling the money in circulation.

A bank has $10,000 in excess reserves and the required reserve ratio is 20 percent. This means the bank could have $100,000 in checkable deposit liabilities and $30,000 in total reserves.

Since deposit is $100,000 and reserved rate is 20%, this will give an amount of: 20% × $100,000 = $20,000. Adding the $10,000 excess reserve will make $30,000 to which is the total reserve

6 0

2 years ago