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
deff fn [24]
3 years ago
7

On January 2, 2021, Sunland Company issued at par $9900 of 5% bonds convertible in total into 1000 shares of Sunland's common st

ock. No bonds were converted during 2021. Throughout 2021, Sunland had 1000 shares of common stock outstanding. Sunland's 2021 net income was $4500, and its income tax rate is 25%. No potentially dilutive securities other than the convertible bonds were outstanding during 2021. Sunland's diluted earnings per share for 2021 would be (rounded to the nearest penny)
a. $4.87.
b. $2.25.
c. $2.44.
d. $2.55.

Business
1 answer:
sergeinik [125]3 years ago
4 0

Answer:

c. $2.44.

Explanation:

kindly check attachment for the step by step solution of the given problem.

You might be interested in
Crystal Lodging recorded $330,000 in revenues, $247,500 in expenses, and $45,000 of dividends for the year. The company began th
Luda [366]

Answer:

Change in Assets is $127,500

Explanation:

The accounting equation for a corporation is:

Assets = Liabilities + Stockholders' Equity

⇒ Liabilities = Assets - Stockholders' Equity

= $285,000 - $130,500

= $154,500

At the end of years,

  • Liabilities amount = Liabilities in the beginning + Change in liabilities = $154,500+ $90,000 = $244,500
  • Stockholder's equity amount = Stockholder's equity + Change in stockholder's equity = $130,500 + $37,500 = $168,000

The assets at the end of year = $168,000 + $244,500 = $412,500

Change in Assets = $412,500 - $285,000 = $127,500

Shorter answer:

Change in Assets = Change in Liabilities + Change in Stockholders' Equity

= $90,000 + $37,500 = $127,500

8 0
4 years ago
Why might long-term interest rates go down at the same time that the federal reserve pushes short-term rates up?
mart [117]
<span>Because the federal reserve would want to discourage quick investments or want people to save more money right now. Long term rates would go down because these are well thought out infrastructure projects that are good for the long run.</span>
3 0
3 years ago
Which of the following statements is correct? Group of answer choices The normal balance of revenue is a debit. The normal balan
kaheart [24]

Answer:

The normal balance of liabilities is a credit.

Explanation:

In the double entry system one account must be debited in order for the other to be credited.

There are different balances for each account. For the accounts with normal credit balance a credit causes it to increase while a debit decreases it.

For accounts with negative balance a credit reduces its balance while a debit increases its balance.

- Asset: Debit

- Expense: Debit

- Dividends: Debit

- Liability: Credit

- Owner’s Equity: Credit

- Revenue: Credit

- Retained Earnings: Credit

Liabilities are debt owed by a business. When payment is given out to settle a debt (a debit) it reduces to amount a business owes.

If more loans are collected (a credit) the liability figure increases.

So liability has a normal credit balance

5 0
3 years ago
Liability of foreignness is the inherent disadvantage experienced by foreign firms in host countries because of their non-native
gizmo_the_mogwai [7]

Answer:

True

Explanation:

It is an inherent disadvantage that foreign firms experience in the host country because of non-native status. It is considered as liability of foreignness as foreign companies are well versed with the cultural difference, tax policies and people´s response to the product and services produced, therefore foreign companies need to invest resources to learn the technique of business in different country.

To have competitive advantage in the foreign market, the companies should have organized resources, cost to compete and capabilities to offset the liability of foreignness.

8 0
3 years ago
The demand curve for a monopoly is horizontal because the demand is perfectly elastic. upward sloping. vertical because the dema
timama [110]

Answer:

Downward sloping

Explanation:

According to the law of demand, this law states that there is a inverse relationship between the price of a commodity and the quantity demanded for a commodity. This indicates that as the price of the commodity increases then as a result the quantity demanded for that commodity decreases and as the price of the commodity decreases then as a result the quantity demanded for that commodity increases.

Monopoly refers to the market conditions in which there is only a single firm operating in a whole market.

Hence, due to this inverse relationship between the price and the quantity demanded, the demand curve for a monopoly firm is downward sloping.

4 0
3 years ago
Other questions:
  • A farmer sells $25,000 worth of apples to individuals who take them home to eat, $50,000 worth of apples to a company that uses
    6·1 answer
  • The NIPP Call to Action is meant to guide the collaborative efforts of the critical infrastructure community to advance security
    5·2 answers
  • The addition of acceptance criteria factors to the milestone schedule in a project charter helps the team understand who will ju
    11·1 answer
  • Claude purchased raw land three years ago for $1,500,000 to develop into lots and sell to individuals planning to buildtheir dre
    6·1 answer
  • Bill Buckely has​ split-limit 50​/100​/20 automobile liability insurance on his 2012 Subaru. Driving home from work in a​ snowst
    5·1 answer
  • Mention four things to consider before starting a business
    12·1 answer
  • If a firm with a positive net worth is operating its fixed assets at full capacity, if its dividend payout ratio is 100%, and if
    9·1 answer
  • The fund has not borrowed any funds, but its accrued management fee with the portfolio manager currently totals $25,000. There a
    6·1 answer
  • Gross domestic product (GDP) may be calculated as the sum of ______. Multiple choice question. exports and imports only consumer
    9·1 answer
  • When talking about saving money, Anthony ONeal says, "Start paying yourself and
    9·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!