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blagie [28]
3 years ago
11

Garfun, Inc., owns all of the stock of Simon, Inc. For 2014, Garfun reports income (exclusive of any investment income) of $480,

000. Garfun has 80,000 shares of common stock outstanding. It also has 5,000 shares of preferred stock outstanding that pay a dividend of $15,000 per year. Simon reports net income of $290,000 for the period with 80,000 shares of common stock outstanding. Simon also has a liability for 10,000 of $100 bonds that pay annual interest of $8 per bond. Each of these bonds can be converted into three shares of common stock. Garfun owns none of these bonds. Assume a tax rate of 30 percent.What amount should Garfun report as diluted earnings per share? (Round your intermediate percentage value to the nearest whole number and the final answer to 2 decimal places.)

Business
1 answer:
Dovator [93]3 years ago
7 0

Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation  

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

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The accounts receivable aging report:
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Answer:

A. includes a chronological summary of all transactions posted to individual patient ledgers/accounts on a specific day

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2 years ago
When firms are said to be price takers, it implies that if a firm raises its price: a. buyers will go elsewhere. b. buyers will
MatroZZZ [7]

Answer:

The correct answer is a. buyers will go elsewhere.

Explanation:

This situation occurs when there is competition, that is, other businesses that offer the same or similar products as those of a particular company. In this scenario, the potential buyer will notice the difference according to their previous experiences and will find a way to acquire products from another brand that offer the same satisfaction as the product that rose in price. You must be very cautious with this practice, since it can end up damaging the operation, and in the worst case, leading to bankruptcy.

3 0
3 years ago
Two months ago, Air-tite Corporation purchased 4,500 pounds of Hydrol, paying $15,300. The demand for this product has been very
Anna007 [38]

Answer: The $4.05 market price

Explanation: Air-tite can buy or sell Hydrol at $4.05. If they decide to accept the order, there has to be a higher return on the use of Hydrol in the return than they would get from selling Hydrol as is.

There may also be an opportunity cost to using the product for this special order if there is an order that would yield higher returns for the use of Hydrol.

The quantity that would remain after making the special order does not have any impact on the decision making process, as they are considering just one order that requires Hydrol.

The purchase price is not relevant as they cannot purchase Hydrol at that price in the present. The total quantity is not relevant either as they have enough for the order.

3 0
3 years ago
self-organization versus hierarchical organization — a mathematical investigation of the anarchist philosophy of social organiza
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self-organization versus hierarchical organization — a mathematical investigation of the anarchist philosophy of social organization

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The process by which individuals organise their social relationships to bring about global order through their interactions with one another rather than through external intervention or teaching is referred to as self-organization. The nervous system exhibits many self-organizational characteristics since it is a very complex and dynamic system with several pieces interacting with one another. In this chapter, we will talk about three different types of brain self-organization: self-organization during development, self-organization as a result of experience, and self-organization as a result of damage. The development of the nervous system is affected by self-organization. Since it is difficult to explain how the nervous system, which is highly structured and complicated, can develop from a single fertilised egg, this is a crucial issue in our knowledge of the neurological system.

Learn more about self-organization here

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4 0
1 year ago
A service is any intangible offering that involves a deed is called
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Answer:

Service

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A service is any intangible offering that involves a deed, performance, or effort that cannot be physically possessed by the service takers.

4 0
3 years ago
Read 2 more answers
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