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Eduardwww [97]
3 years ago
12

Santana Corporation has 400,000 shares of common stock outstanding throughout 2021. In addition, the corporation has 5,000, 20-y

ear, 9% bonds issued at par in 2019. Each $1,000 bond is convertible into 20 shares of common stock after 9/23/22. During the year 2021, the corporation earned $900,000 after deducting all expenses. The tax rate was 30%.
Business
1 answer:
liraira [26]3 years ago
8 0

Answer:

Required: Compute the Basic  and Diluted Earning per share for 2021

Explanation:

The answer are attached for easy understanding

Download xlsx
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Speechmaking is a form of power and therefore carries with it heavy ________ responsibilities.
mixer [17]
<span>Speechmaking denotes the act of making a speech or speeches. It is a formal speaking, </span><span>
Speechmaking is a form of power and therefore carries with it heavy ethical responsibilities.</span>. Some of the guidelines for ethical speechmaking are: the gals of the speech should sound ethically Sound, the speaker should be f<span>ully prepared for each speech and be honest in what he/she says. 
Very important abusive language must be avoided.

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8 0
3 years ago
Durable goods are: a. consumers' goods b. raw materials combined to produce consumer goods c. those that must be replaced after
Leokris [45]

Answer:

d. those that may be stored and repaired

Explanation:

Durable goods are those goods that are stored and repaired. It is to be considered for the long-lasting so it can be stored. Also it can be repaired when they wear out

For example: mobile phone, table, chair, toys, etc

Therefore as per the given situation, the option d is correct

And, the remaining options are to be considered

3 0
3 years ago
Which of the following is NOT a useful strategy when making an informed purchase?
kkurt [141]
The answer is 4, purchase a product based on a social media influencer.

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4 0
3 years ago
Luke is an ordained minister. Luke's salary from his employing church last year was $31,000. The church did not designate any of
nirvana33 [79]

Answer

$31,000

Explanation:

(c) $31,000

Explanation:

As per IRS for Earnings of Clergy, A licensed, commissioned, or ordained minister who performs ministerial services as an employee may be able to exclude from gross income the fair rental value of a home provided as part of compensation (a parsonage) or a housing allowance provided as compensation if it is used to rent or otherwise provide a home. In order to be able to exclude the housing allowance from income, the minister's employing organization must officially designate the housing allowance as such before paying it to the minister.The fair rental value of a parsonage or the housing allowance is excludable only for income tax purposes, and not for Self-employment tax purpose.

In the given case, the church did not designate any of Luke's salaries as a housing allowance. Hence it is not deductible from Gross Income for Income Tax Purposes and irrespective of designation or not, it is not deductible for self-employment tax.

Thus, Full salary of Luke i.e $31,000 must be included when figuring net income for self-employment tax.

7 0
3 years ago
Fred promises barney $25,000 to not open his proposed business in the same city. they sign a contract stating that fred promises
Vlad1618 [11]
Fred will either have to pay more than he proposed or Barney would be able to open his business in the same city
7 0
3 years ago
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