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
Nostrana [21]
3 years ago
12

On January 2, 2018, Coronado Industries issued at par $2040000 of 5% convertible bonds. Each $1000 bond is convertible into 10 s

hares of common stock. No bonds were converted during 2018. Coronado had 194000 shares of common stock outstanding during 2018. Coronado's 2018 net income was $906000 and the income tax rate was 35%. Coronado's diluted earnings per share for 2018 would be (rounded to the nearest penny): $5.18 $4.90 $4.67 $4.53
Business
1 answer:
Mila [183]3 years ago
6 0

Answer:

Coronado's diluted earnings per share would be 4.53

Explanation:

Net interest savings = (2040000*5%)*(1-0.35)= $66,300      

Weighted average common stock outstanding=194000+(2040000/1000*10)= 214,400

Coronado's  diluted earnings per share=(906,000+66,300)/214,400= $4.53

You might be interested in
The process of accomplishing the goals of an organization through the effective use of people and other resources is
Licemer1 [7]

Answer:

the process of accomplishing the goals of an organization through the effective use of people and other resources. involves analyzing information, setting goals, and making decisions about what needs to be done. ... determines to what extent the business is accomlishing the goals it set out to reach in the planning stage.

Explanation:

I've explained enough on top.

8 0
3 years ago
Give examples of three cash crops that were grown in latin america and explain why they were cash crops.
fgiga [73]
<span>Coffee/ sugar cane / bananas can grow on a small farm, lower startup costs and risks. Countries clear cut natural forests and wildlife to make room for these crops. without export, they cannot sustain the country.</span>
3 0
3 years ago
Pippin Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing o
Ede4ka [16]

Answer:

920 (Unfavorable)

Explanation:

Labor rate variance = Actual direct labor hours (Actual direct labor rate - Standard direct labor rate)

Labor rate variance = 2,300 * ($21.7 - $21.3)

Labor rate variance = 2,300 * 0.4

Labor rate variance = 920 (Unfavorable)

6 0
3 years ago
1. Pinahalagahan nang wasto at maayos ang mga produktong panunda
Ket [755]

Answer:

??? im confused what do you mean

Explanation:

???

7 0
3 years ago
What is the earliest and latest patent found on a spork design
bezimeni [28]

the earliest is the year the year 2018 and the first time one was invented was 1804! crazy huh it is really funny tho... hope this helps!


7 0
3 years ago
Other questions:
  • A high level of WIP can make a manufacturer vulnerable if the item’s shelf life expires before it is sold.
    14·1 answer
  • State 5 ways of observing and reporting crimes.
    8·1 answer
  • Data concerning three of the activity cost pools of Salcido LLC, a legal firm, have been provided below: Activity Cost Pool Tota
    7·1 answer
  • The way to do inventory on bottles of liquid is:​
    13·1 answer
  • Rhonda planned to open a pastry shop in a resort town on the east coast. As she pondered her organizational set-up, she decided
    13·1 answer
  • A certain delivery service offers both express and standard delivery. Seventy-five percent of parcels are sent by standard deliv
    9·1 answer
  • Clearwater Electronics is planning to open an office in Shanghai , China , and the HR department has been asked to benchmark the
    5·1 answer
  • What is the common of B2B and B2c
    8·1 answer
  • In the early days of selling, companies studied and wrote down the sales pitches of their most successful people, and created ca
    15·1 answer
  • Why did businesses enter the marketing economy
    9·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!