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Kay [80]
2 years ago
14

On January 2, 2021, Coronado Industries issued at par $298000 of 7% convertible bonds. Each $1,000 bond is convertible into 60 s

hares. No bonds were converted during 2021. Coronado had 106000 shares of common stock outstanding during 2021. Coronado's 2021 net income was $168000 and the income tax rate was 25%. Coronado's diluted earnings per share for 2021 would be:________ (rounded to the nearest penny)a. $5.18 b. $4.90 c. $4.67 d. $4.53
Business
1 answer:
Sliva [168]2 years ago
7 0

Answer: $1.48

Explanation:

Coronado's diluted earnings per share for 2021 would be calculated thus:

Net interest savings = ($298000 × 7%) × (1 - 25%)

= ($298000 × 0.07) × 75%

= $15645

Weighted average common stock outstanding will be:

= 106000 + (298000/1000 × 60)

= 106000 + 17880

= 123880

Therefore, Coronado's diluted earnings per share will be:

= ($168000 + $15645) / 123880.

= $183645/123880

= $1.48

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Kruka [31]

Answer:

B) always downward sloping.

Explanation:

The demand curve for normal goods is always downward sloping because of a combination of three factors:

  1. the purchasing power of the customers decrease and if the price of a product increases, consumers will be able to buy less even if they don't want to
  2. consumer surplus decreases since the difference between how much a consumer is wiling to pay for the good and its actual price decreases or even becomes negative, so they will not be willing to purchase it
  3. as the price of normal goods increases, consumers will tend to increase the quantity demanded for substitute products

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2 years ago
Mrs. Park is an elderly retiree. Mrs. Park has a low fixed income. What could you tell Mrs. Park that might be of assistance
natali 33 [55]

Answer: Reach out to her Medicaid for their programs

Explanation:

There are programs that are set up to assist retiree's. Mrs Park should reach out to her state Medicaid agency and enquire if she is qualified for the programs they run which would assist her income.

4 0
2 years ago
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Thirst, a beverage manufacturer, markets its products using the same strategy worldwide. However, the ethnicity contained in the
Umnica [9.8K]

Answer:

Glocalisation

Explanation:

Thirst, a beverage manufacturer is involved in glocalisation by marketing its products using the same strategy globally. However, the ethnicity contained in their ads and the music used in jingles change according to the place. This is to say that they make use of ads which is particular to a specific location taking their culture and language into consideration.

The term "glocalization" was coined by sociologist Roland Robertson in the Harvard Business Review, in 1980.

Glocalization is a combination of the words "globalization" and "localization".

Glocalization is used to describe the ability of a product or service that is developed and distributed worldwide to adjust and accommodate the consumer in a local market.

Consumers in the local market have different taste and preference. Glocalisation is the ability of a product sold globally to fit into the local market at different places. It is an expensive process but firms usually make more benefits from practicing glocalisation.

3 0
3 years ago
Using the AS-AD and IS-LM models, show the effects of an increase in consumer confidence on the position of the AD, AS, IS, and
lora16 [44]

Answer: hello your question has some missing information below is the missing information

Suppose the economy begins with output equal to its natural level. Then there is an increase in consumer confidence and households attempt to consume more for a given level of disposable income.

answer :

Attached below

Explanation:

IS-LM modeling curves intersects and it also defines the value of r and Y where r ( rate of interest )  Y( output level )

The AS-AD modeling is in equilibrium where aggregate demand curve and short run and long run aggregate supply curves intersects each other defining P and Y

p ( price level ) , Y ( output level )

<em>Note : Increase in aggregate demand shifts IS outward , raises interest rate and output level</em>

6 0
3 years ago
north company budgets overhead costs for the next year of $5,240,000 for indirect labor and $550,000 for factory utilities. the
grin007 [14]

The company's plantwide overhead rate is calculated to be $38.60 per machine hour.

The company's plantwide overhead rate can be calculated by dividing the sum of overhead costs of indirect labor and factory utilities by the total machine hours planned for the next year. As the overhead cost of indirect labor is $5,240,000 and the overhead cost of factory utilities is $550,000; the plantwide overhead rate can be calculated as follows;

plantwide overhead rate = (overhead cost of indirect labor + overhead cost of factory utilities) ÷ machine hours

plantwide overhead rate = $5,240,000 + $550,000 ÷ 150,000

plantwide overhead rate = 5,790,000 ÷ 150,000

plantwide overhead rate = 38.60

Therefore, the plantwide overhead rate is calculated to be $38.60 per machine hour.

To learn more about overhead rate, click here:

brainly.com/question/24130597

#SPJ4

8 0
1 year ago
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