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
LiRa [457]
3 years ago
5

On January 2, 2018, Ava Co. issued at face value $119,600 of 7% bonds convertible in total into 13,686 shares of Ava's common st

ock. No bonds were converted during 2018. Throughout 2018, Ava had 10,000 shares of common stock outstanding. Ava's 2018 net income was $110,936. The income tax rate is 30%. No potential common shares other than the convertible bonds were outstanding during 2018. The numerator in the diluted earnings per share calculation for 2018 would be:
Business
1 answer:
IrinaVladis [17]3 years ago
6 0

Answer:

$116,796.4

Explanation:

The computation of the numerator in diluted earning per share is given below

As we know that

Diluted earning per share = Net income + ( interest expense × (1 - tax rate)) ÷ diluted potential common stock

Now the numerator is

= Net income + ( interest expense × (1 - tax rate))

= $110,936 + ($119,600 ×0.07 × (1 - 0.30))

= $110,936 + $5,860.4

= $116,796.4

You might be interested in
A company manufactures various-sized plastic bottles for its medicinal product. The manufacturing cost for small bottles is $50
Artyom0805 [142]

Answer:

a. $(8000)

b. Company should choose alternative 1 and make bottles.

Explanation:

Particulars               Make Bottles            Buy Bottles  Differential

                                Alternative 1             Alternative 2

Purchase Price                  0                       $37                               $(37)

Freight Charges                 0                       $4                                $(4)

Variable cost                    $33                                                          $33

Fixed Cost                        $17                     $17                                  0

Cost per unit                    $50                    $58                              $(8)

Income / (Loss)                 $50,000            $58,000                      $(8,000)

b. The company should choose alternative 1 and make bottles. The buying of bottles will cost company loss of $8,000.

7 0
3 years ago
Mackay gives a list of items (starting with "Two lasts of wheat, 448 florins") that were traded for one tulip root. He could hav
Oksana_A [137]

Answer:

For a better valuation of trade.

Explanation:

Mackay could have left out this list and simply said that the root cost 2500 florins. But he gave the list to have a better understanding of the valuation of trade. Now, the cost could have simply being layed out. But then this list helped helped to give a better perspective of the valuation of the bulb and also how it could be used to replace money

8 0
3 years ago
Countries with free market economies in which property rights are protected tend to have _____ than command economies or economi
FinnZ [79.3K]
<span>Countries with free market economies in which property rights are protected tend to have </span>greater economic growth rates <span>than command economies or economies where property rights are poorly protected.
</span><span>The reason is the lack of infrastructure and supporting business in primitive or undeveloped economies, which may lead to situation in which is more costly to do business.  </span>
4 0
3 years ago
2019 2018 2017 2016 2015 Sales $ 512,623 $ 332,872 $ 260,056 $ 191,218 $ 142,700 Cost of goods sold 253,785 164,657 130,427 95,5
Lelu [443]

Answer:

Please find the complete solution in the attached file.

Explanation:

4 0
2 years ago
What would you identify as key milestones
kicyunya [14]

Answer:

A milestone is a marker in a project that signifies a change or stage in development. Milestones are powerful components in project management because they show key events and map forward movement in your project plan. Milestones act as signposts through the course of your project, helping ensure you stay on track.

Explanation:

Hope this helps

-A Helping Friend (mark brainliest pls)

6 0
3 years ago
Other questions:
  • When was the Fair Labor Standards Act (FLSA) established?​
    8·1 answer
  • aka is considering sending a message regarding a raise but is concerned since the company is struggling financially. Taka has de
    11·2 answers
  • In the context of prototyping during the design phase of the systems development life cycle (sdlc), a _____ shows users how a pa
    9·1 answer
  • A _____ is a set of functions or activities within an organization that work together for the aim of the organization.
    8·1 answer
  • On April 1, Lewis Company paid $14,400 for two years of insurance in advance. Lewis Company recorded the transaction by debiting
    6·1 answer
  • The Pirates of Penzance Company delivers goods to various areas around the world. The company has a great reputation for being p
    14·1 answer
  • Classify the type of data analytics ​(descriptive, diagnostic,​ predictive, prescriptive, or adaptive and​ autonomous) being use
    12·1 answer
  • Jacob’s daily tips this work week were $99, $78, $58, $91, $90, and $68. Is Jacob correct in thinking that the median best repre
    6·1 answer
  • Calculate the simple interest and maturity vale. (do not round intermediate calculations. Round your answers to the nearest cent
    12·1 answer
  • If you need a mortgage for a home purchase, what should your first course of action be?
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!