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Assoli18 [71]
3 years ago
5

In the early 1900s, John D. Rockefeller bought out other companies or drove

Business
1 answer:
netineya [11]3 years ago
5 0
The answer is D to decrease competition
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A corporation issues $50 par convertible preferred stock, convertible at $20 per share, when the market price of the common is c
blagie [28]

Answer:

C) The conversion ratio is 2.5:1

Explanation:

The conversion ratio is:

Par Value / Conversion Price.

Hence,

$50 Par / $20 Conversion Price = 2:5:1

7 0
3 years ago
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Isaac Inc. began operations in January 2021. For some property sales, Isaac recognizes income in the period of sale for financia
Ivenika [448]

Answer:

$135million

Explanation:

The Deferred tax liability which isaac would report in its year-end 2021 balance sheet = Temporary difference for installment sales to be reversed in 2022, 2023, 2024 and 2025 * Tax rate

= ($120m + $120m + $150m + $150m) * 25%

= $540 million * 25%

= $135 million

7 0
3 years ago
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Which financial statement shows the calculation of a business's net profit by deducting the expenses from the revenue of an orga
MariettaO [177]

Why is there random characters in the sentences

8 0
3 years ago
Mark and Trina just got married. They both struggle to manage money and have decided to start taking more responsibility when it
Ksenya-84 [330]
I think the answer is C. :(
4 0
3 years ago
The income statement for the Carolina Service Company for the year ended December 31, 2017, appears below. Includes $25,000 of i
KATRIN_1 [288]

Answer:

Earning per share = 2.166

Price earning = 10.15

Times interest earned = 5.4

Explanation:

Common stock outstanding at end =  Shares outstanding  (open) +Shares issued.

                                         = 50000+10000= 60000 outstanding shares (at end)

a.)we know that earning per share =<u> net income - preference dividend</u>

                                                       Common shares outstanding at end

                                          =  ( N#1)    <u>135000  -      5000</u>

                                                                 60000

                                          =  2.166 earning per share

(N#1):To calculate net income we will need statement of changes in equity,Suppose par value of shares  = $10,

we have Beginning equity + net income - Dividend = Equity (end)

      Net Income = 600000+35000-500000

    Net income = 135000

b.) Price earning =  <u>Market value per share </u>  =   <u>22   </u>    =  10.15

                                Earning per share                2.166

c.) Times interest earned =<u> Income before interest and taxes</u> or EBIT

                                              Interest expense

  EBIT = 135000

                                  =     135000 /  25000  = 5.4 times

6 0
3 years ago
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