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
slavikrds [6]
2 years ago
5

g On January 2, 2019, Shank Co. issued at par $300,000 of 9% convertible bonds. Each $1,000 bond is convertible into 60 shares.

No bonds were converted during 2019. Shank had 100,000 shares of common stock outstanding during 2019. Shank 's 2019 net income was $340,000 and the income tax rate was 30%. Shank's diluted earnings per share for 2019 would be (rounded to the nearest penny) Group of answer choices $3.04. $2.19. $3.26. $3.40. $2.29
Business
1 answer:
Softa [21]2 years ago
4 0

Answer:

$1.89.

Explanation:

diluted earnings per share = earnings attributable to common stockholder ÷ weighted average number of common stock holders

                                            = $340,000 ÷ (100,000 + 18,000)

                                            = $1.89

Shank's diluted earnings per share for 2019 would be $1.89.

You might be interested in
In a production budget, if the number of units in finished goods inventory at the end of the period is less than the number of u
ivolga24 [154]

Answer: False

Explanation:

In a production budget, when the number of units in finished goods inventory at the end of the period is less than the number of units in the finished goods inventory at the beginning of the period, this simply means that the expected number of units sold is higher than the number of units that was produced for that particular period.

Fro example, let's assume that the beginning inventory is 20,000 and the units of goods produced is 25,000 while the units sold is 27,000. Then, the ending units will be:

= 20,000 + 25,000 - 27,000

= 18,000

As we can see from the example, the number of units in the finished goods inventory at the end of the period(18,000) is less than the number of units in the finished goods inventory at the beginning of the period(20,000), the expected number of units sold(27,000) is more or higher than the number of units to be produced(25,000) during the period.

8 0
3 years ago
The key to understanding the money creation process is the fact that:______.a. since the money supply excludes cash but includes
nataly862011 [7]

Answer:

c. whenever banks create financial assets for themselves, they create financial liabilities for individuals, and those financial liabilities are considered money

Explanation:

c. whenever banks create financial assets for themselves, they create financial liabilities for individuals, and those financial liabilities are considered money

3 0
4 years ago
Read 2 more answers
"Phillips and Sanchez is a retailer that operates a national chain of home furnishings stores. It has designed a website and a s
Annette [7]

Answer:

Omnichannel strategy

Explanation:

Omnichannel strategy -

It is the strategy adapted by an organisation in order to enhance the experience of the user .

It is a cross - channel content strategy .

The resources of these , Omnichannel strategy , are are orchestrated  and designed to cooperate .

This approach or strategy is used in many industries , like ,telecommunications ,  retail , government , healthcare and financial services .

Hence , the example given in the question , is of  a Omnichannel strategy .

7 0
3 years ago
Most of the property in command economies is owned by who​
ozzi

Answer:

In a command economy an authority such as the government, governmental agency, or central planners decide what to produce, how to produce and to whom goods and services will be allocated.

4 0
3 years ago
Workshape Manufacturing has two classes of distributors: JIT distributors and non-JIT distributors. The JIT distributor places s
yulyashka [42]

Answer:

d. $672.41 per service call

Explanation:

The computation of the activity rate for servicing goods is shown below:

= (Total servicing good cost) ÷ (Total service calls)

= $195,000 ÷ 290

= $672.41 per service call

The total service call would be

= JIT distributors + Non-JIT distributors

= 200 + 90

= 290

All other information which is given is not relevant. Hence, ignored it

6 0
3 years ago
Other questions:
  • Which is not a trade-off for students who spend a semester abroad? seeing friends from home daily eating all of their favorite f
    5·2 answers
  • True or false? conversion optimization is not an iterative process.
    7·2 answers
  • Explain how incentives and the limited role of government function in a free enterprise system.
    5·1 answer
  • Under the _____, employers can be liable for current pay differences that are a result of discrimination that occurred many year
    10·1 answer
  • The Whole Community approach refers to different organizations within the Federal Government.
    15·1 answer
  • ___ are a payment mechanism that are similar to regular bank checks but are transmitted electronically, with a signature in digi
    8·1 answer
  • Geithner LLC patented a process it developed in the current year. The patent is expected to create benefits for Geithner over a
    9·1 answer
  • Which of these rights is not considered a right of privacy?
    15·2 answers
  • According to the Marketing Concept, a. Companies produce only what customers want. b. A company should produce only basic produc
    9·1 answer
  • MedTech Corp. stock was $55.25 per share at the end of last year. Since then, it paid a $0.45 per share dividend. The stock pric
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!