On January 2, 2018, Coronado Industries issued at par $2040000 of 5% convertible bonds. Each $1000 bond is convertible into 10 shares 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
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “On January 2, 2018, Coronado Industries issued at par $2040000 of 5% convertible bonds. Each $1000 bond is convertible into 10 shares of ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
The business plan has two main purposes: Select one: a. it guarantees success and can be used to easily secure financing. b. provides a document customers can review; used as a production tool. c.
Answers (1)
According to the Securities and Exchange Commission (SEC), a person should be considered to be a temporary insider if that person conveys nonpublic information that was to have been kept confidential. This philosophy has become known as the a.
Answers (1)
Chad runs a coffee shop that has annual revenues of $300,000, supply costs of $60,000, and employee salaries of $60,000.
Answers (1)
Advertising objectives should Group of answer choices be specific, but not as specific as the objectives for the personal selling effort. be set by the specialists-the creative people at the advertising agency.
Answers (1)
A production possibilities frontier identifies the dollar cost of producing a good or service in an economy. True or False
Answers (1)
New Questions in Business
The structural support structure must lift the pipeline above the ground to allow free passage of wildlife under the pipeline. The loading on each truss support must be determined by calculating the weight of oil and of the pipe over each support.
Answers (1)
How is a gas different from a solid or a liquid? A. A gas is made of tiny particles. B. A gas has volume. C. A gas expands to fill the container. D. A gas has density. TY
Answers (1)
Property-tax revenues for the county were reported at $770,000 on its governmental funds statement, but property-tax revenues on the county's government-wide statement of activities were reported at $800,000. Why did this difference arise?
Answers (1)
At the beginning of the period, the Assembly Department budgeted direct labor of $110,000, direct materials of $170,000, and fixed factory overhead of $28,000 for 8,000 hours of production.
Answers (1)
Sunny Day Manufacturing Company has a current stock price of $33.35 per share, and is expected to pay a per-share dividend of $2.03 at the end of the year.
Answers (1)