The following information relates to the Tykex Company for 2014: Net income, $50,000 Common stock, shares outstanding on January 1 . 30,000 June 30, 2014, issued 2,000 shares of 8% cumulative convertible preferred stock, $100 par value, each share convertible into 1 . shares of common stock. September 30, 2014, issued a 40% stock dividend. What is diluted earnings per share?
a. $1.00
b. $0.89
c. $0.81
d. $0.76
B
You might also like to view...
Education, past successes and research are all examples of what credibility building characteristic?
A) Objectivity B) Sincerity C) Endorsements D) Professionalism E) Credentials, knowledge, and expertise
Parameter design focuses on ______.
A. determining the optimal design of a product and the processes used to produce it so as to minimize variations B. ensuring that the process capability index is greater than 1.33 C. ensuring that the process capability index is less than 1.33 D. minimizing variations in raw materials
As projected net income increases the
a. degree of operating leverage declines. b. margin of safety stays constant. c. break-even point goes down. d. contribution margin ratio goes up.
Which of these statements about disaster relief supply chains is BEST?
A) Critical supplies are usually deployed the instant they are available in the disaster zone. B) Employee turnover in disaster relief is low since these individuals are dedicated to the cause. C) Most disaster relief supply chains exist for only short times. D) Supplies follow a pull flow initially but change to a push flow once demand is more predictable.