Digistore, Inc, had 400,000 shares of $20 par common stock and 40,000 shares of $100 par, 6% cumulative, convertible preferred stock outstanding for the entire year ended December 31 . 2014 . Each share of the preferred stock is convertible into 5 shares of common stock. Digistore's net income for 2014 was $1,680,000 . For the year ended December 31 . 2014, the diluted earnings per share is
a. $2.40.
b. $2.80.
c. $3.60.
d. $4.20.
B
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Breaking all the conventional norms, Selfridge opened his department store just off Oxford Street. The changes incorporated include all of the following except:
A) perfume and fragrance were moved to the front in order to avoid any horse dung odors. B) goods were put within reach of the customers. C) goods were kept behind counters and were available by asking store clerks. D) customers always came first. E) early bird specials were offered.
Describe three process controls that pertain to payroll application logic
The pharmaceuticals division of Omni Healthcare holds low market share in a high-growth market. In order to increase market share, managers would be most likely to decide which of the following?
A) hold the pharmaceuticals division's share B) implement a harvest strategy C) use money from a cash cow to promote the pharmaceuticals division D) divest the SBU E) diversify the pharmaceutical division
Describe what is meant by open-book management.
What will be an ideal response?