Generally, the trend in modern court cases is that anyone who is injured by a defective product may sue
Indicate whether the statement is true or false
T
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The following information has been provided to you by the Smith Corporation for the year ending December 31, 2018:The numerator used in the calculation of basic earnings per share was $797,000. Cash dividends were paid to the common shareholders. 8% convertible bonds with a par value of $1,000,000 were issued on July 1, 2018. The corporation's marginal income tax rate is 40%. 6% convertible preferred stock with a par value of $800,000 were outstanding during the entire year. Assuming that both the bonds and preferred stock are dilutive, what is the numerator that should be used in the calculation of diluted earnings per share?
A. $773,000 B. $821,000 C. $893,000 D. $869,000
________ refers to the position of one individual relative to others
A) Cognitive age B) Affluence C) Life stage D) Status E) Role
The last step of the decision-making process is to:
A) develop a model. B) evaluate each alternative. C) select the best alternative. D) implement the decision. E) check the decision with senior management.
Product U23N has been considered a drag on profits at Jinkerson Corporation for some time and management is considering discontinuing the product altogether. Data from the company's budget for the upcoming year appear below:Sales$730,000Variable expenses$350,000Fixed manufacturing expenses$234,000Fixed selling and administrative expenses$161,000In the company's accounting system all fixed expenses of the company are fully allocated to products. Further investigation has revealed that $144,000 of the fixed manufacturing expenses and $93,000 of the fixed selling and administrative expenses are avoidable if product U23N is discontinued. The financial advantage (disadvantage) for the company of eliminating this product for the upcoming year would be:
A. ($15,000) B. $143,000 C. $15,000 D. ($143,000)