During 2016, Penny Co had net income of $200,000 including after-tax interest expense of $30,000 on convertible bonds. The $300,000 face value of convertible bonds can be converted into common stock at the rate of 300 shares per $1,000 bond. Prior to the conversion, there were 400,000 shares of common stock outstanding. What is the amount of fully diluted earnings per share?
A) $0.500
B) $0.469
C) $0.408
D) not determinable because the bonds are not dilutive
B
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Henry Jones contributed equipment, inventory, and $44,000 cash to the partnership. The equipment had a book value of $35,000 and market value of $28,000 . The inventory had a book value of $25,000, but only had a market value of $12,000 due to obsolescence. The partnership also assumed a $15,000 note payable owed by Henry that was originally used to purchase the equipment. What amount should be
recorded to Henry's capital account? a. $104,000 b. $89,000 c. $69,000 d. $84,000
Anyone can file a complaint to the FTC concerning what he or she deems to be a deceptive or misleading advertising or marketing practice
Indicate whether the statement is true or false
Balancing service with the courage to challenge can be difficult sometimes. Skills that can help with this balance are ______.
a. conformity and delegation b. independent and critical thinking c. critical thinking and engagement d. emotional intelligence and political savvy
______ are often referred to as working drawings.
A. Assembly charts B. Assembly drawings C. Job floor drawings D. Process maps