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NEW QUESTION: 1
The following data pertains to the Sapphire Company:
Net income equals $15,000
*
5,000 shares of common stock issued on January 1st
*
10 percent stock dividend issued on June 1st
*
1000 shares of common stock were repurchased on July 1st
*
1000 shares of 10 percent, par $100 preferred stock each convertible into 8 shares of common
*
were outstanding the whole year.
What is the company's diluted earnings per share (EPS)?
A. $1.15.
B. $1.00.
C. $1.20.
Answer: B
Explanation:
Number of average common shares:
1 /1 5,500 shares issued (includes 10% stock dividend on 6/1) x 12 = 66,000 7/1 1,000 shares repurchased x6 months = -6,000 = 60,000 60,000 shares/12 months = 5,000 average shares Preferred dividends = ($10)($1000) = $10,000 Number of shares from the conversion of the preferred shares =
(1000 preferred shares)(8 shares of common/share of preferred) = 8000 common Diluted EPS =
[$15,000(NI) - $10,000(pfd) + $10,000(pfd)]/5000(common shares) + 8000(shares from the conv.
pfd.shares) = $15,000/13,000 shares = $1.15/share
This number needs to be compared to basic EPS to see if the preferred shares are antidilutive.
Basic EPS = [$15,000(NI) - $10,000(preferred dividends)]/5,000 shares = $5,000/5,000 shares = $1/share
Since the EPS after the conversion of the preferred shares is greater than before the conversion the preferred shares are antidilutive and they should not be treated as common in computing diluted EPS.
Therefore diluted EPS is the same as basic EPS or $1/share.

NEW QUESTION: 2
You are creating a North American reverse geocoding application by using the Microsoft
MapPoint Web Service. The application must convert the latitude and longitude coordinates of a point on the map into a string that contains the city, province/state, and country. You need to obtain the string in the following format: "city, province/state, country". Which code segment should you use?
A. GetInfoOptions getInfoOptions = new GetInfoOptions();
getInfoOptions.IncludeAddresses = true; getInfoOptions.IncludeAllEntityTypes = false; getInfoOptions.EntityTypesToReturn = new string[] { "AdminDivision1" }; Location[] locations = findService.GetLocationInfo(origin, "MapPoint.NA", getInfoOptions) string address = locations[0].Entity.DisplayName;
B. GetInfoOptions getInfoOptions = new GetInfoOptions();
getInfoOptions.IncludeAddresses = true; getInfoOptions.IncludeAllEntityTypes = true;
Location[] locations = findService.GetLocationInfo(origin, "MapPoint.NA", getInfoOptions) string address = locations[0].Entity.DisplayName;
C. GetInfoOptions getInfoOptions = new GetInfoOptions();
getInfoOptions.IncludeAddresses = false; getInfoOptions.IncludeAllEntityTypes = false; getInfoOptions.EntityTypesToReturn = new string[] { "PopulatedPlace" }; Location[] locations = findService.GetLocationInfo(origin, "MapPoint.NA", getInfoOptions); string address = locations[0].Entity.DisplayName;
D. GetInfoOptions getInfoOptions = new GetInfoOptions();
getInfoOptions.IncludeAddresses = true; getInfoOptions.IncludeAllEntityTypes = false; getInfoOptions.EntityTypesToReturn = new string[] { "PopulatedPlace" }; Location[] locations = findService.GetLocationInfo(origin, "MapPoint.NA", getInfoOptions); string address = locations[0].Entity.DisplayName;
Answer: C

NEW QUESTION: 3
A video engineer needs to locate the running version of the Cisco VCS. Under which tab in the Cisco VCS web interface is this information contained?
A. System
B. Applications
C. Configuration
D. Status
Answer: D


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