Lerner co. had the following securities outstanding during 2018: 200,000 shares of common stock
20,000 shares of convertible preferred stock
the preferred stock is convertible into 40,000 shares of common stock.
$600,000 of 10% convertible bonds
each $1,000 bond is convertible into 45 shares of common stock. during 2018, lerner paid dividends of $0.55 per share on the common stock and $1.80 per share on the preferred stock. the net income for 2018 was $360,000 and the income tax rate was 30%. 28. basic earnings per share for 2018 is (rounded to the nearest penny)

Consider the scenario below and let us know if you believe lauren smith's actions to be ethical. let us know why or why not. lauren smith is the controller for sports central, a chain of sporting goods stores. she has been asked to recommend a site for a new store. lauren has an uncle who owns a shopping plaza in the area of town where the new store is to be located, so she decides to contact her uncle about leasing space in his plaza. lauren also contacted several other shopping plazas and malls, but her uncle’s store turned out to be the most economical place to lease. therefore, lauren recommended locating the new store in her uncle’s shopping plaza. in making her recommendation to management, she did not disclose that her uncle owns the shopping plaza. if management decided to go with lauren's uncle's plaza, what additional information would be needed in the financial statements?

Alocal barnes and noble bookstore ordered 80 marketing books but received 60 books. what percent of the order was missing?

Which statement or statements are implied by equilibrium conditions of the loanable funds market? a firm borrowing in the loanable funds market invests those funds with a higher expected return than any firm that is not borrowing. investment projects which use borrowed funds are guaranteed to be profitable even after paying interest expenses. the quantity of savings is maximized, thus the quantity of investment is maximized. a loan is made at the minimum interest rate of all current borrowing.