Garfun, inc., owns all of the stock of simon, inc. for 2014, garfun reports income (exclusive of any investment income) of $480,000. garfun has 80,000 shares of common stock outstanding. it also has 5,000 shares of preferred stock outstanding that pay a dividend of $15,000 per year. simon reports net income of $290,000 for the period with 80,000 shares of common stock outstanding. simon also has a liability for 10,000 of $100 bonds that pay annual interest of $8 per bond. each of these bonds can be converted into three shares of common stock. garfun owns none of these bonds. assume a tax rate of 30 percent. what amount should garfun report as diluted earnings per share? (round your intermediate percentage value to the nearest whole number and the final answer to 2 decimal places.)

The government often provides goods that are nonrivalrous and nonexclusive to overcome which market failure

Torino company has 1,300 shares of $50 par value, 6.0% cumulative and nonparticipating preferred stock and 13,000 shares of $10 par value common stock outstanding. the company paid total cash dividends of $3,500 in its first year of operation. the cash dividend that must be paid to preferred stockholders in the second year before any dividend is paid to common stockholders is:

Needs to schedule the staffing of the center. it is open from 8am until midnight. larry has monitored the usage of the center at various times of the day and determined that the following number of computer consultants are required: time of dayminimum number of consultants required to be on duty8 am-noon4noon-4 pm84pm-8pm108pm-midnight6 two types of computer consultants can be hired: full-time and part-time. the full- time consultants work for eight consecutive hours in any of the shifts: morning (8am- 4pm), afternoon (noon-8pm) and evening (4pm-midnight). full-time consultants are paid $14 per hour. part-time consultants can be hired to work any of the four shifts listed in the table. part-time consultants are paid $12 per hour. an additional requirement is that during every time period, there must be at least two full-time consultants on duty for every part-time consultant on duty. larry would like to determine how many full-time and part-time consultants should work each shift to meet the above requirements at the minimum possible cost. formulate this as an lp problem. you must define your variables clearly