Convertible Bonds On December 31, 2019, Dare Corporation had outstanding 8%, $2,000,000 face value convertible bonds maturing on December 31, 2023. Interest is payable annually on December 31. Each $1,000 bond is convertible into 60 shares of Dare's $10 par value common stock. On January 2, 2021, when the Premium on Bonds Payable account balance was $45,000, an individual holding 200 of the bonds exercised the conversion privilege when the market value of Dare's common stock was $18 per share. Using the book value method, Dare's entry to record the conversion should include a credit to Additional Paid-In Capital of:. A) $80,000
B) $84,500
C) $96,000
D) $125,000

This exercise illustrates that poor quality can affect schedules and costs. a manufacturing process has 130 customer orders to fill. each order requires one component part that is purchased from a supplier. however, typically, 3% of the components are identified as defective, and the components can be assumed to be independent. (a) if the manufacturer stocks 130 components, what is the probability that the 130 orders can be filled without reordering components? (b) if the manufacturer stocks 132 components, what is the probability that the 130 orders can be filled without reordering components? (c) if the manufacturer stocks 135 components, what is the probability that the 130 orders can be filled without reordering components?