If convertible bonds are dilutive, the interest expense added back to the numerator in calculating diluted earnings per share is
a. net of tax, and includes discount and premium amortization.
b. net of tax, but does not include discount and premium amortization.
c. not net of tax, but includes discount and premium amortization.
d. not net of tax, and does not include discount or premium amortization.
A
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Eleanor Rigby, a minor, buys a stereo from Rita, meter maid, for $200. State law allows a minor to disaffirm contracts within a reasonable time after turning 18. Eleanor Rigby disaffirms the contract the day after turning 18 and returns the stereo.
a. This contract was a valid contract, Eleanor Rigby cannot disaffirm. b. This contract was a voidable contract, Eleanor Rigby can disaffirm. c. This contract was a void contract. d. This contract was unenforceable because it needed to be in writing to be enforceable.
A waiting-line system that meets the assumptions of M/M/1 has ? = 1, ? = 4. For this system, Po is ________ and utilization is ________
A) 0.75; 0.25 B) 0.80; .20 C) -3; -4 D) 3; 4 E) none of the above