During 2014, Penny Co

question 13

Multiple Choice

During 2014, Penny Co. had net income of $200,000 including after-tax interest expense of $30,000 on convertible bonds. The $300,000 face value of convertible bonds can be converted into common stock at the rate of 300 shares per $1,000 bond. Prior to the conversion, there were 400,000 shares of common stock outstanding. The fully diluted earnings per share is

• A) $0.50
• B) $0.469
• C) $0.408
• D) not determinable because the bonds are not dilutive

Understand the disadvantages of social communication models and mitigation strategies by companies.

Recognize the phenomena of information overload, its effects, and coping mechanisms.

Understand the role and impact of technology in enhancing the effectiveness of communication processes.

Recognize the importance of ethics, transparency, and legal considerations in communication, especially in digital environments.

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Definitions:

Decrypt Information

The process of converting encrypted or encoded data back into its original, readable format.

Encrypted Payment Services

Services designed to secure digital transactions using sophisticated encryption technologies to protect sensitive information.

Internet Domain Name

A unique name that identifies an internet resource such as a website, characterized by an easily recognizable address used to access online information.

Customer Loyalty Programs

Marketing strategies designed to encourage customers to continue to shop at or use the services of a business associated with the program.