At December 31, 2023, Olsen Company had 600,000 shares of common stock outstanding. On October 1, 2024, an additional 120,000 shares of common stock were issued. In addition, Olsen had $5,000,000 of 6% convertible bonds outstanding at December 31, 2023, which are convertible into 270,000 shares of common stock. No bonds were converted into common stock in 2024. The net income for the year ended December 31, 2024, was $1,500,000. Assuming the income tax rate was 30%, the diluted earnings per share for the year ended December 31, 2024, should be (rounded to the nearest cent):

$1.9

Explanation:

Net income = $1,500,000 + $5,000,000*6%*(1-30%)

Net income = $1,500,000 + $210,000

Net income = $1,710,000

Number of shares = 600,000 + 120,000*3/12 + 270,000

Number of shares = 600,000 + 30,000 + 270,000

Number of shares = 900,000

Diluted earnings per share = Net income / Number of shares

Diluted earnings per share = $1,710,000/900,000

Diluted earnings per share = $1.9

the correct answer would be b, when, queen, calder hall and london.

explanation:

we always capitalize words when a paragraph or sentence is starting, when an important name is used, when a place is being written, or simply when a noun is used, etc. so in this sentence, sentence is starting from 'when', so it will be written in capital letters. secondly, queen is considered to be an important person, so it will also be written in capital letter. next, the name of the town is mentioned, i-e calder hall, which will also be written in capital letters. in the last,   city name is being used, 'london', which will also be written in capital letters. so option b is the most appropriate one.

answer; conceptual skills;