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NEW QUESTION: 1
What can a user with a Chatter Only profile do?
The user can only log in to Chatter. They can access all standard Chatter people, profiles, groups, and files.
Additionally, they can:
View Salesforce accounts and contacts
Use Salesforce CRM Content, Salesforce CRM Ideas, and Answers
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NEW QUESTION: 2
BWT, Inc. shows the following data in its financial statements at the end of the year. Assume all securities were outstanding at the beginning of the year:
6.125% convertible bond, convertible into 33 shares of common stock. Issue price $1,000, 100
6.25% convertible preferred stock, $100 par, 3,710 shares outstanding. Convertible into 3.3
shares of common stock, Issue price $100 8%
convertible preferred stock, $100 par, 5,604 shares outstanding. Convertible into 5 common
shares, Issue price $80
12,380 warrants are outstanding with an exercise price of $40. Each warrant is convertible into 1
share of common.
Average market price of common is $53.00 per share. Common shares outstanding at the
beginning of the year were 45,888.
Net Income for the period was $200,000, while the tax rate was 40%.
How many new shares had to be issued to facilitate warrant conversion?
(12380)(40) = $495,200 $495,200/$53 = 9343 common shares 12380 - 9343 = 3037