Jerome spends his entire income on clothes and food. Draw the budget line for each of the following situations, calculating the intercepts and slope in each case. (Measure clothes on the vertical axis (Y) and food on the horizontal axis (X). I. Monthly income is $1000, the price of clothes is $8, and the price of Food is $10. II. .Monthly income is $400, the price of clothes is $8 and the price of food is $10

On january 1, 2017, pharoah company issued 10-year, $2,020,000 face value, 6% bonds, at par. each $1,000 bond is convertible into 16 shares of pharoah common stock. pharoah’s net income in 2017 was $317,000, and its tax rate was 40%. the company had 97,000 shares of common stock outstanding throughout 2017. none of the bonds were converted in 2017. (a) compute diluted earnings per share for 2017. (round answer to 2 decimal places, e.g. $2.55.) diluted earnings per share