A Corporation has net income of $270,000for the year2021,with 160,000 shares of common stock outstanding throughout the year. lt also has 1,00o shares of cumulative, convertible (1preferred share is convertible into 2 common shares),6%,$100 par preferred stock. The Corporation has issued 20,000 stock options each exercisable at $90at the beginning of the year. The average market price of the common stock for 2021was $120.Compute the basic and diluted EPS for the year ended December 31,2021. Show necessary stepwise computations.*

answer: city needs 2.4 inches of rainfall more to match the record of 40 inches.

step-by-step explanation:

since we have given that

total annual rainfall a city record = 40 inches

this year, total rainfall recorded = 37.6 inches

number of inches of rainfall   is needed to match the record of 40 inches is given by

hence, city needs 2.4 inches of rainfall more to match the record of 40 inches.

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so firstly, we need to isolate the y variables to be able to solve these inequalities. firstly, add 0.5x on both sides of the first inequality and subtract 1.5x on both sides of the second inequality:

now since the slope is positive for the first inequality, this means that the line going upwards belongs to the first inequality, and the line going downwards belongs to the second inequality.

next, since y ≥ in the first inequality, this means that the shaded region will be above the first inequality's line, thus shading regions a and b.

next, since y ≤ in the second inequality, this means that the shaded region is going to be below this line, thus shading regions a and c.

since both lines shade region a, this means that region a is the solution.

step-by-step explanation:

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