On december 31, 2020, merlin company had outstanding 400,000 shares of common stock and 40,000 shares of 8% cumulative preferred stock (par $10). on february 28, 2021, the preferred stock was convertible into 30,000 shares of common stock. merlin issued an additional 36,000 shares of common stock. a 10% stock dividend was declared and distributed on july 1, 2021. on september 1, 2021, 9,000 shares were retired. at year-end, there were fully vested incentive stock options outstanding for 30,000 shares of common stock (adjusted for the stock dividend). the exercise price was $18. the market price of the common stock averaged $20 during the year. also outstanding were $1,000,000 face amount of 10% convertible bonds issued in 2018 and convertible into 50,000 common shares (adjusted for the stock dividend). net income was $900,000. the tax rate for the year was 25%.
To have a house that you can call your own is one of the biggest achievements that a person can accomplish. To achieve that goal, you will have to harness three kinds of resources. The first is your natural resources or this could be the building materials you are going to use to construct your house. It can wood, clay or cement, steel and other related materials. Then you need human resources. These are the people who will build your house. These are the carpenters, bricklayers, welders and other laborers who are needed to create your home. Lastly there is the capital goods or things you will stock your house with such as food, furniture and other things that you value. Once your house is complete, you will now enjoy all the comforts of home. It is not easy to build a house these days. A lot of people would want a house of their own. To have a home no matter how big or how small is a great thing. This is true when you give all that you got. One is sure and that is the fact that there is no place like home.
The answer would be (3) simile
<span>Full of danger or risk.</span>
