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2 years ago

In order to be considered a legal owner of a public company, a person or organization must _____

1 answer:

3 0

In order to be considered as a legal owner of a public company, a person or an organization must hold or own at least one stock of such public company.

<h3>What is the significance of a legal owner?</h3>

A legal owner can be referred to or considered as a person who is the owner of a property, whether movable or immovable, in the eyes of the laws. A legal owner is better than any other owner for having the right to own, possess, and sell such property.

In case of a public company, a legal owner will be someone who owns the stock of such company, irrespective of the quantity of stocks held by such owner.

Therefore, the significance regarding a legal owner has been aforementioned.

Learn more about a legal owner here:

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The ______ doctrine refers to the hesitancy of the judiciary to interfere with the management and administration of prisons.

Umnica [9.8K]

Hands off Doctrine is an early American court-articulated belief that the judiciary should not interfere with the management and administration of prisons. Prisonisation is a Socialization into inmate culture at the adopting of the inmate sub-culture by inmates. This is the norms, values, beliefs, and even language of the prison is called Prison Subculture.

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3 years ago

The current spot price of WTI Houston Crude Oil Futures, expiring in 1-year, is $43 (per bbl). You can contract storage cost for

jekas [21]

Answer:

-3.49%

Explanation:

Theoretical price (Ft) = $43

Current spot price (St) = $40.5

Storage cost (u) = 2%

Risk free rate (Rf) = 0.5%

T = 1 year

Let y = Convenience yield

Ft = St e^(Rf + u - y)T

43 = 40.5 e^(0.005 + 0.02 - y)

y = - 3.49%

Hence, convenience yield = -3.49%

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3 years ago

A company has a selling price of $1,500 each for its printers. Each printer has a 2 year warranty that covers replacement of def

dlinn [17]

Answer:

$103,680

Explanation:

estimated warrant liablity 3% of unid sold at $144

24,000 x 3% x 144 = $103,680

This will be the expected warranty laiblity for the sales of the period, and also the warranty expense.

warranty expense 103,680

warranty liability 103,680

warranty liability 47,000

inventory 47,000

to record warranty services

(we use inventory because the company use replacement part, those par are represented in inventory account)

<u>Warrant liablity account</u>

beginning balance 26,000

warranty expense 103,680

warrant serviced (47,000)

ending balance 82,680

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3 years ago

Ryan sends Michael a letter of intent for the purchase of a tract of land. The letter of intent outlines the purchase price, the

Diano4ka-milaya [45]

Answer:

The correct answer is b. The letter of intent is an invitation to negotiate, which is not an offer.

Explanation:

The letter of intent is a document that is written as a pre-agreement between two people or two entities that have the commitment and the intention to proceed further and formalize a contract. They resemble a contract, but unlike these, it is not binding.

We may think that the fact that the letter of intent is not binding makes it lose its value or its usefulness as a practical tool. But the reality is that it serves as proof of will, and such proof may be sufficient proof for other clients or other participants to decide to withdraw.

In addition, the letter of intent itself implies the existence of a negotiation, where those easier questions usually appear, by mutual agreement. Leaving for the real contract, those more complex issues that require more negotiation.

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3 years ago

Tara Company owns 30% of Hawkins, Inc. and applies the equity method. During the current year, Hawkins buys inventory costing $4

Step2247 [10]

Answer:

The correct option is d. $7,500

Explanation:

For computing the unrealized gain, first we have to compute the gross profit ratio which is shown below:

Since gross profit is not given in the question, so, first we have to find it.

The gross profit formula is shown below:

= Sales revenue - cost of goods sold

= $500,000 - $400,000

= $100,000

Now, gross profit ratio equals to

= (Gross profit ÷ sales revenue) × 100

= ($100,000 ÷ $500,000) × 100

= 20%

In the question, the 25% of merchandise is still held by Tara.

Since merchandise inventory is not given

So, we multiply the gross profit by 25% and 30%

In mathematically,

= Gross profit × 25% × 30%

= $100,000 × 25% × 30%

= $7,500

Hence, the $7,500 amount of unrealized gain must be deferred by Hawkins in reporting on the equity method

Therefore, the correct option is d. $7,500

3 0

4 years ago