The amount of capital that Shoprite can raise is dependent on various factors. It is to be noted however that "Shoprite Checkers will contribute R888 million, allowing the Shoprite Employee Trust to subscribe for 10% of the stocks, with Shoprite Checkers funding the remaining shares on a notional basis.
<h3>Who is Shoprite?</h3>
Shoprite Holdings Limited is an investment holding company established in South Africa.
The business is a fast-paced consumer products store.
Its primary activity is food retailing, which is supplemented by furniture, medicines, hotels, tickets, digital commerce, financial services, and cellular facilities.
Learn more about Shoprite:
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Answer:
Explanation: Only in exceptional cases may inventories be stated above cost according to the Accounting Standards Codification. For instance, precious metals, which have a fixed monetary value with no substantial cost of marketing may be stated at its monetary value, which may be above cost; For agricultural, mineral, and other products that can be substituted for one another and have immediate marketability at quoted prices, it may be difficult to obtain appropriate costs leading to inventory being stated above costs.
Answer: $10095
Explanation:
First, we'll calculate the present value which will be:
= 600/(1+5%) + 600/(1+5%)² + 10000/(1+5%)²
= 600/(1+0.05) + 600/(1+0.05)² + 10000/(1+0.05)²
= 600/(1.05) + 600/1.1025 + 10000/1.1025
= 571.43 + 544.22 + 9070.30
= 10185.95
Then, we'll deduct the first coupon gotten. Thai will be:
= 10185.95 - 571.43
= 9614.52
Then, the price that Sydney will receive for his bond if newly issued will be:
= $9614.52 × (1+5%)
= $9614.52 × 1.05
= $10095
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Answer:
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