Which is the best answer

The Timken Company has announced a rights offer to raise $5.1 million. The company's stock currently sells for $34 per share, th

omeli [17]

Answer:

Right price =$33.50

Explanation:

<em>The theoretical ex-right price is the weighted average price at which shares are expected to settle after a right-issue,</em>

<em>It is the weighted average price of value of shares of the before-right price and the right price</em>

Ex-rights price

=(Before-right value of shares + Proceed from rights )/Total number of shares after rights issue

Number of rights issue units = amount to be raised /Right price per share

= $5.1 m/$30 = 170,000 units

Before - rights value = 1,207,000 × $34 = 41,038,000

Proceed from rights = 170,000 × $30 = 5,100,000

The ex-right price = (41,038,000 + 5,100,00)/(1,207,000 +170,000) units

Right price =$33.50

8 0

3 years ago

A Japanese investor can earn a 1 percent annual interest rate in Japan or about 4.1 percent per year in the United States. If th

Whitepunk [10]

Answer: 97.99

Explanation:

The one-year forward rate that an investor would be indifferent between the U.S. and Japanese investments will be:

= Spot rate × (1 + Japanese rate / 1 + U.S rate)

= 101 × (1 + 1% / 1 + 4.1%)

= 101 × [(1 + 0.01) / (1 + 0.041)]

= 101 × (1.01/1.041)

= 101 × 0.9702209

= 97.99

4 0

3 years ago

You have one beanbag and five targets set up in front of you, each farther away than the last. Target A sits almost within arm

marta [7]

Answer:

C) high need for achievement

Explanation:

McClelland's Theory of Needs states that all individuals have three basic motivators:

Achievement: you need to establish and accomplish challenging goals, you like to take calculated risks, like to work alone, although you occasionally enjoy when others recognize your achievements.
Affiliation: you need to belong to a group, and you need them to like you.
Power: you need to control and influence other people, you like to win arguments, and you enjoy competing and receiving the status of a winner.

4 0

4 years ago

Merchant Company purchased property for a building site. The costs associated with the property were: Purchase price $ 178,000 R

allochka39001 [22]

Answer:

$198,000 and $0

Explanation:

The calculation is shown below:

The Cost of the land is

= Purchase price + Real estate commissions + Legal fees + Expenses of clearing the land + Expenses to remove old building

= $178,000 + $15,300 + $1,100 + $2,300 + $1,300

= $198,000

As the property is buy for the building site so here no cost will be recognized and allocated to the new building cost

hence, it would be zero

3 0

3 years ago

Lauren is an attorney. Like the conduct of all attorneys, Lauren’s conduct is governed by rules of professional conduct establis

GREYUIT [131]

Answer:

a. the American Bar Association.

Explanation:

-American Bar Association is an organization that is formed by law students and lawyers and it establishes codes of conduct for this profession. It created the Model Rules of Professional Conduct in 1983 and it is used in 49 states.

-American Institute of Certified Public Accountants is an organizaion formed by certified accountants in the United States and it determines ethical standards for the professionals.

-The Securities and Exchange Commission is an agency of the United States government that develops and enforces laws for the securities industry.

-The International Accounting Standards Board is a body of the IFRS Foundation that establishes accounting standards.

According to this, the answer is that Lauren’s conduct is governed by rules of professional conduct established by the state in which she is licensed, and the Model Rules of Professional Conduct of the American Bar Association.

8 0

3 years ago