1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
goblinko [34]
3 years ago
12

Mr. and Mrs. Anderson own three shares of Magic Tricks Corporation's common stock. The market value of the stock is $60. The And

ersons also have $48 in cash. They have just received word of a rights offering. One new share of stock can be purchased at $48 for each three shares currently owned (based on three rights). (Do not round intermediate calculations and round your answers to the nearest whole dollar.) a. What is the value of a right?
Business
1 answer:
postnew [5]3 years ago
4 0

Answer:

$2

Explanation:

According to the given situation, the computation of the value of a right is shown below:-

Value of a right = (Market value of right + Subscription right) ÷ Number of rights 1

= ($60 - $48) ÷ (5 + 1)

= $12 ÷ 6

= $2

Therefore for computing the value of a right we simply applied the above formula and the same is to be considered

You might be interested in
The distribution of income for Dismal is as follows: Number of Families Income 1,000 less than $10,000 2,000 between $10,000 and
RUDIKE [14]

Answer:

The correct answer is:

$20,000 (b.)

Explanation:

In order order to calculate the poverty line for Dismal, we will first of all calculate the total number of families in Dismal as follows:

from lowest to high income = 1,000 + 2,000 + 2,000 + 800 + 200 = 6,000

Next, we are told that the poverty rate = 50% = 0.05

Since the Total families = 6000

Therefore, number of poor families = 50% of 6,000 = 0.05 × 6000 = 3,000

Therefore 3,000 families are poor in Dismal

To determine the poverty line, we will count from the lowest earning families upwards until the 3,000th family. The highest income of the 3,000 families counted forms the poverty line. This is done as follows:

1,000 families = $10,000

2,000 families = $10,000 to $20,000

These two groups make up the first 3000 families, and the highest income in the group is $20,000.

Hence the poverty line of Dismal = $20,000

5 0
2 years ago
Read each scenario and pick the statement that matches it.
coldgirl [10]

Answer:

c) guilty of hostile work environment sexual harassment.

Explanation:

  • Sexual harassment is a behavior that is characterized by making unwelcome or inappropriate remarks or any physical advances in works place or any profession.
  • Looking at the situation it can be seen that Kim, Layne, and joy are making there advances and repeatedly making solicited behavior thus are guilty of the hostile work environment and harassment.
4 0
2 years ago
Companies should kick-off sustainability efforts with diagnosis because: diagnosis is easier to understand than other aspects of
pashok25 [27]

Answer: It helps focus employees on what needs to change

Explanation:

For change in anything to be implemented, there needs to be a recognition of what it is that is lacking that needs to be changed.

This is why diagnosis is very important. It shows the company what they need to change in order to be more sustainable and when the company is aware of these things, their employees will become more focused on those things with the view to change them.

5 0
2 years ago
Transactions On September 1 of the current year, Joy Tucker established a business to manage rental property. She completed the
Bess [88]

Answer:

Joy Tucker

Indication of the effect of each transaction and the balances after each transaction:

1. Opened a business bank account with a deposit of $36,000 in exchange for common stock.

Assets increased + $36,000 (Cash $36,000) = Liabilities + Equity increased + $36,000 (Common stock $36,000)

2. Purchased office supplies on account, $1,800.

Assets increased + $1,800 (Cash $36,000, Supplies $1,800) = Liabilities increased + $1,800 (Accounts payable $1,800) + Equity (Common stock $36,000)

3. Received cash from fees earned for managing rental property, $6,750.

Assets increased + $6,750 (Cash $42,750 , Supplies $1,800) = Liabilities increased (Accounts payable + $1,800) + Equity increased + $6,750 (Common stock + $36,000 + Retained Earnings $6,750)

4. Paid rent on office and equipment for the month, $5,000.

Assets decreased - $5,000 (Cash $37,750, Supplies $1,800) = Liabilities increased (Accounts payable + $1,800) + Equity decreased - $5,000 (Common stock + $36,000 + Retained Earnings $1,750)

5. Paid creditors on account, $1,375.

Assets decreased - $1,375 (Cash $36,375, Supplies $1,800) = Liabilities decreased - $1,375 (Accounts payable $425) + Equity (Common stock + $36,000 + Retained Earnings $1,750)

6. Billed customers for fees earned for managing rental property, $9,500.

Assets increased +$9,500 (Cash $36,375, Supplies $1,800, Accounts receivable $9,500) = Liabilities decreased (Accounts payable $425) + Equity increased +$9,500 (Common stock + $36,000 + Retained Earnings $11,250)

7. Paid automobile expenses for month, $840, and miscellaneous expenses, $960.

Assets decreased -$1,800 (Cash $34,575, Supplies $1,800, Accounts receivable $9,500) = Liabilities decreased (Accounts payable $425) + Equity decreased -$1,800 (Common stock + $36,000 + Retained Earnings $9,450)

8. Paid office salaries, $3,600.

Assets decreased -$3,600 (Cash $30,975, Supplies $1,800, Accounts receivable $9,500) = Liabilities decreased (Accounts payable $425) + Equity decreased -$3,600 (Common stock + $36,000 + Retained Earnings $5,850)

9. Determined that the cost of supplies on hand was $350; therefore, the cost of supplies used was $1,450.

Assets decreased -$1,450 (Cash $30,975, Supplies $350, Accounts receivable $9,500) = Liabilities decreased (Accounts payable $425) + Equity decreased -$1,450 (Common stock + $36,000 + Retained Earnings $4,400)

10. Paid dividends, $3,000.

Assets decreased -$3,000 (Cash $27,975, Supplies $350, Accounts receivable $9,500) = Liabilities decreased (Accounts payable $425) + Equity decreased -$3,000 (Common stock + $36,000 + Retained Earnings $1,400)

Explanation:

The above transactions show their effects on the accounting equation, which states that assets = liabilities + equity.  Each transaction has some effects on the assets with equal effects on either the liabilities or equity.  This implies that the equation is always in balance.  It is the basis of the double-entry system of accounting.

4 0
2 years ago
According to the video, what products were made by Biomedical Engineers?
3241004551 [841]

Answer:

Imaging systems

artificial limbs

lasers for surgery

Explanation:

I just did the assignment

8 0
2 years ago
Other questions:
  • What talents or skills do u admire most in others
    11·2 answers
  • How long does it take to get debit card from chase?
    12·1 answer
  • Marcella has a $65,000 basis in her 50% partnership interest in the JM Partnership before receiving any distributions. This year
    7·1 answer
  • In this equation what should be the coefficients of the reactant and products I2+O2->i4O9
    7·1 answer
  • Ford Motor Company's use of company resources to build its River Rouge Plant outside of Detroit so that iron ore could enter int
    8·1 answer
  • An investment project has annual cash inflows of $2,800, $3,700, $5,100, and $4,300, for the next four years, respectively. The
    13·1 answer
  • Explicit and Implicit Costs) Amos McCoy is currently raising corn on his 100-acre farm and earning an accounting profit of $100
    13·1 answer
  • When a magazine company collects cash for selling a subscription, it is an example of: Multiple Choice An accrued liability tran
    10·2 answers
  • Compared to a monopoly that does not price​ discriminate, a monopolist who engages in perfect price discrimination will produc
    10·1 answer
  • Pujols Lumber Yard has a current accounts receivable balance of $365,061. Credit sales for the year just ended were $6,842,109.
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!