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Salsk061 [2.6K]
3 years ago
13

In September, Year 1, West Corp. made a dividend distribution of one right for each of its 120,000 shares ofoutstanding common s

tock. Each right was exercisable for the purchase of 1/100 of a share of West's $50variable rate preferred stock at an exercise price of $80 per share. On March 20, Year 5, none of the rightshad been exercised, and West redeemed them by paying each stockholder $0.10 per right. As a result of thisredemption, West's stockholders' equity was reduced by:a. $120b. $2,400c. $12,000d. $36,000
Business
1 answer:
Sphinxa [80]3 years ago
8 0

Answer:

The correct answer is option C.

Explanation:

Dividend distribution in the first year = 120,000 shares of outstanding common stock

Each right was exercisable.

Though none of the rights have been exercised.

The shares have been redeemed by paying each stockholder=$0.10/right

Reduction in the West's stockholder's equity

=Number of shares*amount paid for redemption

=120,000*$.10

=$12,000

So, option C is the right answer.

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One bag of flour is sold for $1.00 to a bakery, which uses the flour to bake bread that is sold for $3.00 to consumers. A second
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Answer:

The correct answer is option b.

Explanation:

GDP is a measure of economic growth that shows the level of final goods and services produced in an economy in a year. It includes only final goods and services, intermediate goods are not included.  

So here the value of flour used to make bread will not be included as it is an intermediate good. But the value of bread will be included. The value of the second bag of the floor will be included as it is a final good sold to the consumer.  

Increase in GDP

= $3 + $2

= $5

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The law of diminishing returns is often used to analyze the ideal amount of which factor of production?
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The process of improving the competencies, team member interaction, and overall team environment to enhance project performance
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There are 5 key procedures worried in development and performance measurement: progress dimension making plans, performance size planning, development, and overall performance size execution, monitoring and management, and dimension closure.

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What is the south african government providing and for whom ?
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3 years ago
The Waverly Company has budgeted sales for the year as follows: The ending inventory of finished goods for each quarter should e
MA_775_DIABLO [31]

The question is incomplete. The complete question is as follows,

The Waverly Company has budgeted sales for the year as follows:

Quarter sales in unit

1=12,000

2=14,000

3=18,000

4=16,000

The ending inventory of finished goods for each quarter should equal 25% of the next quarter's budgeted sales in units. The finished goods inventory at the start of the year is 3,000 units. Scheduled production for the second quarter (in units) is:

a.17,500 units.

b.16,500 units.

c.15,000 units.

d.13,000 units.

Answer:

Production = 15000 Units

Option C is the correct answer

Explanation:

To calculate the scheduled production for the second quarter, we first need to find the opening and ending inventory for the third quarter. The ending inventory for each quarter will become the opening inventory for next quarter. It is mentioned in the question that the ending inventory in each quarter is equal to 25% of the next quarter's budgeted sales. Then,

Ending Inventory First Quarter = 0.25 * 14000  =  3500 units

Ending Inventory Second Quarter = 0.25 * 18000  =  4500 units

The production of units in second quarter can be calculated as follows,

Budgeted Sales  =  Opening Inventory + Production - Closing Inventory

14000 = 3500 + Production - 4500

14000 + 4500 - 3500 = Production

Production = 15000 Units

5 0
3 years ago
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