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3 years ago

An officer of a company has acquired shares of that issuer in the open market. If the officer wishes to sell the shares:

Business

1 answer:

Brut [27]3 years ago

4 0

Answer: C. II and III

Explanation:

As the shares were acquired by the officer on the open market, they are considered Control Stock. Sale of Control Stock falls under the purview of Rule 144 of the SEC that governs the sale of restricted, unregistered, and control securities so a Form 144 will need to be filed with the Sec making III correct.

Furthermore, control stock are not subject to a holding period requirement so option II is correct as well. Option C is therefore the best answer.

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True or False? In order for a SWOT analysis to be successful, it is critical to focus on business processes that met customer ne

romanna [79]

Answer: True.

Explanation:

A business would consider their processes that met Consumer needs in SWOT analysis, the business would consider the processes that met consumer needs as their areas of strengths. SWOT analysis is a business analysis where they consider their strength, weakness, opportunities and strengths relative to a new or existing market.

4 0

3 years ago

Rankine Company estimates its bad debts expense by aging its accounts receivable and applying percentages to various age groups

Andrews [41]

Answer:

Date Account titles and Explanation Debit Credit

Bad Debt Expense $8,400

Allowance for doubtful account $8,400

($9,600 credit required - $1,200 already existing)

(To record bad debt expenses)

Particulars Amount

Account receivables $307,200

Less: Allowance for doubtful account <u>$9,600</u>

Net amount of accounts receivable <u>$297,600</u>

4 0

3 years ago

What will happen to the demand curve for tea workers if the price of tea increases, assuming all else equal? A. There will be

umka21 [38]

Answer:

Option (A) is correct.

Explanation:

If there is an increase in the price of tea then as a result this will increase the demand for tea workers. As the producers of tea wants to increase their output level so that they can earn higher profits in terms of higher tea prices. Hence, there is a need to employ more tea workers for increasing the production volume which will increase the demand for workers and shift the demand curve of tea workers rightwards.

8 0

3 years ago

the insured dies 6 months after the policy issue date upon death of the insured it is determined that the insured made a materia

Mumz [18]

Answer:

Rescind the policy

Explanation:

In this scenario the insuredad a misstatement on the application and dies after 6 months. To avoid any legal issues with the beneficiaries the best line of action of the insurer is to rescind the policy.

The reason for rescinding the policy should be stated as misstatement in the application.

Rescinded insurance policy will make it as if the agreement between the insurance company and policy makers was never made. Since the policy was not cancelled, the policy holder or his beneficiary will get back any premiums that have already been paid.

On the other hand if the policy were to be cancelled the only money returned to the policy holder will be the balance in the remaining portion of the term.

3 0

4 years ago

During the current year, merchandise is sold for $137,500 cash and $425,600 on account. the cost of the merchandise sold is $322

LenKa [72]

The gross sales margin equals 42.76%

The formula to calculate the Gross Sales Margin is (Revenue - Cost of Goods Sold) / Revenue

Revenue = $137,500 + $425,600 = $563,100

($563,100 - 322,325) / 563,100 =

240,775 / 563,100 = 42.76%

4 0

4 years ago