Answer:
22.22%
Explanation:
Currently Rainbow's stocks are priced at $36 per stock.
If the holder can convert his $1,100 bond into 25 stocks, that means that each stock should be worth at least $44 (= $1,100 / 25).
So the current stock price should increase by $8 (= $44 - $36) in order for a trade to be attractive, $8 represents a 22.22% increase (= ($8 / $36) x 100)
I would say this brand would be to do with having a line of goods ie for related goods, not just for one item but a number of related items so that their buyers will have much more to choose from and their sales should improve significantly.
Answer:
A) $4,000
Explanation:
Calculation for the beginning cash balance
Using this formula
Beginning balance=ending balance-increase in cash
Let plug in the formula
Beginning balance=$24,000 -$20,000
Beginning balance=$4,000
Therefore the beginning cash balance was:$4,000
Answer:
Convenience store
Explanation:
a Convenience store is a retail store that provides a range of everyday products and impulse products. they are usually located in fuelling stations or along busy roads . these stores are usually opened for long hours
Answer:
The journal entry:
Debit Accumulated depreciation $160,000
Debit Equipment $200,000
Credit Cash $170,000
Credit Equipment $180,000
Credit Gain on exchange asset $10,000
Explanation:
The old equipment had a book value of $20,000 at the time of exchange. The company paid $170,000 cash and a trade-in of old equipment.
The new equipment costs of $200,000.
Carothers Corporation will record gain on exchange by the journal entry:
Debit Accumulated depreciation $160,000
Debit Equipment $200,000
Credit Cash $170,000
Credit Equipment $180,000
Credit Gain on exchange asset $10,000
