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Butoxors [25]
2 years ago
9

Nick is a recent finance graduate who has two passions: music and finance. Upon graduation, he was offered an opportunity to joi

n a struggling rock band with a lot of potential, and a job at a large well-established financial services company.
By joining the band, he will forego which of the following:

A. Added benefits such as health insurance provided to employees of large corporations.
B. The freedom to contribute as an innovator in his work environment.
C. Long hours at work, while he learns the business and contributes to making it successful.
D. Job protection.
Business
1 answer:
snow_tiger [21]2 years ago
6 0

Answer:

A) Added benefits such as health insurance provided to employees of large corporations.

Explanation:

A struggling rock band can be considered an entrepreneurial venture, depending on how much Nick loves music. But struggling ventures cannot offer employees or coworkers the same benefits or perks that large and established companies can offer. The example used here was health insurance but other perks may include paid vacation, paid sick days, retirement plans, etc.

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Cyan Corporation (E & P of $700,000) has 4,000 shares of common stock outstanding. The shares are owned as follows: Angelica
pshichka [43]

Answer:

Part - (a)  

Since A constructively holds stock through her son and a prohibited interest within the 10 years of divestment, she will not receive a favorable treatment.

Part - (b)  

The sale may qualify for redemption if A decides to become a creditor within a 10 years period. Creditors do not hold prohibited interest in corporations, typically because they hold no voting rights.

Part - (c)  

The act of replacing, or office held by a family member, does not constitute a prohibited interest. Therefore: the sale should qualify.

Part - (d)  

Accepting the stocks as gift would trigger a prohibited interest. The size of the gift and her son's shares and will nullify the 10 year rule.

3 0
2 years ago
Read 2 more answers
In your own words what is demand
Step2247 [10]

Answer:

telling somone to a specifc thing. it can be good or bad

Explanation:

7 0
2 years ago
Consumers' incomes decrease, which causes a decrease in demand. This causes the equilibrium price to _____. increase decrease st
adell [148]
The answer is decrease 
6 0
3 years ago
Read 2 more answers
On January 1, 2021, Gridley Corporation had 375000 shares of its $2 par value common stock outstanding. On March 1, Gridley sold
lesya [120]

Answer:

1,075,000

Explanation:

Weighted average numbers of share account the weightage of outstanding numbers of the share in the year based on the outstanding period.

Outstanding Balances

375,000 share  for 2 months

Addition of new 750000 shares on March 1

1,125,000  shares (375,000+ 750,000) for 2 months

Stock dividend of 20% ( 1,125,000 x 20% = 225,000) on May 1

1,350,000  shares (1,125,000+ 225,000) for 3 months

Retirement of 420,000 Shares on August 1

930,000  shares (1,350,000 - 420,000) for 3 months

Issuance of 600000 shares on November 1

1530,000  shares (930,000 - 600,000) for 2 months

Schedule for weighted average numbers of shares is attached please find it.

Download pdf
3 0
2 years ago
A company issued 5%, 20-year bonds with a face amount of $60 million. The market yield for bonds of similar risk and maturity is
Lesechka [4]

Answer:

Total $53.0656 (millions)

Explanation:

We will need to add the present value of the coupon payment

and the present value of the maturity date

<u>present value of the annuity:</u>

C \times \frac{1-(1+r)^{-time} }{rate} = PV\\

C= 60 million x 5% /2 1.5

time= 20 years 2 payment per year = 40

rate = 6% annual = 0.06/2 = 0.03 semiannually

1.5 \times \frac{1-(1+0.03)^{-40} }{0.03} = PV\\

PV $34.6722

<u>present value of the bonds:</u>

\frac{Maturity}{(1 + rate)^{time} } = PV

Maturity 60

time 40

rate           0.03

\frac{60}{(1 + 0.03)^{40} } = PV

PV        $18.3934

<u>The value of the bond will be the sum of both</u>

PV c $34.6722

PV m  $18.3934

Total $53.0656

7 0
2 years ago
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