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3 years ago

What is the maximum limit for discount on issue of debentures?

Business

1 answer:

Dmitry [639]3 years ago

6 0

Answer:

A company may issue shares at a discount i.e at a value below its par value. The following conditions must be satisfied in connection with the issue of shares at a discount :

The shares must be of a class already issued

Issue of the shares at discount must be authorised by resolution passed in the general meeting of company and sanctioned by the company law board.

The resolution must also specify the maximum rate of discount at which the shares are to be issued

Not less than one year has elapsed from the date on which the company was entitled to commence the business.

The shares to be issued at discount must issued within 2 months after the date on which issue is sanctioned by the company law board or within extended as may be allowed by the Company Law Board.

The discount must not exceed 10 percent unless the Company Law Board is of the opinion that the higher percentage of discount may be allowed in special circumstances of case.

Hope this helps

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Material and Labor Variances The following actual and standard cost data for direct material and direct labor relate to the prod

Damm [24]

Answer:

Materials:

price 800U

quantity 510 F

Labor:

rate 1,860 F

efficiency 1,740 U

Explanation:

DIRECT MATERIALS VARIANCES

$(standard\:cost-actual\:cost) \times actual \: quantity= DM \: price \: variance$

std cost $5.10

actual cost $5.30

quantity 4,000

$(5.1 - 5.3) \times 4,000 = DM \: price \: variance$

price variance $(800.00)

$(standard\:quantity-actual\:quantity) \times standard \: cost = DM \: quantity \: variance$

std quantity 4000.00

actual quantity 3900.00

std cost $5.10

$(4,000 - 3,900) \times 5.1 = DM \: quantity \: variance$

quantity variance $510.00

DIRECT LABOR VARIANCES

$(standard\:rate-actual\:rate) \times actual \: hours = DL \: rate \: variance$

std rate $8.70

actual rate $8.40

actual hours 6,200

$(8.7 - 8.4) \times 6,200 = DL \: rate \: variance$

rate variance $1,860.00

$(standard\:hours-actual\:hours) \times standard \: rate = DL \: efficiency \: variance$

std hours 6000.00

actual hours 6200.00

std rate $8.70

$(6,000 - 6,200) \times 8.70 = DL \: efficiency \: variance$

efficiency variance $(1,740.00)

4 0

3 years ago

Current liabilities are obligations that are reasonably expected to be paid from Existing Creation of Other Current Assets Curre

Alex73 [517]

Answer:

The answer is option C) Yes No

Explanation:

Current liabilities are obligations that are reasonably expected to be paid from Existing Creation of Other Current Assets and not current liabilities.

This is because, Current liabilities are short term liabilities due within a year. They include accounts payable, short term debt and overdraft. This means that payment can only be generated by current assets.

Current assets are also short term assets with a life span of on year. They include accounts receivable an cash.

Therefore, Yes, Current liabilities are obligations that are reasonably expected to be paid from Existing Creation of Other Current Assets.

And No, Current liabilities are obligations that are not expected to be paid from Existing Creation of Other Current Liabilities.

5 0

3 years ago

On March 15, a fire destroyed Blossom Company's entire retail inventory. The inventory on hand as of January 1 totaled $5300000.

Svet_ta [14]

Answer:

The value of inventory destroyed=$4,082,000

Explanation:

<em>The value of the inventory destroyed is the difference between the the cost of the total goods available for sale and the cost of goods sold</em>

The value of inventory destroyed = cost of goods available for sale - value of inventory sold

Cost of goods sold = 3540,000 - (20%× 3540,000)= 2,832,000

The cost of goods available for dale = opening inventory + purchases + freight charges

$5300000 + $1432000 + $182000 = 6,914,000

The value of inventory destroyed = 6,914,000 - 2,832,000 = 4082000

The value of inventory destroyed=$4,082,000

7 0

2 years ago

The relationship between quantity supplied and price is ________ and the relationship between quantity demanded and price is ___

mart [117]

Answer:

direct, inverse

Explanation:

Hope it helps

4 0

2 years ago

Mark is looking to buy his first home. His friends suggest that he check the style of the house and the number of rooms. He is,

Scrat [10]

Answer:

The correct answer is letter "B": anchoring.

Explanation:

Anchoring bias or focalism takes place when individuals make decisions driven by the first impression obtained on a certain matter. Under this situation, those individuals do not take well-educated decisions since there has not been an analysis of the pros and contras of picking that choice over others.

4 0

3 years ago