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Bond [772]
3 years ago
10

Hoffman corporation issued $75 million of 7%, 15-year bonds at 104. each of the 75,000 bonds was issued with 15 detachable stock

warrants, each of which entitled the bondholder to purchase, for $30, one share of $1 par common stock. at the time of sale, the market value of the common stock was $35 per share and the market value of each warrant was $8.

Business
1 answer:
Lana71 [14]3 years ago
6 0

Answer:

Dr. Cash 78.0

Dr. Discount on Bonds Payable 6.0

     Cr. Bonds Payable

     Cr. Equity-Stock Warrants

Explanation:

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Airlines utilize _____ because there is constant communication and back-and-forth between gate agents, ticket agents, baggage ha
solniwko [45]

Hey there!

Your answer is reciprocal independence.

In reciprocal independence, different areas of a company are constantly communicating with each other.

Sequential independence means that one area is dependent on the actions of another, which is not what this is describing.

In pooled independence, different parts of the business are very separate and don't really interact with others, which is definitely what this is describing.

Hope this helps!

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Consider the economies of Sporon and Tralfamadore, both of which produce glops of gloop using only tools and workers. Suppose th
Phoenix [80]

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8 0
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The Nordstrom department store chain emphasizes the great lengths to which it goes in customer service. In fact, when it moves i
rosijanka [135]

Answer:

21

Explanation:

4 0
3 years ago
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Apple anticipates it will sell 100,000 units in the coming year. It is considering investing in a new machine that will increase
Vilka [71]

Incomplete question. However, it would be inferred you want to know the requirements to calculate net income.

<u><em>Explanation</em></u>:

Remember, net income is total revenue minus total cost. Since Apple anticipates selling 100,000 units, if we assume the fixed cost to be $2,400 and the variable cost $34, and selling price unit is $150.

  • Total cost= 2400+ (34*100,000)= 3,400,000
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The Net income is therefore $11,600,000.

7 0
3 years ago
The following amounts were taken from the financial statements of Ando Company: 2017 2016 Total assets $800,000 $1,000,000 Net s
Neko [114]

Answer:

35 times

Explanation:

The price-earnings ratio is the financial ratio that compares the market price of a share with its earnings in order to determine whether the share gives earnings that makes it a good buy.

Price-earnings ratio=market price per share/earnings per share

market price per share for 2017 is $42

earnings per share=net income-dividends/average common stock outstanding

net income is $108,000

dividends is nil

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price earnings ratio=$42/$1.2=35 times

8 0
3 years ago
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