On November 23rd, an officer of MNO Corporation wishes to sell stock under Rule 144. MNO has 50,000,000 shares outstanding. The previous weeks' trading volumes are:
Week Ending Volume
Nov 21 : 500,000 shares
Nov 14 : 525,000 shares
Nov 7 : 485,000 shares
Oct 31 : 450,000 shares
Oct 24 : 400,000 shares
If the Form 144 is filed today, the maximum sale is:
Answer:
500,000 shares
Explanation:
Given that: according to rule 144, which enables the sale of the greater of 1% of the outstanding shares or the weekly average of the preceding 4 weeks trading volume every 90 days.
Then, we have 1% of 50,000,000 shares = 500,000 shares. The last 4 weeks' trading volumes are:
500,000 shares
525,000 shares
485,000 shares
450,000 shares
1,960,000 shares / 4 weeks = 490,000 share average
Therefore, the greater amount is 1% of outstanding shares, which is 500,000 shares.
Answer:
$299,200
Explanation:
Pearl Corp.’s Statement of cash flows
Cash Flows from operating activities:
Net Income 279,400
Adjustments to reconcile net income to cash flow from operating activities:
Depreciation expense $46,200
Accounts Receivables Increase ($17,600)
(93,500 -75,900)
Inventories Increase ($17,600)
(85,800 -68,200)
Prepaid expenses decrease $2,200
(18,700- 20,900)
Accrued Expenses payable decrease($11,000)
($6,600- $17,600)
Accounts Payable increase $17,600
(96,800 - 79,200)
Net Cash provided by Operating Activities $299,200
Answer:
d. the company a person works for.
Explanation:
In contemporary Japanese society, a group is associated with the company a person works for.
A group typically comprises of two or more people who share some things in common such as identity, aims, interest and are willing to work in an accord.
Hence, the company or organization an individual works for, is usually considered to be a group in the contemporary Japanese society.
This is so because employees are blinded by a common goal, aim, interest to allow them work effortlessly, effectively and efficiently together.
The total of all indirect costs incurred during the manufacturing of a product is known as manufacturing overhead (MOH) cost. Along with the expenses of direct materials and direct labor, it is included in the price of the finished product. The depreciation of equipment, wages paid to factory workers, and electricity used to operate the equipment are typically included in manufacturing overhead costs.
A manufacturer's balance sheet, cost of products income statement, and cost of finished goods in inventory should all reflect production overhead in accordance with generally accepted accounting principles (GAAP).
In order to predict the monthly demand for its product, a producer of printed circuit boards utilizes exponential smoothing with trend. The corporation wants to anticipate sales for January at the end of December. 200 extra boards were estimated to have been sold each month through the month of November. Around 1000 copies have been sold monthly on average. In December, there was a need for 1100 units. The business makes use of = 0.20 and = 0.10. Make a forecast for January that includes trends.
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