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aev [14]
3 years ago
5

A holder of Rainbow Funds convertible bonds with a $1,000 par and a $1,100 price can convert the bond to 25 shares of common sto

ck. The stock is currently priced at $36 per share. By what percent does the stock price have to rise to make conversion potentially attractive?
Business
1 answer:
omeli [17]3 years ago
7 0

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)

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The variable overhead spending variance, the fixed overhead spending variance, and the variable overhead efficiency variance can
laila [671]

Answer:

The answer is letter E

Explanation:

The variable overhead spending variance, the fixed overhead spending variance, and the variable overhead efficiency variance can be combined to find the controllable variance

4 0
3 years ago
You are a senior manager at a large consumer goods company. The company president has noticed that recent college graduates and
jeka57 [31]

Answer:

b. mentor

Explanation:

Based on the information provided within the question it seems that you are acting as a mentor to the junior employees and the president has seen this. A mentor is a person who has vast experience in a field and acts as a guide and role model for those under his command. Which is why the junior employees gravitate towards you, because being the senior manager means you have years of experience and have a lot to teach them.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

7 0
3 years ago
During January, Luxury Cruise Lines incurs employee salaries of $2.4 million. Withholdings in January are $183,600 for the emplo
garri49 [273]

Answer and Explanation:

The journal entry to record the  employee salary expense, withholdings, and salaries payable is shown below:

Salaries expense Dr $2,400,000

     To Income tax payable  ($360,000 + $150,000) $510,000

     To FICA tax payable $183,600

     To Account payable $24,000

     To Salaries payable $1,682,400

(being employee salary expense, withholdings, and salaries payable is recorded)

Here the expenses are debited and payable are credited as it increased the expenses and liabilities

6 0
3 years ago
The revenue recognition principle guides accountants in​ ________.
Goryan [66]

The revenue recognition principle guides accountants in​ Answer: D determine when to record revenues. The revenue recognition principle lets accountants know when they need to record revenues and at what amount to record. The revenue recognition principle states not to record revenue until it has been earned in full.

3 0
3 years ago
Uh hi . . . . . . . . BANNNA BANNNABANNNA BANNNABANNNA BANNNA BANNNA BANNNA :) B)
SIZIF [17.4K]

Answer:

banannanannanannanannananan

6 0
3 years ago
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