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mr Goodwill [35]
4 years ago
15

Emst & frank stock is listed on nasdaq. the firm is planning to issue some new equity shares for sale to the general public.

this sale will definitely occur in which one of the following markets?
Business
1 answer:
xxMikexx [17]4 years ago
3 0
Based on the scenario, i think the sale will definitely occur in Primary markets
In capital market term, primary market refer to various deals that included in issuing new securities (most commonly happen when the company try to raise funds from the capital market)

hope this helps
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Riggins, Inc. manufactures one product called tybos. The company uses a standard cost system and sells each tybo for $8. At the
jenyasd209 [6]

Answer:

Riggins, Inc.

a. Material price variance

= $450 F

b. Material quantity variance

= $750 U

c. Labor price variance

= $550 U

d. Labor quantity variance

= $7,000 F

Explanation:

a) Data and Calculations:

Selling price of tybo per unit = $8

Estimated production units in March = 9,500

Standard material and labor costs:

Particulars        Standard          Standard          Standard

                          quantity           price                 per unit

Direct materials 2.5 pounds    $3 per pound   $7.50

Direct labor        0.6 hours       $10 per hour    $6.00

Actual production units in March = 9,000

Actual materials and labor costs:

Actual results:

Purchase of materials, 24,000 pounds = $66,000

Production usage = 24,000 pounds

Total labor hours = 5,000

Total wage cost = $55,000

Particulars              Actual             Actual            Actual Cost

                            quantity             price               per unit

Direct materials 2.67 pounds   $2.79 per pound  $7.45

Direct labor        0.555 hours   $11 per hour          $6.11

Material price variance = (Standard price - Actual price) * Actual quantity

= ($7.50 - $7.45) * 9,000

= $450 F

Material quantity variance = (Standard Qty - Actual Qty) * Standard Price

= (23,750 - 24,000) * $3

= $750 U

Labor price variance = (Standard price - Actual price) * Actual hours

= ($6.00 - $6.11) * 5,000

= $550 U

Labor quantity variance =  (Standard Qty - Actual Qty) * Standard Price

= (5,700 - 5,000) * $10

= 700 * $10

= $7,000 F

5 0
3 years ago
Divided Furniture Inc. has 11,000 bonds outstanding with a market price of $104 per bond. The firm also has 35,000 preferred sha
mote1985 [20]

Answer:

Market Value of equity = Price of equity*Number of shares outstanding

Market Value of equity = 36*45000

Market Value of equity = 1620000

Market Value of Bond = Par value*bonds outstanding*%age of par

Market Value of Bond = 100*11000*1.04

Market Value of Bond = 1144000

Market Value of Bond of Preferred equity=Price*Number of shares outstanding

Market Value of Bond of Preferred equity=52*35000

Market Value of Bond of Preferred equity = 1820000

Market Value of firm = Market Value of Equity + Market Value of Bond+ Market Value of Preferred equity

Market Value of firm = 1620000+1144000+1820000

Market Value of firm = 4584000

Weight of equity = Market Value of Equity/Market Value of firm

Weight of equity = 1620000/4584000

Weight of equity = 0.3534

Weight of debt = Market Value of Bond/Market Value of firm

Weight of debt = 1144000/4584000

Weight of debt = 0.2496

Weight of preferred equity = Market Value of preferred equity/Market Value of firm

Weight of preferred equity = 1820000/4584000

Weight of preferred equity =0.397

Cost of equity

Price= Dividend in 1 year/(cost of equity - growth rate)

36 = 2.2/ (Cost of equity - 0.04)

Cost of equity% = 10.11

After tax cost of debt = cost of debt*(1-tax rate)

After tax cost of debt = 8*(1-0.4)

After tax cost of debt = 4.8

Cost of preferred equity

Cost of preferred equity = Preferred dividend/price*100

Cost of preferred equity = 2.2/(52)*100

Cost of preferred equity = 4.23

WACC = After tax cost of debt*W(D)+cost of equity*W(E)+Cost of preferred equity*W(PE)

WACC = 4.8*0.2496+10.11*0.3534+4.23*0.397

WACC = 6.45%

7 0
3 years ago
Gut Bombs sandwich shop pays 10 workers $2,500 a month and spends $5000 on food. Usually the shop sells 3,500 sandwiches per mon
MrRa [10]

Answer:

The average product for the 10 workers is 350 sandwiches per month.

Explanation:

Average product is given by total output divided by total labor used

Total output per month = 3500 sandwiches

Total labor used per month = 10 workers

Average product = 3500 ÷ 10 = 350

Average product for the 10 workers is 350 sandwiches/month

6 0
4 years ago
Identifying groups of consumers (e.g., age, gender, income, education) who differ in their purchase behavior is the basic idea b
nalin [4]

Answer:

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7 0
3 years ago
When supply is higher than demand, prices will?
Lelechka [254]

Answer: Prices will decrease

Explanation: Because of high supply, prices will decrease.

3 0
4 years ago
Read 2 more answers
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