1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
tekilochka [14]
3 years ago
15

The conversion price of CRX’s convertible ($1,000 par) subordinated debentures is $40 and the present market price of CRX common

stock is $48. Determine the present conversion value of the convertible issue.
Business
1 answer:
Tom [10]3 years ago
5 0

Answer:

$1,200

Explanation:

For this question, we use the unitary method that is shown below:

Given that

Conversion price = $1,000 par

And, the subordinated debentures is $40

And the present market price is $48

So, the present conversion value is

= Conversion price ×  the present market price ÷ the subordinated debentures

= $1,000 × $48 ÷ $40

= $1,200

 

You might be interested in
Why might the current and quick ratios for the electric utility and the​ fast-food stock be so much lower than the same ratios f
yulyashka [42]

Current ratio is a comparison of current assets to current liabilities, calculated by dividing your current assets by your current liabilities.

The quick ratio compares the total amount of cash + marketable securities + accounts receivable to the amount of current liabilities.

A. Inventory would be a factor in both of these ration (assets). In both of these industries, inventory would be low. You cannot readily stockpile energy and burgers are perishable items.

B. It is true that both of these industries would have low outstanding accounts receivable because people will need their power to survive and fast food places don't offer credit.

C. These two industries deal with cash mainly. Cash doesn't have to be physical currency, but accounts that can easily be paid.

D. Low current and quick ratios are actually signs of good management not poor management.

All of the above are correct EXCEPT answer D.

6 0
3 years ago
When the economy is in short-run equilibrium, Group of answer choices there are increases in inventory. people want to buy more
deff fn [24]

Answer:

total expenditures equal total production.

Explanation:

In the case when the economy is in the short-run equilibrium that means the total expenditures should be equivalent to the total production. In other words, we can say that the expenditure that can be incurred should be equal to the production

Hence, the last option is correct

7 0
3 years ago
Sustainability, health and wellness, and how to more efficiently utilize and distribute food are all considered political trends
Delicious77 [7]

It is a false statement that sustainability, health wellness and distribution of food are all considered political trend.

<h3>What is a political trend?</h3>

These are trends that influenced consumer views and behavior with the new arount the world of politics that always keep viewer interests.

Fir insatance, the trends about Russian war is an example of political trend because it is strictly on politics.

Therefore, It is a false statement that sustainability, health wellness and distribution of food are all considered political trend.

Read more about political trend

<em>brainly.com/question/24811191</em>

8 0
1 year ago
A couple thinking about retirement decide to put aside $2,100 each year in a savings plan that earns 7% interest. In 10 years th
Marina86 [1]

Answer:

310,588.5

Explanation:

As is not said we can assume the 2,100 each year to be paid at the end of the year, and the 7% to be used as a compunded anually rate. So let´s first think just about the 2,100, as they are regulary payments, they can be seen as an anuity inmediate, the formula is as follows:

s_{n}=p*\frac{(1+i)^{n}-1 }{i}

where sn is the future value of the regular payments, i is the interest rate and n is the number of payments and p is the amount of regular payment so in this particular case we have:

s_{n}=2,100*\frac{(1+0.07)^{30}-1 }{0.07}

s_{n}==198,367.65

So now let´s think on the gift of 29,000 as it is paid on 10 years, there will remain 20 years with an investment rate of 7% compounded anually. so there we have the classic formula of future value

FV=VP*(1+i)^{n}

where FV is the future value, PV is the present value, i is the interest rate per period, and n is the number of periods. Again in this particular case we have:

FV=29,000*(1+0.07)^{20}

FV=112,220.85

so the total amont will be:

total=198,367.65+112,220.85

total=310,588.5

8 0
3 years ago
Suppose an economy has two industries producing corn (c) and tractor (t). The production functions for the two industries are.
8090 [49]
I need to answer more questions to pm so i’m doing this
4 0
3 years ago
Read 2 more answers
Other questions:
  • 2 a food pyramid consists of 10 million calories' worth of diatoms. how much of this is passed on to third level consumers, such
    13·1 answer
  • ​michelle's business produces ceramic cups using​ labor, clay, and a kiln. she produces cups using a fixed proportion of labor a
    9·1 answer
  • The Denver Broncos hold a big pre-season football ticket blitz and sell $2.4 million worth of tickets for cash for the upcoming
    14·2 answers
  • Poulter Corporation will pay a dividend of $3.25 per share next year. The company pledges to increase its dividend by 5.1 percen
    13·1 answer
  • Support Department Allocations The centralized computer technology department of Hardy Company has expenses of $327,000. The dep
    13·1 answer
  • You write one JNJ February 70 put for a premium of $5. Ignoring transactions costs, what is the break-even price of this positio
    11·1 answer
  • The ________ is the fraction of earnings reinvested in the firm.
    14·1 answer
  • The stock of North American Dandruff Company is currently selling at $80 per share. The firm pays a dividend of $2.50 per share.
    15·1 answer
  • A manager needs to assign her team to work on different types of programs in the community. Any team can work on any of the prog
    5·1 answer
  • How do companies effectively go global?
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!