Answer: common stockholders
Explanation: Stockholders are in essence the owners of a business. The difference between common stockholders and preferred stockholders when it comes to deciding the fate of the company is that preferred stockholders do not have voting rights while common stockholders do. So, common stockholders elect the board of directors.
Bondholders do not have any say in the running of a business, whatsoever.
The bond can be called at par in one year or anytime thereafter on a coupon payment date. Ithas a price of $97 per $100 face value
<h3>What is
bond?</h3>
A bond is a type of financial security in which the issuer owes the holder a debt and is obligated to repay the principal of the bond as well as interest over a specified period of time, depending on the terms. Interest is usually paid at regular intervals.
Bonds are one way for businesses to raise funds. A bond is a loan made between an investor and a corporation. The investor agrees to give the corporation a specific sum of money for a set period of time. In exchange, the investor receives interest payments on a regular basis.
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Answer:
Option C Electricity used to run its factories
Explanation:
The reason is that the direct costs are those that are easily attributable to the unit product and the costs that are not directly attributable to the unit product are indirect cost.
So here the salary paid to workers are directly attributable cost because the time taken to produce one unit in modern industry is fixed and determinable so the wage per unit is also fixed. It means it is a direct cost.
The leather used for a unit product of shoe is also determinable and fixed the product and its costs as well. This means we can easily allocate the cost to the unit shoe so it is also direct cost.
Likewise the cost of machines per unit in modern day industries is also determinable. If the machine life is 100,000 units and its price is $200,000 then the cost attributable to unit product of shoe is $2 per unit.
The electricity cost is not attributable to unit product of shoe as this electricity is used for other operations in the factory and this throws cat among the piegons because it is difficult to find how much a product utilizes electricity because their are number of different product produced in the factory and each utilizes electricity differently. So it is not directly attributable and is an indirect cost.
Answer:
Partial depreciation expense, from October 30 to December 31=$1,000
Explanation:
The depreciation base can be expressed;
depreciation base=purchase cost-salvage value
where;
purchase cost=$26,000
salvage value=$2,000
replacing;
depreciation base=26,000-2,000=$24,000
depreciation base=$24,000
annual depreciation expense=depreciation base/useful life
where;
depreciation base=$24,000
useful life=4 years
replacing;
annual depreciation expense=24,000/4=$6,000
Partial depreciation expense, from October 30 to December 31=2 months
Partial depreciation expense=(2/12)×6,000=$1,000
Answer:
1.Parties [Identify the plaintiff and the defendant] - The plaintiff is Henry Keller of H.K.Enterprises and the defendant is Bank of Nigeria and Nigerian individuals Central Bank of Nigeria, Paul Ogwuma, ?Alhaji Rasheed, Alhaji M.A. Sadiq.
2.Facts [Summarize only those facts critical to the outcome of the case] - The case was filed by Keller against the defendants in United States. The case was filed under Racketeer Influenced and Corrupt Organizations Act (“RICO”) as the plaintiff found himself a victim of fraud and financial scam.The scam occured when one of the defendants approached the plaintiff who was the sales representative of medical equipments for granting him the distribution rights for Nigeria. The expected amount of money was not transferred in the account of plaintiff inspite of his attempts of meeting the requirements of the defendants. The defendants acted on the behalf of Central Bank of Nigeria and as Nigerian individuals.
3.Procedure [Who brought the appeal? What was the outcome in the lower court(s)?] - The appeal was filed by the defendants Central Bank of Nigeria,?Paul Ogwuma, Alhaji Rasheed, Alhaji M.A. Sadiq. The lower court gave the decision that the claims of fraud and misrepresentation do not hold against the defendants as the plaintiff entered into an arrangement with them which is not legal and as per the rules. However the lower court ruled that immunity cannot be given under FSIA to the defendants as the commercial activity is an exception and claims for violation of RICO are applicable on them.
4. Issue [Note the central question or questions on which the case turns] - The case turns on the appeal of defendants to be granted immunity under Foreign Sovereign Immunities Act. The ruling indicated that the defendants have sovereign authority. Also, the commercial activity clause did not apply in this case as the activity was not done in United States and did not meet the legal standards of a commercial activity.
5.Explain the applicable law(s). - Applicable laws are Common law fraud, violations of RICO(Rackteer Influenced and Corrupt Organizations Act), Misrepresentation.
6.Holding [How did the court resolve the issue(s)? Who won?] - The court resolved the issue by giving a decision in the favor of defendants by ruling that immunity is given to Foreign nationals under FSIA and dismissed any claims filed against them under RICO.
7.Reasoning [Explain the logic that supported the court's decision] - The logic supporting the court's decision is that the arrangement between the plaintiff and defendants including the signed contract was not as per the laws and rules and was not legally compliant. Moreover the commercial activity was out of bounds for United states so the exception to FISA is not applicable. The defendants claimed that they did not enter into the contract with the plaintiff.
Explanation:
