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2 years ago

What is the difference between a savings account and a certificate of deposit?

1 answer:

6 0

A savings account you can redraw from, while a certificate of deposite has to be left alone for a certain while, and it ussually gains more interest.

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New Labs just announced that it has received a patent for a product that will eliminate all flu viruses. This news is totally un

bagirrra123 [75]

Answer:

The best answer is "C"

The price of New Labs stock increases rapidly to a higher price and then remains at that price.

Explanation:

This is a major ground breaking achievement. Haven received a patent for a product that will eliminate all flu viruses, the company gains Monopoly for the product since it was unexpected.

4 0

2 years ago

Prahm Corp. wants to raise $5.3 million via a rights offering. The company currently has 590,000 shares of common stock outstand

lawyer [7]

Answer:

Proceeds from sale of rights will be $49407.62

Explanation:

Proceeds from the sale of rights

=> Net Proceeds per share = Subscription price per share x (1 – Spread)

= $27 × (1 – 0.06)

= $25.38 per share

=> New shares offered = money raised/net proceeds per share

= 5300000/25.38 = 208826 Shares

=> Number of rights needed = current shares/New share offered

= 590000/208826 = 2.82532

=> The Ex-rights stock price will be

Ex-rights stock price = ((Number of rights needed × selling price per share) + Subscription price) + (Number of rights needed + 1)

= ((2.82532 × 54) + $27 per share) / (2.82532 + 1) = $46.94177 per share

So, the value of a right = Selling price per share - Ex-rights stock price

= $54 - $46.94177

= $7.05823 per share

Therefore, proceeds from selling the rights will be

= Number of shares × value of a right

= 7000 × 7.05823

= $49407.62

Proceeds from sale of rights will be $49407.62

5 0

3 years ago

Canada Company had the following operating data for the year for its computer division: sales, $650,000; contribution margin, $1

kogti [31]

Answer:

Controllable margin for the year = $40,000

Explanation:

Given:

Sales = $650,000

Contribution margin = $140,000

Total fixed costs (controllable) = $100,000

Average total operating assets = $280,000

Controllable margin for the year = ?

Computation of Controllable margin for the year :

Controllable margin for the year = Contribution margin - Total fixed costs (controllable)

Controllable margin for the year = $140,000 - $100,000

Controllable margin for the year = $40,000

5 0

3 years ago

Antivirus Inc. expects its sales next year to be $2,500,000. Inventory and accounts receivable will increase $480,000 to accommo

grin007 [14]

Answer:

$236,250

Explanation:

Next year sales = $2,500,000

Profit margin = 15% = Net profit/$2,500,000

Net profit = 15% × $2,500,000 = $375,000

Dividend = $375,000 × 35% = $131,250

Retained earning = $375,000 - $131,250 = $243,750

Asset increase = $480,000

External finance needed = Asset increase - Retained earning = $480,000 - $243,750 = $236,250

Therefore, the firm will have to seek $236,250 external financing.

6 0

2 years ago

The characteristics of a strong culture company include:A. deeply-rooted values and operating approaches that "regulate" the con

ki77a [65]

Answer:

A. deeply-rooted values and operating approaches that "regulate" the conduct of a company's business and the climate of its workplace.

B. strong managerial commitment to display company values and principles in their own actions and behavior.

C. dedicated efforts on the part of management to communicating values and business principles to organization members and explaining how they relate to the company's business environment.

D. ingrained shared values and business principles guide management in making decisions.

Explanation:

All corporate organizations, big or small, has a culture. It is defined by it. Corporate culture gives identity to every organization. To be more precise: it is what gives a company its personality. Include Values,managerial commitment, comunicate values and bussines principles.

4 0

2 years ago