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Burka [1]
3 years ago
15

ABC Company has issued $20,000,000 of convertible bonds with a coupon of 5% and a current market value of 120. The conversion pr

ice is $40. If all the bonds are converted, how many additional shares of common stock will ABC have outstanding
Business
1 answer:
olchik [2.2K]3 years ago
8 0

Answer:

Explanation:

k

You might be interested in
A country produces only one good. It produced​ 5,000 units of the good during Year 1 and​ 6,000 units of the good in Year 2. The
Veseljchak [2.6K]

Answer:

.A) $1, 920,000

Explanation:

Gross domestic product is the sum of all final goods and services produced in an economy within a given period which is usually a year.

Nominal GDP is the GDP of country using current year prices

Nominal GDP = current year price × quantity

(6000 × 320) = $1,920,000

I hope my answer helps you

3 0
3 years ago
You have a small business that makes $50,000 accounting and economic profit for you. As a disabled person, you must work at home
kifflom [539]

Answer: This means: "d. Your economic profit has gone down and your accounting profit has stayed the same."

Explanation: The difference between the accounting and economic benefit is associated with the type of cost that each includes:

The accounting benefit is nothing more than the difference between income and cost.  In this case it is still $50000.

The economic benefit includes not only explicit costs. The economic benefit is the difference between income and total costs (explicit and implicit). Therefore, this benefit is less than the accounting benefit. Because in this case the cost of working at home is considered.

5 0
3 years ago
A​ monopolist's maximized rate of economic profits is ​$2 comma 700 per week. Its weekly output is 900 ​units, and at this outpu
LuckyWell [14K]

Answer:

Average total cost= $46

Marginal revenue= $33

Explanation:

In this instance the monopolist's total cost is the revenue from sale of one unit less the economic profits per unit

Economic profit per unit= 2,700/900

Economic profit per unit= $3

Average total cost= (Price per unit) - (Economic profit per unit)

Average total cost= 49 - 3= $46

For this instance marginal revenue is equal to marginal cost.

Marginal revenue= Marginal cost= $39

3 0
2 years ago
If bonds for Crayon Corporation, with a face value of $150,000, are converted into common stock when the carrying value of the b
Llana [10]

Answer:

(C) Bonds Payable for $150,000

Explanation:

the face value of the bonds will the value at which bonds payable account enter the accounting. Then, there is a discount which decrease the net value of the bonds:

Bonds Payable        150,000 credit

Discount on bonds   15,000  debit

When the bonds are converted, we will write-off these account against common stock and additional paid-in

To wirte-off the account we need to post them in the other side so we got:

Bonds payable debit 150,000 debit

       Discount on bonds         15,000 credit

      Common Stock                       xx credit

      Additional paid.in                    xx credit

These makes option C correct

5 0
3 years ago
The right to sell a good or service within an exclusive market is a _____.
dem82 [27]

Answer:

franchise

Explanation:

The right to sell a good or service within an exclusive market is a _____.

 

franchise

 

market power

 

license

 

patent

3 0
2 years ago
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