On November 23rd, an officer of MNO Corporation wishes to sell stock under Rule 144. MNO has 50,000,000 shares outstanding. The previous weeks' trading volumes are:
Week Ending Volume
Nov 21 : 500,000 shares
Nov 14 : 525,000 shares
Nov 7 : 485,000 shares
Oct 31 : 450,000 shares
Oct 24 : 400,000 shares
If the Form 144 is filed today, the maximum sale is:
Answer:
500,000 shares
Explanation:
Given that: according to rule 144, which enables the sale of the greater of 1% of the outstanding shares or the weekly average of the preceding 4 weeks trading volume every 90 days.
Then, we have 1% of 50,000,000 shares = 500,000 shares. The last 4 weeks' trading volumes are:
500,000 shares
525,000 shares
485,000 shares
450,000 shares
1,960,000 shares / 4 weeks = 490,000 share average
Therefore, the greater amount is 1% of outstanding shares, which is 500,000 shares.
When a company acts in an ethically questionable manner, the following problems are caused for the organization and it’s customers:
- customer dissatisfaction - decreased purchases from organization, the customers won't trust the company, causing a loss in sales.
- a blemished name and reputation, so the organization will have to work on improving its image again.
- decreased earnings due to negative customer views or fines imposed.
Answer: Recognition from the class of persons that patronize their product
Explanation:
Linkedln is a site that attracts professionals from different field of study who network amongst themselves, educate each other, share information and jobs for the benefit of others in the same field.
Advertisers might be interested in this group because their target audience are mostly found there. A large mass of individuals use social media now and when many of these professionals want information or persons who can take up roles in openings in their firms they come to linkedln
I would recommend a savings account
Answer:
Check the following explanation
Explanation:
a) Goods available for sale = Beginning Inventory + Net Purchases
13500 + 17500 = 31000
Cost of goods sold = Goods available for sale - Ending Inventory
31000 - 8100 = 22900
Gross Profit = Net Sales - Cost of goods sold
26500 - 22900 = 3600
b) Net Income for Krug Service Company = Revenues - Expenses
= 31000 - 10500
= 20500
Net Income for Kleiner Merchandising Company = Gross Profit (Computed Above) - Expenses
= 3600 - 2300
= 1300