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Tasya [4]
3 years ago
14

"A high-ranking officer of ABC Corporation owns 10,000 shares of ABC Corporation control stock that she wishes to sell under the

provisions of Rule 144. The company has 900,000 shares outstanding. The average weekly trading volume over the preceding 4 weeks was 3,000 shares. The maximum permitted sale under Rule 144 is:"
Business
1 answer:
LuckyWell [14K]3 years ago
3 0

Answer: $9,000

Explanation:

Rule 144 is a regulation that governs the trading of restricted, unregistered, and control securities and is enforceable by the SEC.

Under the rule, the person, as an officer of the ABC Corporation is limited to selling the higher of 1% of the Outstanding stock the company has or the average weekly trading volume over the preceding 4 weeks.

1% of the outstanding 900,000 shares is;

= 1% * 900,000

= 9,000 shares

This is higher than the average weekly trading volume over the preceding 4 weeks so this is the maximum permitted sales figure.

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On September 1, Sky Mountain Co. borrowed $54,000 on a 6%, 9-month note payable to Coast National Bank. Given no previous adjust
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Answer:

Sky Mountain's adjusting entry four months later at December 31 would include:

Debit Interest expense $1,080

Credit  Interest Payable $1,080

Explanation:

Sky Mountain Co. borrowed $54,000 on a 6% note payable to Coast National Bank.

The amount of interest for 1 year = $54,000 x 6% = $3,240

The amount of interest for 1 month = $3,240/12 = $270

From September 1 to December 31, in Sky Mountain Co.

The amount of interest expense =  $270 x 4 = $1,080

Sky Mountain's adjusting entry at December 31:

Debit Interest expense $1,080

Credit  Interest Payable $1,080

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A company had been selling its product for $20 per unit, but recently lowered the selling price to $15 per unit. The company's c
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Answer:

$2,600

Explanation:

As we know that the inventory should be recorded at a cost or market value which ever is lower

In the given case,

The cost is

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Answer: (C) Relationship marketing

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Answer:

Economics forces are the factors which consumer willingness and ability to buy goods and services.eg. interest rate, employment,income ,prices,consumer confidence. let us discuss factors one by one

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INCOME: Income is most important factore to determine consumer purchasing decisions. if your income is high then consumer is ready to spend on everything and vice a versa will happen if income is low.

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5 0
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