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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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Copland submitted a piece for radio broadcast on cbs radio. it eventually became titled:
Dima020 [189]
The answer is that it eventually became titled as Prairie Journal.
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3 years ago
When the company is hosting an event, managers should assign event preparations to a ________. Preparations include trucking in
zimovet [89]

Answer:

The correct word for the blank space is:  cross-functional team.

Explanation:

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8 0
2 years ago
Youngstown Rubber reports the following data for its first year of operation. Direct materials used $710,200 Direct Labor 350,00
ser-zykov [4K]

Answer:

$1,160,300

Explanation:

Total Manufacturing Costs are all costs related to the production of goods to be sold. This consists of direct costs such as labor and material and other indirect costs such as electricity and rentals.

<u>Calculation  of total manufacturing costs :</u>

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Add Closing Work In Process           130,000

Less Beginning Work In Process                 0

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6 0
3 years ago
Beginning inventory Merchandise $302,000 Finished goods $604,000 Cost of purchases 420,000 Cost of goods manufactured 760,000 En
trapecia [35]

Answer:

A. $520,000

B. $1,168,000

Explanation:

Computation to determine the cost of goods sold for each of these two companies for the year ended December 31, 2017.

a. UNIMART Partial income statement

For the year ended December 31,2017

COST OF GOODS SOLD

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Cost of purchase $420,000

Goods available for sale $722,000

Less; Ending merchandise inventory ($202,000)

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b) PRECISION Manufacturing

Partial income statement

For the year ended December 31,2017

COST OF GOODS SOLD

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Cost of manufactured $760,000

Goods available for sale $1,364,000

Less; Ending finished goods inventory ($196,000)

Cost of goods sold $1,168,000

Therefore the cost of goods sold for each of these two companies for the year ended December 31, 2017 will be:

Unimart $520,000

Precision $1,168,000

7 0
3 years ago
A(n) ___________ distribution strategy distributes a product through only a preferred group of retailers in a given area. intens
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The answer is selective distribution strategy. This type of distribution strategy focuses more on the products that are distributed are to be given to only specific areas and are only selected by the company or the distributor in which is in lined with the statement given above.

6 0
3 years ago
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