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Nana76 [90]
3 years ago
13

The common stock of Southern Airlines currently sells for $33, and its 8% convertible debentures (issued at par, or $1,000) sell

for $850. Each debenture can be converted into 25 shares of common stock at any time before 2025. What is the conversion value of the bond?
Business
1 answer:
JulijaS [17]3 years ago
6 0

Answer: $825

Explanation:

Convertible bonds or debentures can be converted into stock in a company by the holders.

The Conversion Value of the bond is given by;

Conversion Value of the Bond = Stock Price * Conversion Ratio

Conversion Ratio = 25 shares for one debenture.

= 25/1

= 25

Conversion Value of the Bond = Stock Price * Conversion Ratio

= 33 * 25

= $825

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Sunland Company has the following account balances: Sales Revenue $226,700, Sales Discounts $4,410, Cost of Goods Sold $129,600,
Kaylis [27]

Answer and Explanation:

The Journal entry is shown below:-

1. Sales revenue Dr,  $226,700

        To Income revenue $226,700

(Being close accounts with credit income balances is recorded)

2. Income revenue Dr, $134,010

         To Sales discount $4,410

         To Cost of goods sold $129,600

(Being close accounts with debit expenses account is recorded)

8 0
3 years ago
Assume that the current price of a market basket of goods is $2,500 and the base year price of the same market basket is $2,000.
ioda

Answer:

The correct answer is B.

Explanation:

Giving the following information:

The current price of a market basket of goods is $2,500 and the base year price of the same market basket is $2,000.

To calculate the price index we need to make a simple division:

Price index= P1/P0

PI= 2,500/2,000= 1.25*100= 125%

3 0
3 years ago
A decline in the Index of Supplier Deliveries is typically an indicator of a future _____ in economic production, and a narrowin
Umnica [9.8K]

Answer:

D. slowdown; slowdown

Explanation:

Based on the scenario been described in the question, a decline in the index of supplier deliveries will definitely slowdown economic production because it will lead to delay in delivery and also it is an indicator that future production will be slow. Also, the narrowing of the interest rate spread between 10years treasury note the three months bill is clearly an indicator that future economic production will be slow

4 0
3 years ago
A+b-c =170 B+c-A= 130 <br>solve​
balu736 [363]

The correct answer is A = 110, B= 40, C=20..

<u>Explanation</u>

If A+B-C= 170 and B+C-A=130 ,  

=C+A = 130

or, C= 130- A

Again, A+B-C =170

or, A+B =170+C

A+B = 170+130-A ( c=130-A)

A+B = 300-A

2A+B = 300

A+B= 300/2

A+B = 150

A+B-C= 170

A+B = 170+C

150 = 170 +C ( A+B = 150)

or, C = 20..............................(1.)

A+C =130

or,A+ 20= 130 ( A=110).....................(2)

A+B = 150

110+B= 150

B = 150-110

B= 40..........................................(3)

Therefore, A = 110, B= 40, C=20..

8 0
3 years ago
In Mesopotamia, the ownership of property and the specialization of trades and crafts made visual identification necessary. Imag
marin [14]

Answer:

Cylinder seals

Explanation:

The human species originated in Africa around 300,000 years ago, but the first civilization that modern archaeologists have discovered was located in Sumer, Mesopotamia, around 10,000 BC.

Mesopotamians invented agriculture, writing, art, culture and trade. One of the ways to control goods produced and traded was to trademark them with cylinder seals specially to mark items on clay. They used clay a lot, for writing, pottery and construction.  

5 0
3 years ago
Read 2 more answers
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