1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
hram777 [196]
3 years ago
13

A corporation has outstanding $5,000,000 of 9 1/2% 20-year debentures, with a conversion price of $40. If all the debentures wer

e converted, how many shares of common stock would be issued?
Business
1 answer:
Fiesta28 [93]3 years ago
8 0

Answer:

The 125,000 shares of common stock would be issued

Explanation:

For computing how many shares of common stock would be issued, we have to use the formula of common share produced which is shown below:

Common share produced = Par value ÷ Conversion price

where,

Par value is $5,000,000

And, the conversion is $40

Now, apply these values to the above formula

So, the value would be equals to

= $5,000,000 ÷ $40

= 125,000

The time period and rate of debentures is irrelevant, Thus, it is ignored.

Hence, the 125,000 shares of common stock would be issued.

You might be interested in
Why would a Roth 401(k) investment plan allow you to invest the most amount of money?
ycow [4]

Answer:

401k

Explanation:

investment plan allow you to invest the most amount of money? ... A Roth 401(k) plan takes money after tax has been removed from gross income, and has a contribution limit, but withdrawal is tax free. A Roth Individual Retirement Account allows you to draw a fixed amount that is not taxed.

3 0
3 years ago
What problems has russia experienced in switching from a state-controlled to a free market economy?
Papessa [141]

Answer: Russia experience sever economic crisis

Explanation:

A free market system is one in which the cost and availability of products is determined by the forces of demand and supply. There is no or negligible government intervention in the functioning of the economy. When Russia transformed from being a state controlled system to a market oriented system, it lead to enormous corruption and economic crisis.

8 0
3 years ago
When a restaurant prices pizza at $10 per slice they sell 100 slices in a night. If they sell pizza for $5 per slice, they sell
Helga [31]

slope of this demand curve for pizza = <u>-1/40</u>

<h3>Briefly explained</h3>

Slope = changes in y/ changes in x

The shop sells 200 more pizzas if the price drops by $5 ($10 to $5). (100 to 300 pizzas) A good's quantity is always on the x-axis and its price is always on the y-axis. According to our justification, the cost is REDUCED by $5 (a reduction of -$5) and the quantity of pizzas sold rises by 200. The slope is therefore <u>-5/200 or -1/40.</u>

<h3>What is demand curve?</h3>

The demand curve is a graphical depiction of the connection between the cost of a commodity or service and the quantity required over a specific time period.

The price will often be shown on the left vertical axis in a representation, and the amount needed will typically be shown on the horizontal axis.

Learn more about demand curve

brainly.com/question/1139186

#SPJ4

5 0
2 years ago
Craigmont uses the allowance method to account for uncollectible accounts. its year-end unadjusted trial balance shows accounts
marshall27 [118]
<span>$104,500 * 0.04 = $4,180 - $665 = $3,515</span>
3 0
3 years ago
Which of the following statements is​ correct?
vladimir2022 [97]

Answer:

C. Governments have a difficult time​ fine-tuning the economy by using fiscal policy because there are several time lags and these are often variable.

Explanation:

Fiscal policy includes two important tools, one is taxation and the other is government spending, the balance of which is essential for the sustainable economy, however the collection of expected tax and the nature of spending (also include the priorities) takes time and certain variable factors e.g. economic growth (GDP), employment, inflation, etc makes it difficult for the government to fine tune the economy.

8 0
3 years ago
Other questions:
  • Dimitri has several apple trees in his yard, and apples are a perfectly competitive market with a price of $2 per pound. if dimi
    11·1 answer
  • After exporting, the next level of commitment a firm can make to a foreign market is a contractual agreement. two of the most co
    8·2 answers
  • The purchase of raw materials on account in a process costing system is recorded with a:A. Debit to Purchases and credit to Cash
    8·1 answer
  • The following income statements were drawn from the annual report of The Western Sales Company. Year 2 Year 1 Sales 40,000 40,00
    7·1 answer
  • All of the following are forms of cognitive bias except:_____.
    14·1 answer
  • Everett just finished building a website for his bus-touring company using the Google My Business website builder. He followed t
    10·1 answer
  • Trestone, a guitar manufacturing company, produces a thousand units of electric guitars each year. The company has been able to
    10·2 answers
  • Rachel is on her way to an interview for the position of a project manager. She is trying to prepare for this interview by analy
    12·1 answer
  • ________ relates to the distribution of resources across society.
    11·1 answer
  • If you don't own a home or a car, your liability is
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!