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Klio2033 [76]
3 years ago
14

Becky purchases one percent of Lakeside Ventures' (LV) preferred shares of stock in a private offering. Outside of the purchase,

Becky has no other connection to the company. The terms of the purchase agreement do not state any resale restrictions, and LV is not required to make any periodic filings under the Securities and Exchange Act of 1934. Less than a year later, Becky wants to sell the stock without registration. How would you advise Becky
Business
1 answer:
nata0808 [166]3 years ago
7 0

Answer:

Advise her to register the shares before selling them.

Explanation:

The Securities and Exchange Act of 1934 was formed to govern secondary market activities relating to sale and purchase of shares. Its main aim is to improve transparency and to avoid fraud. This results in greater investor confidence.

All companies that are listed on the stock exchange must abide by the requirements of the Securities and Exchange Act of 1934.

These requirements include: registration of listed securities, disclosure, proxy solicitations, along with margin and audit requirements.

So in this scenario if Becky wants to sell her preferred shares in Lakeside Ventures, she will need to register the shares according to requirement of Securities and Exchange Act of 1934.

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Sunland Company reported the following information for the month of April: Units Work in Process Beginning inventory, April 1 8,
coldgirl [10]

Answer:

50,900 units

Explanation:

a. The computation of the units were transferred out of Work in Process Inventory is shown below:

= Beginning inventory of work in process units  + added to the production units - ending inventory of work in process units

= 8,100 units + 47,600 units - 4,800 units

= 50,900 units

Basically we added the production units and deduct the  ending inventory of work in process units to the Beginning inventory of work in process units so that the transferred out units could come

7 0
3 years ago
Taxicab fares in most cities are regulated. Several years ago taxicab drivers in Boston obtained permission to raise their feres
Scorpion4ik [409]

Solution:

Let's start by assuming that the taxi ride demand is extremely elastic, to the extent that it is vertically sluggish! If the cabbies raise the fair price by 10% from 10.00 per mile to 11.00 per kilometre, the number of riders remains 20.

Total income before fair growth= 20* 10= 200.

Total income following fair growth = 11* 20= 220.

A 10% increase in the fare therefore leads to a 10% increase in the driver's revenue.

Therefore, the assumption in this situation is that the cab drivers think the taxi driving requirement is highly inelastic.

The demand curve facing the drivers of the cab is still inelastic, but not vertically bent.

When the rate increased from 10% to 11, riders declined from 20% to 19%

Total revenue before fair growth is 20* 10= 200

The gap between revenue and fair growth is 19* 11= 209

This means that a realistic 10% raise doesn't result in a 10% boost on income Because the market curve for taxi rides is not 100% inelastic, but rather low inelastic, so that a fair increase (control) allows consumers to lose their incomes.

7 0
3 years ago
Dr. Ricci gave two examples of excellence in guest service from which organizations?
e-lub [12.9K]
The government and the authority’s
4 0
3 years ago
Read 2 more answers
Common stocks have less security than ______________ stock, but it also has greater potential for reward.
Yuri [45]

Your answer is, Preferred.

<h3><u>What is a Preferred Stock</u></h3>

Preferred stock is a component of share capital that may have any combination of features not possessed by common stock, including properties of both an equity and a debt instrument, and is generally considered a hybrid instrument.

<h3><u>Impact of a Preferred Stock</u></h3>

Companies that offer preferred shares instead of issuing bonds can accomplish a lower debt-to-equity ratio. That allows them to gain significantly more future financing from new investors. A company's debt-to-equity ratio is one of the most common metrics used to analyze the financial stability of a business.

<h3><u>The 5 types of Preferred Stock</u></h3>
  • cumulative
  • participating
  • convertible
  • callable
  • adjustable-rate

Thus, <u>option c</u> is your answer.

Learn more about a Preferred Stock here: brainly.com/question/18068539

6 0
2 years ago
Assume that a $1,000,000 par value, semiannual coupon U.S. Treasury note with two years to maturity has a coupon rate of 6%. The
velikii [3]

Answer:

Value of treasury note = 738000

Explanation:

Value of treasury note = Interest * PVAF(9.9%,5Years) + Maturity Value * PVF(9.9%,5year)

= 30000 * 3.800 + 1000000 * 0.624

= 738000

3 0
2 years ago
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