There are 5,000,000 shares of PDQ Corporation as of when they declared the rights offering. This means that every share will get a right to buy stock.

However, as only 1,000,000 shares are being offered per the 5,000,000 shares outstanding it means that one stock may be purchased for every 5 rights.

A customer who owns 500 shares will therefore get 500 rights.

However with one stock up for sale per 5 rights they will receive the opportunity to buy;

= 500/5

= 100 shares

5 0

3 years ago

The United States and France both produce sweaters and caps. Suppose that a US worker can produce 50 caps per hour or 1 sweater

Andrews [41]

Answer
B
Explanation

5 0

3 years ago

You're considering a project with an initial cost of $6400, what is the payback period for this project if the cash inflows are

Alinara [238K]

Cost : 6400

900 + 1,350 = 2,250

2,250 + 500 = 2,750

2,750 + 1,350 = 4,100

4,100 + 2,800 = 6900

So there’s more than 6,400 dollars

7 0

3 years ago

A ____ is a document from a bank guaranteeing that a seller will receive payment in full as long as certain delivery conditions

Katen [24]

Answer:

Letter of Credit is the correct answer.

Explanation:

7 0

3 years ago