Answer:
Sale of plant assets. If the company<u> sales an equipment it will receive cash </u>for it. We are not given with any information of this transaction not being in cash, so we should assume it was a sale in cash or cash equivalent.
Explanation:
<u>Conversion of bonds into common stock.</u> The bonds, which are outstanding and represent a promise to pay, are converted into common stock, this transaction doesn't involve cash.
<u>Issuance of common stock to purchase land. </u>The land is acquire in exchange of common stock, the company is not using cash. the owner of the land can later sold the stock to a third party but it won't affect the cash flow of the company.
<u>Issuance of debt to purchase equipment </u>Like singing a note to purchase a machine, no cash is involve.
The corridor is the vertical section of the supply curve of reserves in the federal fund market.
Answer:
3. No, due to unilateral mistake
Explanation:
Lacey and Cagney both had agreed to wok for 30 hours per week and the agreement is in written format since it is enforceable. Both of them are sharing 50% profits so both will have to share the duties equally. When Lacey makes an excuse and is working for 20 hours per week only Cagney can sues her and she is in a probability to win against her. Lacey should have informed Cagney about the vacation from school scenario before signing the contract.
Answer:
The price/book ratio is 2.45
This price/book ratio indicates that the Chang, Inc company has 2.45 higher market value of the stock than the book value of the equity
Explanation:
For computing the price/book ratio, we have to apply the formula which is shown below:
= Market price of equity ÷ book value of equity
where,
the market value of equity = firm's earnings per share × price/earnings ratio × number of outstanding common stock shares
= $3.00 × 12.25 × 50,000 shares
= $1,837,500
And, the book value of equity is $750,500
Now put these values to the above formula
So, the answer would be equal to
= $1,837,500 ÷ $750,500
= 2.45
This price/book ratio indicates that the Chang, Inc company has 2.45 higher market value of the stock than the book value of the equity
