Answer:
$9
Explanation:
Calculation for how much the common shares of FYZ are trading
First step is to find the conversion ratio
Using this formula
Conversion ratio =Market price of the convertible+Conversion price)/Conversion price
Let plug in the formula
Conversion ratio=$70/$10
Conversion ratio=7
Second step is to calculate for the Parity price of the common stock
Using this formula
Parity price=Market price of the convertible / conversion ratio
Let plug in the formula
Parity price=$70/7
Parity price=$10
Last step is to calculate how much the common shares of FYZ are trading
Using this formula
Common shares =Parity price-Common stock trading point
Let plug in the formula
Common shares =$10-1
Common shares=$9
Therefore the common shares of FYZ are trading at $9
Answer:
Journal 1 ;
Account Receivable - Cullumber Co. $ 492200 (debit), Revenue $ 492200
Journal 2;
Cost of Sales $325000 (debit) , Merchandise $325000
Journal 3
Discount Allowed $22900 (debit), Accounts Receivable - Cullumber Co $22900 (credit)
Journal 4
Bank or Cash $469300 (debit), Account Receivable - Cullumber Co (credit)
Explanation:
Journal 1
Revenue is being recognized on sale of Merchandise to Cullumber Co.Since this is not a credit transaction ( the merchandise was sold on credit 2/10, n/30), we recognize an Asset in the Account Receivable - Cullumber for future economic benefits expected to flow to Oriole.
Journal 2
Company uses perpetual inventory system. Which means cost of merchandise is recorded at each sale and not after a certain period (periodic).Thus cost of merchandise is matched to the revenue.Note that Merchandise Account is decreasing (Credit) while the Cost od Sale is increasing (Debit)
Journal 3
The Asset element in the Account Receivable - Cullumber is decreasing due to allowance granted to them.Therefore Culumber is credited.An expense account - Discount Allowed has been created to reflect a decrease in future economic benefit due to grant of the allowance.
Journal 4
The Recognition of Payment through Bank or Cash. Asset of Cash or Bank are increasing as a result of the payment while assets of Accounts Receivable are decreasing due to Cullumber Co. settling their debt. The settled amount is net of allowance granted to them $469300 (492200-22900)
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Answer:
decision support.
Explanation:
This describes the key business benefit of decision support. These are systems used to support a manager's determinations, judgments, and courses of actions within an organization or business. By providing up to date and valuable information, it provides managers with a way of validating which of the options that are available would be the best course of action in order to provide the organization with the best overall benefits.
In the context of a business where products and services are offered to customers, demand is created by the customers.
This is further explained below.
<h3>What are
customers?</h3>
Generally, In the context of a company that provides goods and services to consumers, the demand for such goods and services is generated by the customers themselves.
In conclusion, the Customer is the receiver of an item, service, product, or idea that was gained from a seller, vendor, or supplier through a financial transaction or exchange for money or some other valued consideration. The term "customer" is used in the contexts of sales, commerce, and economics.
Read more about customers
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