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Llana [10]
3 years ago
5

An investor owns 60 shares of common stock of a company issuing new shares in a rights offering. The stock trades at $12 per sha

re. The company requires that investors must submit 9 rights plus $10 to purchase a new share of stock. Fractional shares automatically become whole shares. How many additional shares may the investor purchase and what is the amount of money that needs to be paid for the new shares
Business
1 answer:
Mkey [24]3 years ago
4 0

Answer:

7 shares and $70

Explanation:

The computation is shown below:

The additional shares is

= 60 shares ÷ 9

= 7 shares

And, the amount  of money that have to be paid is

= Additional shares × purchase price

= 7 × $10

= $70

Therefore the same would be considered relevant

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The definition of internal control developed by the Committee of Sponsoring Organizations (COSO) includes controls related to th
Lina20 [59]

Answer:

A. Compliance with applicable laws and regulations.

Explanation:

The definition of internal control developed by the Committee of Sponsoring Organizations (COSO) includes controls related to the reliability of internal and external reporting, the effectiveness and efficiency of operations, and Compliance with applicable laws and regulations.

7 0
3 years ago
Skysong, Inc. compiled the following financial information as of December 31, 2022:
kifflom [539]

Answer:

$459,000

Explanation:

The computation of the ending retained earning balance is shown below:

Ending retained earning balance is

= Opening retained earning balance + net income - dividend

where

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Now the ending retained earnings balance is

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3 0
3 years ago
Which of the following has the elements of the supply chain in the correct order?
irina1246 [14]

I believe the answer would be C because first we gather materials like cotton strings ect, then we produce it and make something out of cotton and strings ect, and then we distribute it to retail to get sold and earn money. Hope this helps!

6 0
3 years ago
At first Rohan thought it was a good idea to offer a car repair pick-up service at his auto repair shop, but then he realized th
mestny [16]

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The rareness/rarity begs to question if the resource used in business are in the hands of a few.

In this question, Rohan was looking to expand his business by adding a pick-up service but by asking the rareness question, he discovered that the competitive advantage is in the hands of another business Tow-It-Now Inc.

7 0
4 years ago
A formal way to ensure customer requirements are factored into the product and service development process is:
enyata [817]
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4 years ago
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