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ioda
2 years ago
10

In the registration statement filed with the SEC, DrugsUSA stated that it had three different medicines approved by the Food and

Drug Administration (FDA). In reality, DrugsUSA had filed applications for approval with the FDA that were still pending. The SEC approved the sale of DrugsUSA stock, and Marilyn purchased $100,000 worth of stock. Two months later, all three of DrugsUSA's applications were denied by the FDA. The stock price plummeted, reducing the value of Marilyn's shares to a total of $2,000. What, if anything, can Marilyn recover
Business
1 answer:
Dafna11 [192]2 years ago
3 0

Answer:

In the given case, the default is done by the FDA and not the producing company, hence, the company in loss is eligible for the loss they have occurred. As per the laws in United states, any entity losing any profits or incurring any loss due to actions of some government entity will be eligible to that extent of loss or reduce in value.  Therefore, Marilyn is eligible to recover the loss in value, that is $98000, from food and drug administration.

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The Esposito Import Company had 1 million shares of common stock outstanding during 2021. Its income statement reported the foll
borishaifa [10]

Answer:

Explanation:

The preparation of the 2021 EPS presentation for the Esposito Import Company is shown below:

Income from continuing operations                           $7 million

Less: Loss from discontinued operations                  ($1.4 million)

Net income                                                   $5.6 million

Now the earning per share would be

Earning per share = (Net income) ÷ (Number of shares)

                              = ($5.6 million) ÷ (1 million shares)

                              = $5.6 per share

5 0
3 years ago
Martin had 24 5 pounds of grapes left. which expression shows the pounds of grapes martin has if he doubles his current amount?
nataly862011 [7]

If Martin had 24 5 pounds of grapes left. The expression that shows the pounds of grapes martin has if he doubles his current amount is:  (2) (2) (2) (four-fifths).

<h3>Double amount of grapes</h3>

Given: Current amount of grapes=2 4/5=14/5

Double amount of grapes=2×14/5=28/5

Hence:

2(2)+(2) 4/5

=4+8/5

=28/5

The expression is: (2) (2) (2) (four-fifths) or 2(2)+(2) 4/5.

Therefore If Martin had 24 5 pounds of grapes left. The expression that shows the pounds of grapes martin has if he doubles his current amount is:  (2) (2) (2) (four-fifths).

Learn more about Double amount of grapes here:brainly.com/question/17044886

#SPJ1

7 0
2 years ago
Jeremy has been out of school for two years, has a good job, and recently got a raise. He is excited about investing and always
Tems11 [23]

Answer:

Jeremy has to continue to save.

Explanation:

  • Jeremy should keep saving his money.
  • In case a situation arises, he needs to keep saving his resources and he needs the money for something else than he has got into trouble.
  • Jeremy will adhere to his spending strategy to pay off his loan within 15 months.
  • by follow these process he will continue his saving as well as repay the loan also .

4 0
3 years ago
Which type of Financial Aid am I? I am given to students who come from lower-income families and I do not need to be repaid. *
Bas_tet [7]
Grant. A grant, is a form of financial aid that doesn’t have to be repaid.
8 0
3 years ago
What determines the amount of tax revenue generated from oil and natural gas produced in Texas?
erastovalidia [21]

Answer:

in Texas, the amount of oil and natural gas produced together with the market price determines the amount of tax to be generated.

7 0
3 years ago
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