Answer:
26,920
Explanation:
At $10 par value,
Number of authorized shares = 30,000 (given)
Number of issued shares = $270,000/$10 = 27,000 shares
Number of treasury shares = $1,200/$15 = 80 shares
Since Treasury shares do not form part of outstanding shares, they will be deducted from issued shares to obtain outstanding shares
Therefore, number of outstanding shares
= 27,000 - 80
= 26,920 shares
Answer:
A product's life cycle is generally divided into four stages:
- Introduction: requires a very large marketing effort (a lot of money invested), sales are generally low but the goal is to establish the product in the customers' minds.
- Growth: Sales start to pick up as customers accept the new product or service, and new competitors might appear. Companies have to try to differentiate their product from the competition.
- Maturity: sales reach their highest peak. Many companies extend the growth stage by making small changes and different versions of the product or service. Competition is generally very intense at this stage and since the market growth stalls, each company tries to win the market share of other companies.
- Decline: sales start to decline since the product or service might become obsolete. Competition starts to shrink since companies start to exit the market. Companies might extend the decline stage by adding new uses for their products or cutting prices.
Answer:
E) 51 days
Explanation:
Calculation of length of the cash cycle after the changes.
As given:
Current cash cycle = 51 days.
Decreases its receivables period by 3 days
Increases its inventory period by 4 days.
Increases its payables period by 1 day.
Hence,
Cash cycle = 51 days - 3 days + 4 days- 1 day
Cash cycle = 51 day
Therefore the cash cycle after the changes will be 51 days
The options available are:
A. The customer is permitted to buy these securities
B. The customer is prohibited from buying these securities
C. The customer can buy the securities if he spends at least 2 weeks per year in the state of Montana
D. The customer can buy the securities if he files an affidavit of domicile in the state of Montana
Answer:
The customer is permitted to buy these securities
Explanation:
The intrastate offering is a form of securities offering which different from the interstate offering, and can only be acquired in the state in which it is being issued. However, while it does not need to be registered with the Security Exchange Commission(SEC), to fulfill Intrastate requirements, it must, amongst others, be sold and offered only to residents of the state in which it is issued.
Hence, in this case, since the customer is a primary resident of Montana, he is permitted to buy these securities
Answer:
1. 20Y3 20Y2
A Sales on account $5,637,500 $4,687,500
B Beginning Accounts receivables $650,000 $600,000
C Ending accounts receivables $725,000 $650,000
Average accounts receivables $687,500 $625,000 [D=(B+C) / 2[
Accounts receivables Turnover 8.2 7.5 [E=A/D]
No of days in sales receivables 44.5 48.7 [F=365 / E]
2. The collection of account receivables has <u>INCREASED</u>. This can be seen in both the <u>INCREASE </u>in accounts receivables turnover and the <u>DECREASE </u>in collection period.
