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Molodets [167]
3 years ago
13

The Master Manufacturing Company has just announced a tender offer for its own common stock. Master is offering to buy up to 100

% of the company's stock at $20 per share contingent on at least 64% of the outstanding shares being tendered. After the announcement of the offer, the stock closed on the NYSE up 2.50 at $18.75. If a customer were to tender 100 shares held long, the customer is assured of receiving:
Business
1 answer:
siniylev [52]3 years ago
4 0

Answer:

$0

Explanation:

Since the offer to repurchase the stock's is contingent (or depends on) the fact that 64% of all outstanding stocks are tendered, there is absolutely no assurance that the threshold (64%) will be met. So there is no assurance that the stockholder is going to be paid (there is no guaranteed payment at all) if he/she decides to tender the stocks.

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At December 31, 2018 and 2019, Frist Company had outstanding 50 million common shares and 4 million shares of 10%, $10 par cumul
klemol [59]

Answer:

The EPS for 2019 was $0.32

Explanation:

A                           Net Income                                 $20,000,000

B            No. of preferred Stock shares                  $4,000,000

C                     Par value per share                          $10.00

D = C*10%     Dividend per share (10%)                   $1.00

E = B*D           Preferred Dividend                          $4,000,000.00

F = A - E     Net Income(Common Stockholders)    $16,000,000.00

G          Number of share(common stock)outstanding    50,000,000

H = F - G       Earning per share for 2019                            $0.32

Therefore,The EPS for 2019 was $0.32

8 0
3 years ago
e lottery winner who is going to invest in utility bonds and a savings account using the following data: Assume that her total w
tensa zangetsu [6.8K]

Answer:

How much should she allocate to each investme?

420000 in Bonds and

280000 in Saving Account

Explanation:

x*0.03 = y*0.02

Assuming she has to invest everything

x+y = 700,000

x = 700,000-y

Plug that in to the above

(700000-y)*0.03 = y*0.02

21000 - 0.03y = 0.02y

21000 = 0.05y

y = 420000

x = 700,000-y

x = 700,000-420000= 280000

420000 in Bonds and

280000 in Saving Account

Income saving=280000*2%=5600

Utility bonds=420000*3%= 12600

3 0
3 years ago
The Tucana Bank of Commerce pools customer deposits and uses the
ivanzaharov [21]
I think it is b or c
6 0
2 years ago
On December 1, Year 1, Jack’s Snow Removal Company received $6,000 of cash in advance from a customer and promised to provide se
AVprozaik [17]

Answer:

Increase Revenue, Decrease Liability

Explanation:

On December 1, They have recognized a liability of $6,000

with the journal entry:

(DR) Cash                $6,000

(CR)   Unearned Revenue       $6,000

Now, on December 31 let's assume that the expiration is an exact

per month division of $2,000 ($6,000 / 3 months)

The adjusting entry would be:

(DR) Unearned Revenue     $2,000

(CR)      Service Revenue             $6,000

The first effect is clear, there is an Increase in Revenue since  

the company have rendered the services.

Now, the second effect is that the Liabilities have decreased

because of the debit to "Unearned Revenue" which is a liability.

4 0
2 years ago
Katie wants to be successful in her selling career, so she strives to improve her _____ knowledge by working on her sales abilit
k0ka [10]

Answer:

B. selling-related

Explanation:

Here are the options to this question :

A. customer-related

B. selling-related

C. industry

D. technical

E. market-related

Katie wants to be successful in her selling career, so it is necessary for her to gain knowledge in the field she wants to be successful in. So, she should be improving her selling related knowledge

8 0
3 years ago
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