Answer:
The answer is false. Partnerships can not sell stocks. They even can not issue shares to finance Thier requirements.
Only the public listed corporations can trade stocks and sell them to the open public in a registered stock exchange.
Explanation:
Answer:
Missing word <em>"Because the stock will be sold directly to an investor, there is no spread; the other flotation costs are insignificant"</em>
<em />
Fair Price is based on the current valuation of business and that is $840,000 in this case.
Fair Price = Current Value of Business/Number of Outstanding Shares
Fair Price = $840,000 / 37,000 shares
Fair Price = 22.7027027
Fair Price = $22.70.
Number of Additional Shares = Additional Funding Required/Fair Price Per Share =
Number of Additional Shares = $210,000 / $22.70
Number of Additional Shares = 9251.101321585903
Number of Additional Shares = 9251 shares
So, since additional funding of $210,000 is required, Benjamin will have to sell 9,251 shares as additional shares to the Angel.
Answer:
$19.20
Explanation:
Computation for the unit product cost that would appear on the job cost sheet for this job.
First step is to compute the Total Product cost
Job 243
Direct material $ 51,870
Direct labor (435*11) 4,785
Overhead (516*13) 6,708
Total Product cost $63,363
Now let Compute the unit product cost
Unit product cost=$63,363/3,300 units
Unit product cost =$19.20
Therefore the unit product cost that would appear on the job cost sheet for this job is $19.20
Answer:
The authorized common stock shares remain 1,000,000 shares.
Explanation:
The authorized shares are not affected by movements in the shares, like issue of shares, repurchase, and resale of treasury stock shares. The authorized shares, therefore, represent the number of shares that the company is legally bound to issue without exceeding. The implication is that the company is free to issue shares less than or equal to the authorized shares, but it may not issue more than the authorized until it obtains a new authorization.
The movements are accounted for in separate accounts called Issued Common Stock Account and Treasury Stock Account. The treasury stock account is a contra account to the Common Stock.
Answer:
$227,500
Explanation:
The computation of the total amount of cash paid is shown below:
Cash paid for insurance premium = Prepaid Insurance at end of the year + Prepaid Insurance recognized - Prepaid Insurance at the beginning of the year
= $61,250 + $218,750 - $52,500
= $227,500
We simply applied the above formula so that the correct amount of cash paid could come with respect to the insurance premium
