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2 years ago

It is a business venture by two or more people

Business

1 answer:

BlackZzzverrR [31]2 years ago

7 0

Answer:

A joint venture (JV) is not a partnership. That term is reserved for a single business entity that is formed by two or more people. Joint ventures join two or more different entities into a new one, which may or may not be a partnership.

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A corporation has issued $100 par, 8% cumulative convertible preferred stock, callable at par. The preferred is convertible into

Vlad1618 [11]

a. The profit the investor made when he sold the common stock shares in the market is $370.

b. The investor sold the 140 common stock shares through a. tender offer.

A tender offer is made when the investor is approached by another investor in the open market to buy the 140 common stock shares. In this instance, the shares are sold at the prevailing market price.

Data and Calculations:

Par value of cumulative convertible preferred stock = $100

Dividend rate per year = 8%

Current price of preferred stock = $102

Number of shares of preferred stock bought = 100

Total cost of purchase = $10,200 (100 x $102)

Sales price of common stock = $75.50

Number of common stock shares converted = 140 (100 x 1.4)

Sales proceeds from sale of common stock = $10,570 ($75.50 x 140)

Profit made by investor = $370 ($10,570 - $10,200)

Thus, the sale of the common stock shares was not by forced conversion, advance refunding, simultaneous transaction, but by a tender offer.

Learn more: brainly.com/question/13992781

7 0

2 years ago

Each unit of finished goods requires 4 pounds of raw materials. The ending finished goods inventory equals 10% of the following

Veronika [31]

Answer:

42,056 pounds

Explanation:

The computation of budgeted raw material purchases is shown below:-

Budgeted unit sale 8,700

Add: desired ending inventory 1,260

(10% × 12,600)

Total needs 9,960

Less: Beginning inventory (870)

(8,700 × 10%)

Production in may 9,090

Pounds for material 4

material for production 36,360

(9,090 × 4)

Add: Desired ending inventory

of raw material 20,240

(50,600 × 40%)

Total needs 56,600

Less: Beginning ending inventory

of raw material (14,544)

(36,360 × 40%)

Raw material purchase 42,056 pounds

3 0

3 years ago

Balance sheet and income statement data indicate the following:

QveST [7]

Answer:

the times interest earned ratio is 5.87 times

Explanation:

The computation of the times interest earned ratio is shown below:

Interest expense is

= Bonds payable × Interest rate

= $1,106,989 × 6%

= $66,419

Now

Times interest earned ratio is

= (Income before income tax for year + Interest expense) ÷ Interest expense

= ($323,108 + $66,419) ÷ ($66,419)

= 5.87 times

Hence, the times interest earned ratio is 5.87 times

4 0

3 years ago

What certificates do i need to be a commercial pilot?

Vesnalui [34]

Pilot certificate is what you will need + training

8 0

3 years ago

On June 30, the board of directors of Sandals, Inc., declares a 2-for-1 stock split on its 24,000, $1 par, common shares. The ma

Inessa05 [86]

Answer:

a) Number of shares after stock split = Total outstanding shares before split × 2

=24, 000 shares × 2

=48,000 shares

Number of shares immediately after stock split is 48,000.

b)Under a stock split, the outstanding number of shares are increased as per the split. As per the given information, the split is stock is 2-for-1, therefore, after the stock split the number of outstanding shares will be twice of shares outstanding before the stock split.

Par value of each stock after split= 2

Par value per common stock before stock split = Par common shares / 2

Par value per common stock before stock split

= $1.00 /2

=$0.50

c) Market price per stock after split= 2

Market value per stock after the split= Market price of Sandals common stock / 2

= $29/2

= $14.5

7 0

3 years ago

It is a business venture by two or more people​

It is a business venture by two or more people