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suter [353]
2 years ago
5

Question 1 of 20

Business
1 answer:
dangina [55]2 years ago
4 0
B YOU CAN ONLY CONTRIBUTE UP TO MAXIUM AMOUNT PER YEAR
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Currently, you own 5.4 percent of the outstanding stock of Keiffer Industries. The firm has decided to issue additional shares o
taurus [48]

We will be participating in (A) rights offer if you opt to purchase the shares you have been offered.

<h3>What is Rights Offering?</h3>
  • A rights offering (rights issue) is a set of rights granted to existing shareholders to purchase more stock shares in proportion to their existing holdings, known as subscription warrants.
  • These are considered a sort of option since they enable stockholders of a firm the right, but not the responsibility, to purchase more shares in the company.
  • The subscription price at which each share may be purchased in a rights offering is often discounted relative to the current market price.
  • Rights are frequently transferrable, giving the possessor the ability to sell them on the open market.
  • Each shareholder in a rights offering receives the opportunity to purchase a pro-rata allotment of extra shares at a certain price and within a specific time frame (usually 16 to 30 days).

Therefore, we will be participating in (A) rights offer if you opt to purchase the shares you have been offered.

Know more about Rights Offering here:

brainly.com/question/17232098

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The complete question is given below:

Currently, you own 5.4 percent of the outstanding stock of Keiffer Industries. The firm has decided to issue additional shares of stock and has given you the first option to purchase 5.4 percent of those additional shares. Which one of the following will you be participating in if you opt to purchase the shares you have been offered?

A. Rights offer

B. Red herring offer

C. Private placement

D. IPO

E. General cash offer

3 0
2 years ago
List four disadvantages of bankruptcy
nexus9112 [7]

Answer:

Impaired credit (report and score) and loss of credit.

Court costs and attorneys' fees and costs.

Loss of property and nonessential possessions.

Ripple effect.

Explanation:

5 0
3 years ago
Read 2 more answers
the records of pippins, incorporated, included the following information: net sales $ 1,000,000 gross margin 475,000 interest ex
Dafna11 [192]

The time interest earned ratio of the company was found to be 7.4 times to the expenses.

EBIT = Net Income + Interest Expense + Income tax Expense

= 240,000 + 50,000 + 80,000

= 370,000

Times Interest Earned Ratio:

EBIT / Interest Expense

= 370,000 / 50,000

= 7.4 times

Times interest earned ratio is a good way to measure a company's financial performance because it shows a company's ability to pay interest charges on its debts the ratio is calculated by taking a company's net income before interest and taxes and dividing it by the company's interest expense.

Learn more about Debts at : brainly.com/question/17286021

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7 0
1 year ago
Parchova is a multinational company that manufactures and sells stationery products. Customers who buy five or more products at
Lady_Fox [76]

Answer:

Limited relationships

Explanation:

A limited relationship is when a marketer seeks to create a connection with customers that have initiated contacts.  In this strategy, the marketer will take deliberate actions to entice customers that made contact into a long term relationship.

In the case of  Parchova, the company is rewarding customers after they have made purchases.  By making purchases, the customers are initiating contact with Parchova. The act of issuing out notepads and pens is an attempt to create a relationship between the company and the customers.

4 0
3 years ago
On January 1, 2021, Twister Enterprises, a manufacturer of a variety of transportable spin rides, issues $470,000 of 8% bonds, d
Marat540 [252]

Answer:

1. January 01, 2021

Dr Cash 513,221

Cr Premium on Bonds Payable 43,221

Cr Bonds Payable 470,000

2. June 30, 2021

Dr Interest Expense 17,963

Dr Premium on Bonds Payable 837

Cr Cash 18,800

3 December 31, 2021

Dr Interest Expense 17,933

Dr Premium on Bonds Payable 867

Cr Cash 18,800

Explanation:

1. Preparation of the journal entry Record the bond issue on January 1, 2021

January 01, 2021

Dr Cash 513,221

Cr Premium on Bonds Payable 43,221

(513,221-470,000)

Cr Bonds Payable 470,000

(To Record the bond issue )

2. Preparation of the journal entry to record the first two semiannual interest payments

June 30, 2021

Dr Interest Expense 17,963

(513,221*7%*6/12)

Dr Premium on Bonds Payable 837

(18,800-17,963)

Cr Cash 18,800

(470000*8%*6/12)

(To record first two semiannual interest payments)

3.Preparation of the journal entry to record the first two semiannual interest payments

December 31, 2021

Dr Interest Expense 17,933

(513,221*7%*6/12)

Dr Premium on Bonds Payable 867

(18,800-17,963)

Cr Cash 18,800

(470000*8%*6/12)

(To record first two semiannual interest payments)

4 0
3 years ago
Read 2 more answers
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