________ is the act of an employee exposing an employer's wrongdoing to outsiders.

How much would it cost for Chester Corporation to repurchase all its outstanding shares if new brokerage fees totaled 1% of the

Vinvika [58]

Answer:

$78.0 million

Explanation:

Cost of repurchase = Number of shares*Share price/(1-1%)

Cost of repurchase = $3,352,720 * $23.02/(1-1%)

Cost of repurchase = $3,352,720 * $23.02/(1 - 0.01)

Cost of repurchase = $3,352,720 * $23.02/0.99

Cost of repurchase = $3,352,720 * $23.25

Cost of repurchase = $ 77,950,740

Cost of repurchase = $78.0 million

6 0

2 years ago

Bermuda Triangle Corporation (BTC) currently has 520,000 shares of stock outstanding that sell for $85 per share. Assume no mark

Vedmedyk [2.9K]

Answer:

a. BTC has a five-for-three stock split.

new number of shares outstanding = (520,000 / 3) x 5 = 866,666.67 ≈ 866,667

new market price per stock = ($85 / 5) x 3 = $51

b. BTC has a 12 percent stock dividend.

new number of shares outstanding = 520,000 x 1.12 = 585,400

new market price per stock = $85 / 1.12 = $75.89

c. BTC has a 43.5 percent stock dividend.

new number of shares outstanding = 520,000 x 1.435 = 746,200

new market price per stock = $85 / 1.435 = $59.23

d. BTC has a four-for-seven reverse stock split.

new number of shares outstanding = (520,000 / 7) x 4 = 297,142.86 ≈ 297,413

new market price per stock = ($85 / 4) x 7 = $148.75

6 0

2 years ago

Jim left his previous job as a sales manager and started his own sales consulting business. He previously earned $70,000 per yea

emmainna [20.7K]

$45,000 per year is the economic cost of the time he contributes to the new business.

<h3><u>Explanation:</u></h3>

The difference between the accounting cost and the implicit cost refers to the economic cost. Implicit cost refers to the opportunity cost that the person incurs when he makes a choice. For example consider Geetha is spending something for watching a movie. The cost that she spends for the movie and the cost that can be forgone by her when she spends that for some other things will be included in the economic cost.

In the example given Jim was earning d $70,000 per year and now he is paying himself $25,000 per year for building a new business. Thus the economic cost will be $70,000 -$25,000 = $45,000 per year. Here the accounting cost is $70,000 and the implicit cost is $25,000.

8 0

2 years ago

Luke Corp. issued $2,000,000 of 20-year, 9% callable bonds on July 1, Year 1, with interest payable on June 30 and December 31.

olga55 [171]

Answer:

Cash 2,000,000

Bonds Payable2,000,000

To record Issuance of bonds

Interest expense 90,000

Cash 90,000

To record payment of bonds

Bonds Payable 2,000,000

Cash 1,940,000

Gain on Redemption 60,000

To record the call of the bonds at 97

Explanation:

The bonds were issued at par, we have no information to oppose that.

The interst will be 2,000,000 x 9% x 1/2 = 90,000

Notice there is 2 payment per year, so the interest are split in two

Bonds called at 97:

2,000,000 x .97 = 1,940,000

Book value ofthe bonds 2,000,000

gain on redemption 60,000

We pay obligation valued at 2,000,000 for 1,940,000 That's why we recognize a gain, we paid the debt cheaper.

6 0

2 years ago

A firm is accustomed to training operators who do certain tasks on a production line. those operators who attend the training co

Rina8888 [55]

<span>58%
Given that the new operator met the quota, that means that she's either one of the 90% of the trained operators, or one of the 65% of the untrained operators. And since the split between the trained and untrained operators is 50/50, we have
0.90 * 0.5 = 0.45 of all the operators have been trained and meet quota. 0.65 * 0.5 = 0.325 of all the operators have not been trained and meet quota.
So 0.45 + 0.325 = 0.775 of all operators meet quota.
So the probability of her being trained is
0.45 / 0.775 = 0.580645161 = 58.0645161%
Rounding to 2 significant figures gives 58%</span>

4 0

2 years ago

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