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gavmur [86]
2 years ago
9

Jefferson Refining is issuing a rights offering wherein every shareholder will receive one right for each share of stock they ow

n. The new shares in this offering are priced at $19 plus 3 rights. The current market price of the stock is $26.80 a share. What is the value of one right? Provide your answer in dollars and cents, to the nearest $0.01.
Business
1 answer:
krok68 [10]2 years ago
7 0

Answer:

value of right = $1.95

Explanation:

given data

new shares =  $19 plus 3

current market price = $26.80

to find out

value of one right

solution

we get here value of  rights that is express as

value of rights = \frac{stock \ price - right\ subcription\ price}{no\ of\ right + 1}    .............1

value of rights = \frac{26.80-19}{3+ 1}

value of rights = \frac{7.8}{4}

value of right = $1.95

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A properly marked source document contains some Secret information. A new document does not contain the same information. Howeve
navik [9.2K]

Answer:

Revealed by.

Explanation:

Revealed is to make (previously unknown or secret information) known to others.

3 0
2 years ago
Nation’s Capital Fitness, Inc. operates a chain of fitness centers in the Washington, D.C., area. The firm’s controller is accum
g100num [7]

Answer:

Instructions are below

Explanation:

Giving the following information:

January 520 $ 4,470

February 490 4,260

March 300 2,820

April 500 4,350

May 310 2,960

June 480 4,200

July 320 3,000

August 400 3,600

September 470 4,050

October 350 3,300

November 340 3,160

December 320 3,030

A) To calculate the fixed and variable costs, we need to use the following formulas:

Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)

Variable cost per unit= (4,470 - 2,820) / (520 - 300)

Variable cost per unit= $7.5

Fixed costs= Highest activity cost - (Variable cost per unit * HAU)

Fixed costs= 4,470 - (7.5*520)

Fixed costs= $570

Fixed costs= LAC - (Variable cost per unit* LAU)

Fixed costs= 2,820 - (7.5*300)

Fixed costs= $570

B)

Total cost= 570 + 7.5x

x= hours of mantainance

C) x= 590

Total cost= 570 + 7.5*590

TC= $4,995

D) x= 600

Total cost= 570 + 7.5*600

TC= $5,070

8 0
2 years ago
6-19. Six sites have been identified for a parking lot in downtown Blacksburg. Because the sites are plots of land, their salvag
Lemur [1.5K]

Answer:

Site B should be chosen based on the IRR criterion

Explanation:

Please check the attached image for the complete question

The internal rate of return is the discount rate that equates the after tax cash flows from an investment to the amount invested.

When comparing projects, the project with the highest IRR should be chosen.

I hope my answer helps you

3 0
2 years ago
How could the respective roles of these two labour organizations influence actions by other parties to address the concerns rais
Lapatulllka [165]

The correct answer to this open question is the following.

Unfortunately, you did not include the name of the two labor organizations. There is no further context, reference, text, or article.

However, trying to help you we can comment on the following.

Probably, you are referring to the Ontario Federation of Labor (OFL) and the Ontario Public ServiceEmployees Union (OPSEU).

If that is the case, we say that these two labor organizations have a major role in supporting the employees of Tim Horton's branches, after the response, they have taken in Ontario regarding the increase of the minimum wage in that Canadian province.

The power of these labor organizations created awareness of the employee's situation when different media channels covered the news about the demonstrations. This coverage was nationwide, alerting all Canadians about the situation in some branches of this famous and cherished Canadian fast-food restaurant.

This situation does not only grab the attention of public opinion but from the government and political parties that can get into the discussion, affecting the public image and reputation of Tim Horton.

7 0
2 years ago
Suppose that Norway is a small country and currently produces 100,000 board feet of lumber at $600 per 1,000 board feet. Then it
natulia [17]

Answer:

The correct answer is C) 150,000 board feet.

Explanation:

In order to meet domestic demand, Norway must import the goods produced in other countries, which means that there is no price increase due to the shortage of the good.

If Norway only produces 50,000 board feets and the demand is 200,000, then it will be forced to introduce the missing amount that comes from other countries.

4 0
2 years ago
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