Explanation:
the answer :171,000
the equation that you need ..is:150,000+3,000(x)
Hollins Company uses the FIFO method to compute equivalent units. It has 2,000 units in beginning work in process, 20% complete as to conversion costs, 25,000 units started and completed, and 3,000 units in ending work in process, 30% complete as to conversion costs. All units are 100% complete as to materials. Equivalent units for materials and conversion costs are, respectively:_______.
a) 28,000 and 26,600.b) 28,000 and 27,500.c) 27,000 and 26,200.d) 27,000 and 29,600.
Answer:
Hollins Company
Equivalent units for materials and conversion costs are, respectively:_______.
b) 28,000 and 27,500.
Explanation:
a) Data and Calculations:
Units Materials Conversion
Beginning WIP 2,000 0 1,600 (2,000 * 80%)
Started and
completed 25,000 25,000 25,000 (100%)
Ending WIP 3,000 3,000 900 (3,000 * 30%)
Equivalent units 28,000 27,500
b) To calculate the equivalent units using the FIFO method involves determining the equivalent units of the following: Beginning Work-in-Process, Units Started and Completed, and Ending Work-in-Process with respect to work done during the current period.
John Rawls owns and operates Philosophical Consulting, Inc. During 2019 and 2020 he made the following purchases of assets for use in the business:
Asset Date of Purchase Cost
Office Furniture 5/1/2019 $100,000
Computer System 9/15/2020 $500,000
In addition, his business income before any cost recovery deduction in 2020 is $350,000. Prior to 2020, he only used regular MACRS depreciation for all purchases. However, at the beginning of 2020 he decides to take the maximum deduction possible for all new purchases. Ignore any excess business or net operating loss limitations.
Required: What is the 2020 cost recovery deduction for Philosophical Consulting, Inc?
Answer:
The right solution is "600000".
Explanation:
The given values are:
Cost of office furniture,
= $100,000
Cost of the computer system,
= $500,000
The changed MACRS enables a company to reduce the mortgage balance of such deteriorating properties over time.Throughout the very first years, MACRS permits quicker depreciation although subsequently slows down depriving. This seems to be fantastic for corporations from a tax point of view.Now,
The cost recovery deduction will be:
= [tex]Office \ furniture+Computer \ system[/tex]
On substituting the values, we get
= [tex]100000+500000[/tex]
= [tex]600000[/tex]
The following is a December 31, 2021, post-closing trial balance for Almway Corporation.
Account Title Debits Credits
Cash $ 45,000
Investment in equity securities 110,000
Accounts receivable 60,000
Inventory 200,000
Prepaid insurance (for the next 9 months) 9,000
Land 90,000
Buildings 420,000
Accumulated depreciation—buildings $ 100,000
Equipment 110,000
Accumulated depreciation—equipment 60,000
Patent (net) 10,000
Accounts payable 75,000
Notes payable 130,000
Interest payable 20,000
Bonds Payable 240,000
Common stock 300,000
Retained earnings 129,000
Totals $ 1,054,000 $ 1,054,000
Additional information:
1. The investment in equity securities account includes an investment in common stock of another corporation of $30,000 which management intends to hold for at least three years. The balance of these investments is intended to be sold in the coming year.
2. The land account includes land which cost $25,000 that the company has not used and is currently listed for sale.
3. The cash account includes $15,000 restricted in a fund to pay bonds payable that mature in 2024 and $23,000 restricted in a three-month Treasury bill.
4. The notes payable account consists of the following:
1. a $30,000 note due in six months.
2. a $50,000 note due in six years.
3. a $50,000 note due in five annual installments of $10,000 each, with the next installment due February 15, 2022.
1. The $60,000 balance in accounts receivable is net of an allowance for uncollectible accounts of $8,000.
2. The common stock account represents 100,000 shares of no par value common stock issued and outstanding. The corporation has 500,000 shares authorized.
Required:
Prepare a classified balance sheet for the Almway Corporation at December 31, 2021. (Amounts to be deducted should be indicated by a minus sign.)
Answer:
Almway Corporation
Classified balance sheet as at December 31, 2021.
ASSETS
Non - Current Assets
Land $65,000
Land Held for Sale $25,000
Buildings $420,000
Accumulated depreciation—buildings ($100,000) $320,000
Equipment $110,000
Accumulated depreciation—equipment $60,000 $50,000
Patent (net) $10,000
Investment in equity securities $30,000
Total Non- Current Assets $500,000
Current Assets
Inventory $200,000
Accounts receivable $60,000
Prepaid insurance (for the next 9 months) $9,000
Short term Investment in equity securities $80,000
Cash $45,000
Total Current Assets $394,000
TOTAL ASSETS $894,000
EQUITY AND LIABILITIES
LIABILITIES
Non - Current Liabilities
Notes payable $100,000
Bonds Payable $240,000
Total Non - Current Liabilities $340,000
Current Liabilities
Accounts payable $75,000
Notes payable $30,000
Interest payable $20,000
Total Current Liabilities $125,000
TOTAL LIABILITIES $465,000
EQUITY
Common stock $300,000
Retained earnings $129,000
TOTAL EQUITY $429,000
TOTAL EQUITY AND LIABILITIES $894,000
Explanation:
A Balance Sheet contains Balances in Assets, Liabilities and Equity. A Classified Balance Sheet then Shows different categories and amounts for these Account Balances as shown above.
Josie is the CRM manager for a toy company. Under what pathway in the Marketing, Sales, and Services career cluster would Josie's job fall?
A. Merchandising
B. Marketing Management
C. Professional Sales
Answer:
B. Marketing Management
Explanation:
Marketing management is a process in which the planning and execution of pricing, promotion, distribution, goods & services in order to exchange and satisfy the individual and organization goals & objectives. It also involved the marketing, sales and services
Therefore option b is correct
Answer:
B
Explanation:
just took the test<3
All of the machine hours take place in the Fabrication department, which has an estimated overhead of $84,000. All of the labor hours take place in the Assembly department, which has an estimated total overhead of $72,000. The Ramapo Company uses a single overhead rate to apply all overhead costs. What would the single plantwide rate be if it was based on machine hours instead of labor hours
Answer:
Results are below.
Explanation:
We weren't provided with the number of machine-hours. To guide an answer, I will assume that 35,000 machine hours were estimated in the Fabrication Department.
To calculate the predetermined manufacturing overhead rate we need to use the following formula:
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= 84,000 / 35,000
Predetermined manufacturing overhead rate= $2.4 per machine hour
An economist for the Brookings Institution argues that "a price on carbon would minimize the cost of steering economic activity away from the greenhouse gas emissions that threaten the climate."
Source: Fred Dews, "10 Things You Should Know about the Carbon Tax," brookings.edu, May 4, 2016.
In what sense does a carbon tax put a price on carbon?
A carbon tax puts a price on carbon by increasing the private cost of polluting.
C.
A carbon tax puts a price on carbon by decreasing the social benefit of polluting.
D.
A carbon tax puts a price on carbon by decreasing the private benefit of polluting.
Answer:
A carbon tax puts a price on carbon by increasing the private cost of polluting.
Explanation:
Going by the argument of the economist of Booking institution, it can be concluded that a carbon tax put a price on carbon "by increasing the private cost of polluting."
As the private cost of polluting increases, this will discourage the private individuals or businesses in carrying out activities that emit greenhouse gases in the human environment which in turn threatens the climate.
Leader Corporation Company uses a job-order costing system with a single plantwide pre-determined overhead rate based on machine-hours. The 98554-CZ company based its pre-determined overhead rate for the current year on the following data:
Total machine-hours 50,000
Total fixed manufacturing overhead cost $400,000
Variable manufacturing overhead per machine-hour $6
Recently, Job D168 was completed with the following characteristics:
Number of units in the job 40
Total machine-hours 100
Direct materials $750
Direct labor cost $2,750
If the company marks up its unit product costs by 60% then the selling price for a unit in Job D168 is closest to:____.
a. $2,505.
b. $3,025.
c. $1,185.
d. $2,360.
Answer:
Selling price per unit= $196
Explanation:
First, we need to calculate the predetermined overhead rate:
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= (400,000 / 50,000) + 6
Predetermined manufacturing overhead rate= $14 per machine hour
Now, we can allocate overhead and calculate the total cost:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Allocated MOH= 14*100= $1,400
Total cost= 1,400 + 750 + 2,750
Total cost= $4,900
Finally, the selling price per unit:
Unitary cost= 4,900/40= $122.5
Selling price= 122.5*1.6
Selling price= $196
Explain the relationship between the FAFSA, the SAR, and the EFC.
Explanation:
The SAR summarizes the information you provided on the FAFSA, and indicates the Expected Family Contribution (EFC). The EFC is the amount of money your family will be expected to contribute to your education. ... The lower your EFC, the more financial aid you will get.
Hope it helps
:>
EFC is an index number that is used to determine the eligibility for federal student financial aid, this number results from the financial information will be provided in FAFSA, then it will be reported on SAR.
What are the FAFSA, the SAR, and the EFC?FAFSA refers to the Free Application for Federal Student Aid, form that is filled by the college students to determine their eligibility for student financial aid in the United States.
SAR refers to the Student Aid Report is a document that gives the basic information about the student's eligibility for federal financial aid.
EFC refers to the Expected Family Contribution is an estimate of a student's eligibility for federal student financial aid.
Learn more about the FAFSA here:-
https://brainly.com/question/2059046
#SPJ2
Suppose that nominal GDP increases to $30,000, and the GDP deflator increases to 105. What is real GDP? Round your answer to the nearest cent.
We are evaluating a project that costs $644,000, has an eight-year life, and has no salvage value. Assume that depreciation is straight-line to zero over the life of the project. Sales are projected at 70,000 units per year. Price per unit is $37, variable cost per unit is $21, and fixed costs are $725,000 per year. The tax rate is 35 percent, and we require a 15 percent return on this project.
Required:
a. Calculate the accounting break-even point.
b. Calculate the base-case cash flow and NPV. What is the sensitivity of NPV to changes in the sales figure? Explain what your answer tells you about a 500-unit decrease in projected sales.
c. What is the sensitivity of OCF to changes in the variable cost figure? Explain what your answer tells you about a $1 decrease in estimated variable costs.
Solution :
a).
Particulars Details
Selling price per unit 37
Less : variable cost per unit -21
Margin per unit 16
No. of units sold per unit 70,000
Gross margin 11,20,000
Less : fixed cost - 7,25,000
Profit before depreciation and tax 3,95,000
Less : depreciation -80,500
Profit before tax 3,14,500
Less : Tax -1,10,075
Net profit per year 2,04,425
Project Cost 6,44,000
Accounting breakeven point in years 3.15
b).
Calculating the base Cash - Cash flow and NPV
Particulars Amount
Net profit per year 2,04,425
Add : depreciation 80,500
Base Cash cashflow 2,84,925
Required rate of return 15%
Present value of base cash cash flow 12,78,550
received in 8 years.
Project cost -6,44,000
NPV 6,34,550
The present value of base cash cash flow received in 8 years is calculated as Present value of annuity received at the end of each year $ 2,84,925 at the rate of interest 15% for a period of 8 years.
The sensitivity of the NPV to 500 units decrease in projected sales :
Particulars Details
Selling price per unit 37
Less : variable cost per unit -21
Margin per unit 16
Number of units sold per year 69,500
Gross margin 11,12,000
Less : fixed cost -7,25,000
Profit before depreciation and tax 3,87,000
Less : depreciation -80,500
Profit before tax 3,06,500
Less : tax -1,07,275
Net profit per year 1,99,225
Add : depreciation 80,500
Base Cash cashflow 2,79,725
Required rate of return 15%
Present value of base cash cash flow 12,55,216
received in 8 years.
Project cost -6,44,000
NPV 6,11,216
Original NPV 6,34,550
Sensitive NPV -23,334
c).
Particulars Details
Selling price per unit 37
Less : variable cost per unit -20
Margin per unit 17
No. of units sold per year 70,000
Gross Margin 11,90,000
Less : fixed cost -7,25,000
Profit before depreciation and tax 4,65,000
Less : Depreciation -80,500
Profit before tax 3,84,500
Less : tax -1,34,575
Net profit per year 2,49925
Add : depreciation 80,500
Operating cash flow 3,30,425
Original operating cashflow 2,84,925
Sensitivity of OCF 45,500
most ________ do not cover damage by accidents
A. Promotional prices
B. Warranties
C. Assets
D. Generic goods
(Personal finance)
Answer:
warranties b
I searched it up and I told some of my friends and they think that too
hope this helps
The summarized balance sheets of Goebel Company and Dobbs Company as of December 31, 2014 are as follows:
Goebel Company
Balance Sheet
December 31, 2014
Assets $1,200,000
Liabilities $ 150,000
Capital stock 600,000
Retained earnings 450,000
Total equities $1,200,000
Dobbs Company
Balance Sheet
December 31, 2014
Assets $900,000
Liabilities $205,000
Capital stock 575,000
Retained earnings 120,000
Total equities $900,000
If Goebel Company acquired a 20% interest in Dobbs Company on December 31, 2014 for $175,000 and the fair value method of accounting for the investment were used, the amount of the debit to Equity Investments (Dobbs) would have been:_________
Answer:
$175,000
Explanation:
Based on the information given we were told that in a situation where Goebel Company tend to acquired an interest of 20 percent in Dobbs Company on December 31, 2014 for the amount of $175,000 in which we were told that the fair value method of accounting were used for the Investment which means that the amount of DEBIT TO EQUITY INVESTMENT (Dobbs) would have been $175,000 which was the amount that was used by Goebel Company to acquired an interest of 20 percent in Dobbs Company on December 31,2014.
Question 7 (3 points)
All of the following are necessary functions of a government EXCEPT?
1) providing a legal system to enforce laws and protect property rights
2) maintaining competition by regulatingg monopolies
3) promoting economic growth at the expense of employment and inflation
4) providing goods that private companies cannot provide
The function of the government does not include 4) providing goods that private companies cannot provide
Functions of government:It gives the legal system for enforcing the laws and protecting property rights. It maintained the competition via regulating the monopolies.Also, it gives the economic growth.Read more about the government here: https://brainly.com/question/24479311
The following information is available for Splish Brothers Corp. for the year ended December 31, 2022.Other revenues and gains 23,600other expenses and losses 4,000costs of good sold 291,000sales discount 4,800sales revenue 759,000operating expenses 220,000sales returns and allowances 10,600Prepare a multiple-step income statement for Splish Brothers Corp. The company has a tax rate of 25%.
Answer:
Splish Brothers Corp.
Multiple-step income statement for the year ended December 31, 2022.
Sales Revenue 759,000
Less sales returns and allowances (10,600)
Net Sales 748,400
Less Costs of Good Sold (291,000)
Gross Profit 457,400
Less Operating Expenses
Operating expenses 220,000
Sales discount 4,800 (224,800)
Operating Profit 232,600
Less Non - Operating Expenses
Other revenues and gains (23,600)
Other expenses and losses 4,000 19,600
Net Profit before tax 252,200
Income tax expense (63,050)
Net Profit after tax 189,150
Explanation:
Multiple-step income statement shows separately the income generated from Primary activities and that generated from Secondary activities as above.
Fill in the blank with the correct response.
____ are STEM professionals who collect, analyze, and interpret data.
Answer:
to bad this isn't multiple choice
Explanation:
but it would only make sense if it were scientists. sorry if I'm wrong
From the collected data, the statistician makes use of statistical concepts to sift through large data sets, develop data interpretation and deduce relevant information from the data and present meaningful conclusion to the relevant bodies in fields such as education, manufacturing, marketing, government and healthcare.
From the collected data, the statistician makes use of statistical concepts to sift through large data sets, develop data interpretation and deduce relevant information from the data and present meaningful conclusion to the relevant bodies in fields such as education, manufacturing, marketing, government and healthcare.Biologists research, collect data and measurements, perform tests and experiments, and analyze and interpret their findings. These science professionals are required to have a bachelor's degree in biology for an entry-level position.
Explain the importance of understanding how teams work together to achieve the same goal
Answer:
Graco docs fox
Explanation:
hii if good go go in the morning and will be able to get to know the first to rate this article on essy on the other day and time again for your time in you mam hindi meanings and the morning to ensure that we have DJs thrive and willPLEASE HELP ASAP!! WILL MARK BRAINLIEST!!
How is per capita output determined and used?
Answer:
Real GDP per capita is a measurement of the total economic output of a country divided by the number of people and adjusted for inflation.
Explanation:
I'm not sure if this is what you were looking for but this is my answer.
Which of the following is not an element of the financial statements as covered in the "Conceptual Framework for Financial Reporting"?
a. Equity
b. Assets
c. Liabilities
d. Profits
Answer:
d. Profits
Explanation:
Financial statement is a statement written in accordance to the conceptual framework for financial reporting which shows the financial position, performance and profit or loss of an entity.
The statements that would reflect in the financial statement of an entity are:
i. statement of profit or loss
ii. statement of change in equity
iii. statement of cash flow
iv statement of financial position
v. notes to the financial statement
All these statements are written considering the assets, liabilities, equity, income and expenses of the entity.
Assume that you are 25 years old today, and that you are planning on retirement at age 65. You expect your salary to be $55,000 one year from now and you also expect your salary to increase at a rate of 3% per year as long as you work. To save for your retirement, you plan on making annual contributions to a retirement account. Your first contribution will be made on your 26th birthday and will be 12% of this year's salary. Likewise, you expect to deposit 12% of your salary each year until you reach age 65. Assume that the rate of interest is 5%.
The future value (FV) (at age 65) of your retirement savings is closest to:________
a. $1,091,733.20
b. $1,246,723.80
c. $988,452.90
d. $1,225,821.20
Answer:
FV= $1,246,723.8
Explanation:
To calculate the future value of this growing annuity, we need to use the following formula:
FV= A*{[(1+i)^n - (1+g)^n] / (i-g)}
A= annual deposit= 55,000*0.12= 6,600
i= 0.05
g=0.03
n= 40 years
FV= 6,600* {[(1.05^40) - (1.03^40)] / (0.05 - 0.03)}
FV= $1,246,723.8
What is the underlying premise of the resource-based view? Group of answer choices Firms generally have very similar capabilities stemming from almost identical resources Imitation of resources is the best way to achieve competitive advantages Firms differ in fundamental ways because each firm possesses a unique bundle of resources Firms' intangible resources can be very difficult to imitate
Answer:
Firms differ in fundamental ways because each firm possesses a unique bundle of resources
Explanation:
The resource-based view can be regarded as managerial framework utilized in finding strategic resources that can be exploited by a firm so that sustainable competitive advantage can be achieved. It should be noted that the underlying premise of the resource-based view is that Firms differ in fundamental ways because each firm possesses a unique bundle of resources
Pharoah Corporation had the following activities in 2020.
1. Sale of land $174,000 4. Purchase of equipment $426,000
2. Purchase of inventory $915,000 5. Issuance of common stock $345,000
3. Purchase of treasury stock $65,000 6. Purchase of available-for-sale debt securities $63,000
Compute the amount Pharoah should report as net cash provided (used) by investing activities in its 2020 statement of cash flows. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) Net cash select an option by investing activities $enter a dollar amount
Answer:
-$315,000
Explanation:
Computation for the amount that Pharoah should report as net cash provided (used) by investing activities in its 2020 statement of cash flows
Sale of land $174,000
Less Purchase of equipment ($426,000)
Less Purchase of available-for-sale debt securities ($63,000)
Net cash provided (used) by investing activities -$315,000
Therefore the amount that Pharoah should report as net cash provided (used) by investing activities in its 2020 statement of cash flows will be -$315,000
What are the challenges of Micro, Market and Macro environments?
Explanation:
Micro Environnement : Difficult employees
lack of visions and mission
lack of adequate management skills
Market : Competition
Shortage of supply
Macro : Change in income levels
labour restrictions
The challenges of the Micro environment are
Hardened and difficult workers.Lack of objectives and goals.Lack of appropriate management skills.The challenges of the Macro environment are:Change in the level of income of people.Restriction of labor supplyThe challenges that affect the market environmentLots of market competitionShortage of goods supplyRead more on macro environment here:https://brainly.com/question/26755809
true or false the majority of managerial communication is written in one form or another.
Explanation:
One form of verbal communication is called paralanguage.
True or False
False
A stock expects to pay dividends of $3.77 per share one year from today; $4.56 per share two years from today; and $5.95 per share three years from today. After that, dividends are expected to be constant at $6.22 per share per year indefinitely. Investors require a rate of return of 10 percent on this stock. How much should this stock sell for today?
a. $58.40.
b. $56.71.
c. $50.20.
d. $54.15.
e. $51.99.
What are some qualities that Glass Blowers need? Check all that apply. And have a Bless day and God bless you all <3
_______________________________________________________
A.) steady hands
B.) strength
C.) leadership
D.) computer literacy
E.) kindness
F.) care
Answer:
A,B,F
Explanation:
They are three are some qualities that Glass Blowers need are:
steady handsstrengthcomputer literacyWhat is Glass Blowers?The term Glass Blowers was the particular type of the art are the used the technique on the artist. It was the techniques id the prepare and shape their glass bowls and the deep of the object. It was the oldest method to used in the artist.
The techniques of the making the glass blowers is the variety of the shapes and the sizes. The another name is the gaffer, blacksmith, and the glassblower. They are the several qualities of the Glass Blowers need are steady hands, strength, computer literacy.
As a result, the significance of the Glass Blowers are the aforementioned. Therefore, option (a), (b) and (f) is correct.
Learn more about on Glass Blowers, here;
https://brainly.com/question/2862069
#SPJ6
Sheridan Beverage Company reported the following items in the most recent year.
Net income $49,000 Dividends paid 6,810 Increase in accounts receivable 13,660 Increase in accounts payable 8,660 Purchase of equipment (capital expenditure) 9,020 Depreciation expense 5,660 Issue of notes payable 22,020
Compute net cash provided by operating activities, the net change in cash during the year. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)
Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash used by Financing ActivitiesNet Cash used by Investing ActivitiesNet Cash used by Operating ActivitiesNet Decrease in CashNet Increase in CashIssue Notes Payable Increase in Accounts Receivable Decrease in Accounts Payable Increase in Accounts Payable Purchase of Equipment Dividends Net Income Decrease in Accounts Receivable Depreciation Expense Compute free cash flow.Free Cash Flow $Brief Exercise 5-12 Keyser Beverage Company report
Answer:
Net cash provided by operating activities $49,660
Net change in cash $55,850
Explanation:
Computation for the Net cash provided by operating activities
Net income$49,000
Add Increase in accounts payable 8,660
Add Depreciation expense 5,660
Less Increase in accounts receivable (13,660)
Net cash provided by operating activities $49,660
Cash flow from investing activities
Less Purchase of equipment (capital expenditure) (9,020)
Cash flow from financing activities
Add Issue of notes payable 22,020
Less Dividend (6,810)
Cash flow from financing activities 15,210
(22,020-6,810)
Net change in cash $55,850
($49,660-9,020+15,210)
Therefore Net cash provided by operating activities will be $49,660 and the Net change in cash will be $55,850
When making a choice using the blank a household will choose the combination of labor, leisure, and income that provides the most utility
Answer: hiii lol
Explanation:
what is the difference between hire purchase and differed payment?
Explanation:
In deferred payment, the borrower will agreed to pay certain amount of money on the promised date. ... In hire purchase, the purchaser will be getting the belongings without paying the full price of the item. The purchasers would make down payment and the balance is paid in installments.
Explanation:
Hire purchase is a system by which one pays for a thing in regular installments while having the use of it but deferred payments are payments that are completely or partially postponed for financial reasons
When bonds are converted into common stock____.
a. the market price of the stock and the bonds is ignored when recording the conversion.
b. gains or losses on the conversion are recognized.
c. the market price of the stock on the date of conversion is credited to the Common Stock account.
d. the market price of the bonds on the date of conversion is credited to the Common Stock account.
Answer:
When bonds are converted into common stock____.
a. the market price of the stock and the bonds is ignored when recording the conversion.
Explanation:
This is because the conversion price, which is the price at which the convertible bond is converted into the common stock of the entity, is usually set initially when the conversion ratio is first decided on. Therefore, the market prices of the stock and the bonds are not taken into account when the conversion recording is being done.
Describe how the 4 functions of management (planning, Organizing, Leading and Controlling relate to each other