ZEN Inc. is financed by 3 million shares of common stock and by $5 million face value of 8% convertible debt maturing in 2026. Each bond has a face value of $1,000 and a conversion ratio of 200. What is the value of each convertible bond at maturity if ZEN's net assets are: $30 million

Answers

Answer 1

Answer:

The value of each convertible bond at maturity if ZEN's net assets are: $30 million is $1,500 per convertible bond.

Explanation:

First, We need to calculate the Numer so Convertible bonds using following formula

Numbers of Bonds = Total face value of convertible bonds / Face value of on bond

Where

Total face value of convertible bonds = $5,000,000

Face value of on bond = $1,000

Placing values in the formula

Numbers of Bonds = $5,000,000 / $1,000

Numbers of Bonds = 5,000 bonds

Now calculate the total Numbers of convertible shares

Numbers of Convertible shares = Numbers of convertible bonds x Convertible shares against each bond

Numbers of Convertible shares = 5,000 bonds x 200 shares per bond

Numbers of Convertible shares = 1,000,000 shares

Now calculate the total numbers of shares after conversion

Total Numbers of shares after conversion = Existing shares + Convertible shares

Total Numbers of shares after conversion = 3,000,000 shares + 1,000,000 shares

Total Numbers of shares after conversion = 4,000,000 shares

Now calculate the value of each bond if the net asset value is $30 million

Value of Bond = ( Net Asset / Total Numbers of shares after conversion ) x Numbers of convertible shares against each bond

Value of Bond = ( $30,000,000 / 4,000,0000 shares ) x 200 shares per bond

Value of Bond = $1,500 per bond


Related Questions

Read the scenario.

Raoul has just been promoted to a supervisor’s position, which is a steady job. He likes to enjoy life, take vacations, and change things up every now and then. That’s why he will not have a lot of extra money to spend on repairs and maintenance on his car.

Based on this scenario, Raoul should

buy a used car.
lease a used car.
buy a new car.
lease a new car.

Answers

Answer:

lease a new car.

Explanation:

Raul is better off leasing a new car due to the following reasons.

Raul likes to change things now and then.  With a lease, he can change the make and model of cars and often as he pleases.Raul does not have much money to repair and maintain his car. The best option is to lease a new car. A new car requires minimal maintenance. The cost of maintenance is not entirely up to Raul.

Given that Raoul would not want to spend money on repairs and car maintenance, it is best that: he lease a new car.

What is a car lease?

This is a type of financial agreement that exists where people would have to pay in order to drive a car instead of taking car loans that would have them own the car.

The lease would be beneficial because the car is new and he would not have to pay for much.

Read more on lease here: https://brainly.com/question/24460932

#SPJ2

Grape Vineyards LLC, the members of which include Howie and Ilya, can hold title to property because as a limited liability company the firm is

Answers

Answer:

A legal person

Explanation:

Limited liability company is a legal entity that is seperate from its owners. The owners of the company are only liable to pay the debts the companies owes to the extent of capital invested.

Also the company is allowed to own property that is not directly owned by the members.

As a legal person Grape Vineyards LLC can hold title to property.

There is no upper limit for members of a limited liability company.

The owners can therefore be distinct legally from the company as regards debts owed or property owned

. Do the negative amounts for cash from investing activities and cash from financing activities concern us

Answers

Answer:

Of course you should be concerned about negative cash outflows resulting from investing or financing activities.

Negative cash outflows for investing activities means that the company purchased more fixed assets or securities this year than the ones that were sold. E.g. the company purchased new equipment for $100,000. Investing activities usually require large amounts of cash.

If financing activities yield negative numbers, it means that either the company paid too much in dividends, or they paid long term debts (e.g. retired bonds or paid back bank loans), but at the same time did not raise enough capital to offset them.

When you are analyzing the finances of a company, cash is king. A company might be very profitable, but it will not survive it its cash flows are negative. If there are enough positive cash flows from operating activities to offset these other cash outflows, then the company should be OK. But if operating cash flows cannot offset them, then the company should be concerned.

Tammy, a single taxpayer, has a part-time job at BigCo, a company in which she has no ownership interest. In addition, she owns and operates LittleCo, a sole proprietorship that is a qualified trade or business. Tammy is paid wages of $40,000 by BigCo and has $100,000 in qualified business income from LittleCo. She has no other items of income or loss and $25,000 of itemized deductions. Assume the QBI amount is net of the self-employment tax deduction. What is her qualified business income deduction for 2020

Answers

Answer:

the deduction of the qualified business income is $20,000

Explanation:

The computation of the qualified business income is shown below:

= Qualified business income × deduction percentage

= $100,000 × 20%

= $20,000

The deduction percentage should be allowed 20% of the qualified business income and the same is to be applied

Hence, the deduction of the qualified business income is $20,000

What body of people do not have to worry about raising capital?

Answers

The answer you’re looking for is
-Entrepreneurs
I hope this helps! Have a good rest of your day/night :)

By defining after-tax income, demonstrate the differences resulting from a $500 tax deduction versus a $500 tax credit for a single taxpayer in the 12% tax bracket with $33,000 of pre-tax income.

Answers

Answer:

A $500 tax deduction decreases taxable income. For example, this taxpayer has $33,000 taxable income - $500 = $32,500

Total tax liability = $32,500 x 12% = $3,900

On the other hand, if the taxpayer receives a $500 tax credit, then tax liability = $33,000 x 12% = $3,960

If we apply the tax credit, total taxes owed = $3,960 - $500 = $3,460

The amount of taxes owed decreases significantly more with a tax credit.

The purpose of a value proposition is to quickly and easily convey a company or organization's product or service offering to its intended target market. For an organization or business to accomplish this and communicate an effective value proposition message, the value proposition should be:

Answers

Incomplete question. However, I provided added explanation of the term value proposition.

Explanation:

What is the value or usefulness of this service or product to me? By clearly telling your customers satisfying answers to the raised earlier you have communicated an effective value proposition message.

So in other words, an organization should have strong convincing value propositions; so that majority of your intended target market would not resist using that product or service for another alternative.

If your parents deposited $1,000 upon your birth and deposited $1,000 each year on your birthday including your 21st birthday. How much money will you have at the end of your 21st year if the investment earns 4% per year

Answers

Answer:

FV of annuity = $33247.96979 rounded off to $33247.97

Explanation:

To calculate the value of the investment at the end of the period, we will use the formula for the future value of annuity. The annuity is an annuity due as the investment is made at the start of the period. The formula for future value of annuity due is attached.

FV of annuity = (1+0.04) * 1000 *[((1+0.04)^21 - 1) / 0.04]

FV of annuity = $33247.96979 rounded off to $33247.97

Factory Overhead Rates, Entries, and Account Balance Sundance Solar Company operates two factories. The company applies factory overhead to jobs on the basis of machine hours in Factory 1 and on the basis of direct labor hours in Factory 2. Estimated factory overhead costs, direct labor hours, and machine hours are as follows: Factory 1 Factory 2 Estimated factory overhead cost for fiscal year beginning March 1 $972,660 $1,015,200 Estimated direct labor hours for year 14,100 Estimated machine hours for year 22,620 Actual factory overhead costs for March $77,570 $87,780 Actual direct labor hours for March 1,270 Actual machine hours for March 1,760 a. Determine the factory overhead rate for Factory 1. $fill in the blank dc186a016ffefd2_1 per machine hour b. Determine the factory overhead rate for Factory 2. $fill in the blank dc186a016ffefd2_2 per direct labor hour c. Journalize the entries to apply factory overhead to production in each factory for March. Factory 1 fill in the blank 904b41fddff3057_2 fill in the blank 904b41fddff3057_4 Factory 2 fill in the blank 904b41fddff3057_6 fill in the blank 904b41fddff3057_8 d. Determine the balances of the factory overhead accounts for each factory as of March 31, and indicate whether the amounts represent overapplied factory overhead or underapplied factory overhead. Factory 1 $fill in the blank 62d347fab007058_1 Factory 2 $fill in the blank 62d347fab007058_4

Answers

Answer:

See below

Explanation:

Application overheads = Predetermined overheads × Actual activity

Where

Predetermined overhead rate = Estimated overheads ÷ Estimated activity

Factory 1

Overheads are applied on the basis of machine hours

Predetermined overhead rate = $972,660 ÷ 22,620 = $43

Therefore, application overhead

= 1,760 × $43

= $75,680

Factory 2

Overheads are applied on the basis of direct labor hours

Predetermined overhead rate = $1,015,200 ÷ 14,100 = $72

Therefore, application of overheads = 1,270 × $72 = $91,440

Overhead account - Factory 1

Dr :

Bank

$77,570

Total

$77,570

Credit :

Work in process

$75,680

Under applied ( balance)

$1,890

Total

$77,570

Overhead account Factory 2

Debit :

Bank

$87,780

Over - applied (balance)

$3,660

Total

$91,440

I WILL MARK YOU BRAINLIEST IF YOU ANSWER CORRECTLY PLS HELP!

Select the ineffective subject lines.


This E-mail Message Contains Some Extremely Important New Information About Company Operations

Computer Time

Please Use the New Form in the Revised Employee Manual for Filling Out Your Time Sheets, the Procedure Has Changed

Job Evaluation Attached

New Accounting Process

HelpDesk Closed Fridays

Vending Machines Relocated

Answers

Answer:

I think its computer time?

Explanation:

Im not 100% sure but i hope this helps <3

Answer:

A and F

I think ....

Explanation:

What is a scientist who studies patterns of diseases called?
A.
A doctor
B.
An epidemiologist
C.
An informatics specialist
D.
A pharmacist

Answers

Answer:

An epidemiologist

Explanation:

An epidemiologist studies patterns of disease

hope this helps...

The answer is B. An epidemiologist

For a short term car rental/car sharing company like Zipcar, you are acquiring locations to park your fleet. Your decision depends on the operations strategy. Match the appropriate decision with the strategy: - Differentiation - Cost Leadership - Responsiveness A. Find parking locations that are within 10 minutes walking distance of residential areas. B. Find parking locations that are unique, such as near local attractions, and include interesting facts about the location in the customer interface. C. Find parking locations that are cheap.

Answers

Answer and Explanation:

The matching is as followS:

A. Responsiveness: In this you acted quickly as you want the parking locations that should be less than 10 minutes walking from your residental area

B. Differentiation: As it should be different, unique, facts that are interested regarding the location

C. Cost leadership: As the major factor is cost

7. What is the possible meaning of the changes in stock price for Berkshire Hathaway on the day of the acquisition announcement

Answers

Answer:

On the same day that announcement came, there have been inflationary pressures, which further indicates that prices are encouraged to demonstrate pointed ups and downs. Further analysis is provided below.

Explanation:

Whenever one business purchased something else, the acquisition market capitalization encourages people to dip partially or completely, although the specified company’s stock price begins to increase.The acquisition's current share market is crashing although it sometimes continues to pay a higher price to that same sales department but rather accrues available to fund the acquisition.

Assume the following information pertaining to Moonbeam Company: Beginning Ending Finished goods inventory $ 148,000 $ 140,200 Work in process inventory 97,000 119,000 Direct materials 132,000 147,400 Costs incurred during the period are as follows: Total manufacturing costs $ 920,000 Factory overhead 211,000 Direct materials used 166,200 Cost of goods sold is calculated to be:

Answers

Answer:

$905,800

Explanation:

Calculation for Cost of goods sold

Total manufacturing costs $ 920,000

Add Begining Work in process inventory 97,000

Less Ending Work in process inventory (119,000)

Cost of goods manufactured $898,000

Add Begining Finished goods inventory $148,000

Less Ending Finished goods inventory$ (140,200)

Cost of goods sold $905,800

Therefore the Cost of goods sold is calculated to be: $905,800

The demand for Carlo Rossi wine is relatively elastic since there are many other wines available to choose from. If the government decides to tax just this specific brand of wine, which of the following do you think will occur?
A. The majority of the tax will be paid by the producer
B. All of the tax will be passed on to the consumer
C. All of the tax will paid by by the producer
D. The majority of the tax will be paid by the consumer

Answers

Answer:

A. The majority of the tax will be paid by the producer

Explanation:

Elasticity of demand measures the rate of change in quantity demanded with changes in price.

When demand is relatively elastic it means that small changes in prices causes large change in quantity supplied.

So a small price increase will cause demand to drop by a large amount and vice versa.

In the given scenario Carlo Rossi wine has a relatively elastic demand coupled with other wine brands in the market. So an increase in price will cause demand to fall.

If the company is taxed by the government the only option they have is to bear majority of the tax

$1,000,000. Any excess of cost over book value was assigned to goodwill. During 2013, Sleat paid dividends of $24,000 and reported a net loss of $140,000. What is the balance in the investment account on December 31, 2013

Answers

Answer:

$950,800

Explanation:

Calculation for What is the balance in the investment account on December 31, 2013

Investment account balance=$1,000,000-(30%*$140,000)-(30%*$24,000)

Investment account balance=$1,000,000 - $42,000 - $7,200

Investment account balance= $950,800

Therefore the balance in the investment account on December 31, 2013 will be $950,800

The most important information needed to determine if companies can pay their current obligations is the

Answers

Answer:

the relationship between current assets and current liabilities

Explanation:

^

Olive Enterprises experienced the following events during Year 1: Acquired cash from the issue of common stock. Paid cash to reduce the principal on a bank note. Sold land for cash at an amount equal to its cost. Provided services to clients for cash. Paid utilities expenses with cash. Paid a cash dividend to the stockholders.

Answers

Answer:

THIS IS THE COMPLETE QUESTION:

Olive Enterprises experienced the following events during Year 1

1. Acquired cash from the issue of common stock.

2. Paid cash to reduce the principal on a bank note.

3. Sold land for cash at an amount equal to its cost.

4. Provided services to clients for cash.

5. Paid utilities expenses with cash.

6. Paid a cash dividend to the stockholders.

Explain how each of the events would affect the accounting equation by writing the letter I for increase, the letter D for decrease, and NA for does not affect under each of the components of the accounting equation.

1)ANSWER: the events that would affect the accounting equation in question (1) is as follows

✓Assets (I)

✓Liabilities (NA)

✓Equity (I)

2.)ANSWER: the events that would affect the accounting equation in question (2) is as follows;

✓Assets (D)

✓Liabilities (D)

✓ Equity (NA)

3. )ANSWER: the events that would affect the accounting equation in question (3) is as follows;

✓Assets (D)

✓ Liabilities (D)

✓Equity (NA)

4. ) ANSWER: the events that would affect the accounting equation in question (4) is as follows;

✓Assets (I)

✓Liabilities (NA)

✓Equity (I)

5. )ANSWER: the events that would affect the accounting equation in question (5) is as follows;

✓Assets (D)

✓ Liabilities (NA)

✓ Equity (D)

6) ANSWER: the events that would affect the accounting equation in question (6) is as follows;

✓Assets (D)

✓ Liabilities (NA)

✓Equity (D)

EXPLANATION:

The accounting equation gives how

assets, liabilities as well as equity relate with each other, which are elements of a balance sheet. This can be expressed below as

Assets = (Liabilities + Equity)

✓ liabilities are what the company is owning which can be money, examples are loans, accounts payable as well as mortgages.

✓Assets can be regarded as properties that are been owned by a company. This could be fixed assets,inventories

✓equity can be explained as when a company/ organization own an asset but is having some debts associated with it, it is difference between value of the assets and liabilities.

Which of the following is not something you typically see on your paycheck?
The pay period
Your identifying information
Deductions for federal or state taxes
Your dependents’ names

Answers

your dependents name

What types of regulations apply to all businesses, regardless of industry?

A. Personnel regulations

ОО

B. Regulations related to clean water laws

C. Regulations related to clean air laws

D. Caveat emptor regulations

Answers

In the all businesses, regardless of industry the type of regulation apply is personnel regulations. Personnel regulation specify how individuals are to be treated and their responsibilities. The correct option is (A).

What do you mean by business?

An innovative company or group that engages in professional activities is referred to as a business.

They could be industrial, commercial, or something else. Businesses that are for profit operate to make a profit, whereas those that are nonprofit do so to further a philanthropic cause.

In the event that a firm accrues debt, creditors may seize the owner's personal property. Corporate tax rates are not permitted in a firm structure. All business income is subject to personal taxation for the proprietor.

Therefore, in  the all businesses, regardless of industry the type of regulation apply is personnel regulations. Personnel regulation specify how individuals are to be treated and their responsibilities.

To know more about the business, visit:

https://brainly.com/question/15826771

#SPJ5  

Answer: Personnel regulations

A

Explanation: Just took the test

Renard Co. issued a note payable to National Bank on September 1, 2018, in the amount of $900,000. The note bears interest at 9% and is payable in three equal annual principal payments of $300,000. On the opening date, the bank's prime rate was 8%. The first payment for interest and principal was made on September 1, 2019. What will Renard record for accrued interest payable on December 31, 2019

Answers

Answer: accrued interest payable on December 31, 2019=$16,000

Explanation:

Principal  Amount left as of 31st December = $900,000  - $300,000 = $600,000

Therefore

Amount of Accrued Interest Payable = Principal(Amount) x Rate x Time (1st September 2019 till 31st December 2019)

$600,000 X 8% X 4/12

= $16,000

 

Before filling in the details of an outline, you have to know your audience. To do so, ask yourself questions about your readers. Explain how you would use the answer to the question, "Do my readers already know me?" to influence your outline.

Answers

Explanation:

Well, start off by asking what audience you want to reach? If you want to have a target audience to children, you would want to use easy-to-understand wording and most likely little kid characters who they could relate to.

Put yourself in the position of someone you want to target. Younger people? Well, how did you feel when you were younger/how do you feel now?

Do you're readers know you? Often authors will have similarities in the characters they write about, for instance a person of color might use a character who is also of color and explain about racial injustices they have.

Put yourself in their place and see from their pov!

Suppose you deposit $125 into a bank today earning 2.5% interest. How much money would you have after one year

Answers

Answer:

the money after one year is $128.125

Explanation:

The computation of the money after one year is shown below;

As we know that

Future value = Present value × (1 + rate of interest)^number of years

= $125 × ( 1 + 2.5% ) ^1

= $125 × 1.025

= $128.125

Hence, the money after one year is $128.125

what are the sectors of the business environment, and how do changes in them influence business decisions

Answers

Answer:

Business is affected by different factors which collectively form the business environment. These include economic, social, legal, technological and political factors. ... Business environment are categorized into three main categories; internal environment; operational environment; and general/external environment.

Mune Company recorded journal entries for the payment of $50,000 of dividends, the $32,000 increase in accounts receivable for services rendered, and the purchase of equipment for $21,000. What net effect do these entries have on owners' equity

Answers

Answer:

Decrease of $18,000

Explanation:

As there is a payment of dividend so it would reduce the stockholder equity by $50,000

And, there is an increase in account receivable for rendering the service that means the service revenue would increased so the stockholder equity would increased by $32,000

Now the net effect would be

= -$50,000 + $32,000

= -$18,000

Moral hazard is a barrier to financing global growth because:_______
a. firms sometimes have trouble determining whether they need funds or not.
b. if investors have trouble identifying high-risk firms they may be unwilling to give money to creditworthy firms.
c. there is the possibility that the funds are used for riskier behavior than the lender agreed to.
d. of the differences between financing using loans, portfolio investment and foreign direct investment.

Answers

Answer:

c. there is the possibility that the funds are used for riskier behavior than the lender agreed to.

Explanation:

True. The term "Moral Hazard" as used in an investment context, often refers to a scenario where one party with a lesser risk burden in a business agreement, deliberately takes investment risk that would be detrimental to others in the agreement who have a higher risk burden.

It is an unethical business practice; a moral hazard, and so acts as a barrier to investors who may want to finance global growth.

Which type of promotion does a business use in case its sales revenue has fallen below expectations?
Businesses generally use________ to attract more customers quickly, especially when their sales revenue is not up to the initial expectations.

Answers

Businesses generally use PROMOTIONS to attract more customers quickly, buying promotions will make your brand more known and make sales skyrocket
-hope this helps!!

Answer:

sales promotion

Explanation:

Helps encourage customers to buy their products, they might use this when their sales revenue is falling short of expectations

Consider a mutual fund with $203 million in assets at the start of the year and with 10 million shares outstanding. The fund invests in a portfolio of stocks that provides dividend income at the end of the year of $5 million. The stocks included in the fund's portfolio increase in price by 7%, but no securities are sold, and there are no capital gains distributions. The fund charges 12b-1 fees of 0.75%, which are deducted from portfolio assets at year-end. What is the rate of return for an investor in the fund?

Answers

Answer:

8.66%

Explanation:

The computation of the rate of return for the investor in the fund is as follows:

= (Net assets at the end  + dividend per share  - nav at the beginning of the year) ÷ (nav at the beginning of the year)

where,

Net assets at the end is

= $203 million + $203 million × 7% - ($217.21 million × 0.75%)

= $203 million + $14.21 million - $1.6291 million

= $217.21 million - $1.6291 million

= $215.58093 million

Dividend per share is

= $5 million ÷ 10 million shares

= 0.5

Nav at the beginning of the year is

= $203 million ÷ 10 million shares

= $20.3

Now the rate of return is

= ($215,.58093 + 0.5 - $20.3) ÷ ($20.3)

= 8.66%

Describe ways that technology and social media have changed the roles of managers since classic methods were used in the 1960s.

Answers

Answer:

Social media and technology has changed ways of routine business activities. Business managers are now conducting meeting over phone call or virtual meeting process. They are not having formal meeting as it was conducted in earlier era.

Explanation:

The technology has changed the leadership activities of managers. They are now using latest technology to solve problems and even simulation and other techniques are used for decision making process. Earlier managers used to calculate and forecast the business activities themselves and then make conclusions to make decisions.

You observe that the return on a 2-year Treasury bond is 4% and the return on a 3-year Treasury Bond is 7.2%. What is the one-year forward rate 2 years from now

Answers

Answer:

13.90%

Explanation:

Mathematically, the relationship between the different interest rates using the equation is shown below:

(1+S3)^3=(1+S2)^2*(1+2y1y)

The spot rate in year 3 is the same as the spot rate in year 2 multiplied by the 1-year forward rate beginning 2 years.

S3=3-year rate =7.2%

S2=2-year rate =4%

2y1y=one-year interest rate 2 years from now=the unknown

(1+7.2%)^3=(1+4%)^2*(1+2y1y)

(1+2y1y) =(1+7.2%)^3/ (1+4%)^2

2y1y=(((1+7.2%)^3/ (1+4%)^2)-1

2y1y= 1.138984142 -1

2y1y= 13.90%

Other Questions
how do i solve this equation-4p+9=-5 There is a line whose slope is 7 and whose y-intercept is 9. What is its equation in slope-intercept form? A triangle has angle measurements of 56, 73, and 510. What kind of triangle is it?acuterightobtuse I will give 50 points to the first person who answers this questionQuestion of the Day: Consider the equation 9 x = 5. a. Solve the equation by first adding x to both sides. b. Solve the equation by first subtracting 9 from both sides. c. Which approach, (a) or (b), did you prefer? Explain. Shondra buys a bedroom suite on the in-stallment plan. She makes a down payment of $200 and monthly payments of $52 each for three years. What is her total cost Why might the period of time after the classical period be known as the Middle Ages? The perimeter of a square is 56cm. Work out the area of the square. -10-7=?????????????? In the school chorus, 3 9 of the students are fourth graders. In simplest form, what fraction of the students in the school chorus are fourth graders? does anybody have songs i can use and re write themplease write on here1st person gets a crown1 or 3 sentences Can someone tell me why i should live (81m^6) 1/2 (Shift +6) Justin biked the same distance every day in the park after school. On Saturday he biked an additional 9 miles, and on Sunday he biked another 12 miles. If Justin biked a total of 86 miles in the 7-day period, how far did he bike each day after school? What are 3 examples of Chassis Wiring? Which list includes all of the factors of 24?2, 4, 6, 8, 10, 12, 14, 16, 18, 20, 22, 240,1,2, 3, 4, 6, 8, 1212, 24, 48, 961, 2, 3, 4, 6, 8, 12, 24 Solve for x:-2.3(x + 1.5) = -10.35Question 2 options:x = -6 x = -3x = 3x = 6 Put the following lengths in ascending order, 900cm, 8.9m, 895cm, 9.1m, 12000mm, 0.0092km. who is the last to know of Odyssey's return 1 laertes2 telemachus3 the suitors4 athena5 eumaeus made up of 100 memmbers two form each state