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Designs and manufactures advanced integrated digital technology platforms. The company has never earned a profit. In 2009, Intel issued $2,000,000,000 of junior subordinated convertible notes at 3.25 percent due in 2039 at face value. The notes are convertible into common stock at a price of $22.45 per share, which at the time of issue was above the market price. The market value of Intel's common stock ranged from $19.16 to $25.66 in 2011.12 What reasons can you suggest for Intel's management choosing notes that are convertible into common stock rather than simply issuing nonconvertible notes or issuing common stock directly? Are there any disadvantages to this approach? If the price of the company's common stock goes to $17 per share, what would be the total theoretical value of the notes? If the holders of the notes were to elect to convert the notes into common stock, what would be the effect on the company's debt to equity ratio, and what would be the effect on the percentage ownership of the company by other stockholders?
Wissota Co. has a material standard of 2 pounds per unit of output. Each pound has a standard price of $12 per pound. During February, Wissota Co. paid $57,220 for 4,840 pounds, which were used to produce 2,400 units. What is the direct materials qua..
Love Theatre Inc. owns and operates movie theatres throughout New Mexico and Utah. Love Theatre has declared the following annual dividends over a six-year period: 2009, $30,000; 2010, $90,000; 2011, $143,000; 2012, $180,000; 2013, $225,000; and 2014..
Prepare the journal entry in the books of Ren Ltd for the year ended 30 June 20x3 to equity account its investment in Wei Ltd.
calculation of different variances.downes consolidated industries international uses a standard cost system and records
The accounting records of Georgia Company revealed the following costs: direct materials used, $250,000; direct labor, $425,000; manufacturing overhead, $375,000; and selling and administrative expenses, $220,000. Georgia's product costs total: Costs..
Cash Discount Versus Loan: Joanne Germano works in an accounts payable department of a major retailer. She has attempted to convince her boss to take the discount on the 1/15 net 65 credit terms most suppliers offer, but her boss argues that giving u..
Describe the role of managerial accounting in your current or former place of business. If you have not been employed by a company that uses managerial accounting.
Should GAAP take a different approach from the IRS with respect to the accounting for bad debt expense? Does this not just needlessly complicate matters?
What is Elaine's net capital gain or loss? Draft a letter to Elaine describing how the net capital gain or loss will be treated on her tax return. Assume Elaine's income from other sources puts her in the 35% bracket. Elaine's address is 3000 Ire..
Should the housekeeping program be discontinued? Explain and Recast the above data in a format that would be more useful to management in assessing the long-run financial viability of the various services
Prepare a consolidated income statement from the given data - Consolidated Income Statement of Big For the year ended 2006
As a long-term investment at the beginning of the year, Acquisitions, Inc., purchased 2 million shares (20%) of Takeover Target’s 10 million shares outstanding for $38 million. During the year, Takeover Target earned net income of $7.6 million and di..
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