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can someone please confirm if these are done correctly? pls provide your work for a thumbs up Knsen Knnax Exports, Inc, is a public company

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Knsen Knnax Exports, Inc, is a public company locited in Clancy, New Mexico. The Knox family stil owrs a third of the outstanding voting shares. Knox is the only company with reliable sources for its impored gifs. The company does a trisk business with specialy stores such as Neiman Marcus. Knox's recent success has made the company a prime targat for a tavoover. An investment group is atternptng to buy 52 percent of Knos's outstanding shares against the wishes of Knok's board of diroctors. Board mombers are convinced that the investors would sell the most desirable pleces of the bialness and leave litte of value. At the most recent board meeting. several suggestions were advanced to fight of the hosiele takeover bid. The suggostion with the most promise is to repurchase a significant quantif of outstanding shares, Know hat the cash to carry out this plan. Required Suppose you are a significant ahoroholder of Karen Knox Exports, Inc. Complote the memorandum to explain to the board how the repurchase of shares would make it diffouit for the investor group to take over Knok. incude a discussion of the elfoct that repurchaving sharet would have on stares outatanding and on the size of the corporation. To: Karen knex Expots, inc, Board of Drectors Rei How the repurchase of shares woud make it diffoal for the investor group to take over Knos. Purchasing sharns It Karen Knox Exports repurchases a significant quantity of shares, outsiders, such as the investor group. acquie a contoaing interest (50* pertenf) of the oututanding ahares from the remaining stareholders. Because it takes canh to repurchase ahares, the purchase the size of the copporation. Reducing the company's cash poution may make the comgany surficienty Unattractive to cavse the outride inversors to abandon their takeover plan. Wortdwide Publishing ine was recently organized. The company issued common shares to a lawyor who provided legal sorvices of $16,000 to help organize the corporation. Worlswite a'so issued common ahaves to an inventor in exchange for hin patent with a fair value of $120,000. In addition, Wondwide received cash boan for the issuance of 5.000 of its preforred sharns at 5145 per ahain and for the issuance of 20,000 comrnon shares of $25 per share. During the fet year of opefations. Worldwide earned net income of $80,000 and techared a cash dividend of 545 . 000 . Without making joumal entries, detemine the total share capital created by these transactioms. A copporation has 15,00059.00 prefered shares cutstanding with a stated value of 52,700,000. Aho, there are 15.000 conmon shares outstanding. If a 5430,000 dividend is paid, how much goes to the preterned shareholsers? A $0. e. 1135.000 c. $400.000 D. 1460.000 E. 3430,000

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