Bundle: The Legal Environment Of Business: Text And Cases, 10th + Mindtap Business Law, 1 Term (6 Months) Printed Access Card
10th Edition
ISBN: 9781337374835
Author: CROSS
Publisher: CENGAGE L
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Chapter 28, Problem 3RE
Summary Introduction
Case summary: Person DE was serving as the chief financial officer for a company REC. The company was a distributor of serving electricity in portions of North Dakota. Company REC was taking over company DGI that was distributing natural gas within North Dakota. DE went on a trip to fishing with his uncle EW. During the trip, DE told his uncle that he has been investing a lot of extra time in company REC as it was taking over the natural gas distributing company, DGI. P EW after returning from the trip purchased a stock of $20,000 in company REC. The value of stock rose by 72 percent that resulted in a profit of $14,400 at the time when EW sold his stock of REC.
To explain:The theories court will use to hold EW liable for insider trading.
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Yam Corporation plans to sell 53,000 units of its single product in March. The company has 3,600 units in its March 1 finished-goods inventory and anticipates having 2,100 completed units in inventory on March 31. On the basis of this information, how many units does Yam plan to produce during March?
Marcos is the sole owner and operator of Great Jet Company. As of the end of its accounting period, December 31, Year 1, Great Jet Company has assets of $997,000 and liabilities of $277,000. During Year 2, Marcos invested an additional $49,000 and withdrew $36,000 from the business. What is the amount of net income during Year 2, assuming that as of December 31, Year 2, assets were $875,000, and liabilities were $260,000?
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Bundle: The Legal Environment Of Business: Text And Cases, 10th + Mindtap Business Law, 1 Term (6 Months) Printed Access Card
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