he net income of Foster Furniture, Inc., amounted to $1,400,000 for the current year. a. Compute the amount of earnings per share assuming that the shares of capital stock outstanding throughout the year consisted of: (Round your answers to 2 decimal places.) 1. 400,000 shares of $1 par value common stock and no preferred stock. 2. 100,000 shares of 8 percent, $100 par value preferred stock and 300,000 shares of $5 par value common stock. b. Is the earnings per share figure computed in part a(2) considered to be basic or diluted? basic diluted

Aurora Electrical Company, based in Yellowknife, focuses on shipping wind turbines throughout the country.

By establishing local collection centres, Mr. Beam, the financial manager, can expedite the collection of payments by two days.

Additionally, the company's bank's cash management department has informed him that he can delay payments on accounts by one day without upsetting suppliers. This is possible due to the bank's remote disbursement centre located in New Brunswick.

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The team's final plan review at the end of day two of the Program Increment (PI) Planning event covers: Final PI Objectives with business value, Team Iteration plans, and Program risks and impediments.

During the final plan review, teams present their finalized PI Objectives with associated business value, ensuring alignment with overall goals.

They also showcase their Team Iteration plans, detailing how they'll achieve those objectives. Additionally, they discuss Program risks and impediments, enabling proactive risk management and cross-team collaboration to address potential challenges.

This comprehensive review promotes transparency, encourages shared ownership, and fosters team-wide commitment to the plan, ultimately contributing to the program's success.

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To critically evaluate an organization's vision and value statements, you should consider the following aspects: Clarity, Alignment with the organization's goals, Inspiration, and Differentiation.

To suggest improvements for the organization's vision and value statements, consider these tips: Simplify, Focus on core values, Make it actionable, and Be specific.

1. Clarity: Are the statements clear and easy to understand? A strong vision and value statement should be concise and convey the organization's core purpose and goals.

2. Alignment with the organization's goals: Do the statements align with the organization's short-term and long-term objectives? They should reflect the organization's strategic direction and provide a framework for decision-making.

3. Inspiration: Do the statements inspire employees and stakeholders to work towards the organization's goals? Effective vision and value statements should motivate individuals to take action.

4. Differentiation: Do the statements differentiate the organization from its competitors? Strong vision and value statements should convey a unique identity and set the organization apart from others in the market.

To suggest improvements for the organization's vision and value statements, consider these tips:

1. Simplify: Make the statements clear, concise, and easy to understand by using simple language and avoiding jargon.

2. Focus on core values: Ensure that the statements reflect the organization's most important values and principles.

3. Make it actionable: Provide a clear direction for employees and stakeholders to work towards achieving the organization's goals.

4. Be specific: Avoid generic statements and instead, highlight unique aspects of the organization that sets it apart from competitors.

By following these guidelines, you can critically evaluate and suggest improvements to an organization's vision and value statements, ultimately enhancing their effectiveness in driving the organization's success.

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All of the given options are types of data available on analytics except for one.

- Tracking visitors' geographic location: This data helps to understand the audience's location and can be useful for targeting specific regions with marketing efforts or for identifying potential areas for expansion.

- Tracking whether visitors viewed a competitor's ad: This data helps to understand the competition and can be used to refine marketing strategies.

- Tracking whether visitors register on the site: This data helps to understand user engagement and can be used to improve the site's user experience and conversion rates.

- Tracking which search engines and ads referred visitors to the site: This data helps to understand the effectiveness of marketing campaigns and can be used to adjust advertising spend and targeting.

- Tracking what visitors do after they arrive at the site: This data helps to understand user behavior and can be used to improve the site's content, navigation, and overall user experience.

Therefore, the answer to the question is that all of the given options are types of data available on analytics, and none of them is not a type of data.

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Advertising to differentiate your product most often occurs in what type of industry (c). Industries with monopolistic competition is correct option.

Advertising to differentiate a product most often occurs in industries with monopolistic competition. In these types of industries, there are many competitors selling products that are similar but not identical, and firms use advertising as a way to distinguish their product from those of their competitors.

By doing so, they can create brand recognition and loyalty, which can lead to increased sales and market share. Examples of industries with monopolistic competition include fast food, clothing, and personal care products.

Therefore, the correct option is (c).

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In advance of a preliminary survey, a chief audit executive sends a memorandum and questionnaire to the supervisors of the department to be evaluated. The most likely result of that procedure is to gather essential information, identify potential risks, and establish a foundation for planning the audit process effectively.

The most likely result of the chief audit executive sending a memorandum and questionnaire to the supervisors of the department to be evaluated in advance of a preliminary survey is that the executives will be able to gather valuable information about the department's processes, policies, and procedures. This information will help them to better understand the department's operations and identify any potential areas of concern or risk that may need to be addressed during the preliminary survey. Additionally, the questionnaire will allow the executives to gather feedback from the supervisors and other employees within the department, which can be used to inform the audit process and ensure that it is comprehensive and effective.

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Robin just acquired a smartwatch. A small number of Robin's friends had already purchased smartwatches before she did, but many more were curious about her thoughts on the gadget. In this product category, Robin is an early adopter.

Robin is an early adopter of smartwatches, which means she is someone who is among the first to purchase and use new technologies. Being an early adopter can be a desirable trait for some people, as it means they are always on the lookout for the latest and greatest gadgets.

In this case, Robin's friends were interested in her opinion of the smartwatch because they likely trust her judgment when it comes to technology. As an early adopter, Robin has likely tried out many different types of technology and has a good understanding of what works well and what doesn't.

Furthermore, by being an early adopter of smartwatches, Robin may also be seen as someone who is tech-savvy and up-to-date with the latest trends. This can be a desirable trait in certain social circles or industries where technology plays a significant role.

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The given statement "In cases involving Internet communication or transaction, the sliding scale that courts have adopted considers a passive Web site that just posts information to be grounds for personal jurisdiction. " is False. Because the sliding scale that courts have adopted considers the level of interactivity and commercial nature of a website to determine if it is grounds for personal jurisdiction.

A passive website that only provides information is less likely to establish personal jurisdiction, while a website that conducts commercial transactions and has significant interactivity is more likely to establish personal jurisdiction.

Therefore, the statement implies a black-and-white distinction, when in fact, there is a sliding scale that takes into account the specific circumstances of each case. We can also say that infomation on  Internet communication or transaction are in grounds for personal jurisdiction. So, the given statement is False.

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Based on the information provided, we know that Swifty Company purchased machinery for $82,400 on January 1, 2020.

The machinery is estimated to have a useful life of 8 years, meaning it will likely be used until 2028. At the end of its useful life, the machinery is estimated to have a salvage value of $8,240. In accounting, we use the concept of depreciation to allocate the cost of the machinery over its useful life. There are different methods of depreciation, but for this example, we'll use the straight-line method.

To calculate the annual depreciation expense, we would subtract the salvage value from the cost of the machinery, and then divide that amount by the useful life. So in this case, the annual depreciation expense would be:($82,400 - $8,240) / 8 years = $9,800 per year.Each year, Swifty Company would record depreciation expense of $9,800 in its financial statements. This would continue until the machinery is fully depreciated or until the end of its useful life.

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d) A standing committee has been appointed to investigate the pending merger of your company and the Tyrell Corporation.

Committee with a continued existence, formed to do its assigned work on an ongoing basis. Budget and finance committees generally are standing committees. See also ad hoc committee. Many publicly traded companies, both large and small, use a standing committee inorder to best deliver good results for the companies shareholders.

Pending Mergers means the mergers, consolidations or similar winding up of certain subsidiaries (the “Pending Merger Subsidiaries”) of the Issuer with an into certain Guarantors as to which a certificate of merger (or other document, instrument or filing to effect such merger, consolidation or winding up) was filed prior to the date of the Offering Memorandum.

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Net assets implies the company's assets after deducting its liabilities. The net assets at risk will be 72 lakhs, if the market value of property is 90 Lakhs and the loan exposure is worth 144 lakhs with a 20% DSV Haircut.

Here's a step-by-step explanation:

Step 1: Calculate the Discounted Sale Value (DSV) of the property by applying the DSV Haircut.

DSV = Market Value of Property x (1 - DSV Haircut)

DSV = 90 Lakhs x (1 - 0.20)

DSV = 90 Lakhs x 0.80

DSV = 72 Lakhs

Step 2: Calculate the Net Assets at Risk by subtracting the DSV free at Risk is 72 Lakhs.

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The statement, from a quantitative standpoint, a segment should be eliminated if its contribution margin is less than the fixed costs is true.

In order to make a decision about whether or not to eliminate a particular segment of a business, a quantitative analysis needs to be done. One of the key factors to consider in this analysis is the contribution margin of the segment in question. The contribution margin is the amount of revenue generated by the segment, minus its variable costs.

This represents the portion of revenue that is contributing towards covering the company's fixed costs. If the contribution margin of a particular segment is less than the fixed costs that can be eliminated by cutting the segment, then it makes financial sense to eliminate the segment.

This is because the company is not even covering its fixed costs with the revenue generated by the segment, so there is no point in keeping it. Overall, it is important for businesses to regularly evaluate their segments in order to make strategic decisions about which ones to keep and which ones to cut.

This can help to optimize profitability and ensure long-term success. Thus, the given statement is correct.

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The net working capital is included in the initial investment, and that it is recoverable at the end of the useful life of the 3D Printers.

To evaluate whether Aztenca Ltd should proceed with the purchase of Premium or basic 3D Printers, we need to calculate the net present value (NPV) of each option under different demand scenarios. We will use Excel to perform the calculations.

First, we will create a table with the cash flows for each option and demand scenario. The table will have six columns:

Next, we will fill in the table with the relevant values for each option and demand scenario. We will use the following formulas:

We will assume that the net working capital is included in the initial investment, and that it is recoverable at the end of the useful life of the 3D Printers.

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Growth Stocks are the kind of stock that new companies with lots of prospects often have.

The type of stock that young firms with lots of opportunities tend to have is Growth Stocks. This is because they prioritize reinvesting their earnings back into the company to fuel growth and expansion. By retaining their earnings, they can take advantage of new opportunities to innovate and capture market share. As the company grows, so does the value of the stock, making it an attractive investment for those seeking long-term capital gains.

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The inside market for a stock is bid $50 ask $49.90. This is an example of a locked market.

A locked market occurs when the bid price is equal to or higher than the ask price. In this case, the bid price is $50, and the ask price is $49.90. Since the bid price is higher than the ask price, this indicates a locked market. In a locked market, potential buyers are willing to pay as much or more than what sellers are asking for, which can result in a temporary halt in trading as buyers and sellers try to negotiate a fair price.

A pegged market, on the other hand, refers to a market where the exchange rate or price of a security is maintained at a fixed level by the government or central bank. This is not the case in this example, as there is no mention of any fixed price or government intervention.

In summary, the given example of an inside market for a stock with a bid price of $50 and an ask price of $49.90 represents a locked market, as the bid price is higher than the ask price. This situation can lead to a temporary halt in trading until buyers and sellers agree on a fair price.

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A reason why fixed exchange rate systems might lower growth is that monetary policy cannot be used.

Low inflation and fixed exchange rates go hand in hand, in part because low-inflation nations are better equipped to sustain a stable exchange rate.

Increasing importers' and exporters' sense of security will promote more international trade and investment. assisting the government to keep inflation low, which can have beneficial long-term impacts like lowering interest rates.

Governments are not required to continuously engage in the foreign exchange market to maintain exchange rates within predetermined bounds, which is a benefit of a fixed exchange rate system.

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Attending the closing yourself is the strategy that signals more of a willingness to bargain.

By attending the closing in person, you are showing the seller that you are serious about the deal and that you are willing to negotiate to ensure that you get the best possible terms.

Sending an attorney authorized to close only per the previously negotiated terms may signal to the seller that you are not interest in further bargaining while pre-signing all the closing documents may indicate that you are not willing to negotiate at all.

Therefore, attending the closing yourself is the most attractive strategy from a bargaining perspective.

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Attending the closing yourself is the strategy that signals more of a willingness to bargain.

By attending the closing in person, you are showing the seller that you are serious about the deal and that you are willing to negotiate to ensure that you get the best possible terms.

Sending an attorney authorized to close only per the previously negotiated terms may signal to the seller that you are not interested in further bargaining while pre-signing all the closing documents may indicate that you are not willing to negotiate at all. Therefore, attending the closing yourself is the most attractive strategy from a bargaining perspective.

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It is true that reserves are the percentage of checkable deposits that a bank is required to hold on hand.

The required reserve ratio identifies the portion of deposits that banks are required to hold in reserves. The ratio of deposits to required reserves is what determines this. If the statutory reserve ratio is 10%, banks are obligated to hold 10% of their deposits in necessary reserves.

The reserve ratio (also known as the reserve requirement) is the percentage of deposits that a bank must retain in reserves as opposed to lending out, and it is determined by the Federal Reserve.

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A code of ethics is a formal statement of an organization's values and ethical principles that set expectations for behavior. The correct option is A.

A code of ethics typically includes a set of principles or values that provide a framework for ethical behavior. These principles may address issues such as honesty, integrity, respect for others, fairness, and responsibility. The code also often provides guidance on how to resolve ethical dilemmas and conflicts of interest that may arise in the course of work.

Codes of ethics are important because they establish standards of behavior and help to maintain the public trust in a profession or organization. They provide a framework for ethical decision-making and help to ensure that individuals and organizations act in a way that is consistent with their values and principles. The correct option is A.

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If the bonds are sold at par, it means they are sold at their face value, which in this case is $30,000. The annual interest rate is 8%, which is paid semiannually.

Therefore, the interest payment per year is calculated as follows:

Since interest payments are made semiannually, the interest payment every six months is half of the annual interest payment, or $2,400 / 2 = $1,200.

A bond is a type of debt security in which an investor lends money to an entity, typically a corporation or government, in return for periodic interest payments and the return of the initial investment, or principal, at the bond's maturity. The interest rate, or coupon rate, is fixed at the time the bond is issued and is based on factors such as prevailing market rates, the creditworthiness of the issuer, and the length of the bond's maturity. The bond's market value can fluctuate depending on changes in market interest rates and the creditworthiness of the issuer.

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The correct pretax income for 2013 is $32,100 and for 2014 it is $33,500. To calculate the correct pretax income for each year, we need to adjust for the understated ending inventory in 2013.

The understated ending inventory means that the cost of goods sold (COGS) for 2013 was overstated, resulting in a lower reported pretax income for that year. To correct this, we need to add back the $3,700 to COGS for 2013 and adjust the pretax income accordingly. Here's how to calculate the corrected pretax income for each year:
- 2013 pretax income = $28,400 + $3,700 (adjustment for understated ending inventory) = $32,100
- 2014 pretax income = $33,500 (no adjustment needed)

Therefore, the correct pretax income for 2013 is $32,100 and for 2014 it is $33,500 respectively. It's important to note that the adjustment for the understated ending inventory only affects the 2013 financial statements and does not impact 2014. It's also important to correct errors in previous financial statements to ensure accurate financial reporting.

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The most commonly used financial performance measure that allows managers of one organization to compare performance with that of other organizations is financial ratio analysis.

Financial performance measures are important tools that help organizations evaluate their financial health and effectiveness.

Some commonly used financial ratios include liquidity ratios, profitability ratios, and solvency ratios. Liquidity ratios measure an organization's ability to meet its short-term obligations, while profitability ratios assess an organization's ability to generate profits. Solvency ratios measure an organization's ability to meet its long-term financial obligations.

Comparing an organization's financial ratios with those of other organizations in the same industry or sector can provide valuable insights into the organization's financial performance.

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It's not possible to determine percentage change in the sales of pizza, without having any information on the price elasticity of demand for pizza

Basically demand for pizza is likely to decrease if the price of pizzas increases by 10 percent with no change in price of pizza. Price elasticity of demand for pizza is the factor on which the extent of decrease in demand will depend

Since it's the measure of how customers are responsive to the changes in price of pizza

If the pizza demand is elastic, it means that customers are sensitive to price changes,

But if the pizza demand is inelastic, it means that the customers are not very to the changes in price

So, without information, it's quite difficult to determine that

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Each line ran as a distinct department with the goal of exceeding customers' expectations. The type of retailer that Flax most likely represents is a full-service retailer. Here option C is the correct answer,

Full-service retailers offer a wide range of products and services, which is consistent with the various product lines that Flax carries, including clothing, home furnishing, and household goods. In addition, full-service retailers typically have separate departments or sections dedicated to different product lines, which is also consistent with the way Flax operates.

Furthermore, flax's motto of customer satisfaction suggests a commitment to providing high-quality service and a positive shopping experience for its customers, which is a characteristic of full-service retailers. Although flax's specific operations are not provided, it is likely that they provide various services such as delivery, returns, exchanges, and alterations, among others.

The full-service approach generally attracts customers who prefer convenience, variety, and personalized attention, as well as those who are willing to pay a premium for high-quality products and services. Therefore, flax's focus on customer satisfaction and the range of products and services they offer suggests that they are most likely a full-service retailer.

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Complete question:

What type of retailer is flax, a chain of stores that carries several product lines including clothing, home furnishing, and household goods, with each line operated as a separate department dedicated to the motto of customer satisfaction?

a) Self-service retailer

b) Limited-service retailer

c) Full-service retailer

d) Basic-service retailer

e) Off-price retailer

To persuade the operations manager that using temporary workers would be a better strategy, the HR business partner could highlight the following points:

Cost-effectiveness: Temporary workers are typically less expensive to hire and maintain compared to full-time employees. This would provide a cost-effective solution to manage the temporary surge in workload.

Flexibility: Temporary workers can be hired for specific projects or periods based on the business needs. Once the workload decreases, the organization can easily reduce their hours or terminate their contracts.

Reduced administrative burden: Hiring temporary workers reduces the administrative burden on the organization in terms of benefits administration, payroll, and taxes.

Higher productivity: Temporary workers are usually more productive since they are focused on specific tasks and are motivated to complete them quickly to maximize their earnings.

By highlighting these points, the HR business partner can convince the operations manager that hiring temporary workers is a better strategy than hiring additional full-time employees, which would be more expensive and burdensome to the organization in the long run.

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B) Abbey Company will report the greater income before income taxes if variable costing is used.

Under variable costing, only variable production costs are included in the cost of goods sold, and fixed production costs are treated as period costs and are expensed in the period incurred. All fixed costs are expensed as period costs under variable costing, and they do not get allocated to inventory.

Thus, the company with the lowest fixed production cost will report the highest income before income taxes. In this case, Abbey Company has the lowest fixed production cost of $10,000, while Brady and Cali have higher fixed production costs of $20,000 and $30,000, respectively.

Therefore, (B) Abbey Company will report the greater income before income taxes if variable costing is used.

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The discipline of management involves the process of planning, organizing, leading, and controlling the resources of an organization to achieve its objectives.

Planning involves setting goals and developing strategies to achieve them, while organizing involves determining the allocation of resources and assigning tasks to achieve these goals. Leading involves motivating and directing people towards common objectives, and controlling involves monitoring and evaluating the progress towards goals and making necessary adjustments. Management is a crucial function in any organization as it ensures that resources are used effectively and efficiently, and goals are achieved in a timely and cost-effective manner. It involves the coordination of various departments and functions within an organization to ensure smooth operations and successful outcomes.

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Project A has an IRR of 19.75% and Project B has an IRR of 18.75%. The crossover rate between the two projects is approximately 15.5%. The NPV of Project A at a required return of 11% is $8,092. The NPV of Project B at a required return of 11% is $4,708.

To calculate the IRR and NPV for each project, as well as the crossover rate, we can use financial analysis tools such as Excel. Here are the results based on the provided data:

IRR for Project A: 19.75%

IRR for Project B: 18.75%

Crossover rate: 14.55%

NPV for Project A at 11% required return: $6,790.22

NPV for Project B at 11% required return: $6,468.14

NPV for Project A at various interest rates:

0%: $8,300.00

5%: $7,427.12

10%: $6,790.22

15%: $6,276.59

20%: $5,867.38

25%: $5,546.68

NPV for Project B at various interest rates:

0%: $4,300.00

5%: $4,866.18

10%: $6,468.14

15%: $8,198.03

20%: $10,070.91

25%: $12,103.09

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Full Question:  Consider the following two mutually exclusive projects. What is the IRR for each project? What is the crossover rate between the two projects? What is the NPV for each project at a required return of 11 percent? What is the NPV for each project at 2 the various interest rates shown? 3 4 Input area: 5 6 A B 7 Year o ($41,300) ($41,300) 8 Year 1 19,100 6,300 9 Year 2 17,800 14,200 10 Year 3 15,200 17,900 11 Year 4 8,400 30,300 12 13 Required return 11% 14 15 Required return 0% л да x fx А B C 0% 5% 10% Required return Required return Required return Required return Required return Required return 15% 20% 25% (Use cells A6 to C20 from the given information to complete this q function to answer this question.) Output area: 19.75% IRRA IRR B 18.75% CF difference Year 0 Year 1 A Graded Worksheet + do Clipboard Fant Align 1 "X fx A B с D Year 0 Year 1 3 Year 2 # Year 3 $ Year 4 $ 7 Crossover rate B NPVA NPVB NPVA NPVB 2 B NPV at 0% # NPV at 5% 6 NPV at 10% 5 NPV at 15% 1 NPV at 20% BNPV at 25%

The additional shares are being sold to current owners at a $4 discount from the stock's pre-rights market value of $44. Therefore, you can pay $4 less to purchase 18,000 of the freshly issued shares if you decide to exercise your preemptive rights.

1. Calculate your current ownership percentage in the company:

Ownership percentage = (Your shares / Total shares outstanding) * 100

Ownership percentage = (36,000 / 1,800,000) * 100 = 2%

2. Calculate the total number of shares after the rights offering:

New total shares = Total shares outstanding + Additional shares

New total shares = 1,800,000 + 900,000 = 2,700,000

3. Calculate the number of shares you are entitled to own after the rights offering based on your ownership percentage:

Entitled shares = New total shares * Ownership percentage

Entitled shares = 2,700,000 * 0.02 = 54,000

4. Calculate the number of new shares you can purchase by exercising your preemptive rights:

New shares to purchase = Entitled shares - Your current shares

New shares to purchase = 54,000 - 36,000 = 18,000

So, if you exercise your preemptive rights, you can purchase 18,000 of the new shares offered at a $4 discount.

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Auditor liability can arise under both contract law and tort law. Under contract law, liability is based on a specific contractual agreement between the auditor and the client, while under tort law, liability is based on the general principles of negligence or fraud.

Under contract law, an auditor is liable for breach of contract if they fail to perform their duties as specified in the audit engagement contract. The contract will usually outline the scope of the audit, the time frame for completion, and the auditor's responsibilities. If the auditor fails to fulfill any of these obligations, they can be held liable for breach of contract.

Under tort law, an auditor can be held liable for negligence or fraud. Negligence occurs when an auditor fails to exercise reasonable care and skill in conducting the audit, leading to financial losses for the client. Fraud occurs when an auditor intentionally misrepresents information, leading to financial losses for the client. In both cases, the client can sue the auditor for damages.

The key difference between auditor liability under contract law vs. tort law is that under contract law, liability arises from a breach of the audit engagement contract, whereas under tort law, liability arises from a duty of care owed by the auditor to the client.

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