Question

Why would a person own all of the stock of two companies (1) a manufacturer of...

Why would a person own all of the stock of two companies (1) a manufacturer of Snowmobiles and (2) the other only owns equipment all of which is leased to company 1? Please explain in a paragraph or two

0 0
Add a comment Improve this question Transcribed image text
Answer #1

Ans:- A snowmobile, also known as motor sled, snowscooter is a motorised vehicle designed for winter travel and recreation on snow.

It is designed to be operated on snow and ice and does not require a road or trail, but most are driven on open trails. Snowmobiling is a sport that many people have taken on as a serious hobby.

Renting your own equipment is much more affordable than a Tour! Quality gear and trailers are included in the rental price and two vehicles are available for rent. Our knowledgeable staff can provide you with maps, directions and tips on any of our riding areas.

Hence a person would own all of the stock of the two companies.

Add a comment
Know the answer?
Add Answer to:
Why would a person own all of the stock of two companies (1) a manufacturer of...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • An investor owns two companies, A and B, each with its own intranet which has been in use for sev...

    An investor owns two companies, A and B, each with its own intranet which has been in use for several years. An investigation of the intranets shows that Company A intranet performs better than Company B intranet. What could be the reasons behind this? Explain, giving examples.

  • 3 Cash Dividend or Stock Dividend Why would a person investor) prefer to collect cash dividend...

    3 Cash Dividend or Stock Dividend Why would a person investor) prefer to collect cash dividend instead of stock dividend? Why would a person (investor) prefer stock dividend instead of cash dividend? Explain which you would prefer and why? And if you expect this to change in the future for any reason.

  • please also discuss why two other options are incorrect 5. A stakeholder is: a.) A person...

    please also discuss why two other options are incorrect 5. A stakeholder is: a.) A person who owns shares of stock. b.) Any person who has voting rights based on stock ownership of a corporation. c.) A person who initially founded a firm and currently has management control over that firm. d.) A creditor to whom a firm currently owes money. e.) Any person or entity other than a stockholder or creditor who potentially has a claim on the cash...

  • 5. A corporation has 1,000 shares of stock outstanding. One person owns 60% of the stock...

    5. A corporation has 1,000 shares of stock outstanding. One person owns 60% of the stock and the minority stockholders together own the other 40% of the stock. If the company is voting for 10 director positions, and if all votes are cast using a straight voting method, how many candidates favored by the majority owner will win the director positions?

  • Current assets for two different companies at fiscal year-end are listed here. One is a manufacturer,...

    Current assets for two different companies at fiscal year-end are listed here. One is a manufacturer, Rayzer Skis Mfg., and the other, Sunrise Foods, is a grocery distribution company. Account Cash Raw materials inventory Merchandise inventory Work in process inventory Finished goods inventory Accounts receivable, net Prepaid expenses Company 1 Company 2 $ 5,000 $3,000 34,375 37,375 25,000 45,000 57,000 76,000 4,500 900 Required: 1. Identify which set of numbers relates to the manufacturer and which to the merchandiser. 2a....

  • Current assets for two different companies at fiscal year-end 2017 are listed here. One is a...

    Current assets for two different companies at fiscal year-end 2017 are listed here. One is a manufacturer, Exercise 18-7 Rayzer Skis Mfg. and the other, Sunrise Foods, is a grocery distribution company 1. Identify which set of numbers relates to the manufacturer and which to the merchandiser 2. Prepare the current asset section for each company from this information. Discuss why the current as- CA Balance sheet identific and preparation set section for these two companies is different. Account Company...

  • I need all three required parts Current assets for two different companies at fiscal year-end 2017...

    I need all three required parts Current assets for two different companies at fiscal year-end 2017 are listed here. One is a manufacturer, Rayzer Skis Mfg., and the other, Sunrise Foods, is a grocery distribution company. 10 Account Cash Raw materials inventory Merchandise inventory Work in process inventory Finished goods inventory Accounts receivable, net Prepaid expenses Company 1 Company 2 $13,000 $11,000 37,125 40, 125 27,000 47,000 66,000 84,000 3,500 700 points Skipped Required: (1) Identify which set of numbers...

  • 1. Why is growing the number of users such an important metric for social media companies?...

    1. Why is growing the number of users such an important metric for social media companies? How does Metcalfe’s Law relate to the profitability of social media companies? 2. Most social media companies rely on ad revenue as their main source of income. What are other ways that LinkedIn generates income? Why is it important for a company to have multiple ways of generating income? 3.Why do recruiters and job seekers like LinkedIn? Explain why an employer may dislike LinkedIn....

  • . Discuss in which industries most companies do not pay dividend and why? 2. Which factors...

    . Discuss in which industries most companies do not pay dividend and why? 2. Which factors do you consider in order to value the stock of a company that does not pay dividend and how would you value the stock? 3. Select two publicly traded companies from two different industries and discuss how you would value the stock of those companies. Are your selected stocks overpriced or underpriced by the market?

  • Instructions: Here is some recent financial data for a number of companies. Net Income and #...

    Instructions: Here is some recent financial data for a number of companies. Net Income and # of shares outstanding are in thousands. L Brands (LR) Tapestry (TPR) PVH (PVH) The Gap (GPS) Abercrombie & Fitch (ANF) # shares Annual Income outstanding $644,000 319,930 $397,500 286,600 $746,400 77,300 $1,003,000 385,000 Stocks price per share $18.56 S25,49 $84.48 $16.23 $74,541 69,137 $14.37 1) For each of the above companies, compute a) earnings per share and b) the P/E ratio. Your answer should...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT