Boles Bottling Co. has issued rights to its shareholders. The subscription price is $62 and five rights are needed along with the subscription price to buy one of the new shares. The stock is selling for $74 rights-on.

a. What would be the value of one right?
b. If the stock goes ex-rights, what would the new stock price be?

Rebel technology maintains its records using cash-basis accounting. during the year, the company received cash from customers, $43,000, and paid cash for salaries, $23,500. at the beginning of the year, customers owe rebel $1,000. by the end of the year, customers owe $6,600. at the beginning of the year, rebel owes salaries of $5,600. at the end of the year, rebel owes salaries of $3,300. determine cash-basis net income and accrual-basis net income for the year.