However, the observation on the streets shows that less than 10% of cars in BC are electric cars, which indicates that more needs to be done.
To ensure a smooth transition from diesel or gas-powered cars to electric cars at a low cost to motorists, the government could consider offering further subsidies or incentives to encourage the adoption of electric cars. This could include additional rebates or tax credits for the purchase of electric cars or the installation of car charging points, as well as investment in public charging infrastructure to make it more accessible and convenient for drivers. Overall, the goal should be to make electric cars more attractive and affordable for motorists, while also promoting the development of a sustainable transportation system.
The government of Canada and the British Columbia Provincial government have an important role to play in achieving this goal, and it is important that they continue to explore innovative solutions to support the transition to electric cars.
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aaron corporation which has only one products has provided the following data concering its most recent month of operations:
Selling price $ 107
Units in beginning inventory 0
Units produced 4,800
Units sold 3,890
Units in ending inventory 910
Variable costs per unit: Direct materials $ 23
Direct labor $ 44
Variable manufacturing overhead $ 5
Variable selling and administrative expense $ 3
Fixed costs: Fixed manufacturing overhead $ 50,000
Fixed selling and administrative expense $ 3,200
The total contribution margin for the month under variable costing is:
Multiple Choice
$74,480
$124,480
$71,280
$136,150
To calculate the total contribution margin for the month under variable costing, we need to first calculate the contribution margin per unit.
The contribution margin per unit is the selling price minus the variable costs per unit, which comes out to be $107 - ($23 + $44 + $5 + $3) = $32. Next, we need to calculate the total variable costs for the month. The total variable costs can be calculated as the sum of variable costs per unit multiplied by the number of units produced, which comes out to be ($23 + $44 + $5 + $3) x 4,800 = $345,600. Now, we can calculate the total contribution margin for the month by subtracting the total variable costs from the total revenue. The total revenue can be calculated as the selling price per unit multiplied by the number of units sold, which comes out to be $107 x 3,890 = $415,630. Therefore, the total contribution margin for the month under variable costing is $415,630 - $345,600 = $70,030.
Therefore, the correct answer is option C, which is $71,280.
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What type of transactions should be recorded in the Payment, Fee, Withdrawal column
of your check register?
All of us must make decisions based on opportunity costs every day. What are five decisions based on opportunity costs that you commonly make? Explain and discuss.
A student spends three hours and $20 at the movies the night before a test. The opportunity cost includes both the time spent learning and decisions the money that could have been spent elsewhere.
A farmer decides to plant wheat; the opportunity cost is planting a different crop or using the resources in another way . Because of scarcity, whenever we do one thing, we must necessarily forego doing something else decisions valuable. So everything we do has an opportunity cost, and that cost is stated in terms of the most valuable option that is forfeited. Many areas of life decisions involve opportunity cost.
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If the optic nerve of your left eye is damaged, how will your eyes respond in an eye exam?.
If the left eye, which has optic nerve damage, is illuminated with light, the light is not projected onto the retina and there is no further reaction, and pupillary constriction is absent in both eyes.
The optic nerve is a bundle of over one million nerve fibers that carry visual messages. There is one that connects the back of each eye (retina) to the brain. Damage to the optic nerve can lead to vision loss. The type and degree of vision loss depend on where the damage occurred.
The optic nerve is a bundle of over one million nerve fibers. Also known as the second cranial nerve or second cranial nerve (CNII), it is the second of several pairs of cranial nerves. It transmits sensory information for vision in the form of electrical impulses from the eye to the brain.
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Variable costs are
O the costs related to the product that have to be paid regardless of the amount you sell
the costs that change depending on a company's performance
O the costs resulting from a business owner's choice when selecting one thing over another and how it will impact the business
O none of the above
Next
HELP PLS
Answer:
the costs that change depending on a company's performance
Explanation:
Variable costs refer to the costs that fluctuate with the level of production. An increase or decrease in the output level results in variable costs moving in the same direction. If the business stops production, the variable costs will be nil.
Raw materials and packaging costs are good examples of variable costs. The more a company produces, the more materials it consumes, and the higher the costs of purchasing the materials.
Answer:
Costs that change depending on companys performance
Explanation:
EDGE 2021 Entreprenuership Test
A car has a base price of $23,800.00. Options cost $356.00, $785.00, and $900.00 for stereo, wheels and paint. Destination charges are $640.00. The dealer pays 82% of the base price and 75% of the options. Determine the sticker price.
$25,000.00
$23,800.00
$26,481.00
$25,841.00
The sticker price of the car is $26,481.00 based on the component costs provided
What is the sticker price of the car?
The sticker price of the car comprises the retail price, the cost of options as well as the destination charges, which is also referred to as the cost for economy mileage, bearing in mind that sticker price is the price of car written on a sticker and affixed to a car.
The sticker price=base price+cost of stereo+cost of wheels+cost of paint+destination charges
base price= $23,800.00
cost of stereo=$356.00
cost of wheels=$785.00
cost of paint=$900.00
destination charges=$640
sticker price=$23,800.00+$356.0+$785.00+$900+$640.00
sticker price=$ 26,481.00
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Knowledge Check 01 A company has beginning inventory of $20,000, purchases of $15,000, and ending inventory of $2.500. The cost of goods available for sale is ___
Cont of goods available for sale __
Therefore, the cost of goods available for sale can be calculated by adding the beginning inventory to the purchases, which gives a total of $35,000.
The cost of goods available for sale refers to the total amount of inventory that a company has available for sale during a particular period. It includes the beginning inventory, any additional purchases made during the period, and the ending inventory that remains at the end of the period. In this case, the company has a beginning inventory of $20,000, purchases of $15,000, and ending inventory of $2,500. Therefore, the cost of goods available for sale can be calculated by adding the beginning inventory to the purchases, which gives a total of $35,000. This means that the company had $35,000 worth of inventory available for sale during the period in question. It's important for businesses to track their cost of goods available for sale to ensure they have adequate inventory levels and to accurately calculate their cost of goods sold for financial reporting purposes.
To calculate the cost of goods available for sale, we will use the given information: beginning inventory, purchases, and ending inventory.
Step 1: Find the cost of goods available for sale
Cost of goods available for sale = Beginning inventory + Purchases
Cost of goods available for sale = $20,000 + $15,000
Cost of goods available for sale = $35,000
So, the cost of goods available for sale is $35,000. This value represents the total amount of goods the company has available to sell during the given period. It is crucial for businesses to keep track of their inventory and cost of goods available for sale in order to manage their finances effectively and make informed decisions.
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what are the two types of costs associated with inventory?
Carrying expenses (also called Holding costs) Costs of stockouts (also called Shortage costs). Ordering, carrying, and stock out expenses are the three main types of inventory costs. You can better track, manage, and determine the total expenses of your inventory investment.
If you are aware of the many costs that are related to inventory. The cost of money held in inventory is included in direct costs. The cost of capital, or the interest a business pays when borrowing money to pay for inventory, is one factor that differs per organization. It also covers the price of equipment for handling inventory, insurance, special containers used to store inventory, and storage space.
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Table 3-11
Assume that Falda and Varick can switch between producing wheat and producing cloth at a constant rate.
Quantity Produced in 1 Hour
Bushels of Wheat
Yards of Cloth
Falda 8
12
Varick 6
15
Refer to Table 3-11. Falda's opportunity cost of one bushel of wheat is
The opportunity cost of one bushel of wheat for Falda is the amount of cloth that she could have produced instead. To find out, we need to calculate the trade-off between wheat and cloth production for Falda.
From the table, we see that in one hour, Falda can produce either 8 bushels of wheat or 12 yards of cloth. Therefore, her opportunity cost of one bushel of wheat is:
12 yards of cloth / 8 bushels of wheat = 1.5 yards of cloth per bushel of wheat
So, for every bushel of wheat that Falda produces, she gives up the opportunity to produce 1.5 yards of cloth.
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Body glove’s social media managers have been creating a series of lifestyle videos that highlight the benefits of physical fitness and yoga through its ""create happiness"" campaign. ________ allows customers to become subscribers to ensure they never miss a new posting.
Body glove’s social media managers have been creating a series of lifestyle videos that highlight the benefits of physical fitness and yoga through its "create happiness" campaign. You-tube allows customers to become subscribers to ensure they never miss a new posting.
Social media managers are people that generally responsible for developing strategies to improve brand awareness and reputation. They do that by producing content, creating (as well as overseeing) social campaigns, engaging with online followers, and overall creating an active social media presence.
To achieve that, they use social media. The social media that use videos and allows customers to become a subscriber on their platform is You-tube.
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What public works project was built to help with unemployment during the great depression?.
Answer: Im also taking this test and i believe the answer is Hoover Dam i might be wrong
Explanation: Hoover Dam
Bat Company's flexible budget for the units manufactured in May shows $15.610 of total factory overhead; this output level represents 70% of available capacity. During May, the company applied overhead to production at the rate of $3.00 per direct labor hour (DLH), based on a denominator volume level of 6,120DL. Hs, which represents 90% of available capacity. The company used 6,000DLH s and incurred $18,500 of total factory overhead cost during May, including $6,700 for fixed factory overhead. What is the fixed foctory overhead spending variance (to the nearest whole dollar) in May for Bat Company? (Round your intermediate calculations to 2 decimal places; Round your final answer to zero decimal places.)
The fixed factory overhead spending variance in May for Bat Company is $300.
To calculate the fixed factory overhead spending variance, we need to compare the actual fixed factory overhead cost incurred with the budgeted fixed factory overhead cost at the actual level of activity.
Budgeted fixed factory overhead cost = Total factory overhead - Variable factory overhead
Budgeted fixed factory overhead cost = $15,610 - ($3.00/DLH * 6,000 DLH)
Budgeted fixed factory overhead cost = $15,610 - $18,000
Budgeted fixed factory overhead cost = -$2,390
The negative value indicates that the actual fixed factory overhead cost is higher than the budgeted cost. However, we need to take into account the fixed factory overhead cost incurred, which is $6,700. The fixed factory overhead spending variance can be calculated as follows:
Fixed factory overhead spending variance = Actual fixed factory overhead cost - Budgeted fixed factory overhead cost
Fixed factory overhead spending variance = $6,700 - (-$2,390)
Fixed factory overhead spending variance = $6,700 + $2,390
Fixed factory overhead spending variance = $9,090
Therefore, the fixed factory overhead spending variance in May for Bat Company is $9,090.
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Question 1(Multiple Choice Worth 5 points)
(01.04 MC)
The internal auditor is an important member of the accounting department who is responsible for
creating budgets for hiring new employees
obtaining sources of financing
O ensuring accounting information is accurate
reducing the amount of taxes owed. WILL GIVE BRAINLIEST
Answer: The internal auditor is an important member of the accounting department who is responsible for creating budgets for hiring new employees
Explanation: They investigate financial and professional records to ensure companies and their employees comply with laws and regulations, monitor risks, and evaluate internal controls
pls mark me brainliest ans
Explanation:
An internal auditor (IA) is a trained professional employed by companies to provide independent and objective evaluations of financial and operational business activities, including corporate governance. They are tasked with ensuring that companies comply with laws and regulations, follow proper procedures, and function as efficiently as possible.
Businesses are usually interested in promoting growth because it:
A. expands the frontier on their production possibilities curves.
B. weakens productivity for competing businesses.
C. reduces their need to pay a large staff of employees.
D. creates additional marketing value without extra investment.
Answer: A - expands the frontier on their production possibilities curves
Explanation:
It was correct when checked
Businesses are usually interested in promoting growth because it expands the frontier on their production possibilities curve. Hence, option A holds true regarding business growth.
What is business growth?An expansion in the scope of business, which gives business an opportunity to improve the productivity and increase the sales exponentially, ultimately leading to increased profitability, is known as business growth.
Increased productivity at a constant rate enables a business to assume expanding its production capacities on the production possibilities curve, which can be determined through graphical representation.
Hence, option A holds true regarding the business growth.
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PLZZ HELP
just need 50 words for a justification on this topic.....that's all....plzzzzz.......its worth max points so plzzzz make it good.
Analyse how Nike has dominated globally throughout the decades and drives the economy.
Every company develops a brand reputation. Sometimes it helps the company bring in more revenue, and sometimes it plays against it. That's not the case for Nike, which by sponsoring many high-profile athletes and sports teams all over the world has become one of the most recognized global symbols.
Strong branding is just one of Nike's many competitive advantages. A culture of innovation, plenty of international opportunities for revenue expansion, and significant pricing power make this stock a must watch. Its shares are up almost 50% since early January, but this may be just the beginning.
Founded in 1964 by University of Oregon track athlete Philip Knight and his coach Bill Bowerman, Nike has become a leading player in the athletic footwear and apparel industry. Over the past 40 years, the company has built several competitive advantages:
Strong Brand: Nike has been able to establish strong emotional connections with athletes by building one of the most widely recognized brands in the world. Interbrand puts Nike in the 26th position of its Best Global Brands 2012 Ranking, well above Adidas , which is in the 60th position. Pricing Power: Nike's strong brand has enabled the company to set high prices, and therefore enjoy a higher gross margin in footwear than most of its competitors. Just in the latest quarter, the company posted an increase of 110 basis points in gross margin to 43.9%. Global Supply Chain: With more than 1000 factories worldwide and 1 million workers employed, Nike's supply chain overshadows any other competitor. The company has the resources needed to supply the world with top-quality shoes without any trouble.
These advantages have allowed the company to more than double its revenue in the past 10 years. As earnings per share grew at a compounded rate of 15%, management returned over $15 billion to shareholders via dividend payments and share repurchases. The key behind these figures is massive growth. It took the company 18 years to earn its first $2 billion in revenue. By growing 8% in 2012, the company added that much in just 12 months.
Emerging markets are a massive opportunity for Nike. Asia and Latin America in particular are set to become the firm's primary growth engines. Both regions will continue experiencing strong demand for its products due to increasing economic prosperity and a strong interest in sports.
The brand is already the leading player in China with more than $2.4 billion in sales in 2012. Because of increasing competition coming from Adidas and Hennes & Mauritz, however, Nike's inventories have started to grow faster than its sales after growing its business 23% between 2011 and 2012. That being said, Nike still has plenty of room left for discounts in order to protect its leading position from Adidas.
Brazil is another key market. According to the company's latest letter to shareholders, management is preparing a marketing plan more ambitious than anything they have done before for the 2014 World Cup and the 2016 Olympics.
Nike's classic rival, Adidas, became stronger after the 2006 acquisition of Reebok. The German sports equipment maker is making steady progress in international expansion, and will also benefit from a sales boost coming from the World Cup next year as it will be sponsoring strong teams, such as Germany, Argentina and Spain. However, by securing more than half of the teams in the 2010 World Cup, including the French and Brazilian national soccer teams, Nike will be the main figure.
The industry certainly looks fierce. That should not be a problem for Nike, however, which has all the competitive advantages needed to keep its leading position in the global athletic footwear, apparel, and equipment market, which is worth as much as $284 billion. With more than a thousand factories all over the world and one of the strongest global brands ever created, Nike is well prepared to capitalize on its emerging markets business and welcome one billion new consumers on the way.
Match each of the following statements to the type of economic system that it
Record your responses in the spaces provided.
characterizes.
Types of economic system: (1). Traditional economy - ritual, habitat, or custom. (2). Economic system - Allocation of resources. (3). Command economy - central authority (4). Market economy - demand and supply
What is economy?The performance through which a country or location organizes its medium of exchange, commercial enterprise, and trade is concerned to as its “economy.” The economy is the important part of the country. The primary sector of the economy is the industrial sector, financial and agriculture sector.
Types of economic system:
Traditional economy - system in which economic activity is the result of ritual, habitat, or custom.
Market economy - system in which economic activity is driven by supply, demand, and the price system.
Economic system - efficient way of allocating resources and producing and distributing goods and services in a society.
Command economy - economic system in which a central authority makes the major economic decisions.
As a result, the conclusion of the economic system as the fill of space are the aforementioned.
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Your question is incomplete, but most probably the full question was.
Match each of the following statements to the type of economic system that it characterizes. Record your responses in the spaces provided.
______system in which economic activity is the result of ritual, habitat, or custom.
______system in which economic activity is driven by supply, demand, and the price system.
_______efficient way of allocating resources and producing and distributing goods and services in a society.
________economic system in which a central authority makes the major economic decisions.
Traditional economyEconomic systemCommand economyMarket economyAstro Inc., a pharmaceutical company, wants to develop a drug to fight a new virus that is affecting people in Asian countries. To assist its team of doctors in developing the drug, the company hires two scientists who had previously conducted research on the virus. The company intends to use their expertise on the subject to create the drug. In the given scenario, Astro Inc. has most likely hired _____.
Answer:
Knowledge worker
Explanation:
Knowledge worker indicates the specification in a particular field. It also refers that when a person does a specific task, shows the speciality in it.
Therefore according to the given scenario Asian countries is affecting with a virus and a pharmaceutical company want to create a drug with the help of scientists who already research on the virus. Here, the company will use their expertise so that they can create the drug which indicates the knowledge worker.
perfectly competitive market in long run equilibrium. if demand decreases, we can be certain that price will
Answer:
fall in the short run. all, some, or no firms will shut down, and some of them will exit the industry. price will then rise to reach the new long-run
A bond issue with a face amount of $498,000 bears interest at the rate of 10%. The current market rate of interest is also 10%. These bonds will sell at a price that is:
Therefore, these bonds will sell at a price of $498,000, which is their face value.
When a bond issue has a face amount of $498,000 and bears interest at a rate of 10%, it means that the coupon payment, or the annual interest payment, will be $49,800 (10% of $498,000). Now, since the current market rate of interest is also 10%, this implies that the bond's coupon rate matches the market rate.
In such a situation, the bonds will sell at a price equal to their face value. This is because investors are willing to pay the exact amount that will provide them with a return equal to the market rate. Since the bond's coupon rate and the market rate are the same, there is no need for a premium or discount to attract investors. The price reflects that the bond's coupon payments are aligned with the current market expectations, making it an attractive investment for buyers.
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What's a curling iron?
Answer:
A curling iron is a tool that is used on hair to create a tight or loose curl.
as the price level rises,a.the exchange rate falls, so net exports rise.b.the exchange rate rises, so net exports rise.c.the exchange rate falls, so net exports fall.d.the exchange rate rises, so net exports fall.
Option B is the correct answer: as the price level rises, the exchange rate rises, so net exports rise.
This relationship is known as the exchange rate effect on net exports. When the domestic price level rises, the domestic currency becomes relatively more expensive compared to other currencies. This makes foreign goods relatively cheaper, increasing demand for net exports, which is the difference between exports and imports.As a result, the exchange rate rises to accommodate the increased demand for the domestic currency to purchase exports. This leads to an increase in net exports, which helps offset the increase in the price level.The exchange rate is the value of one country's currency compared to another country's currency. When the price level of a country rises, it means that the average level of prices for goods and services within that country has gone up. This can happen due to various factors such as an increase in the money supply or a decrease in the aggregate supply of goods and services.When the price level of a country rises, its currency becomes less attractive to foreign investors because it is now relatively more expensive compared to other currencies. This leads to a decrease in demand for the currency, causing its exchange rate to fall.
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the job characteristic of feedback provides the worker with:
The job characteristic of feedback provides the worker with valuable information about their performance and the outcomes of their work.
Feedback serves as a means of communication that helps individuals assess their progress, identify areas of improvement, and make necessary adjustments to their work methods or behaviors.
By receiving feedback, workers gain insight into their strengths and weaknesses, enabling them to gauge their effectiveness and make informed decisions about their work. Feedback can come from various sources, such as supervisors, colleagues, or customers, and it can be provided through formal performance evaluations, regular check-ins, or informal conversations.
When workers receive feedback, they gain a clearer understanding of how their efforts contribute to the overall goals of the organization. Positive feedback reinforces their motivation and boosts their confidence, while constructive feedback highlights areas for growth and development.
Ultimately, feedback promotes a continuous learning process, allowing workers to enhance their skills, increase their job satisfaction, and contribute more effectively to their work. It helps create a supportive and developmental work environment where employees can thrive and achieve their full potential.
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With what generation did you start to see this educational gap widen? What factors do you think might have caused this to happen?
The educational gap widen became prevalent between baby boomers generation X
What is generation gap?The difference in values and viewpoints between older and younger people is referred to as the generation gap. People from different generations frequently hold different beliefs and behaviors.
A generation gap is a difference between younger and older generations in terms of behaviors, viewpoints, and preferences.
There are numerous causes. Obstacles to girls' education include gender-based violence, child marriage, and poverty.
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In 1931, President Herbert Hoover was paid a salary of $75,000. Government statistics show a consumer price index of 15.2 for 1931 and 237 for 2015. President Hoover’s 1931 salary was equivalent to a 2015 salary of about: a) $1,057,894. b) $16,080,001. c) $1,169,408. d) $4,965.
Answer: c) $1,169,408.
Explanation:
Given the following:
Consumer price index(CPI) :
Year 1 = 1931 = 15.2
Year 2 = 2015 = 237
Salary in 1931 = $75,000
Equivalent salary in 2015 Given the details above:
Salary in 1931 × (CPI for year 2(2015)/ CPI for year 1(1931))
$75,000 × ( 237 / 15.2)
= $75,000 × 15.592105
= $1,169,407.8
= $1,169,408
Question 2(Multiple Choice Worth 5 points)
(02.06 MC)
In general, what kind of people earn the most money?
O People with skills that are in high demand and high in supply
O People with skills that are in high demand but low in supply
O People with skills that are in low demand and low in supply
People with skills that are in low demand but high in supply
A $100,000 house insured on a policy with an 80% coinsurance requirement has a fire that caused $40,000 of damage; the owner has a policy with $60,000 coverage. How much can the owner collect for his loss?
Assuming the owner has a policy with $60,000 coverage. The amount that the owner collect for his loss is $30,000.
Policy coverageIn order for the total amount of a partial loss to be paid the house must be insured for at least 80 percent of its value on the date in which the loss ocur.
And since house has a policy coverage of the amount of $60,000. Based on this the minimum requirement is 75 percent which mean that the policy will pay only 75 percent of the loss or $30,000.
Inconclusion the amount that the owner collect for his loss is $30,000.
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if you are charged with selling/providing/delivering alcohol
If a person is criminally negligent and offers alcohol to a habitual drinker or an intoxicated or insane person, they will be breaking the law.
(a) It is illegal to knowingly and willfully sell or provide alcohol to an obviously intoxicated person.
(b) Except as provided in subsection (c) of this section, any person who violates the provisions of this section shall be guilty of a misdemeanor punishable by a fine of not less than $100 nor more than $500, by imprisonment for not more than one year, or by both.
(c) A violation of this section or Section 106.03 of this code is a misdemeanor punishable by a fine of not less than $500 nor more than $1,000, by confinement in jail for not more than one year, or by both, if the offender has a prior conviction for a violation of this section or Section 106.03 of this code.
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the increase in total benefit that results from carrying out one additional unit of an activity is the:_____.
Answer: Marginal Benefit
How do worker organizations influence wages?
A. They fight for higher pay for workers.
B. They lower the market value of workers.
C. They enforce regulations raising the minimum wage.
D. They require workers to have more education.
SUBMIT
Answer:
A.
Explanation:
In many industries wages are linked to enterprise cost of living which ensures a fair wages to workers. The wage rates are directly influenced by cost of living of a place. The workers will accept a wage which may ensure them a minimum standard of living. Wages will also be adjusted according to price index number.
They fight for higher pay for workers is the way organizations influence workers for wages. In many businesses, wages are tied to the cost of living of the company, ensuring that workers are paid fairly.
What is wage employment?In both the official and informal economies, wage employment encompasses any salaried or compensated position under contract to another person, organization, or company. Finding decent-paying work for those with impairments is often difficult.
Thus, option A, They fight for higher pay for workers is correct.
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red when choosing a form of ownership
o
Read the scenario below and answer the questions that follow
SHINING STAR BUS COMPANY (PTY) Ltd
Shining Star Bus Company (Pty) Ltd transport passengers to different provinces at a
reasonable price. The management of the company wants to convert the company into a
company that will allow them to sell shares to the public through the Johannesburg
Security Exchange(JSE).
1.6.1 Identify TWO forms of ownership that are represented by the scenario above
Motivate your answer by quoting from the scenario.
Answer:
see below
Explanation:
1. Private Limited Company
A private limited company is an acknowledged legal entity whose shares are held privately by the founders. The shareholders are the owners. They are not allowed to trade their shares to the public through the security exchange. SHINING STAR BUS COMPANY (PTY) Ltd is currently a limited private company. Transfer of shares has to be between the existing shareholders, the bus company, and requires authorization. The shareholders have limited liability to the company's debts and are entitled to a share in the company profits.
2. Public Limited Company
A public limited company is recognized as a legal and separate entity from its owners. Unlike a private limited company, the shares of a public limited company are traded in the security exchange markets. It means ownership of a public company is open to the public. The management of SHINING STAR BUS COMPANY (PTY) Ltd wants to convert it to a public limited company. After the conversion, its shares will be traded at the Johannesburg Security Exchange(JSE).