Answer: A) Is the minimum amount a firm must receive to engage in trade.
Explanation: Is a concept based on the law of supply and demand, and is the conditional benefit they obtain form the sale of their products, since they are able to sell them at a higher price than they would be willing to charge. In other words, the difference between the amount that a producer receives from the sale of a good and the lowest amount that the producer is willing to accept for the product. The greater the difference between the two prices, the greater the benefit to the producer.
Pham can work as many or as few hours as she wants at the college bookstore for $9 per hour. But due to her hectic schedule, she has just 15 hours per week that she can spend working at either the bookstore or at other potential jobs. One potential job, at a caf�, will pay her $12 per hour for up to 6 hours per week. She has another job offer at a garage that will pay her $10 an hour for up to 5 hours per week. And she has a potential job at a daycare center that will pay her $8.50 per hour for as many hours as she can work. If her goal is to maximize the amount of money she can make each week, how many hours will she work at the bookstore?
To maximize her income, Pham should work 6 hours at the café, 5 hours at the garage, and 4 hours at the bookstore.
Explanation:To maximize her weekly income, Pham should take the jobs that pay the most per hour first. Given the constraints, she should first work at the café for $12 per hour for 6 hours, earning $72. She should then work at the garage for $10 per hour for 5 hours, earning $50. This uses up 11 of her available 15 hours, leaving her with 4 hours to work at the bookstore at $9 per hour, earning $36. Therefore, Pham should work 4 hours at the bookstore to maximize her weekly income.
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A company approves a large capital investment and implements a global computer system (for example, an Enterprise Resource Planning system such as SAP). This decision is ___________ element of their strategy.
Answer:
Structural
Explanation:
Due to supporting process and deeply infrastructure technology ERPs (Enterprise Resource Planning) are pillars that support all ongoing core and management process by providing all resources, information, energy and everything that is needed to produce value (products, services and projects) as part of the principal goal of any company.
Dana Corp. owns stock in Seco Corp. For Dana and Seco to qualify for the filing of consolidated returns, at least what percentage of Seco's total voting power and total value of stock must be directly owned by Dana?
Answer:
The answer is: At least 80%
Explanation:
If corporations want to file consolidated tax returns they must be part of an affiliated group. They will be part of the same affiliated group if at least 80% of the voting power and stock value of each is owned by a mutual "parent corporation" and by each other corporation of the affiliated group.
In this case, Dana Corp. must own 80% the stocks and voting power of Seco Corp.
Celene told her coworker, "I'm glad Jin will be working with us on our project. Because he is Asian, he can create the budget because Asians are whizzes with math." Celene's statement is an example of _______________.
Answer:
stereotyping
Explanation:
According to my research on studies conducted by various sociologists, I can say that based on the information provided within the question Celene's statement is an example of stereotyping. This term refers to an belief generalizing a particular category of people, usually based on their personality, preferences, or abilities, believing that every individual in that category is the same in regards to those aspects. In this case that generalization is that all Asians are good with math.
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Destiny and Enzo engage in a business transaction. When a dispute arises, Destiny initiates a lawsuit against Enzo by filing a complaint. If Enzo files a motion to dismiss, he is asserting that
a. Destiny did not state a claim for which relief can be granted.
b. Destiny’s statement of the law is not true.
c. Destiny’s statement of the facts is not true.
d. Enzo suffered greater harm than Destiny.
Answer:
The answer is: A) Destiny did not state a claim for which relief can be granted.
Explanation:
A motion to dismiss is a request made by a party involved a court case (usually the defendant) that seeks to make the court dismiss the case. It can be filed on a variety of grounds based on legal deficiencies. One of the common grounds for filing a motion to dismiss is:
Failure to State a Claim for Which Relief Can Be Granted: A plaintiff must comply with several requirements in order to file a complaint, including a valid cause of action. A motion to dismiss may be granted if the plaintiff fails to adequately allege all of the elements of the claim or if the complaint fails to allege a measurable injury.Why is supply chain planning such an important activity? Because it helps managers improve flows and control cost Because it makes the supply chain reactive and unstable Because it guarantees forecasting and inventory accuracy Because it provides "just-in-case" inventory and excess capacity
Answer:
Because it helps managers improve flows and control cost.
Explanation:
A supply chain is almost never perfect. Actually, it is more likely to be unstable and unorganized making the whole process inefficient. In order to prevent this, there are supply chain planners that are responsible for controlling inventory levels, forecasting sales and demand and, in general, optimizing the process of taking the goods from production all the way to the final customer.
It is unlikely that a company can eliminate all uncertainty and guarantee accuracy in the forecasts and inventory. But it is an essential tool in order to have a better control of costs and flow of the information, financial resources and of course, the products.
Which of the following is NOT considered to be one of the three primary functions that all organizations perform? A. marketing B. production/operations C. finance/accounting D. research and development
Answer:
financing/accounting
Explanation:
According to my research on the primary functions that all organizations perform, I can say that based on the information provided within the question the one function from the answers provided that not all organizations perform is financing/accounting. This is because most organizations outsource the financing/accounting department to other firms who specialize in this area.
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An increase in the price of steel to producers of refrigerators will cause _____________________.
a) the quantity demanded for steel to increase
b) the demand for refrigerators to decrease
c) the quantity supplied of refrigerators to increase
d) the supply curve for refrigerators to shift left
Answer: Option (D) is correct.
Explanation:
Price of input is a determinant of supply. Any change in the price of input will shift the supply curve. It was observed that steel is used as a factor of production or as an input in the production of refrigerators. So, if there is any increase in the price of steel will directly increase the cost of production for refrigerator producers. Therefore, this will cause the supply curve for refrigerators to shift leftwards.
Lava lake inc bottles and distributes spring water. om February 11 of the current year.Lava lake required 180,000 shares of common stock at$17 per share. on April 30th lava lake inc.sold 90,000 of reacquired shares at $20 per share. on August 22nd lava lnc sold 30,000 shares at $15 per share.
a. journalize the transactions of February 11,April 30 and August 22.
b. what is the balance in paid in capital from sale
treasury stock on December 31 of the current year?
c. for what reason might lava lake inc have purchased the treasury stock?
The three transactions are recorded with debits and credits to treasury stock and paid-in capital. By the end of the year, the paid-in capital from the sale of treasury stock is $210,000. Lava lake may have bought back its own shares to manipulate its stock price, distribute to employees, or use in acquisitions.
Explanation:The transactions are recorded as follows:
February 11: Lava lake purchased 180,000 shares of own stock at $17 per share. This will be debited to treasury stock for $3,060,000 (180,000 * $17).April 30: Lava lake sold 90,000 shares of treasury stock at $20 per share. The difference between cost and selling price, that is, $3 per share, will be credited to paid-in capital from treasury stock. Therefore, the entry is: Debit to Cash for $1,800,000 (90,000 * $20), Credit to Treasury Stock for $1,530,000 (90,000 * $17), and Credit to Paid-in Capital from Treasury Stock for $270,000 (90,000 * $3).August 22: Lava lake sold 30,000 shares of treasury stock at $15 per share. Since these shares were sold below cost, the difference here, that is, $2 per share, will be debited from the Paid-in Capital from Treasury Stock. Therefore, the entry is: Debit to Cash for $450,000 (30,000 * $15), Credit to Treasury Stock for $510,000 (30,000 * $17), and Debit to Paid-in Capital from Treasury Stock for $60,000 (30,000 * $2).For b., the balance in paid-in capital from sale of treasury stock on December 31 of the current year would be $210,000. This is calculated as follows: Beginning balance of $0 + $270,000 from April 30 sale - $60,000 from August 22 sale.
c. Lava lake might have repurchased its shares for a number of reasons: To increase its stock price by reducing the number of outstanding shares, to have shares on hand to distribute to employees under stock bonus plans or to use in future corporate acquisitions.
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a.
- Feb 11: Treasury Stock 3,060,000 / Cash 3,060,000
- Apr 30: Cash 1,800,000 / Treasury Stock 1,530,000 / Paid-in Capital 270,000
- Aug 22: Cash 450,000 / Paid-in Capital 60,000 / Treasury Stock 510,000
b. $210,000
c. Increase EPS, employee compensation, prevent takeovers, return capital, increase stock price.
a. Journalize the transactions:
1. February 11:
Dr Cash $3,060,000 (180,000 shares x $17 per share)
Cr Common Stock $3,060,000
- Issued 180,000 shares of common stock at $17 per share.
2. April 30:
Dr Cash $1,800,000 (90,000 shares x $20 per share)
Dr Treasury Stock $1,530,000 (90,000 shares x $17 per share)
Cr Common Stock $3,060,000
- Sold 90,000 reacquired shares at $20 per share.
- Removed the treasury stock at its cost ($17 per share).
3. August 22:
Dr Cash $450,000 (30,000 shares x $15 per share)
Cr Common Stock $450,000
- Sold 30,000 shares at $15 per share.
b. Balance in Paid-in Capital from Sale of Treasury Stock on December 31:
To calculate the balance in paid-in capital from the sale of treasury stock on December 31, we need to determine the net effect of the treasury stock transactions:
- Initial sale of 180,000 shares at $17 per share: $3,060,000 (credited to Common Stock)
- Sale of 90,000 reacquired shares at $20 per share: $1,800,000 (debited to Cash) and $1,530,000 (credited to Treasury Stock)
- Sale of 30,000 shares at $15 per share: $450,000 (credited to Common Stock)
Net effect on Common Stock: $3,060,000 - $450,000 = $2,610,000
Net effect on Treasury Stock: $1,530,000
Therefore, the balance in Paid-in Capital from Sale of Treasury Stock on December 31 is $1,530,000.
c. Reasons for purchasing treasury stock:
1. Market Support: Purchasing treasury stock can provide support to the stock price by reducing the supply of outstanding shares in the market.
2. Investment Opportunity: The company may view its stock as undervalued and purchasing treasury stock can be seen as an investment in the company's own shares.
3. Employee Stock Options: To have shares available for employee stock option plans or other equity-based compensation programs.
4. Corporate Restructuring: As part of a strategic restructuring or merger, the company may repurchase shares to adjust its capital structure.
5. Earnings Per Share (EPS) Enhancement: By reducing the number of outstanding shares, EPS can be increased, which may be favorable to shareholders.
6. Signal of Confidence: Repurchasing shares can signal confidence in the company's financial health and future prospects to investors.
Alexis owns stock in a company which has consistently paid a growing dividend over the last 10 years. The first year Alexis owned the stock, she received $4.50 per share and in the 10th year, she received $4.92 per share. What is the growth rate of the dividends over the last 10 years?"
Answer:
growth rate is 0.9%
Explanation:
given data
time = 10 year
present value = $4.50
future value = $4.92
to find out
growth rate
solution
we will apply here future value formula that is
future value = present value × [tex](1+\frac{r}{100})^{t}[/tex] ......1
here r is growth rate and t is time
put here value in equation 1
future value = present value × [tex](1+\frac{r}{100})^{t}[/tex]
4.92 = 4.50 × [tex](1+\frac{r}{100})^{10}[/tex]
[tex](1+\frac{r}{100})[/tex] = 1.009
r = 1.009 -1
r = 0.9 %
so growth rate is 0.9%
The growth rate of the dividends over the last 10 years is approximately 0.94%.
Explanation:To find the growth rate of dividends over the last 10 years, we can use the formula for the compound annual growth rate (CAGR). CAGR is calculated by taking the nth root of the ending value divided by the starting value, where n is the number of years. In this case, the starting value is $4.50 and the ending value is $4.92. Therefore, the growth rate of the dividends over the last 10 years is approximately 1.0094, or 0.94%.
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Mary buys cell-phone services from a company that charges $30 per month. For that $30 she is allowed 600 minutes of free calls and then pays 25 cents per minute for any calls above 600 minutes. Mary has used 300 minutes this month so far. What is her marginal cost per minute of making two more calls lasting 10 minutes each?
Answer:
Zero
Explanation:
Given:
Per month charges = $30
Free minutes allowed for calls = 600
Minutes used = 300
Now,
the minutes left = 600 - 300 = 300 minutes
Total minutes of extra calls = 2 × 10 = 20 minutes
since, the additional call minutes are less than the minutes left for free calls, there will be no extra amount charged for the calls made.
Hence, the marginal cost for additional calls will be zero.
Marco is from the Mediterranean coast of Greece and Forough is from Iran. While visiting their grocery store, you notice that they are helping one customer find an item, another customer checkout, as well as mopping up a spill, and restocking a shelf How would you describe Marco and Forough’s use of time?
Its Polychronic culture use of time.
Explanation:
The polychronic has a meaning that the person is open to do different things in the same time. When it comes to a culture, it means the person is raised in the way that they accept an interruption while doing one thing. They are raised that it is normal for a person to do many things in the same time.
The opponent of polychronic is a monochronic culture. In monochronic a person is raised in the way that he should be focus only on one thing. Polychronic culture often be seen in
Arabic, Middle-East, and African countries. WhileWhile Monochronic usually can be found in
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I describe Marco and Forough’s use of time by polychronic culture
Further explanationMonochronic cultures like to do just one thing at a time. They value a certain orderliness and sense of there being an appropriate time and place for everything. They do not value interruptions. Whereas the polychronic cultures like to do multiple things at the same time.
A few societies are customarily monochronic. In such a culture, time is thought of as being linear. Individuals are relied upon to complete one thing at once, and they won't endure delay or intrusions.
In polychronic societies, time is thought as being cyclical. Polychronic societies jump at the chance to do different things in the same time. A supervisor's office in a polychronic culture commonly has an open entry, a ringing telephone and a meeting that ahead in the meantime.
Marco is from the Mediterranean coast of Greece and Forough is from Iran. While visiting their grocery store, you notice that they are helping one customer find an item, another customer checkout, as well as mopping up a spill, and restocking a shelf. It seems Forough and Marco are like to do multiple things at the same time.
Learn moreLearn more about Polychronic culture https://brainly.com/question/10891230Learn more about Mediterranean coast https://brainly.com/question/10431937Learn more about time https://brainly.com/question/1609335Answer detailsGrade: 5
Subject: business
Chapter: culture
Keywords: Polychronic culture, Mediterranean coast, grocery store, shelf, time
Let p = the price in dollars charged for the dose of a drug. Suppose that the annual demand (in millions of doses) = 1000 - 3p. The annual supply (in millions of doses) = 600 + 2p. The annual supply will equal the annual demand if the price of a dose is ______ dollars.
Answer:
The price of a dose should be 80 dollars for the annual suply to be equal to the annual demand
Explanation:
We have the following variabels
Annual demand = 1000-3p
Annual supply = 600 + 2p
To know the price we should equal the supply and the demand
Annual supply = Annual demand Replace the equations in the variables
600 + 2p = 1000 - 3p Clear p in the equation
2p + 3p = 1000 - 600
5p = 400
[tex]p = \frac{400}{5}[/tex]
p = 80
The price of a dose should be 80 dollars for the annual suply to be equal to the annual demand
Each customer entering a department store will either buy or not buy some merchandise. An experiment consists of following 4 customers and determining whether or not they purchase any merchandise. How many sample points exist in the above experiment? (Note that each customer is either a purchaser or non-purchaser.)
A. 2B. 4C. 6D. 8E. none of the above
The experiment consists of following 4 customers and determining whether or not they purchase any merchandise. The total number of sample points is 14.
Explanation:To determine the number of sample points in the experiment, we need to consider the number of options each customer has: to buy or not to buy. For each customer, there are 2 possible outcomes. Since there are 4 customers in total, the total number of sample points is equal to 2 multiplied by itself 4 times, which is 2^4 = 16.
However, we need to remember that each customer can either buy or not buy, so the sample points that represent all customers not buying any merchandise or all customers buying merchandise are not possible. Therefore, we subtract these two unrealistic scenarios from the total number of sample points, giving us 16 - 2 = 14.
Therefore, there are 14 sample points in the above experiment. So, the correct answer is E. none of the above.
Bessie is at the grocery store and is trying to remember some of the things she needs to buy. She is in the cleaning products aisle looking at the floor cleaning products. She's pretty sure she has another bottle left at home, so she doesn't purchase another. Bessie's perception of her current situation regarding this product reflects her ____.
a. current state
b. desired state
c. actual state
d. self-concept
e. self-assessment
Answer: Actual state
Explanation: In simple words, The actual state refers to the way in which a rational consumer actually satisfies his or her needs and wants.
In the given case, Bessie is sure that she has the same product left at home however she does not have any proof. Bessie decides to not purchase the good she already has one, thus, despite of not having a proof she decides to satisfy her wants by not purchasing the bottle.
Hence the correct option is C .
Otto’s Tune-Up Shop follows the revenue recognition principle. Otto services a car on August 31. The customer picks up the vehicle on September 1 and mails the payment to Otto on September 5. Otto receives the check in the mail on September 6. When should Otto show that the revenue was recognized?
Answer:
August 31.
Explanation:
The revenue recognition principle guides accountants when to record revenues and the amount of revenue to record. Recording in accounting means to make an entry in the journal.
According to revenue principle, accountants should record revenue when it has been earned. This means when the service is provided, when the product is delivered, when company has completed the sale agreement (earnings process is complete).
The amount of revenue that should be recorded, is the value of the service or product transferred to consumer.
In this case, Otto services a car on August 31.
Economists refer to this pattern, the ___________________________________, which means that as a person receives more of a good, the additional or marginal utility from each additional unit of the good declines. law of trade-offs
Answer:
law of diminishing marginal utility
Explanation:
According to my research on different economic terms, I can say that based on the information provided within the question the term being mentioned is called the law of diminishing marginal utility. Like mentioned in the question this term states that the marginal utility of a good or service declines as its available supply increases.
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The balance sheet identifies the productive resources (assets) that a firm uses to generate income, as well as the sources of funding from creditors (liabilities) and owners (shareholders' equity) that were used to buy the assets.A) TrueB) False
Answer:
A) True
Explanation:
The Balance Sheet is a snapshot of the financial situation of a company at the end of the accountable period. It shows which productive resources (assets) the company has for the development of its activities and how they are financed. Assets can be financed by external (Obligation with creditors – Liabilities) or internal sources (Issuing equity shares - Shareholders' equity). As every Asset must be financed either or both with Liabilities or Shareholders' equity, in the Balance Sheet, the accountable equation is represented.
When the seller requires that only certain dealers carry its products and also that these dealers not handle competitors' products, its strategy is known as ________.
a. exclusive distribution
b. horizontal restraint of trade
c. disintermediation
d. selective distribution
e. horizontal market division
Answer:
The correct answer is a. exclusive distribution.
Explanation:
Exclusive distribution refers to a commercial agreement between a producer and a distributor that states that the former will only sell his products to the latter if he agrees not to sell competing products.
Exclusive distribution can take different forms. One of the most used ways is that the retailer or distributor undertakes to sell only and exclusively the product of a certain manufacturer or producer while it is committed to use only this distributor as its sales channel.
Another alternative of agreement, although less used, is that the distributor is obliged to buy all the units of a certain product from its manufacturer.
The exclusive distribution agreement is not necessarily expressed in a formal and written contract, although this happens in many cases, in others it is only a word agreement between the parties.
A logical process of investigation includes:
a. interrogating witnesses, taking numerous photos at the scene of the crime, interviewing the suspect, and taking accurate notes of the process.
b. developing, arresting, and prosecuting a suspect.
c. obtaining physical evidence legally, effectively interviewing witnesses, legally and effectively interrogating suspects, thoroughly developing leads, and recording all details.
d. delegating assigned tasks, deciding who completes the initial investigation, and then turning the work over to the supervisor.
Answer:
c. obtaining physical evidence legally, effectively interviewing witnesses, legally and effectively interrogating suspects, thoroughly developing leads, and recording all details.
Explanation:
A logical process of inquiry refers to a process of structuring thought according to the norms of logic that allows one to reach a certain conclusion or solve a problem. This type of process requires awareness and thought organization, and includes legally obtaining physical evidence, effectively interviewing witnesses, legally and effectively questioning suspects, thoroughly developing leads, and recording all details.
The logical process of investigation in a legal context, best described by option c, mirrors the structure of the scientific method, requiring evidence to be gathered and analyzed legally and systematically.
Explanation:The question posed concerns the logical process of investigation in legal contexts. The best answer is c. obtaining physical evidence legally, effectively interviewing witnesses, legally and effectively interrogating suspects, thoroughly developing leads, and recording all details. This encompasses several key steps inherent in a methodical investigative process that aligns with legal standards and the pursuit of justice, comparable to the scientific method used in scientific inquiries, where observations lead to questions, formulation of hypotheses, testing, and conclusive analysis.
In the context of law enforcement and legal proceedings, investigations must adhere to strict legal guidelines to ensure the admissibility of evidence and to protect the rights of all parties involved. This rigorous process mirrors scientific investigations in its systematic approach to gathering and analyzing data to reach a well-supported conclusion.
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You are a junior in high school and have always been fascinated with bridges. You think it would be great to build bridges for a living but have no idea that you should study engineering in college to accomplish this goal. You've decided that it's time to talk to someone who can help you plan for college and give you guidance and the information you need. Who should you talk to?
Answer:
school psychologist
It takes Juan 1 hour to wash a car and 2 hours to wax it. Maria, on the other hand, takes 1 hour to wash a car and half an hour to wax it. If they divide the work, _______ would specialize in washing since his/her opportunity cost is _________ for that activity.
Answer: Juan; Lower
Explanation:
One can do the work in which it has a comparative advantage. If one person has the lower opportunity cost of doing some work than the other person then he would specialize in that activity.
Here,
Juan opportunity cost of washing a car = [tex]\frac{1}{2}[/tex]
= 0.5 car waxed
This means that the opportunity cost of washing a car is being able to wax 0.5 car.
Maria opportunity cost of washing a car = [tex]\frac{1}{0.5}[/tex]
= 2 cars waxed
This means that the opportunity cost of washing a car is being able to wax 2 cars.
Therefore, the opportunity cost of washing a car is lower for Juan. So, Juan would specialize in washing.
It costs Orkid Company $17 of variable costs and $3 of fixed costs to produce its product. The company currently has unused capacity. The product sells for $25. Homer Industries offers to purchase 5,000 units at $19 each. In the deal, Orkid will incur special shipping costs of $1.50 per unit. If the special offer is accepted and produced with unused capacity, net income will:
A. increase $2,500.
B. decrease $5,000.
C. increase $10,000.
D. decrease $30,000.
Answer: Option (A) is correct.
Explanation:
Given that,
Variable costs = $17
Fixed costs to produce = $3
Product sells = $25
Homer Industries offers = 5,000 units
Unit selling price = $19
Shipping costs = $1.50 per unit
Net profit = Unit selling price - Variable costs - Shipping costs
= $19 - $17 - $1.50
= $0.50
Total increase in profit = 5000 units × Net profit
= 5,000 × 0.50
= $2,500
Ergonomic Corporation convenes its employees for its managers to announce (1) a new company-wide ethical code of conduct, (2) an ad campaign to publicize the new code, and (3) the discharge of employees who do not adhere to the code. One of the most effective ways to set a tone of ethical behavior within a business organization is
Answer:
to create an ethical code of conduct
Explanation:
A code of ethics and professional conduct outlines the ethical principles that govern decisions and behavior at a company or organization. They give general outlines of how employees should behave, as well as specific guidance for handling issues like harassment, safety, and conflicts of interest
At the end of each day, Panera Bread restaurants donate leftover bread and baked goods to food banks and local charities. The company is practicing ___ by helping to advance the social conditions of the communities in which it operates.
a. corporate social responsibility
b. sustainability
c. conscious capitalism
d. greenwashing
Answer:
Conscious capitalism
Explanation:
Organizational policies and practices that enhance the economic success of a company and advance the economic and social conditions of the community.
Suppose the Pleasant Corporation cuts the price of its American Girl dolls by 10 percent, and as a result, the quantity of the dolls sold increases by 25 percent. This indicates that the price elasticity of demand for the dolls over this range is:a. 2.5b. 0.4c. 0.5d. 5
Answer:
option (a) 2.5
Explanation:
Given:
Price cuts of dolls = 10 percent
Quantity of the dolls sold increases = 25 percent
Now,
Price elasticity of demand for dolls = [tex]\frac{\textup{Percentage change in Quantity sold}}{\textup{Percentage change in Price}}[/tex]
on substituting the respective values, we get
Price elasticity of demand for dolls = [tex]\frac25}{10}[/tex]
or
Price elasticity of demand for dolls = 2.5
Hence, the correct answer is option (a) 2.5
Taunton's is an all-equity firm that has 159,000 shares of stock outstanding. The CFO is considering borrowing $329,000 at 8 percent interest to repurchase 28,000 shares. Ignoring taxes, what is the value of the firm?
Answer:
$1,868,250
Explanation:
Given:
Outstanding stocks = 159,000 shares
The CFO is considering borrowing = $329,000
Interest rate = 8%
Shares repurchase = 28,000
Now,
Price per share = [tex]\frac{\textup{329,000}}{\textup{28,000}}[/tex]
or
Price per share = $11.75
Thus,
value of the firm = Outstanding stocks × Price per share
or
value of the firm = 159,000 × $11.75
or
value of the firm = $1,868,250
To calculate the value of the firm, we need to consider the number of outstanding shares and the amount of debt taken on to repurchase the shares. The value of the firm is the sum of its equity and debt. The value of the firm is $1,867,250.
Explanation:To calculate the value of the firm, we need to consider the number of outstanding shares and the amount of debt taken on to repurchase the shares. The value of the firm is the sum of its equity and debt. In this case, the number of outstanding shares is 159,000, and 28,000 shares are being repurchased. So, the new number of outstanding shares would be 159,000 - 28,000 = 131,000 shares. The value of the firm can be calculated as the market price per share multiplied by the number of shares, plus the amount of debt taken on.
The market price per share can be found by dividing the amount borrowed by the number of shares repurchased: $329,000 / 28,000 = $11.75 per share. The value of the equity is then calculated as the market price per share multiplied by the new number of outstanding shares: $11.75 * 131,000 = $1,538,250. The value of the firm is the sum of the equity and the debt: $1,538,250 + $329,000 = $1,867,250.
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nyle Corp. owned 100 shares of Beta Corp. stock that it bought in 1993 for $9 per share. In 2014, when the fair market value of the Beta stock was $20 per share, Nyle distributed this stock to a noncorporate shareholder. Nyle's recognized gain on this distribution was:
Answer:
$1100.
Explanation:
We have been given that Nyle Corp. owned 100 shares of Beta Corp. stock that it bought in 1993 for $9 per share. In 2014, when the fair market value of the Beta stock was $20 per share.
Nyle's recognized gain on this distribution would be:
[tex]\text{Value of 100 share at a rate of }\$20\text{ per share }-\text{Value of 100 share at a rate of }\$9\text{ per share}[/tex]
[tex]\$20\times100-\$9\times 100=100(\$20-\$9)=100(\$11)=\$1100[/tex]
Therefore, Nyle's recognized gain on this distribution was $1100.
Suppose that the only café in town can sell five fish dinners per night at a price of $10 each. If this monopoly firm wants to sell six fish dinners, it must reduce the price to $9 each. When the business pursues this strategy to increase sales, the marginal revenue from the sixth dinner sold is:
a. $4.
b. $54.
c. $9.
d. $50.
Answer:
a.$4
Explanation:
initial price of fish dinner per piece was= $10
no. of fish dinner sold = 5
total initial revenue= 5*10= $50
new price of fish dinner = $9
and now six fish dinners are sold
new revenue= 6*9= $54
therefore the marginal revenue from the sixth dinner sold= 54-50= $4
hence option a is correct
Jones Company uses the weighted-average method in its process costing system. The Finishing Department started the month with 400 units in process that were 70% complete, receiving 2,500 units from the Cutting Department. Jones Company had 200 units in process at the end of the period that are 40% complete. All materials are added at the beginning of the process and conversion is added uniformly. From the Finishing Department, units are transferred to Finished Goods. How many units were completed and transferred out of the Finishing Department?
Answer:
Units Completed and Transferred: 2,700
Explanation:
Units Completed and Transferred: Beginning Units in Process + Units Received - Ending Units in Process
Beginning Units in Process: 400
Units Received: 2,500
Ending Units in Process: (200)
Units Completed and Transferred: 2,700