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STALIN [3.7K]
2 years ago
11

Stockit, Inc. issued 100,000 shares of the 1,000,000 shares it is allowed to issue. Stockit has repurchased 10,000 of its own sh

ares. The number of shares authorized equals ______ shares.
Business
1 answer:
Molodets [167]2 years ago
5 0

Based on the number of shares that Stockit, Inc. were allowed to issue, the number of authorized shares is 1,000,000 shares.

<h3>What are authorized shares?</h3>

This refers to the maximum number of stock that a company is allowed to offer to the market/ investors.

In this case, Stockit Inc. were allowed to issue a maximum of 1,000,000 shares which means that this is the authorized share capital.

Find out more on authorized shares at brainly.com/question/26206078.

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Delisa Corporation has two divisions: Division L and Division Q. Data from the most recent month appear below: Total Company Div
amid [387]

Answer:

$202,409

Explanation:

Firstly, we will need to calculate Break even in sales dollar for division Q using the formula;

= Division Q fixed cost / contribution margin ratio

Division Q fixed cost = $89,060

But,

Contribution margin ratio = Contribution margin / Sales

Contribution margin ratio = $161,920 / $368,000

Contribution margin ratio = 44%

Therefore, the Break even in sales dollar for Division Q

= $89,060 / 44%

= $202,409

The Break even in sales dollars for Division Q is closest to $202,409

7 0
3 years ago
How is a personal fact sheet used?
Mariana [72]
If you were referring to the Person Specification, then it is a personal information used by job seekers to be presented to their employers. They usually contain: qualifications, skills, work experience and other details about a person. They are used to judge whether a person is qualified to take up that position.
5 0
4 years ago
Gugenheim, Inc., has a bond outstanding with a coupon rate of 6.4 percent and annual payments. The yield to maturity is 7.6 perc
Oliga [24]

Answer:

Price of the bond is $1,757

Explanation:

Coupon payment = 2000 x 6.4% = $128 annually

Number of periods = n = 20 years

Yield to maturity = 7.6% annually

Price of bond is the present value of future cash flows, to calculate Price of the bond use following formula

Price of the Bond = C x [ ( 1 - ( 1 + r )^-n ) / r ] + [ F / ( 1 + r )^n ]

Price of the Bond = $128 x [ ( 1 - ( 1 + 7.6% )^-20 ) / 7.6% ] + [ 2,000 / ( 1 + 7.6% )^20 ]

Price of the Bond = $128 x [ ( 1 - ( 1.076 )^-20 ) / 0.076 ] + [ 2,000 / ( 1.076 )^20 ]

Price of the Bond = $1295.03 + $462.15

Price of the Bond = $1,757.18

5 0
3 years ago
List and briefly explain five activities for which a purchasing department normally has responsibility.
Norma-Jean [14]
The 24 statements is that your list and brief statement explains the five activities for what a purchasing department normally has for responsibility.  

6 0
3 years ago
5. This is the best way to separate sugar and sand mixture.​
den301095 [7]

Answer:

Explanation:

The sugar would dissolve in water. You could then pour off the solution and wash the remaining sand with a bit more water. Heat the water to evaporate it from the sugar, and the two are separated

7 0
3 years ago
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