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STALIN [3.7K]
1 year 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]1 year 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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Mike is walking through a parking lot and finds Kathy lying unconscious. He puts her in his car and takes her to the hospital. T
slava [35]

Answer:

The answer to this question is c. Kathy has to pay based on a quasi contract.

Explanation:

Based on the scenario displayed above Kathy has to pay based on a quasi contract.

A  Quasi contract is a contract  that is created by a court order, not by an agreement made by the parties to the contract. For example, quasi contracts are created by the court when no official agreement exists between the parties, in disputes over payments for goods or services

In this case there has not been an official agreement between Kathy and the hospital, However she has to pay the bill presented to her based on Quasi contract which is created to prevent an individual to be unjustly enriched or from benefiting from the situation when he/she  does not deserve to do so.

Hence the answer is c. Kathy has to pay based on a quasi contract.

5 0
3 years ago
Tell whether the statement is TRUE or FALSE. Deregulation always leads to lower prices for the consumer.
SVEN [57.7K]
FALSE. Deregulation allows vendors or sellers to set individual prices with no regulation, therefore more likely to set higher rates.
5 0
3 years ago
if the market risk premium is 7%, the risk-free rate is 2% and the beta of a stock is 2.0, what is the expected return of the st
Len [333]

Expected return of the stock is greater than 12%.

Using formula, Risk free rate + beta (market risk rate - risk free rate)\

= 2% + 2.0 (7%-2%)

= 13.6 - 0.4* risk premium

Risk premium of a stock is greater than 12%.

A stock's total return takes into account both capital gains and losses as well as dividend income, as opposed to a stock's nominal return, which only displays its price movement. In addition to considering the actual rate of return, investors should consider their ability to withstand the risk involved with a given investment. An investment's return on investment (ROI) provides a general indication of its profitability. The return on investment (ROI) is calculated by subtracting the investment's initial cost from its final value, dividing the result by the cost of the investment, and finally multiplying the result by 100.

Note that the full question is:

If the market risk premium is 7%, the risk-free rate is 2% and the beta of a stock is 2.0, what is the expected return of the stock?

A. less than 12%.

B. 12%.

C. greater than 12%.

D. cannot be determined.

To learn more about returns: brainly.com/question/24301559

#SPJ4

3 0
1 year ago
On November 30, Parlor, Inc. purchased for cash at $15 per share all 250,000 shares of the outstanding common stock of Shaw Co.
scoray [572]

Answer:

Value of goodwill = $350,000

Explanation:

In case where is investment in 100% shares of a company then that may give rise to goodwill or rise to capital reserve.

Any amount paid to acquire that interest in company more than the value of such company is recorded as goodwill.

Here, cost of acquisition = $15 \times 250,000 =  $3,750,000

Carrying value of net assets of the company = $3,000,000

Increase in value due to fair value = $400,000

Value of goodwill = Purchase price - Fair Value of net assets

Therefore, value of goodwill = $3,750,000 - ($3,000,000 + $400,000) = $350,000

7 0
3 years ago
On January 1 of this year, Olive Corporation issued bonds. Interest is payable once a year on December 31. The bonds mature at t
ss7ja [257]

Answer and Explanation:

The amortization schedule is presented below:    

Date          Cash   Interest expense    Amortization Balance

                        A              B                           C = (A - B)

January 1, Year 1                                              $58,998

                                                                                                    D

End of Year 1 $3,944     $3,717                     $227                 $58,771

                                                                                                  E = D - C

End of Year 2  $3,944    $3,702.573            $241                 $58,530

End of Year 3  $3,944     $3,687.39            $257                 $58,273

End of Year 4  $3,944     $3,671                   $273              $58,000

Working notes:

For computing the missing amount first we have to find out the interest expense rate which is

= $3,717 ÷ $58,998

= 6.30%

For year 2,

The interest expense is

= $58,771 × 6.30%

= $3,702.573

For year 3,

The interest expense is

= $58,530 × 6.30%

= $3,687.39

4 0
3 years ago
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