It is used to prevent youth violence. This is an action
project by the National institute of justice for comprehensive gun violence
reduction strategies. It aims to reduce
serious youth (ages from 8-18 years old) violence in Boston.
Answer:
$78.0 million
Explanation:
Cost of repurchase = Number of shares*Share price/(1-1%)
Cost of repurchase = $3,352,720 * $23.02/(1-1%)
Cost of repurchase = $3,352,720 * $23.02/(1 - 0.01)
Cost of repurchase = $3,352,720 * $23.02/0.99
Cost of repurchase = $3,352,720 * $23.25
Cost of repurchase = $
77,950,740
Cost of repurchase = $78.0 million
Answer:
b. $10
Explanation:
The computation of the cost per shirt is shown below:
= (The cost of its factory, raw materials, and labor) ÷ (production level)
= $500,000 ÷ 50,000 shirts
= $10
Since we have to compute the cost per shirt before the increase in production level so we do not consider the increased production level and increase labor and raw material expense.
Answer:
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Explanation:
Answer:
9.82
Explanation:
Given that,
Assets = $18 billion
Tax rate = 35%
Basic earning power (BEP) ratio = 12%
Return on assets (ROA) = 7%
BEP = EBIT ÷ Total Assets
12% = EBIT ÷ $18 billion
EBIT = 12% × $18 billion
= $2.16 billion
ROA = Net Income ÷ Total Assets
7% = Net Income ÷ $18 billion
Net Income = 7% × $18 billion
= $1.26 billion
Earning before tax:
= Net income ÷ (1 - tax)
= $1.26 ÷ (1 - 0.35)
= $1.26 ÷ 0.65
= $1.94 billion
Interest Expense:
= EBIT - EBT
= $2.16 billion - $1.94 billion
= $0.22 billion
Times interest earned ratio:
= EBIT ÷ Interest expense
= $2.16 billion ÷ $0.22 billion
= 9.82