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amid [387]
3 years ago
11

Write down parts of the report

Business
1 answer:
kondaur [170]3 years ago
7 0
What is it abt the report
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As a stockholder in Bozo Oil Company, you receive its annual report. In the financial statements, the firm has reported assets o
fgiga [73]

Answer:

See below

Explanation:

a. Earnings per share

= After tax earnings / Number of common shares outstanding

= $3,000,000 / 761,000

= $3.9 per share

b. Assuming that a share of Bozo Oil's company has a market value of $40, then, the firm's price earning ratio would be:

= Common stock market value / Earnings per share

= $40 / $3.9

= 10.26

c. The book value of a share of Bozo Oil's common stock

Book value = (Assets - Liabilities) / Number of shares outstanding

= ($15,000,000 - $9,000,000) / 761,000

= $6,000,000 / 751,000

= $7.88

7 0
3 years ago
There are four seats on the board of directors of MMT, Inc., up for election. The firm has 175,000 shares of stock outstanding a
Archy [21]

Answer:

We must spend $575,023 to acquire sufficient shares to guarantee your election to the board

Explanation:

To calculate the number of shares, the below formula will be used

Number of shares = [(S * X) / (D + 1)] + 1

S = Total number of shares, X = Number of seats you want to leave, D = Total number of seats

Number of shares = (175,000 * 1) / (4 + 1) + 1

Number of shares = (175,000 / 5) + 1

Number of shares = 35,000 + 1

Number of shares = 35,001

We control 35,001 if we wants to guarantee election to the board.

The additional no of shares that we need to buy is as calculated below as we already owns 10,000 shares

Cost = (Number of shares required - Number of shares already owned) * Price per share

Cost = (35,001 shares - 10,000 shares) * $23

Cost = 25,001 shares * $23

Cost = $575,023

Thus, it will cost us $575,023 to guarantee that we will be elected to the board.

4 0
3 years ago
All of the following were monetary and fiscal policy responses to the Great Recession EXCEPT? (a) Troubled Asset Relief Program
valentinak56 [21]

Answer:

C. Medicare

Explanation:

Medicare is a federal health insurance program that pays for hospital and medical care both for people in the U.S. who are older and for some people with disabilities. Medicare isn't part of the monetary or fiscal policy responses to the Great Recession

7 0
3 years ago
Aldo Redondo drives his own car on company business. His employer reimburses him for such travel at the rate of 36 cents per mil
Tom [10]

<u>Solution and Explanation:</u>

<u>Step 1 </u>

Consider the given information:

Reimbursement = 36 cents per mile

Fixed cost per year = $2,052 minus 205200 cents

Direct variable cost = 14.4 cents per mile

<u>Step 2 </u>

At the break-even point, total cost becomes equal to the total revenue.

Suppose it takes Q miles for ARto reach break-even.

Step1: Calculate the total cost of AR when the car cover Q miles, as shown below:

Total Cost = Fixed cost + Variable Cost

                 = 205,200 + 14.4 Q

<u>Step 2</u> Calculate the total revenue (reimbursement) of AR when the car covers Q miles, as shown below:

Total Revenue = Reimbursement multiply with Total miles

                       = 36Q

<u>Step 3:</u> Calculate the break-even miles for the car, as shown below:

At break-even,  Total cost = Total revenue

205,200 plus 14.4Q = 36Q

      36Q minus 14.4Q = 205,200

            21.6Q = 205,200

   Q = 205,200 divide by 21.6

    Q = 9,500 miles

Hence, AR should drive 9,500 miles to break-even.        

5 0
3 years ago
With $5,100,000 Paul's will creates a trust with the following provisions: life estate to Jacob (Paul's son) and remainder to An
kompoz [17]

Answer:

After the death of Jacob's

Explanation:

Based on the information given we were told that Paul's transfer the life estate to Jacob which means that if Jacob dies when the amount of the trust was $7,650,000 the GENERATION-SKIPPING TRANSFER OF PROPERTY that will occur due to the legal Transfer of the property or inheritance will result after Jacob's death to the beneficiary which are the grandchildren for the sole aim of making sure that the life estate tax are paid and to ensure that the life estate taxes are not paid twice which is why GENERATION-SKIPPING TRUST was created in order to reduce estate taxes.

Therefore the GENERATION-SKIPPING TRANSFER OF PROPERTY will result after the death of Jacob's

5 0
3 years ago
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