1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Aleks [24]
3 years ago
8

The 2016 annual report for Mega Mills disclosed that 1 billion shares of common stock have been authorized. At the end of 2015,

750 million shares had been issued and the number of shares in treasury stock was 103 million. During 2016, the only common share transactions were that 16 million common shares were reissued from treasury and 22 million common shares were purchased and held as treasury stock.
Required:
1. Determine the number of common shares (a) issued, (b) in treasury, and (c) outstanding at the end of 2016. (Enter your answers in millions.)
Business
1 answer:
Ainat [17]3 years ago
4 0

Answer:a. Total common stock issued is 750 millions

b. In treasury is 109 million

c. Outstanding 750 million.

Explanation:

Issued shares referred to the total amount of authorised shares that has been issued to the public for subscription.

Treasury stock refers to parts of the issued stock that are held up for the ownership of the issuing company.

Outstanding stock refers to the total number of stock issued and fully paid for from the issued stock.

You might be interested in
The scenario below should be used for the following two questions. Your company, Johnson Farm Products, has decided to expand it
rewona [7]

Answer:

Education and communication

Explanation:

Education and Communication is the method to be used. Communicating the reasons behind a change can reduce employee resistance on two levels.

First, it prevents misinformation and poor communication: If employees receive the full facts and clear up misunderstandings, resistance should subside.

Second, communication can help portray the need for change by packaging it properly.

7 0
3 years ago
What type of business organization should Luke, Austin, and R.J.<br> adopt?<br> Why?
GaryK [48]
This answer the question ok

6 0
3 years ago
Hemmer Company reported net income for 2016 in the amount of $43,000. The company's financial statements also included the follo
LenKa [72]

Answer:

C. $49,600.

Explanation:

We can find the net cash provided by operating activities using the information given to us in the question. We will start from net income which is $43,000 and then add 5,800 to it because it is a current asset which is decreasing which means that the company received cash for it, then we will subtract 1,900 because it is an increase in inventory and we assume the company paid cash for it because there are no increase in accounts payable, and then we will add 2,700 because depreciation is a non cash expense, therefore we will add it back when we calculate the cash provided by operating activities.

43,000+ 5,800-1,900+2,700=49,600

4 0
3 years ago
PB8.
Maurinko [17]

Answer:

Products         Selling price   Unit variable cost

                                $                       $

Junior                     50                      15

Adult                       75                      25

Expert                     <u>110 </u>                   <u> 60</u>

Total                      <u> 235 </u>                  <u> 100</u>

The sales price per composite unit = $235

The contribution margin per composite unit

= Composite selling price - Composite unit variable cost  

= $235 - $100

= $135

Break-even point in units

= <u>Fixed cost</u>

  Contribution per unit

= <u>$114,750</u>

  $135

= 850 units

Break-even point in dollars

= Break-even point in units x Composite selling price

= 850 units x $235

= $199,750

                     Income Statement    

                                                               $

Total contribution ($135 x 850 units)   114,750

Less: Fixed cost                                     <u>114,750</u>

Net profit                                                   <u> 0</u>

                                                                                                                                                                             

Explanation:

Sales price per composite unit is the aggregate of all the selling prices.

Contribution margin per composite unit equals composite selling price minus composite unit variable cost.

Break-even point in units is fixed cost divided per composite contribution margin per unit.

Break-even point in dollars equal break-even point in units multiplied by selling price.

Income statement is prepared by deducting the total fixed cost from the total contribution.

4 0
3 years ago
The B-52 is an aircraft used by the U.S. military in armed conflict. Based on this information, what kind of good is a B-52 airc
ycow [4]
B. because it is only used by the military and not the public
5 0
3 years ago
Other questions:
  • The ability for a manager to think in abstract terms while envisioning the "big picture" falls into the category of _____, deeme
    6·1 answer
  • A drug interdiction program that successfully reduces the supply of illegal drugs in the United States likely will
    15·1 answer
  • Pensacola Inc exchanged old equipment for new equipment in two exchange transactions. Each transaction has commercial substance
    15·1 answer
  • BEST ANSWER WILL GET BRAINLIST PLZ HELP MEE
    13·1 answer
  • HCC, Inc., expects its dividends to grow at 25 percent per year for the next seven years before levelling off to a constant 3 pe
    7·1 answer
  • What is the next step for a marketer once market segmentation has been done?
    10·1 answer
  • The global technology company Motorola received negative publicity related to allegations that its workforce at a ________ plant
    6·1 answer
  • brian earned $14,000 last spring giving swimming lessons. He invested part of the money at 5% simple interest &amp; the rest at
    9·1 answer
  • Obama drives up​ miles-per-gallon requirements Emissions from all new vehicles must be cut from 354 grams to 250 grams. To meet
    11·1 answer
  • Distinguish between the savings and investment options.
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!