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3 years ago

Locust has 657 million shares outstanding with a market price of $83 a share.

1 answer:

4 0

Total number shares * value per share = total market value

657,000,000 shares * $83/ share = 54, 531, 000, 000 or 54, 531 million

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Cheyenne Corp. reported net income of $196,100 for 2022. Cheyenne also reported depreciation expense of $47,400 and a loss of $5

denpristay [2]

Solution:

Particulars Amount

Net Operating Income $ 196,100

Adjustments to reconcile the net to :

Net Cash provided by the operating activities.

Add the depreciation expenses $ 47,400

Add loss on disposal of plant assets $ 5,600

Add increase in the accounts receivable $ 10,900

Add increase in Accounts payable $ 12,900

Add increases in prepaid expenses $ 3,200

$ 80,000

Cash balance at the end $ 276,100

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2 years ago

The government provides ______

Harrizon [31]

Unemployment insurance

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3 years ago

What is the purpose of the color coded tape located at the front entrance of

irina1246 [14]

Answer:

D. None of the above

Explanation:

The color-coded tape are used at the front entrance of Dollar General stores is a way to attract the customers in the store.

The color-coded tape attracts customers and shows the safety information to customers directly at the point.

Hence, the correct option is "D. None of the above".

8 0

3 years ago

Determine the market potential for a backpack that has 200,000 prospective buyers who purchase an average of 2 backpack per year

LekaFEV [45]

Answer:

i.The total number of a company sell if it desires a 10% share of this market? is 40,000 units

ii. The % of the market supplies that should capture to break even is 5%

Explanation:

To calculate break even point in unit, use the formula;

Fixed Cost / Contribution Margin.

In this question, Fixed cost is the factory lease cost of one year for $400,000

Contribution margin is the difference betwen Selling Price and Variable Cost.

This will be $50-$30=$20

Therefore, Break even point in unit = $400,000 divided by $20

this will give 20,000 units.

20,000 units is 5% of the market size of (200,000X2) 400,000 units.

I.e. (20,000/400,000)X100=5%

8 0

3 years ago

If a competitive firm can sell a bushel of soybeans for $25 and it has an average variable cost of $24 per bushel and the margin

Dmitrij [34]

Answer:

reduce output

Explanation:

The marginal cost ($26) is greater than the marginal revenue ($25). In order to maximise profit, marginal cost should he reduced up to the point where marginal cost equals marginal benefit.

A firm should shutdown, reduce production to zero if average variable cost is greater than price but in this question, the firm shouldn't shut down since price ($25) is greater than average variable cost ($24).

I hope my answer helps you

5 0

3 years ago