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barxatty [35]
3 years ago
14

The Gable Inn is an all-equity firm with 16,000 shares outstanding at a value per share of $14.50. The firm is issuing $50,000 o

f debt and using the proceeds to reduce the number of outstanding shares. How many shares of stock will be outstanding once the debt is issued
Business
1 answer:
sukhopar [10]3 years ago
4 0

Answer:

12,552 shares

Explanation:

Data provided:

Initial outstanding shares of the firm = 16,000 shares

Value of each share = $14.50

Debt issued = $50,000

Now,

the number of shares used for issuing for $50,000 debt

= Debt issued / value of each share

on substituting the respective values, we have

the number of shares used for issuing for $50,000 debt

= $50,000 / $14.50

= 3448.27 ≈ 3448 shares

Now,

The shares of stock that are outstanding once the debt is issued =

= Initial outstanding shares -  shares used for issuing for $50,000 debt

= 16,000 - 3448

= 12,552 shares

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Answer:

Using cc means that you send the email to another person — or other people — in addition to the primary recipient or recipients. When you use cc, everyone who receives the email can see who else received it. Bcc (“blind carbon copy) also sends a copy of the email to one or more people beyond the primary recipient(s).

Explanation:

4 0
3 years ago
Which form of business ownership is the most complex and difficult to form, and why?
Finger [1]
Honestly I would say being an entrepreneur is the most complex and difficult to form, especially if you're trying to build from the ground up it can take a matter of 4-5 maybe more years, this isn't a "answer" ore of an "opinion." 

Hope this helped though! 
6 0
4 years ago
Assume that three identical units of merchandise were purchased during October, as follows: Units Cost October 5 Purchase 1 $5 1
den301095 [7]

Answer:

Cost of merchandise sold = $ 28

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The ending inventory under the LIFO method = $ 18

Explanation:

Given:

October 5,

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Purchased units = 1

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Unit cost = $ 15

Total cost of the 3 units purchased = $33

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thus,

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or

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4 0
3 years ago
Read 2 more answers
Routine, day-to-day business processes and interaction with customers occur at the ________ level of a firm.
Setler79 [48]

Answer:

Operational level

Explanation:

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8 0
3 years ago
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wariber [46]

Answer:

A

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Large inventories; that dont sell its a weakness

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Cost advantages; cost advantage against your competitors is an added strength

Market leadership; having a large market share is equally an advantage

6 0
3 years ago
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