Answer:
1) The pretax income of Acme Brush became a US dollar pretax loss because of spot rates and or the exchange rates meaning sales were made when the exchange rate was Less than the exchange rate when the expenses were paid. But the main difference between the two currencies is exchange rates.
2) Cooper Grant should be paid the annual bonus as it is payable to him because Acme Brush of Brazil made a profit and his Bonus is a predetermined percentage of the pretax income.
Explanation:
<span>The permanent school fund is managed primarily by what entity? The state and board of education. The state will determine what schools receive funding based on different attributes that each have. Depending on the size of the school, student body and teachers, the programs the school has and where the money is needed (possible expansions) allows for funding to be dispersed appropriately. </span>
Answer:
- How many shares of common stock are outstanding?
C. 3,000
Explanation:
Treasury stock, are those that the company repurchase from the market and keep it in the company, in this case the company keep the shares in the accounting and the shares could be reissued in the future.
The company issued 9,000 shares, it is reflected in the Common Stock account, $90.000 / $10 = 9,000.
Then in the Treasury Stock account are registered the shares that the company repurchases from the market, these are, 6,000 shares.
Finally the total Common Shares outstanding are 3,000.
Answer:
NPV = $28020.99
so he accept the this project as NPV value is positive
Explanation:
given data
CF 0 = $80000
CF 1 = $40000
CF 2 = $40000
CF 3 = $30000
CF 4 = $30000
discount rate r = 12%
solution
we get here Net present value (NPV) of the project that is total sum of the current value of all flow that is express as
NPV = 
...........................1
put here value and we get
NPV = 
solve it we get
NPV = - 80000 + 35714.29 + 31887.76 + 21353.41 + 19065.54
NPV = $28020.99
so he accept the this project as NPV value is positive
Answer:
$75.3 million
Explanation:
Data provided in the question:
Shares outstanding = 3 million
Current price = $15 per share
Value of Bonds = $30 million
Selling price of bonds = 101% of par
Now,
Market Value of the firm = Market Value of shares + Market Value of bonds
or
Market Value of the firm = ( 3 million × $15 ) + ( $30 million × 101% )
or
Market Value of the firm = $ 45 million + $30.3 million
or
Market Value of the firm = $75.3 million
