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
Mariulka [41]
3 years ago
6

The Jennings Group reacquired 3 million of its shares at $76 per share as treasury stock. Last year, for the first time, Jenning

s sold 2 million treasury shares at $77 per share.
By what amount will Jennings’ retained earnings decline if it now sells the remaining 1 million treasury shares at $73 per share? (Enter your answer in millions (i.e., 10,000,000 should be entered as 10).)
Business
1 answer:
ra1l [238]3 years ago
3 0

Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation  

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

Download xlsx
You might be interested in
If some one makes a deal to not work for 2 years and will pay you 100 billion dollars or should you choose a different man who s
-BARSIC- [3]
You would choose the last one. In two months, you make more money thank you would in those two years for the first man. 
3 0
3 years ago
Sheridan Company began the year with retained earnings of $659000. During the year, the company recorded revenues of $600000, ex
Margarita [4]

Answer:

C. $737,500

Explanation:

The formula to compute the ending balance of retained earning is shown below:

The ending balance of retained earning = Beginning balance of retained earnings + net income - dividend paid

= $659,000 + $220,000 - $141,500

= $737,500

The net income is calculated below:

= Sales revenues - expenses

$600,000 - $380,000

= $220,000

3 0
3 years ago
Suppose that two factors have been identified for the U.S. economy: the growth rate of industrial production, IP, and the inflat
DENIUS [597]

Answer:

23.3%

Explanation:

Expected return refers to the anticipated profit or loss of financial investment. Essentially, it's the value of the return that investors anticipate. We can find the expected return by using the formula given below

Δ IR = 5-5% - 2% = 3.5%

Δ IP = 6% - 4% = 2%

Formula

Expected return = Expectedreturn(previous year) + (betaIP x Δ IP) + (betaIR x Δ IR)

Expected return = 12% + (2.5 x 2%) + (1.8 x 3.5%)

Expected return = 23.3%

5 0
3 years ago
What are examples of cocurricular education? Check all that apply.
DENIUS [597]

a CTSO for students taking marketing classes

a club providing hands-on laboratory experience for students taking a science class

an agricultural organization for students in an agricultural school

4 0
3 years ago
Read 2 more answers
An example of a short-term financial goal is
Leviafan [203]
A car purchase would be an example of a short term financial goal.
7 0
3 years ago
Other questions:
  • On August 31, 2021, the general ledger of The Dean Acting Academy shows a balance for cash of $7,874. Cash receipts yet to be de
    7·1 answer
  • Travis bought a share of stock for $31.50, the stock paid a dividend of $0.85, and Travis sold it six months later for $27.65. W
    9·1 answer
  • A good _____ for aggression may be the number of times one rat bites another rat.a) correlationb) replicationc) operational defi
    6·1 answer
  • International experience is valuable for mid-career individuals who aspire to higher positions and greater responsibility, but n
    15·1 answer
  • TP1. <br> LO 4.1Can a company use both job order costing and process costing? Why or why not?
    11·1 answer
  • CHEMISTRY! I need help for this experiment as well.. What is the observation for that both on the table? ​
    10·1 answer
  • Which is not capital​
    6·2 answers
  • Indicate how the following transactions affect the accounting equation.
    11·1 answer
  • I dont get it<br> can you help ye s didniit os good to dxuiowesxvuedhhgv0x difc id dv h 0oidv
    6·2 answers
  • Which characteristic is not reflective of a successful entrepreneur?
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!