Answer:
Market price per share = <u>Total market capitalization</u>
No of shares outstanding
= <u>$1.25 billion</u>
$50 million
= $25 per share
Number of shares to issue to repay debts
= <u>Total value of debt</u>
Market price per share
= <u>$750 million</u>
$25
= 30 million shares
Explanation:
In this case, we need to calculate the market price per share by dividing the total market capitalization by the number of shares outstanding.
Thereafter, we will derive the number of shares needed to repurchase debt by dividing the value of debt by the market price per share.
Answer:
(2)
Explanation:
"Although" Implies that even though her request was denied, she will begin something else in two weeks. "But" makes it sound like a negative thing, even though it isn't
Answer: F
Explanation: The fed funds rate is the interest rate that depository institutions—banks, savings and loans, and credit unions—charge each other for overnight loans. The discount rate is the interest rate that Federal Reserve Banks charge when they make collateralized loans—usually overnight—to depository institutions.
Answer:
The correct answer is letter "C": Each batch of production, known as a job or lot.
Explanation:
Job order cost systems are used to accumulate the cost per unit of items that are different enough, each one having significant costs. Under this costing system each item produced is given its direct material costs, labor costs, and overhead. Clothing, food, and aircraft manufacturing companies use the job order cost system.
<em>Unitary costs are accumulated per batch of productions under this type of costing system.</em>
Answer:
D. Salaries and Wages Expense 530
Advertising Expense 910
Cash 1440
Explanation:
Salaries and wages expense, and advertising expense, are expenses, therefore, when they increase, they are debited.
Cash is an asset account, when it decreases, as in this case, it is debited.
The entry would be:
Account Debit Credit
Salaries and Wages Expense 530
Advertising expense 910
Cash 1440
