Answer:
The price per share of equity is $37.083
Explanation:
The first capital structure is purely equity based and Guld Shores will sell 300000 shares at price x to raise the needed capital.
The second structure is a mixed or leveraged structure where both debt and equity components are involved. The capital that needds to be raised remains constant.
Gulf has to give up 300000 - 252000 = 48000 shares and raise 1.78 million dollars from debt. We assumed that the amount that Gulf will raise is the ame from both th structures. Then 48000 shares at price x are equal to $1.78 million debt.
So, Price per share of equity is,
1,780,000 = 48000x
1780000 / 48000 = x
x or price per share = $37.083
The news corporation, Smile train, Delta airlines and Gucci are all examples of organizations
Explanation:
The entity that consists of many groups of people who work together for an organization for a particular purpose for an institution or for an association is called as an organization
The tasks here are performed in an organized way and taking the efficient way to approach an presenting them in a logical order is called as organizing there are three main types of business organizations they are the sole proprietorship, partnership and the cooperation
Answer:
b. $5,870
Explanation:
Data given in the question
Cash balance per books, May 31 $5,400
Deposits in transit $375
Notes receivable and interest collected by bank $650
Bank charge for check printing $40
Outstanding checks $2,400
NSF check $140
The computation of the adjusted cash balance per books is shown below:
= Cash balance per books + Notes receivable and interest collected - Bank charges - NSF check
= $5,400 + $650 - $40 - $140
= $5,870
Answer:
Income statement using absorption costing.
Sales $756,000
Less Cost of Goods Sold
Opening Stock $0
Total Manufacturing Costs $655,000
Less Closing Stock ($104,800) ($550,200)
Gross Profit $205,800
Less Operating Expenses
Selling and administrative expenses:
Variable $35,000
Fixed $10,500 ($45,500)
Net Income $160,300
Explanation:
The Product cost is the to total of all manufacturing costs.
Answer: $0.60
Price per loaf: $2
Discount given for its bread at the end of the day= 70%
Solution:
Salvage value<span> is the estimated resale value of a product at the end of its useful life. Since the
useful life of the loaf is 1 day and it was sold at the end of the day at 70%
off, the salvage value is </span>
$2 × (1 - 70%)
<span>$0.60.</span>