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4 years ago

Approximately ________ percent of americans lack high-speed internet access in their homes.

1 answer:

7 0

<span>Approximately 50 million US homes have only one 25 Mbps internet provider or none at all which accounts to around 64%.The remaining 46% which accounts for more than 10.6 million US households have no access to wired internet service with download speeds of atleast 25mbps.</span>

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In the first three years of operations, Lindsey Corporation reported net income(loss) of $(150,000), $100,000, and $250,000. At

Dmitriy789 [7]

Answer:

$80,000

Explanation:

The calculation of the total amount of dividend for three years is given below

= Net loss for first-year - net income for the second year + net income for the third year - ending retained earning balance

= -$150,000 + $100,000 + $250,000 - $120,000

= $200,000 - $120,000

= $80,000

And,

As we know,

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

So, we used the same formula to compute the dividend amount

3 0

3 years ago

Barnegat Light sold 100,000 shares in an initial public offering. The underwriter's explicit fees were $50,000. The offering pri

Rom4ik [11]

The best estimate of the total cost to Barnegat Light of the equity issue will be $1,050,000.

In addition to the explicit fees of $50,000, we should also take into account the implicit cost incurred to Barnegat Light from the underpricing in the IPO. The underpricing is $10 per share, implying total costs of $1,000,000.

Calculation for What is the best estimate of the total cost to Barnegat Light of the equity issue-:

Total cost = $50,000 + ($30 - $20)1,000,000 shares

Total cost = $50,000+($10)1,000,000 shares

Total cost = $50,000+$1,000,000

Total cost =$1,050,000

Therefore the best estimate of the total cost to Barnegat Light of the equity issue will be $1,050,000.

Learn more about Initial Public Offering (IPO)on:

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5 0

2 years ago

A company has 5,000 shares of $100 par preferred stock and 50,000 shares of $10 par common stock outstanding. Its total stockhol

Elodia [21]

Answer:

Explanation:

The first step is to calculate the preferred stock

= 5,000×100

= 500,000

Therefore the book value per common share can be calculated as follows

= 2,000,000-500,000/50,000

= 1,500,000/50,000

= 30

Hence the book value per common share is 30

7 0

3 years ago

S&L Financial buys and sells securities which it classifies as available-for-sale. On December 27, 2021, S&L purchased C

mina [271]

Answer:

2021= $0 gain/loss

2022= $3,500 gain

Explanation:

S and L financial buys and sells securities

On December 27, 2021 S&L purchased coca-cola bonds at par for $965,000

The bonds were sold for $968,500 at January 3 2022

At December 31, the bonds had a fair value of $960,000

Since the amount of fair value has reduced greatly below the value at which it was bought on December 31 then, this implies that there will be no gain/loss that will be recognised in the earnings

Therefore,

The Pretax amount that S&L include in its net income as a result of this investment in 2021 is

= $0 gain/loss in earnings

The pretax amount that S&L include in its net income as a result in this investment in 2022 is

= $968,500-$965,000

= $3,500 gain

4 0

3 years ago

Sloan Transmissions, Inc., has the following estimates for its new gear assembly project: price = $2,800 per unit; variable cost

babymother [125]

Answer:

- Values the company should use for the four variables when it performs its best-case scenario analysis:

+ Price = 3,080 per unit;

+ Variable costs = $504 per unit;

+ Fixed cost = $2.7 million;

+ Quantity = 94,600 units.

- Values the company should use for the four variables when it performs its worst-case scenario analysis:

+ Price = 2,520 per unit;

+ Variable costs = $616 per unit;

+ Fixed cost = $3.3 million;

+ Quantity = 77,400 units.

Explanation:

- Under the best-case scenario analysis, price and quantity should be given the highest ( thus the best) estimates while variable costs and fixed costs should be given the lowest ( thus the best) estimates. So, we have:

+ Price = 2,800 x 1.1 = 3,080 per unit;

+ Variable costs = 560 x 0.9 = $504 per unit;

+ Fixed cost = 3 million x 0.9 = $2.7 million;

+ Quantity = 86,000 x 1.1 = 94,600 units.

- Under the worst-case scenario analysis, price and quantity should be given the lowest ( thus the worse) estimates while variable costs and fixed costs should be given the highest ( thus the worst) estimates. So, we have:

+ Price = 2,800 x 0.9 = 2,520 per unit;

+ Variable costs = 560 x 1.1 = $616 per unit;

+ Fixed cost = 3 million x 1.1 = $3.3 million;

+ Quantity = 86,000 x 0.9 = 77,400 units.

6 0

3 years ago