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
arsen [322]
3 years ago
12

Hayes corporation has $300 million of common equity, with 6 million shares of common stock outstanding. if hayes' market value a

dded (mva) is $130 million, what is the company's stock price? (round your final answer to two decimal places.)
Business
1 answer:
oee [108]3 years ago
7 0

Answer:

Hayes corporation´s stock price is:

Common equitity: $300,000,000

Common shares outstanding: 6,000,000 shares

Market value added (MVA): $130,000,000

Computation:

MVA= (Number of shares * stock price) - Book value of equity

$130,000,000= (6,ooo,ooo shares *Stock price) - $300,000,000

Stock price: 71.6

You might be interested in
The people assigned to your project have high billable rates, and the project budget doesn't provide much of a buffer over your
lbvjy [14]
FL me do us too ha so he
6 0
4 years ago
Winston Co. had two products code named X and Y. The firm had the following budget for August:
xenn [34]

Answer:

a. $90,000 favorable

Explanation:

Calculation for what The selling price variance for Product Y is

First step is to calculate the Actual price

Actual price:M=$540,000 ÷ 9,000

Actual price= $60

Now let calculate the selling price variance

Selling price variance=($60 - $50) × 9,000

Selling price variance=$10×9,000

Selling price variance=$90,000 favorable

Therefore The selling price variance for Product Y is $90,000 favorable

5 0
3 years ago
The application of strict liability to product defects is primarily based in federal statute.
Drupady [299]
<span>false
 In the United States, the cases most regularly connected with liability as it relates to product are carelessness, strict obligation, rupture of guarantee, and different buyer insurance claims. The lion's share of item risk laws are resolved at the state level and shift generally from state to state.</span>
4 0
3 years ago
Read 2 more answers
Using the indirect method (statement of cash flows), a gain from the sale of equipment would: A) be subtracted from net income B
eimsori [14]

Answer:

The correct answer is A) be subtracted from net income

Explanation:

The indirect method involves the adjustment of net income with changes in balance sheet accounts to arrive at the amount of cash generated by operating activities.

It depends on the account if it is added or subtracted to net income.

A gain from the sale of equipment is subtracted from net income

7 0
3 years ago
You own one call option with an exercise price of $30 on Nadia stock. This stock is currently selling for $27.80 a share but is
Shalnov [3]

Answer: 0.755

Explanation:

From the information given, the current per share value of the option if it expires in one year will be calculated as follows:

Firstly, we calculate the present value which will be:

= $28 / ( 1 + 0.05 )

= $28/1.05

= $26.667

The number of options needed will be:

= ( 34 - 28 )/ ( 4-0)

= 6/4

= 1.5

Therefore,

27.80 = (1.5 x Co) + [28 / (1+0.05)]

27.80 = 1.5Co + (28/1.05)

27.80 = 1.5Co + 26.667

1.5Co = 28.0 - 26.667

1.5Co = 1.1333

Co = 0.755

Therefore, the answer is 0.755

5 0
3 years ago
Other questions:
  • What are four reasons to set a company purpose?
    12·2 answers
  • The _____ system development approach requires cooperation and frequent face-to-face meetings with all project participants as t
    6·1 answer
  • Fred ran short on cash and borrowed​ $300 through a payday loan company. the company charged him a fee of​ $60 to borrow the​ $3
    13·1 answer
  • Julia's is an upscale women's clothing store. prices are based on customers' beliefs about the value of the clothing. the store
    15·1 answer
  • At the end of 2016, Concord Corporation has accounts receivable of $704,700 and an allowance for doubtful accounts of $26,850. O
    9·1 answer
  • TB MC Qu. 8-119 Bramble Corporation is a small wholesaler ...
    8·1 answer
  • If the domestic demand curve is Equal 20p Superscript negative 0.5​, the domestic supply curve is Equal 5p Superscript 0.5​, and
    11·1 answer
  • FIFO and LIFO Costs Under Perpetual Inventory System The following units of an item were available for sale during the year: Beg
    7·1 answer
  • You purchased 5,400 shares in the New Pacific Growth Fund on January 2, 2016, at an offering price of $63.90 per share. The fron
    10·1 answer
  • Good evening! Did you eat today? Did you drink water today? Did you get outside for some fresh air or even anytime to chill? Did
    5·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!