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3 years ago

Element Corporation reported the following equity section on its current balance sheet.

Business

1 answer:

Feliz [49]3 years ago

5 0

Answer:

314,000 shares

Explanation:

The number of issued shares in case of 2 for 1 stock split would be

= Number of issued shares × stock split ratio

= 157,000 shares × 2

= 314,000 shares

Simply we multiply the Number of issued shares with the stock split ratio so that the accurate number of shares can come

All other information which is given is not relevant. Hence, ignored it

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Carla Vista Company reports the following operating results for the month of August: sales $385,000 (units 5,500), variable cost

Neko [114]

Answer and Explanation:

The computation is shown below:

Selling Price = Sales ÷ Units Sold

Current Selling Price = $385,000 ÷ 5500

= $70

Now

Expected Selling Price per unit = $70 + ($70× 10%)

= $77

Now

Expected Sales = 5500 × $77

= $423,500

Now

Net Income = Sales - Variable Cost - Fixed Cost

= $423,500 - $250,000 - $94,000

Sales = $385000

Variable cost = $385,000 × 56% = $215,600

Sales $385,000

Less: variable cost -$215,600

Contribution Margin $169,400

Les: fixed cost -$94,000

Net Income $75,400

As we can see that if there is an increase in Selling Price by 10% so it would produce highest Net Income.

3 0

3 years ago

Financial literacy is the set of skills and knowledge needed to make informed decisions about __________. A. career matters B. m

Likurg_2 [28]

Answer: B. Money matters

Explanation: “Financial” means the management of money, so money matters would be the correct answer.

5 0

3 years ago

Aside from an associates degree what else can earn at a two year college

Assoli18 [71]

A two year college may also have a vocational technical side beside the associate degree.
Vo-tech careers can take 12-24 months of study; examples culinary arts, house construction, vet tech, cosmetology. Certificate programs are also available for learning specific computer programs, project management, or health aide.
You might want to check out Pensacola State college for a good look.

3 0

3 years ago

Read 2 more answers

g An investment bank agrees to underwrite an issue of 5 million shares of stock for Longard Corp. (1). If the investment bank un

Genrish500 [490]

Answer:

Longard Corp.

The money that Longard Corp. receives is:

= $75 million.

Explanation:

a) Data and Calculations:

Number of shares issued = 5 million

Investment bank underwriter pays per share to Longard Corp = $15

Stock price to the public = $20 per share

Total amount received from the underwriter = $75 million ($15 * 5 million)

b) The calculations show that the investment bank will eventually receive $100 million ($20 * 5 million) from the public offer. It then charges $5 per share (representing a total underwriting fee of $25 million). This is why it remits only $75 million to Longard Corp.

6 0

3 years ago

Which of the following statements regarding the center of gravity method is false

grigory [225]

Answer:

Consider the following explanation

Explanation:

False statement are as follows,

A) It is designed to minimize the maximum possible travel distance to any location

This statemet is false

Explanation- Center of gravity has nothing to do with travel distance or any kind of diisplacement. Following sentence is used in cargo industry ffor effieicent transportation.

C) And D) Are also false

Explanation- They are also a part of cargo management hence cannot be used in center of gravity method.

Only Option B) Is correct

8 0

3 years ago