Outstanding shares will be 12,000 shares.
These are calculated as follows:
Here the number of shares are as follows;
Authorized shares are 20,000, Issued shares are 15,000, Treasury shares are 3,000
Therefore, the number of outstanding shares can be calculated as follows
Number of outstanding shares = Issued stock- Treasury stock
= 15,000-3,000
= 12,000
Hence the number of outstanding shares is 12,000
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Answer:
LeCompte Corp.
The profit margin that LeCompte Corp. would need in order to achieve the 15% ROE, holding everything else constant is:
A) 7.57%.
Explanation:
a) Data and Calculations:
Assets = $312,900
Common Equity = Assets = $312,900
Sales for the last year = $620,000
Net income after taxes = $24,655
Expected return on equity (ROE) = 15%
ROE (in amount) = $312,900 * 15% = $46,935
Profit margin = Returns on Equity/ Sales * 100
= $46,935/$620,000 * 100
= 7.57%
b) The expected returns on equity in dollars is equal to the net income. Therefore, we can use the ROE to calculate the profit margin. The profit margin expresses the relationship between sales and profit. It shows the profit made from each dollar sales.
Answer:
16650+
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Explanation:
<span>ABC, Incorporated desires to have the most qualified people in every position throughout its organization. This is an example of a concern for human capitol</span>
Answer:
The ratio of the percent change in quantity demanded to the percent change in price.
Explanation:
Price elasticity of demand measures how responsive quantity demand is to changes in price.
The formula is given by
Price elasticity of demand= Percetage change in demand/ Percentage change in price
Usually the price elasticity bis negative. Goods that don't obey the law of demand have positive elasticity.