Answer:
C
Explanation:
Cost=10000
Accumulated depreciation=3000
Sales price=9000
Net value=10000-3000=7000
Gain=9000-7000=2000
Answer:
612,936 shares
Explanation:
The computation of the number of shares of stock must be sold is shown below:
Before that we have to compute
Required sales proceeds net of spread is
= (Raise amount + estimated cost for legal and accounting fees) ÷ (1 - spread rate)
= ($14.9 million + $582,000) ÷ (1 - 0.0815)
= ($1,5482,000) ÷ (1 - 0.0815)
= $16,855,743.06
So, shares to be sold is
= $16,855,743.06 ÷ $27.50
= 612,936 shares
Answer:
I used an excel spreadsheet because there is not enough room here.
Explanation:
Answer:
Find attached question with multiple choices
The third option ,72,000 shares, is the correct answer.
Explanation:
A stock split refers to redenomination of shares by increasing the number of shares and proportionately reducing the number par value per share.
A 3-1 share split means that one prior share now commands three shares while the price of one share is apportioned between the three shares
Robinson now 3/1*24,000 shares=72,000 shares
One previous share was $1 par value but the three new shares would $1/3=$0.33 per share instead of the previous $1 par value
Answer:
M = $3.20
N = $9.95
O = $5.21
I believe it is the second option.
Explanation:
Item No. of Items Purchased Resale Price Per Unit
M 4,600 $4.05
N 2,300 $12.60
O 6,600 $6.60
total resale price:
- M = 4,600 x $4.05 = $18,630
- N = 2,300 x $12.60 = $28,980
- O = 6,600 x $6.60 = $43,560
- total = $91,170
markup % = ($91,170 - $72,000) / $72,000 = 26.625%
purchase cost per unit:
- M = $4.05 / ( 1 + 26.625%) = $3.20
- N = $12.60 / ( 1 + 26.625%) = $9.95
- O = $6.60 / ( 1 + 26.625%) = $5.21