Answer: 20,714,286 shares
Explanation:
Find out the number of shares that was repurchased:
= Amount raised / stock price
= 240,000,000 / 7
= 34,285,714 shares
Number of shares after recap:
= Number of shares before recap - Shares repurchased
= 55,000,000 - 34,285,714
= 20,714,286 shares
Answer: The answer is elastic demand because elasticity of demand is > than 1
Explanation:Elasticity of demand is the degree of responsiveness of demand to slight change in price of goods. It is calculated as ED=% change in Qd/% change in price
Since Qd is 3 and 5
Qo-Q1/Qo*100%
3 - 5/3*100%
= -2/3*100%
= -200/3
=-66.6%(ignore the minus sign)
Po-P1/Po*100%
8-6/8*100
=2/8*100%
= 25%
ED= 66.6/25
=2.6
6-8/6*100%
=-2/6*100%
=-200/6
=-33.3%
ED= 66.6/33.3
=2
Since the elasticity of demand is greater than 2. Therefore elasticity of demand is elastic
Answer:
B. Materials Control XXX Work in minus Process Control XXX
Explanation:
The journal entry is as follows
Material Control XXX
To Work in process control
(Being the disposal value is recognized)
While recording this given entry we debited the material control account and credited the work in process control so that the correct posting could be done
Hence, the correct option is B.
Answer:
This presentation helps you choose which of the five health insurance options works best for your family.
Explanation:
In this instance the most appropriate statement will be one that helps the employee choose the best plan for themselves.
A statement with the you voice and language that is simple to understand will be best.
The statement - This presentation helps you choose which of the five health insurance options works best for your family. Best embodies these traits that will attract employees to the fair
Answer:
$4,600
Explanation:
Data provided in the question:
Purchasing cost of the van = $20,000
Adjusted basis = $5,800
Worth of the van at the time of accident = $6,000
Insurance reimbursement = $1,200
Now,
The amount of Riley's casualty loss deduction will be
= Adjusted basis - insurance reimbursement
or
Amount of Riley's casualty loss deduction = $5,800 - $1,200
or
Amount of Riley's casualty loss deduction = $4,600