The client's average cost per share of GRO is $40.61
<h3>What is the cost per share of stock?</h3>
The most recent price at which a stock has traded is known as the "share price," or market price per share of stock. When the price a buyer is prepared to pay for a stock meets the price a seller is willing to accept for a stock, it happens as a result of market forces. Divide the total cost of the acquisition by the number of shares purchased to arrive at the average price per share.
Given:
Net asset value of fund(X) Number of shares purchased(Y) X×Y
$ 44.44 45 $1,999.80
$ 38.46 52 $1,999.92
$ 33.90 59 $2,000.10
$ 48.78 41 $1,999.98
Total 197 $7,999.80
Client's average cost per share $ 40.61
Average cost per share = 7999.80/197 = $40.61
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Answer:
a set of assumption framework and methodologies used in the study of application of financial reporting principles
Answer:
Holly; more
Explanation:
In this secanrio we have two firm Holly Inc and Molly inc. Holly inc is interested in acquiring a company in Thailand that produces computers and sells them within Thailand.
Molly Inc on the other hand wants to acquire a Thailand company that will produce computers and export them.
Holly Inc is more sensitive to the economic conditions of Thailand because they want to contribute to the country's GDP and growth by selling computers in Thailand.
Molly Inc however is using Thailand for its production and exporting the computers. It does not contribute to the Thailand economy.
Answer:
Debit Land $94,000; credit Common Stock $62,000; credit Paid-In Capital in Excess of Par Value, Common Stock $32,000
Explanation:
Preparation of what The entry to record this exchange is:
Debit Land $94,000
Credit Common Stock $62,000
(6,200*$10)
Credit Paid-In Capital in Excess of Par Value, Common Stock $32,000
($94,000-$62,000)
(To record exchange)
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