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Mandarinka [93]
3 years ago
6

A firm has $300 million of assets that includes $40 million of cash and 10 million shares outstanding. If the firm uses $30 mill

ion of its cash to repurchase shares, what is the new price per share Group of answer choices $42.00 $24.00 $36.00 $30.00
Business
1 answer:
Marina CMI [18]3 years ago
4 0

Answer:

$30.00

Explanation:

Repurchased Shares are called the treasury share, The treasury shares account is contra equity account, which is adjusted in the equity value. After repurchase the company has less outstanding shares than before.

As per given data

Total Asset = $300 million

Number of shares = 10 million

Per share value = $300 million / 10 million = $30 per share

After Repurchase

Total Asset = $300 million - $30 / 10 million - ($30 million / $30)

Total Asset = $270 / 10 million - 1 = $270 million / 9 million = $30 per share

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Sheila receives a merit scholarship to cover part of her private college tuition. Her parents have a low income, poor credit, an
vfiekz [6]

Answer:

The correct answer would be D, Sheila's parents will qualify for a Plus loan because of their low income.

Explanation:

PLUS loan stands for Parents Loan for Undergraduate Students. It is the loan given to the parents of the students who are graduating with the college. It can be a post secondary loan. This loan is given to the students who cannot afford to meet the expenses of their studies as well as of other activities like books, notes, handouts etc. This loan is given to the parents of the students who have low incomes and can't afford to finance their child's education.

8 0
3 years ago
When a banker records how many dollars each of his borrowers owes the bank, money is serving as a rev: 06_06_2018 Multiple Choic
snow_lady [41]

Answer:

The correct answer is the second option: unit of account.

Explanation:

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6 0
3 years ago
The __________ states that businesses will produce more products when they can sell them at higher prices.
jeka94
The answer that would best complete the given statement above would be option A. It is the LAW OF SUPPLY that states that businesses will produce more products when they can sell them at higher prices. On the other hand, the law of demand<span> states that buyers will want more products when prices are low. Hope this answers your question.</span>
7 0
3 years ago
Read 2 more answers
Hepner Corporation has the following stockholders' equity accounts:
OLga [1]

Answer:

$235,000

Explanation:

The computation of the goodwill amount attributed is shown below:

Common stock $1,660,000  

Preferred stock $630,000  

Non controlling interest in common stock $415,000  

Non controlling interest in preferred stock $270,000  

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Goodwill                        $235,000

5 0
3 years ago
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lesya [120]
I think the FIRST answer is North because then it goes to the MidWest.
4 0
3 years ago
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