1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Vlad [161]
3 years ago
11

Shares of Notung Cutlery Corp. closed 2010 at $75 per share. Notunghad 14.5 million shares outstanding. The assets are valued at

$1.0 billion. The firm has $390 million in liabilities. Compute Notung’s market capitalization, market value added, and market-to-book ratio.
Business
1 answer:
Kay [80]3 years ago
6 0

Answer:

If you considered that outstanding shares are equal that total shares, then: market capitalization is $1.085 billions; market value added is $477.5 millions and the market-ti-book ratio is 1.78.

Explanation:

To get these numbers we calculate as follow: market capitalization = number of shares multiply by the price per share (75$ x 14.5 million); marked value added = market capitalization - (total assets - liabilities) [1.085 Bn - (1 Bn - 390 m)] ; and market-to-book ratio = market capitalization / book value (1.085bn/610m)

You might be interested in
The _____ was developed to review workforce needs and make recommendations to the federal government to ensure that national pol
natulia [17]

Moschino Botanical Bear Women Short Sleeves Short Dress Black

Shop <u>www.moschinooutletonlinestore.com</u> 2018 Moschino Outlet Online Store, Buy Moschino Botanical Bear Women Short Sleeves Short Dress Black with Big Discount, Fast Delivery and Free Worldwide Shipping...

<u>https://www.moschinooutletonlinestore.com/moschino-botanical-bear-women-short-sleeves-short-dress-black.html </u>


3 0
3 years ago
A milestone occurring in which of these increments of time will be the farthest to the right on a timeline
Talja [164]
10 yearssssssssssssssssss
8 0
3 years ago
Read 2 more answers
Ryan Lock had planned his trip to the Olympic Games in Rio de​ Janeiro, Brazil, for many months. He had ​budgeted-saved-$15 comm
WITCHER [35]

Answer:

He should have exchanged the dollars for real in January 2016 to maximize his Brazilian spending​. The exchange rate in January will result to highest Real (BRL) of R$<em>59,463.00</em>

Explanation:

To arrive at R$ equivalent of $15,000 on monthly basis, since  BRL=1.00 USD, multiply R$ exchange rate each month by $15,000.

For January,  3.9642*15,000= R$59,463.00

     February  3.8402*15,000= $57,603.00, etc.

Solution  

S/N Month      BRL=1.00 USD          BRL Equivalent(R$)

1 January              3.9642              59,463.00

2 February            3.8402               57,603.00

3 March                 3.6086               54,129.00

4 April                    3.6851                55,276.50

5 May                     3.5843               53,764.50

6 June                    3.5493               53,239.50

7 July                      3.2331               48,496.50

8 Aug-08                3.2312               48,468.00

8 0
3 years ago
Fitzgerald Tech owns 20,000 shares of Buchanan Industries, which it purchased for $450,000 in 2016. On March 6, 2020, Fitzgerald
cupoosta [38]

Answer:

The debit to the retained earning should be $750,000 for this transaction because that is the market value of the asset to be distributed as dividend.

Explanation:

Property dividend is a form of dividend payout that involves distribution of company`s assets to equity holders as a form of return. These assets can be inventory, marketable securities or investment in a subsidiary.

For this distribution to be formal, it must be approved by the board of directors of the company. After approved and declared, the accounting entries can now be passed.

The accounting entries needed are:

Debit: Retained Earnings with the amount of the asset distributed.

Credit: Dividend Payable with the amount of the asset distributed.

It is important to note that  the market value of asset to be distributed should be considered i.e the market value of the asset must be recognized in the book. The difference in book value and market value of the investment will be recognized in respective asset ledger account prior transfer to retained earnings.So that the market value of the investment is recognized on the debit side of retained earnings

In the case of Fitzgerald, $750,000 will be debited to retained earnings since it is the market value of the asset to be distributed.

8 0
3 years ago
Jack Thomas, who live in Minnesota, and Sandy Silver, who live in Oklahoma, each purchased $92,000 worth of securities at the lo
Alenkasestr [34]

Answer:

Follows are the responses to the given points:

Explanation:

In point a:

Yeah, throughout the state court they will ever sue against fraud. As base with the that State is appropriate so because the main place of work is specific budget inventory representatives Inc.

In point b:

Thomas couldn't sue for cheating at the federal court successfully, because equality in nationality would be the only conceivable way. Because as a federal problem also isn't involved, Thomas and both are comprehensive residents of Michigan weren’t diverse for this situation. The business is a resident of all its corporate headquarters and the State of formation.

In point c:

Throughout this situation, silver can claim nationality plurality, as Oklahoma's comprehensive would not be a citizen. It simple company does company in such a state doesn't render that business a citizen. However, if silver has been damaged in terms of $75,000, this failure combined with citizenship diversity would allow it to sue extensively in a federal court. This event does not tell everyone how slowly he lost, however, the facts weren't enough to make a correct judgment.

3 0
3 years ago
Other questions:
  • From the information available, which of the following
    6·2 answers
  • Should gambling casinos advance credit to gamblers
    10·1 answer
  • Dear Mr. Dunlap: Subject: Your Request for Invoicing Process Information I am happy to let you know that I can answer your quest
    7·1 answer
  • Select the best answer for the question.
    6·1 answer
  • Jacque decides to open her own business and earns $50,000 in accounting profit for the first year. When deciding to open her own
    14·1 answer
  • Land is considered a resource because it...
    10·2 answers
  • A unit of ownership in a corporation is a
    7·1 answer
  • Store A offers an item you want for $750 with a yearly maintenance plan that will cost you $50 each year over the next five year
    6·1 answer
  • Assets for Smith Company are $30,000. Liabilities are $20,000. What is the Equity for Smith Company?
    7·1 answer
  • What part of the cover letter explains how the applicant’s qualifications meet the needs of the company?
    11·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!