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
laila [671]
3 years ago
12

The 2016 annual report for Mega Mills disclosed that 1 billion shares of common stock have been authorized. At the end of 2015,

760 million shares had been issued and the number of shares in treasury stock was 101 million. During 2016, the only common share transactions were that 18 million common shares were reissued from treasury and 24 million common shares were purchased and held as treasury stock.Required: Determine the number of common shares a. Issued b. In treasuryc. Outstanding at the end of 2016.
Business
1 answer:
daser333 [38]3 years ago
3 0

Answer:

a. 760 million shares

b. 107 million shares

c. 653 million shares

Explanation:

a. The number of Issued stock is unchanged because Issued stock encompasses both outstanding and treasury stock.

b. Treasury Stock = Beginning balance - Reissued from treasury + repurchased for treasury

= 101 - 18 + 24

= 107 million shares

c. Outstanding stock = Issued Stock - Treasury Stock

= 760 - 107

= 653 million shares

You might be interested in
Globalization can create more opportunities for marketers but along with that comes more pressure because they must take into ac
blondinia [14]

Globalization can create more opportunities for marketers but along with that comes more pressure because they must take into account T<u>hey will standardize them whenever possible.</u>

<h3>What is Globalization?</h3>

The contact and integration of people, businesses, and governments around the globe is known as globalization (Commonwealth English; see spelling variations). Since the 18th century, globalization has accelerated due to advancements in communications and transportation technologies. The expansion of international trade and the sharing of ideas, beliefs, and cultures are both results of the increase in global relationships. The main function of globalization is an economic process of connection and integration that has social and cultural components. However, the history of globalization and contemporary globalization both include significant amounts of disagreements and international diplomacy.

Globalization affects the economy in terms of commodities, services, information, technology, and financial resources. The opening up of international marketplaces has a liberating effect on trade in products and money.

To learn more bout Globalization from the given link:\

brainly.com/question/17863739

#SPJ4

8 0
2 years ago
Consider a U.S. importer desiring to purchase merchandise from a Dutch exporter invoiced in euros, at a cost of €512,100. The U.
Anestetic [448]

Answer:

The importer accepts this price, so his bank will debit the importer's account in the amount of $500,000.

A. debit, $500,000

Explanation:

Bank debit is a bookkeeping term for realization of the reduction of deposits held by bank customers. A bank debit occurs when a bank customer uses the funds in their account, therefore reducing their account balance.

Euros 512100  

   

dólar 1 1,0242 euros

         x 512100  euros

   

x= 500.000  

7 0
3 years ago
A companys profit motive beneits consumers by ensuring the products and services they need are availabe at a high quality. What
kherson [118]

Company objective , for more help text me on +16315364792

5 0
3 years ago
A first saving account pays 5% compounded annually. A second saving account pays 5% compounded continuously. Which of the two in
Marysya12 [62]
The account that’s compounded continuously is the better investment long-term because you accrue interest on top of interest on a daily basis which grows exponentially.
3 0
3 years ago
Tony’s Market recorded the following events involving a recent purchase of inventory: Received goods for $80,000, terms 2/10, n/
kap26 [50]

Answer:

Correct option is D

Answer is increased by $ 77232

Explanation:

Effect on Inventory:    

Increase due to purchase $80000  

Decrease due to return   -$1600  

Increase for freight paid  $400  

Decrease for discouont availed -$1568 (78400*2%)

<u>Net Increase in Inventor =$77,232</u>

4 0
3 years ago
Other questions:
  • In expectancy theory, valence refers to the:
    8·1 answer
  • Conducting research about an occupation, company, or job can increase your employability.
    10·1 answer
  • The existence of banks:____________.
    11·1 answer
  • What if the meaning of the cumulative EAC (cell M105) at the conclusion of Period 6?
    8·1 answer
  • The desire for which item(s) would be considered a noneconomic want?
    14·1 answer
  • Because services are inseparable, they cannot be tried before they are purchased. To counteract this, a service firm might:
    14·1 answer
  • Concord Sports sells volleyball kits that it purchases from a sports equipment distributor. The following static budget based on
    14·1 answer
  • The demand curve of a monopolistically competitive producer is Multiple Choice less elastic than that of either a pure monopolis
    9·1 answer
  • Charging a license fee for access to a fishery will ... a)              result in no change in total harvest levels. b)         
    12·1 answer
  • Stephanie has been segmenting the market to help her grow her catering business. She is now at final stage in the segmentation p
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!