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Andreyy89
3 years ago
13

The charter of Vista West Corporation specifies that it is authorized to issue 300,000 shares of common stock. Since the company

was incorporated, it has sold a total of 160,000 shares (at $16 per share) to the public. It has bought back a total of 25,000. The par value of the stock is $3. When the stock was bought back from the public, the market price was $40. Required: 1. Determine the authorized shares. 2. Determine the issued shares. 3. Determine the outstanding shares.
Business
1 answer:
Romashka-Z-Leto [24]3 years ago
6 0

Answer:

1. Authorized shares = 300,000 shares

2. Issued shares = 160,000 shares

3. Outstanding shares

= Issued shares- Shares repurchased

= 160,000 - 25,000

= 135,000 shares

Explanation:

Authorized shares are shares that a firm is allowed by law to issue to the            public.

Issued shares are shares that a company offers to the public for subscription.

Outstanding shares are shares remaining after the share repurchase.

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Consider four types of markets: monopoly, perfect competition, oligopoly, and monopolistic competition. If they were ranked from
artcher [175]

Answer:

Monopoly

Oligopoly

monopolistic competition

Perfect competition

Explanation:

A perfect competition is characterized by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.    

A monopolistic competition is when there are many firms selling differentiated products in an industry. A monopolistic competition has characteristics of both a monopoly and a perfect competition. the demand curve is downward sloping. it sets the price for its goods and services.

examples of monopolistic competition are restaurants  

A monopoly is when there is only one firm operating in an industry. there is usually high barriers to entry of firms. the demand curve is downward sloping. it sets the price for its goods and services.

An example of a monopoly is an utility company

An oligopoly is when there are few large firms operating in an industry. there is high barriers to entry and exit of firms

5 0
3 years ago
The following events took place for Rushmore Biking Inc. during February, the first month of operations as a producer of road bi
Ainat [17]

Answer:

<u>Income statement for Rushmore Biking Inc. for the month ending February 28.</u>

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Less Cost of Sales              ($550,000)

Gross Profit                          $360,000

Less Expenses

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Administrative Expenses     ($90,000)

Net Income / (loss)                 $85,000

Explanation:

Perpetual inventory methods<em> keeps the record of inventory cost after every sale.</em>

Thus we were already given the costs associated with the sale of bikes (cost of sales) and there was thus no need to got the longer router of determining this amount using the manufacturing cost schedule.

5 0
4 years ago
What quality does an organizational structure reflect? the demographics of the organization how large an organization is the gro
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Explanation:

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4 0
3 years ago
Andretti Company has a single product called a Dak. The company normally produces and sells 87,000 Daks each year at a selling p
Talja [164]
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3 years ago
A customer with a long option position sells an option in the same series. This is referred to as a:(A)Opening sale(B)Opening pu
Lelechka [254]

Answer:

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It is good to also note that a position can be open and close within a very short period.

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