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Vilka [71]
3 years ago
11

The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume that 60,000 shares were origina

lly issued and 5,000 were subsequently reacquired. What is the number of shares outstanding?
Business
1 answer:
ruslelena [56]3 years ago
3 0

Answer:

55,000 shares

Explanation:

Given that

60000 shares were originally given

5000 were subsequently reacquired

Thus. Net number of shares issued

= number of shares originally issued - number subsequently reacquired

= 60000 - 5000

= 55,000

Number of outstanding shares therefore is 55,000.

NOTE that, outstanding shares refer to the number of shares that has been issued, purchase or authorized by investors, that is, the number of shares currently held by all is shareholders.

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Rebecca Siddoway own and operate Country Candies. Siddoway specializes in making rich, creamy toffees that she packages in attra
Black_prince [1.1K]

The advantage to Siddoway if she decides to incorporate her business is Corporations have an enhanced ability to attract financing.

A Corporations is an organization (usually a group of people or a legal entity) authorized by the State to act as a single entity and legally recognized as such for a specific purpose. Early incorporated entities were established by charter. Most jurisdictions now permit the formation of new companies by registration.

The company is managed and supervised by its directors and officers. Directors are appointed by shareholders and are responsible for the overall management and corporate governance of the company. The directors appoint officers who are responsible for the day-to-day management and operations of the company.

A Corporations company consists of shareholders, a board of directors and officers. When incorporating a company, owners and managers must be organized and given responsibilities and rights according to the rules laid down in the state corporate law.

Learn more about Corporations brainly.com/question/13551671

#SPJ1

7 0
1 year ago
Which supply chain process focuses on the transformation of inputs into outputs?.
Fittoniya [83]

Answer:

Production

Explanation:

Production turns inputs such as raw materials, human resources into outputs.

8 0
2 years ago
Mark Company’s balance sheet reported total assets of $754,000, which include: cash, $48,000; accounts receivable, $130,000; lan
muminat

Answer:

d) 1.32

Explanation:

The quick ratio uses only the most liquid current assets.

quick \: ratio = \frac{cash \:and \:cash \:equivalent}{current \:liabilities}

cash 48,000

AR 130,000

Short Term receivable 150,000

<em>Total 328,000</em>

<em><u>Important:</u></em> Sometimes it is enought by subtracting inventory from current assets

Current liabilities

account payable 230,000

short-term notes payable 10,000

unearned revenue 8,000

<em>Total 248,000</em>

<em>Quick Ratio</em>

\frac{328,000}{248,000} = 1.322580645 = 1.32

3 0
3 years ago
On January 1 of the current reporting year, Coda Company's projected benefit obligation was $29.4 million. During the year, pens
Sav [38]

Answer:

The amount of the projected benefit obligation at December 31 was  $ 38.34 million

Explanation:

According to the given data, we have the following:

Beginning PBO= $29.4 million

Service cost= $9.4 million

The actuary's discount rate was 10%, hence Interest cost (10% x $29.4 million)= $2.94 million

Also, there is a Loss (gain) on PBO=$0 , and pension benefits paid by the trustee were $3.4 million.

Therefore, to calculate the amount of the projected benefit obligation at December 31 we would have to use the following formula:

Ending PBO=Beginning PBO+Service cost+Interest cost-pension benefits

                   =$29.4 million+$9.4 million+$2.94-$3.4 million

                   =$38.34 million

4 0
3 years ago
Jeremy was interested in science and math in school. In college, Jeremy studied to become an ecologist who studies the effect of
Amanda [17]

Answer:

The ways Jeremy can use math and science in his career are:

  • Perform scientific research.
  • In the evaluations and analyzes, he makes of his data collection.

Explanation:

Ecology is the branch of science that studies the interrelationships between organisms and their environment; ecology is an extensive branch by which ecologists can work in the field or laboratories.

Ecologists aim to study the diversity of the ecosystem and study how to make less impact on the environment.

In the case of Jeremy, who was interested in mathematics and science at school, now, being an environmentalist, he would use this knowledge in his scientific research when collecting data from his research. And how to calculate the effect of fertilizer on wildlife this through the analysis and evaluation of its collected data.

I hope this information can help you.

5 0
3 years ago
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