Answer:
$0.875
Explanation:
The computation of the stock price that changes upon the announcement is shown below:
As it given that
The corporate tax is 35%
So there is an effective disadvantage i.e. retention
Also, the stock price would be decline by 35% of cash
i.e.
= 35% × $250 million ÷ 100 million outstanding
= $0.875
Hence, the stock price is $0.875
Answer:
The firm will not sell any bundle, the amount of bundle to be sold will be zero.
Explanation
Solution
Since firm sells at $25 each for coats and pants, then If consumer wants to purchase both Pant and Coat, the customer will have to pay 25 + 25 = $50.
Also, If consumer purchase Pant and Coat as a Bundle then, he will pay 150. From the question stated we can conclude that their is a form of interest to pay for Pant and Coat for Both consumers are higher than 25.
However, they will have to pay an amount less for 1 coat and 1 pant if they buy this in a separate way instead of a Bundle.
We can say, that type of consumers (both) will not buy the pants and coat as a bundle, but will want to buy them separately.
Therefore, any bundle will not be sold by firm. the amount of Bundle sold will be known as a zero Bundle
The amount of cash overage in the petty cash book as against the opening balance will be $0.85.
<h3>What is petty cash book?</h3>
A book, which has the chronological and systematic records of all the small and petty expenses and receipts of an organization, is known as a petty cash book.
The balance in petty cash book can be ascertained by the following method,
Hence, the petty cash book has an overage of $0.85 for the month of September.
Learn more about petty cash book here:
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Answer:
$23,400
Explanation:
Amortization expense = Cost of the patent/ useful life
$23,400 / 10 = $23,400
The amortization expense each year is $23,400.
I hope my answer helps you