Answer:
The company's expected market price per share After the repurchase would $23.68
Explanation:
In order to calculate the company's expected market price per share After the repurchase we would have to calculate first the Price-to-earnings ratio ( P/E ratio ) as follows:
Price-to-earnings ratio ( P/E ratio )= Market price per share / Earnings per share
Earnings per share = Earnings/ number of shares outstanding =$ 5,700,000 / $790,000 = $ 7.21
Therefore, Price -to-earnings ratio = $ 21 / $ 7.21 = 2.91
If 90,000 shares are repurchased, Therefore Earnings per share =$ 5,700,000 / $700,000 = $ 8.14
Therefore, the company's expected market price per share After the repurchase=$ 8.14 x 2.91 = $23.68
Answer:
$8,120
Explanation:
<em>To calculate the proceeds, the gross proceed less the discount charged by the bank. The gross proceed is the total amount that would have been received should the note is held to maturity.</em>
Gross proceed= P + (P×R×T)
P- 8,000 R- 6%, T- 10/12
Gross proceed = (8,000 + 8,000× 6%× 10/12)
= $8,400
Discount charges = Gross proceed × discount rate × time to maturity
Time to maturity = 10 - 5 = 5 months
Discount rate - 8%, Time- 5/12
Discount charges = 8400× 5/12× 8% = $280
Proceeds to be received = $8,400 - $280
= $8,120
Answer:
Tzs 540
Explanation:
The selling of Tzs 475 results in a 5% loss.
It means Tzs 475 represents 95% of the cost price.
The cost price is equal to 100%.
If 95% = Tzs 475, 100 % = ?
=Tzs475/95 x 100
=Tzs 5 x 100
The cost price =Tzs500
To make 8% profits, the selling price will have to be
=Tzs 500 +( 8/100 x 500)
=Tzs 500 +( 0.08 x 500)
=Tzs =500 + 40
=Tzs 540
Answer:
Individual income taxes.
Explanation:
This has been the largest single source of federal revenue since 1950.
