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
skelet666 [1.2K]
3 years ago
9

Assume that you have recently purchased 100 shares in an investment company. Upon examining the balance sheet, you note that the

firm is reporting $225 million in assets, $30 million in liabilities, and 10 million shares outstanding. What is the net asset value (NAV) of these shares?
a. $25.50
b.$22.50
c. $19.50
d.$1.95
Business
1 answer:
mina [271]3 years ago
6 0

Answer:

net asset value = $19.5

correct option is c. $19.50

Explanation:

given data

shares = 100

total assets = $225 million

liabilities = $30 million

shares outstanding = 10 million

to find out

net asset value of these shares

solution

we will apply formula for Net assets value of company that is

Net assets value of company =Total assets - liabilities

Net assets value of company =$225 million - $30 million

Net assets value of company = $195 million

so net asset value is

net asset value = \frac{net assets}{share outstanding}

net asset value = \frac{195}{10}

net asset value = $19.5

so correct option is c. $19.50

You might be interested in
Michael corporation manufactures railroad​ cars, which is its only product. the standards for the railroad cars are as​ follows:
adoni [48]

Answer:

$56,000 Adverse

Explanation:

direct materials quantity variance = Aq × Sp - Sq ×Sp

                                                       = (6,500×$16) - ((1,500×2)×$16)

                                                       =  $104,000 - $48,000

                                                       = $56,000 Adverse

More materials were used during the month than was expected thus adverse.

3 0
3 years ago
these students have an increase in sadness and depression question 7 options: a) elementary school b) middle school c) high scho
stealth61 [152]
 C) High school

Depression and sadness generally begin at the age of 12, which is directly in the middle of middle school (about 7th grade), but is much more common in 13-17 year olds. I would say high school is a better answer to this question. 

Hope I'm able to help!
6 0
3 years ago
Suppose that in the second year her average total cost per dog is $35 and that $20 of that is associated with the variable cost.
jok3333 [9.3K]

Answer:

She should stay open, because the revenue of from dog grooming ($30 per dog), is still high enough to cover her variable cost of $20 per dog, even though she is operating at a loss.

Explanation:

Profit = Revenue - Total costs

Total costs = Fixed costs + variable costs

Profit = $30 - $35 = -$5 per dog

This shows she is operating at a loss of $5 per dog.

If a company does not make enough revenue to cover its total costs, then it is operating at a loss.

However such a company must consider its variable cost before deciding whether to shut down.

A company should only shut down if it is unable to make enough revenue to cover its variable cost.

If a company is operating at a loss but can at least cover its variable cost, then it should stay open at least in the short run.

6 0
3 years ago
To encourage employee ownership of the company's common shares, KL Corp. permits any of its employees to buy shares directly fro
Norma-Jean [14]

Answer:

$22,500

Explanation:

KL Corp

Cash ($15×$10,000 85%) $127,500

Compensation expenses ($15×$10,000×15%) $22,500

Common stock ($15×$10,000) $150,000

Therefore KL will record compensation expense associated with the May purchases of $22,500

3 0
3 years ago
You are the manager of a marketing company. The company recently hired a new writer who suggested the company order noise-reduct
PSYCHO15rus [73]

Answer:

<u>A</u>

<u>Explanation</u>:

Remember, a marketing manager has <em>limited</em> functions. The best things to include in the report is the pros, cons and cost of the noise reduction headphones.

The pros should highlight how it increases the writers customers service delivery which goes a long way to increase the marketing success of the firm.

Also, the cost as it pertains to the overall marketing cost the company should be mentioned, while also including the cons if any.

7 0
2 years ago
Other questions:
  • Select the items below that describe why scarcity exists.
    8·2 answers
  • If a housing boom occurs in the United States the demand for carpenters will likely ?
    12·1 answer
  • ​Vasco's utility function​ is: Upper U equals 10 Upper X squared Upper ZU = 10X2Z The price of X is px​ = ​$55​, the price of Z
    11·1 answer
  • Differences between the static budget and the flexible budget are due to _____. Group of answer choices a combination of price a
    7·1 answer
  • Please help me !!! It’s very important
    10·2 answers
  • The explosion of government regulation in the United States has witnessed an accompanying social phenomenon of great importance
    11·1 answer
  • How do long-term goals differ from short-term goals?
    13·1 answer
  • 3. You work for a small store called Home Grown Goods that sells organic snack foods and
    12·1 answer
  • The board of directors is charged with protecting the rights of
    9·1 answer
  • The Coca-Cola Company uses a job-order costing system. True or False: Job-order costing uses the actual direct materials cost of
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!