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3 years ago

Reporting Stockholders' Equity

Business

1 answer:

Mrac [35]3 years ago

5 0

Answer:

Kindly check attached picture

Explanation:

Given the following :

Common Stock, $120 par - $48,000,000

Paid-In Capital from Sale of Treasury Stock - 4,500,000

Paid-In Capital in Excess of Par—Common Stock - 6,400,000

Retained Earnings - 63,680,000

Treasury Stock - 5,200,000

Kindly see attached picture for detailed explanation

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Which account has the lowest minimum balance requirement? Bank Account Terms and Conditions Account A Account B Account C Accoun

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Answer:

Explanation:

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3 years ago

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You have a $15,000 portfolio which is invested in Stocks A and B, and a risk-free asset. $6,000 is invested in Stock A. Stock A

DerKrebs [107]

Answer:

$7073.68

Explanation:

Data provided in the question:

Worth of portfolio = $15,000

Amount invested in stock A = $6,000

Beta of stock A = 1.63

Beta of stock B = 0.95

Beta of portfolio = 1.10

Now,

Beta portfolio = ∑(Weight × Beta)

let the amount invested in Stock B be 'x'

thus,

1.10 = [($6,000 ÷ $15,000 ) × 1.63] + [( x ÷ $15,000 ) × 0.95 ]

1.10 = 0.652 + [( x ÷ $15,000 ) × 0.95 ]

0.448 = [( x ÷ $15,000 ) × 0.95 ]

x = ( 0.448 × $15,000 ) ÷ 0.95

x = $7073.68

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3 years ago

By going public, netflix encountered competition from the large, established firms wal-mart and blockbuster. What aspect of netf

jek_recluse [69]

The aspect of Netflix going public that lured the firms to the market would be that By going public, Netflix was required to disclose its financial position.

<h3>What does it mean to go public?</h3>

When it is said that a company has gone public, what this would mean is that the company has been able to undertake the initial public offering that it has and it has sold its shares to the public so that it can raise more capital.

Hence we cans ay that the aspect of Netflix going public that lured the firms to the market would be that By going public, Netflix was required to disclose its financial position.

Read more on going public here: brainly.com/question/4888786

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2 years ago

A software company in China has decided to become a multinational enterprise (MNE). The company desires to completely own its su

ipn [44]

Answer:

Acquisition

Explanation:

Acquisition mode of entry is a type of foreign market entry mode that offers fast, large and international expansion into a new market. This is done by a firm gaining control of another firm through the purchase of stocks or exchange of stocks. This type of strategy is usually used by multinational companies to acquire greater market power. A disadvantage of this type of entry is the high cost and integration is difficult due to different organization cultures and relationships..

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3 years ago

E3-27 (book/static) The Home Style Eats has two restaurants that are open 24 hours a day. Fixed costs for the two restaurants to

vazorg [7]

Answer:

Explanation:

Contribution Margin=Sales - variable cost =$8.75-$3.50=$5.25

Contribution Margin Ratio = Contribution Margin / Sales = $5.25/ $8.75=60%

Pre-Tax Net Income=Net Income/(1-tax rate)

$117,600/(1-0.36)=$183,750

Target Revenue =Fixed cost +Target Pre-Tax net Income/Contribution margin Ratio =($430,500+$183,750)/0.6=$1,023,750

2. Number of customers needed to Break Even

Fixed costs/Contribution margin per unit=$430,500/$5.25=82,000 Customers

Number of customers to earn 117,600 = (Fixed costs + 117,600)/5.25 = (430,500+117,600)/5.25 = 104,400

Sales (170,000*8.75) 1,487,500

Less: Cost of goods sold (170,000*3.50) -595,000

Contribution margin 892,500

Less: fixed costs -430,500

Net Income before tax 462,000

Less: tax rate (462,000*36%) - 166,320

Net Income after tax 295,680

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3 years ago