Answer:
23.16%
Explanation:
net amount of money received by Wliey Oakley = 7,750,000 stocks x $21.39 per stock = $165,772,500
total flotation costs including direct and indirect costs = [($26.30 - $21.39) x 7,500,000] + $1,350,000 + $210,000 = $38,385,000
flotation costs as a percentage of funds raised = $38,385,000 / $165,772,500 = 0.2316 = 23.16%
Answer:
$50,000
Explanation:
Total Assets at beginning $450,000
Total Assets at end $550,000
Total Assets $1,000,000
Average Total Assets=Total Assets/2=$1,000,000/2=$500,000
Return on assets=Net Income/Average Total Assets
10%=Net Income/$500,000
Net Income=$500,000*10%
Net Income=$50,000
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Answer:
The market value of capital would be 11.15 million
Explanation:
Book value of an asset is the value at which the asset and liabilities are currently reflecting in the balance sheet of a firm. The market value is the value at which these assets and liabilities are currently valued as per present market rates. For example : Land value normally appreciates over time and eventhough it is purchased at say $100.000/-, its present value market valuation rate could be $300,000/-. This is the difference between a book value and market value.
In this case, on sale of current assets, a profit of 13 million would be made. Out of this, 9.5 million current liability is paid. Remaining is 3.5 million. Cash received after paying current liabilities is 7.65 million. Hence adding 3.5million+7.65million = 11.15million is the market value of capital which was originally 8.5 million.
Book Value Market Value Difference
Capital 8.5 11.15
Current Liability 9.5 9.5
Current Asset 22 35 13
Paid for CL 9.5
Remaining value 3.5
Cash Recd 7.65
Mkt value of capital 11.15
(3.5+7.65)
Answer:
Variable cost= $73.50
Explanation:
The high low method is used to get the fixed and variable cost of a business activity given limited data. It involves taking the highest and lowest points, then comparing the total cost at these points.
We use the following formula
Variable cost= (Highest activity cost - Lowest activity cost)/ (Highest activity unit - Lowest activity unit)
Variable cost= (207,250- 97,000)/ (5,900-4,400)
Variable cost= 110,250/ 1,500
Variable cost= $73.50
