Answer: The number of shares outstanding is approximately 170702.32 shares.
We have :
EPS $0.43
Net Income $73,402
The formula for computing EPS is

Substituting the values from the question in the formula above we get,


Answer:
The market believes that 2-year securities will be yielding 4 years from now is 8.51%
Explanation:
The pure expectations theory tries to predict what short-term interest rates will be in the future based on current long-term interest rates.
Given data;
Interest rate on 4-year treasury security = 7%
Interest rate on 6-year treasury security = 7.5%
The pure expectation theory explains that the 6-year rate is the geometric average of the 4-year rate and the 2-year rate 4 years from now.
The 2-year rate in 4 years is represented by r
We solve;
(1 + 7.5%)⁶ = (1 + 7%)⁴ × (1 + r)²
(1 + 0.075)⁶ = (1. 0.07)⁴ × (1 + r)²
1.543301526 = 1.31079601 × (1 + r)²
1 + r = 1.08507020
r = 1.08507020 - 1
r = 0.08507020
r = 8.51%
Therefore, the market believes that 2-year securities will be yielding 4 years from now is 8.51%.
It's the <span>prisoner's dilemma.</span>
Hope this satisfies your query! Have a good one :)
Answer:
The answer is d. 3911
Explanation:
First, we obtain the contribution margin, wih the formula Selling price per unit minus variable expense per unit. So, the contribution margin per unit is
.
Next, knowing how much each unit contributes to cover the fixed costs, we can calculate how many units do we need to pay the fixed expenses. This is called "break even point" or BEP. The formula is Fixed Expenses / Contribution margin per unit. So, the BEP is
.
With those two things, the final task is to calculate how many units we need, covered the fixed expenses, to achieve the company target profit. The formula is Target profit / Contribution margin per unit. So, the number of units is
.
Finally, we add these two number, to obtain the total units needed to cover the fixed costs and achieve the target profit: 
Answer:
$258077.04
Explanation:
The cost of the house is $350,000
Apply compound interest formula
A=P(1+r/n)^nt
where
A=amount of loan after the period has elapse=?
P=principal deposit amount=$50,000
r=rate of interest in decimal form=0.07%
t=time taken for the loan to mature
n=1
A=$50,000(1+0.07)^9
A=$50,000*(1.07)^9
A=$91922.96
Remaining balance =$350000-$91922.96=$258077.04