<span>This is a novation. In this case, Mandy is being replaced in her obligation with Carla Sue. The obligations that were present in the first contract will now all transfer to Carla Sue. The difference between a novation and an assignment is that all parties have to be aware of the transfer and have agreed to it beforehand.</span>
Answer:
new earnings per share is $1.53
Explanation:
Given data
excess cash = $300
Equity is worth = $5,000
other assets = $6,200
stock outstanding = 500 shares
net income = $720
to find out
new earnings per share
solution
we know that equity per value is Equity / stock outstanding
that is
equity per value = (5000 / 500) = 10
equity per value = $10
and
we can purchase equity with excess cash $300 that is
= excess cash / equity per value
purchase equity with excess cash = (300 / 10) = 30
purchase equity with excess cash = 30 shares
so
after repurchase we have balance share is = (500 - 30) = 470
balance share = 470 shares
so that
new earnings per share will be = net income / balance share
new earnings per share = (720 / 470) = 1.53
new earnings per share is $1.53
The right answer is none of the above, its Bonds payable.
Answer:
B) False
Explanation:
In a command economy, the government makes the fundamental economic choices such as what to produce and how to produce output.
The government also owns means of production.
I hope my answer helps you
