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Aneli [31]
3 years ago
11

Bo's Home Manufacturing has 410,000 shares outstanding that sell for $46.86 per share. The company has announced that it will re

purchase $61,000 of its stock. What will the share price be after the repurchase?
Business
1 answer:
alukav5142 [94]3 years ago
4 0

Answer:

The correct answer is $46.86.

Explanation:

According to the scenario, the computation of the given data area as follows:

Shares outstanding = 410,000

Value per share = $46.86

So, total value of outstanding shares = 410,000 × $46.86 = $19,212,600

Repurchase share value = $61,000

So, Number of shares repurchased = $61,000 ÷ $46.86 = 1301.7 shares

So, outstanding shares = 410,000 - 1301.7 = 408,698.3 shares

So, Share price after repurchase = ($19,212,600 - $61,000) ÷ 408,698.3 shares

= $46.86

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Explanation:

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Lomani Ltd acquired two new machines for cash on 1 January 2017. The cost of machine A was $400 000, plus GST, and of machine B,
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You wish to make a deposit and have these bills: 11 ones, 4 fives, 4 tens, and 4 twenties. You also have 6 nickels, 12 dimes, an
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Answer:

$264.00

Explanation:

Calculation to determine What will you enter on the NET DEPOSIT line

First step is to calculate the Total deposit checks

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Total deposit checks= $137.75

Second step is to add up the amount she has in the account.

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4 fives = $20

4 tens = $40

4 twenties = $80

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Now let calculate What will you enter on the NET DEPOSIT line

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