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Norma-Jean [14]
3 years ago
10

Luther is a successful logistical services firm that currently has $5 billion in cash. Luther has decided to use this cash to re

purchase shares from its investors, and has already announced the stock repurchase plan. Currently Luther is an all equity firm with 1.25 billion shares outstanding. Luther's shares are currently trading at $20 per share.The market value of Luther's non-cash assets is closest to:
Business
1 answer:
Step2247 [10]3 years ago
7 0

The non-cash assets of Luther is closest to a market value of $20 billion.

  • Based on the accounting equation that <em>Assets = Liabilities + Equit</em>y, the non-cash assets can also be determined as follows:

  • Non-cash Assets + Cash = Liabilities + Equity (market value)

  • Non-cash assets = 0 + $25 billion - $5 billion

  • Non-cash assets = $20 billion.

Data and Calculations:

Available cash = $5 billion

Number of equity shares = 1.25 billion

Current market price per share = $20

Market value of Equity = $25 (1.25 billion x $20)

  • Non-cash assets = $20 ($25 - $5) billion

Thus, Luther's non-cash assets has a market value of $20 billion.

Learn more about market value of assets at brainly.com/question/17924671

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Perfectly inelastic supply states that supply is completely fixed. Therefore it is not affected by the change in price level.

<u><em>Therefore, the correct option in this case is (e)</em></u>

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This Government Representative is appointed by the Contracting Officer to serve as a technical liaison between the Government an
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Answer:

Contracting Officer Representative

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3 years ago
Tech A says that packing a wheel bearing assembly can be done by hand with proper results. Tech B says that packing a wheel bear
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Tech A says that packing a wheel bearing assembly can be done by hand with proper results. Tech B says that packing a wheel bearing assembly with a bearing packer will get the proper results. The two statements are right. This is further explained below.

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In conclusion, The one-piece hub assembly is located between the drive axle and the brake disc.

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2 years ago
Wreckorp wants to maintain an exclusivity image for its product line of sports equipment. It limits its distribution to 100 stor
lara31 [8.8K]

Based on the fact that Wreckorp wants to maintain an exclusivity image and limits its distribution to 100 stores in each region, it is Impossible to determine legality based on the information provided.

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The actions of Wreckorp may be legal if no region is being disadvantaged but it could be illegal if this is the case. More information is therefore needed.

Options for this question are:

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6 0
1 year ago
Consider a bond that costs $1,000 and pays an $80 interest payment each year.
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Answer:

The interest rate for this bond is 8% per annum.

Explanation:

Given that,

a bond that costs $1,000 and pays an $80 interest each year.

To find the rate of interest, we use the following formula is

I=Prt

Here P = principal= $1,000

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The yield for this bond is 8% per annum.

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