Answer:
1. Equity reduces to $372,300
2. 11,517 shares
3. $32.33
Explanation:
1. Effect on Equity
The company will use $15,600 cash to buy the equivalent amount of shares.
Cash Balance will reduce by;
= 52,900 - 15,600
= $37,300
Equity will reduce by the amount of stock repurchased;
= 387,900 - 15,600
= $372,300
2. Shares Outstanding
Current Stock Price = 
= 387,900/12,000
= $32.33
Number of shares repurchased = 15,600/32.33
= 483 shares
New Shares Outstanding = 12,000 shares - 483 shares
= 11,517 shares
3. Price per share after repurchase
= 
= 372,300 / 11,517
= $32.33
4. Dividends declared reduces the equity value.
= 32.33 - 1.30
= $31.03
The share repurchase is the same as the cash dividend because the stock price after the repurchase is the same as the stock price if dividends are declared less the cash dividends.
Answer:
Linear function. It is actually a negative linear graph. for the products prices increases, there was a noticeable decrease in demand
slope y=-225/8x+19275/8
y=1987.5
y=1903.125
Explanation:
A consumer products company has collected some data relating monthly demand to the price of one of its products: 4. Price Demand $111100 2,100 $13 2,020 1,980 1,875 $19 What type of model would best represent these data?
Linear function. It is actually a negative linear graph. for the products prices increases, there was a noticeable decrease in demand
slope is
m=y2-y1/(x2-x1)
PICKING TWO POINTS
(11,2100) and (19,1875)
m=1875-2100/(19-11)
m=-225/8
as the slope
(11,2100). y=mx+b or
2100=-225/8 × 11+b,
solving for b: b=2100-(-225/8)(11).
b=19275/8.
(19,1875). y=mx+b or 1875=-225/8 × 19+b, or solving for b: b=1875-(-225/8)(19).
b=19275/8. is the intercept
y=mx+c is the equation of line graph
y=-225/8x+19275/8
when x=15
y=1987.5
when x=18, y=
-225/8(18)+19275/8
y=1903.125
Cage company had income of $350 million and average invested assets of $2,000 million. its return on assets (roa) is
The formula of return on assets is net income divided by average assets.
Given that the net income is $350 million, average asset is $2000
The answer is 0.0005
Answer:
A
Automatic stabilizers
Explanation:
These are necessary adjustments that are dependent on the state of the economy at particular times. An expanding economy is an economy in growth, there is a general feeling of stability and there is the mobility of funds around. Due to the presence and indication of growth, there is an increase in the amount of profits or gains made by the economy in general. Hence, government can decide to task more through tax.
However, in periods when there are indicators of an ailing economy, there should be a downward review of tax and the economy is weak at this state. Using the old taxing scheme during the good economy for now would result in an outcome that might further hurt business owners and push the economy more downwards.
Automatic stabilizers are just the mechanism through which the taxation at different times is adjusted
Answer:
Explanation:
Number of completed barrels = 216 + (244-216)*60%
= 233 barrels
Cost per barrel = (3245+3230)/233 = 27.8
Cost of oil shipped in pipeline = 216 * 27.8= 6003 millions
Cost of work in process ending inventory = (244-216)*60% * 27.8
= 467.04 million
