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aleksley [76]
2 years ago
13

The Press has total assets of $848,000 and total debt of $402,000 on a market value basis. There are 25,000 shares of stock outs

tanding. The company has announced it is going to repurchase $40,000 worth of stock in the open market. What will be the price per share after the repurchase
Business
1 answer:
Kaylis [27]2 years ago
7 0

Answer: $17.84

Explanation:

The following can be reduced.fromcthe question:

Total Assets = $848,000

Total Debt = $402,000

Total equity = Total asset - total debt

= $848,000 - 402,000

= $446,000

Outstanding Shares = 25,000

Value per shares:

= $446,000/25,000

= $17.84

Value of shares repurchased =$40,000

Number of shares repurchased:

= $40,000/17.84

= 2,242.15

= 2242 approximately

Number of shares outstanding:

= 25,000 - 2,242

= 22,758

Value of shares outstanding:

= $446,000 - 40,000

= $406,000

Price of Shares = Value of shares/number of shares

= $406,000 / 22,758

= $17.84

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Answer:

A.

Explanation:

Based on the information provided within the question it can be said that the most likely result would be the collapse of local fisheries, because of the damage to coral reefs from ocean acidification . This is mainly because the coral reefs provide habitat for a vast majority of the fish, and the same carbon dioxide that is causing global warming is also causing ocean acidification. Which in term is destroying the coral reefs, and therefore the habitats of all these fishes who will die without them.

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2 years ago
MARS Chocolate Company is making an estimate of the amount of candy it expects to sell during the Christmas season based on a sp
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A

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2 years ago
A corporation can earn 7.5% if it invests in municipal bonds. The corporation can also earn 8.30% (before-tax) by investing in p
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Answer:

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Explanation:

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As we know that

Municipal bond return = preferred stock return before tax  × [1 - (1 - dividend exclusion) × Break even corporate tax]

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