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Anika [276]
2 years ago
10

On January 1, 2019, Fitbit goes public and issues 50 million shares at $20 per share. Fitbit had 200 million shares prior to goi

ng public and the book value of the common stock & additional paid in capital was $500 million. On January 1, 2020, Fitbit shares are trading at $45 per share and, for the first time ever, Fitbit buys back 20 million shares. What is the January 1, 2020 balance of common stock & APIC?
Business
1 answer:
Elina [12.6K]2 years ago
6 0

Answer:

$600 million

Explanation:

On January 1, 2020, the balance of common stock & APIC

Common stock & APIC = Paid-In Capital + Share Capital raised by issuing 50 million shares at $20 per share - Treasury Stock

Here

Paid-In Capital is $500 millions

Issue of 50 million shares at $20

Treasury Stock is 20 million shares at $45 per share

By putting the values, we have:

Common stock & APIC = $500 million + $1000 million - (20 million shares * $45 per share)

Common stock & APIC = $1500 millions - $900 million = $600 million

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Describe the tree resin found only in the Dominican Republic that is traditionally made into jewelry. Describe the natural gemst
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Answer:

larimar

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In the Dominican republic, Larimar is the most famous gemstone. This stone is found in the sea shores of the area. The stone has varying colors. At most instances, the stone has colors that vary from white to light blue, green deep blue, and deep blue.

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2 years ago
Margie received her store order on 12 3 16 at 4:00 a.M. She just opened one of the fountain bibs today 12 7 16 at 12:00 p.M. The
Kruka [31]

Answer and Explanation:

The correct way for putting this on expiration paper is as follows

Expiration date: 1/17/2017

Exp time: 4:00 AM

Preparation date: 12/3/2016

Preparation time: 4:00 AM

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Therefore we applied the given information to arrive at an answer

6 0
3 years ago
If bagels and doughnuts are substitute goods, then which scenario is likely to occur if the price of bagels is reduced?
katen-ka-za [31]

Answer: If the price of bagels is reduced "a.The demand curve for doughnuts will shift to the left."

Explanation: Being substitute goods The decrease in the price of bagels causes consumers to prefer to consume bagets before donating, therefore the demand for donuts will shift to the left (decrease).

7 0
2 years ago
Kylie, Jake, and Samantha have different ideas about what makes a job satisfying. They all work for a nonprofit organization and
sweet-ann [11.9K]

Answer:

The answer is: A) Jake most likely has the lowest job satisfaction.

Explanation:

In a job satisfaction scale, Jake would be the most dissatisfied. Jake is very anxious about his job, he may like doing it, but he needs a better salary (too many debts and expenses). Eventually he will probably quit that  job if he finds a better paying one.

Kylie has the highest level of job satisfaction. She enjoys her work and feels good about it. She strongly believes that she is doing something really good for other people in need. Samantha´s level of job satisfaction is in the midpoint, she likes her job but isn´t that excited about it.

8 0
2 years ago
When comparing levered vs. unlevered capital structures, leverage works to increase EPS for high levels of operating income beca
Leviafan [203]

Answer:

The answer is D.

Explanation:

Unlevered capital structure is the one where there is no debt in the company, the company is completely financed by using equity. While levered capital structure involves the combination of both debt and equity in the company.

For a company, debt is an effective tool to raise funds for expansion without diluting or reducing ownership control by adding more shareholders.

Interest payment on debt is usually fixed.

Going for leverage does not increase the number of shares and Earnings Per Share(EPS) will be higher because earnings or income will be distributed to fewer shareholders unlike unlevered capital structure that tends to add to the number of shares thereby lowering EPS because earnings will be distributed to larger shareholders.

4 0
2 years ago
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