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On June 8, Cato Ltd. was incorporated and issued 31,800 common shares for $318,000. On August 19, an additional 7,950 shares were issued for $95,400.
On June 8, Cato Ltd. was incorporated and issued 31,800 common shares for $318,000. On August 19, an additional 7,950 shares were issued for $95,400. On November 2, the company paid $30,528 to repurchase 3,180 common shares and on December 7 it paid $55,120 to repurchase 4,240 common shares.
Calculate the average cost of the common shares on June 8, August 19, November 2, and December 7. (Round answers to 2 decimal places, e.g. 15.25.)
Average Cost | ||
---|---|---|
June 8 | $enter a dollar amount rounded to 2 decimal places | |
Aug. 19 | $enter a dollar amount rounded to 2 decimal places | |
Nov. 2 | $enter a dollar amount rounded to 2 decimal places | |
Dec. 7 | $enter a dollar amount rounded to 2 decimal places |
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