FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Say for Pluto Ltd as on 1st April 2021, Market capitalization was $2.20.000. Debt $25,000. Preference share $10.000. Cash Balance were $1,000 . Number of

image text in transcribed

Say for Pluto Ltd as on 1st April 2021, Market capitalization was $2.20.000. Debt $25,000. Preference share $10.000. Cash Balance were $1,000 . Number of outstanding share as on the date has been 1000 and Sales was $20000. The company expect that on 1st April 2022, Sales will be $30000, Debt may increase to $30000 and cash balance may be $2000. Preference share shall be $12000. During the year the company shall buy back 200 shares. Please calculate price of its share as on 15tApril 2022

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

ISE Foundations Of Financial Management

ISE Foundations Of Financial Management

Authors: Stanley B. Block, Geoffrey A. Hirt, Bartley Danielsen

18th International Edition

1265074658, 9781265074654

More Books

Students also viewed these Finance questions

Question

★★★★★
1. Lone Star Company would account for this as: A. A capital lease. B. A direct financing lease. C. A sales type lease. D. An operating lease. 2. What is the net carrying value of the lease liability...

Answered: 1 week ago

Question

★★★★★
A 100 m3 rigid tank initially contains atmospheric air at 100 kPa and 300 K is to be used as a storage vessel for compressed air at 2 MPa and 300 K. Compressed air is to be supplied by a compressor...

Answered: 1 week ago

Question

★★★★★
3. Present some alternatives to the joint venture approach that GE has chosen in China. Describe the managerial challenges associated with each. Which option makes the most sense in your view? Why?

Answered: 1 week ago

Question

★★★★★
In the 1990s, Pfizer, Inc., developed a new antibiotic called Trovan (trovafloxacin mesylate). Tests showed that in animals Trovan had life-threatening side effects, including joint disease, abnormal...

Answered: 1 week ago

Question

★★★★★
Find the duration of a 5.4% coupon bond making semiannually coupon payments if it has three years until maturity and has a yield to maturity of 5.4%. What is the duration if the yield to maturity is...

Answered: 1 week ago

Question

★★★★★
Last month, PeeWee Company manufactured 20,000 units and sold 18,000 of these units at a price of $8.00 per unit. Manufacturing costs consisted of direct labor, $30,000; direct materials, $32,000;...

Answered: 1 week ago

Question

★★★★★
1. BaCo opens its business in 20X2 and purchases merchandise on account for $88,000. In 20X2, BaCo pays $67,000 cash on the $88,000 due, sales are $145,000, and ending inventory is $24,000. BaCo's...

Answered: 1 week ago

Question

★★★★★
Miller Company's contribution format income statement for the most recent month is shown below: Total Sales (25,800 units) Variable expenses $ 232,200 139,320 Contribution margin 92,880 Per Unit $...

Answered: 1 week ago

Question

★★★★★
Tired of her current home's high electric bills, Sandra decides that her next home will have oil heat, but she is concerned about the liability hazards this might involve. To avoid a major pollution...

Answered: 1 week ago

Question

★★★★★
For simple orders (e.g., additional handsets or equipment), or when a customer has its own technical team to determine the necessary equipment, Company A's sales team verifies that the goods are...

Answered: 1 week ago

Question

★★★★★
The following information refers to parts 1-5 below, select the right answer from the drop-down menu and answer the compute questions. Consider a three-period (0, 1, and 2) binomial time-state model...

Answered: 1 week ago

Question

★★★★★
Do we really need laws to get organizations to give equal opportunities to all? Should the current employment laws be changed? How?

Answered: 1 week ago

Question

★★★★★
Being able to influence others behavior is one of the cornerstones of effective leadership (Chapter 8). Effective leaders are able to influence followers and others to do or see things their way. In...

Answered: 1 week ago

Question

★★★★★
Some companies and jobs have a mandatory retirement age. Should the government pass a law stating a mandatory retirement age?

Answered: 1 week ago

Previous Question Next Question