Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Aug 31, 2024

The authorized share capital of the Alfred Cake Company is 170,000 shares. Currently 27,500 shares are issued and outstanding. The equity is currently shown in

image text in transcribed

The authorized share capital of the Alfred Cake Company is 170,000 shares. Currently 27,500 shares are issued and outstanding. The equity is currently shown in the company's books as follows: What would happen to the company's books if instead it bought back 1,150 shares at $7.55 per share? The average issue price of these shares was $7.55. (Round your answers to 1 decimal place.)

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

Step: 3

blur-text-image

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

$Multifractal Detrended Analysis Method And Its Application In Financial Markets$

Multifractal Detrended Analysis Method And Its Application In Financial Markets

Authors: Guangxi Cao, Ling-Yun He, Jie Cao

1st Edition

9811079153, 978-9811079153

More Books

Students also viewed these Finance questions

Question

★★★★★

Sphere 1 with radius R1 has positive charge q. Sphere 2 with radius 2.00 R1 is far from sphere 1 and initially uncharged. After the separated spheres are connected with a wire thin enough to retain...

Answered: 1 week ago

Question

★★★★★

On December 31, 2018, Yard Art Landscaping leased a delivery truck from Branch Motors. Branch paid $40,000 for the truck. Its retail value is $45,114. The lease agreement specified annual payments of...

Answered: 1 week ago

Question

★★★★★

3. Identify four movie characters who embody the gangster hero type.

Answered: 1 week ago

Question

★★★★★

Krystal is a U.S.-based company which manufactures, sells, and installs water purification equipment. On April 11th the company sold a system to the City of Nagasaki, Japan, for installation in...

Answered: 1 week ago

Question

★★★★★

A. $295,000 B. $270,000 C. $297,000 D. $367,000

Answered: 1 week ago

Question

★★★★★

Neptune Company produces toys and other items for use in beach and resort areas. A small, inflatable toy has come onto the market that the company is anxious to produce and sell. The new toy will...

Answered: 1 week ago

Question

★★★★★

Which examples of headings, lists, and colons show correct capitalization? Instruction: Choose all options that best answer the question. Answer Choices The CFO released the document "Taxation...

Answered: 1 week ago

Question

★★★★★

haimi, [25/05/2022 3:47 PM] A small business enterprise makes dresses and trousers. To make a dress requires 2 hours of cutting and 2 hours of sewing. To make trousers requires 1 hour of cutting and...

Answered: 1 week ago

Question

★★★★★

A training organisation purchases aheavy volume copier for large workloadson 1/7/2022 for $36,000 [GST exclusive]. It has a useful life of 4 years and a residual value of $4,000 [GST exclusive]....

Answered: 1 week ago

Question

★★★★★

The given multivariable function is as follows: f ( x , y ) = ky 2 - 2 y 3 - kx 3 + 2 kxy . A. Given that the function f ( x,y ) in the Assumptions section has a critical point at (0,0), use a second...

Answered: 1 week ago

Question

★★★★★

How often should braille accommodations be provided? A. Never, not enough people use it. B. Always, regardless of how many people use it. C. Sometimes if it was requested by someone who needs it. D....

Answered: 1 week ago

Question

★★★★★

Read the article summarised in focus on research 11.7 and suggest other HRM actions that the organisation could have taken after the strike to meet the employees aims.

Answered: 1 week ago

Question

★★★★★

Role- play the situation of an interview with an employee coming back to work in an engineering environment after an extended period of absence through having a bad back.

Answered: 1 week ago

Question

★★★★★

What types of specific skills (such as knowledge of financial accounting methods) do you think HR professionals will need to have the business, professional-technical, change management, and...

Answered: 1 week ago

Previous Question Next Question