Answer this Accounting problem A firm has a market value equal to ns book valueCurrently, the firm has excess cash of s800, other assetsof $5.200, and equity of $6.000 The firm has 600 sharesof stock outstanding and a net income of $500. The firmhas decided to spend half of its excess cash on a sharerepurchase program How many shares of stock we beoutstanding after the stock repurchase is completed?580 sharesa.b. 500 sharesc. 520sharesd. 660 sharese. 560 shares

Explanation of Market Value: Market value represents the current price at which an asset would trade…

Answered: A firm has a market value equal to ns…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter15: Dividend Policy

Section: Chapter Questions

Problem 11P

See similar textbooks

Similar questions

A firm has a market value equal to its book value. Currently, the firm has excess cash of $1,100, other assets of $6,900, and equity of $8,000. The firm has 800 shares of stock outstanding and a net income of $1,000. The firm has decided to spend half of its excess cash on a share repurchase program. How many shares of stock will be outstanding after the stock repurchase is completed? a. 765 shares b. 785 shares c. 725 shares d. 745 shares e. 705 shares
I want to correct answer general accounting
I need answer of this question solution general accounting
A firm has a market value equal to its book value, excess cash of $1,000, and equity worth $20,800. The firm has 6,000 shares of stock outstanding and net income of $31,200. What will the new earnings per share be if the firm uses its excess cash to complete a stock repurchase? $4.10 $4.68 $6.56 $5.46
A firm has a market value equal to its book value. Currently, the firm has excess cash of $1,800 and other assets of $5,700. Equity is worth $7,500. The firm has 750 shares of stock outstanding and net income of $1,500. The firm has decided to spend all of its excess cash on a share repurchase program. How many shares of stock will be outstanding after the stock repurchase is completed?
A firm has a market value equal to its book value. Currently, the firm has excess cash $7,000 and other assets of $21,000. Equity is worth $28,00O. The firm has 600 shares of stock outstanding and net income of $2,400. What will the stock price per share be if the fim pays out its excess cash as a cash dividend? Multiple Choice $64 $43 $35 $39 $60
accounting
Need help with this financial accounting question
A firm has a market value equal to its book value. Currently, the firm has excess cash of $300 and other assets of $6,200. Equity is worth $5,000. The firm has 500 shares of stock outstanding and net income of $720. What will the new earnings per share be if the firm uses its excess cash to complete a stock repurchase?
A firm has a market value equal to its book value. Currently, the firm has excess cash of $7,000 and other assets of $21,000. Equity is worth $28,000. The firm has 600 shares of stock outstanding and net income of $2,400. What will the stock price per share be if the firm pays out its excess cash as a cash dividend? Multiple Choice O $64 $43 $35 $39 $60
A firm has a market value equal to its book value. Currently, the firm has $500,000 of excess cash, $4,500,000 in other assets, $1,000,000 in liabilities, $40,000 in common stock at $1 par, $0 in retained earnings, and $30,000 in net income. Assume that the firm uses all of its excess cash to repurchase some of its shares outstanding. How many shares will be outstanding after the repurchases are completed? (Round, if necessary, your final answer to the whole number).
T4.

SEE MORE QUESTIONS

Recommended textbooks for you

EBK CONTEMPORARY FINANCIAL MANAGEMENT

Finance

ISBN:

9781337514835

Author:

MOYER

Publisher:

CENGAGE LEARNING - CONSIGNMENT

EBK CONTEMPORARY FINANCIAL MANAGEMENT

Finance

ISBN:

9781337514835

Author:

MOYER

Publisher:

CENGAGE LEARNING - CONSIGNMENT

SEE MORE TEXTBOOKS