The balance sheet for Chevelle Corp. is shown here in marketvalue terms. There are 9,000 shares of stock outstanding.Market Value Balance SheetCash $43,700Fixed assets 310,000Total $353,700Equity $353,700Total $353,700Instead of a dividend of $1.40 per share, the company hasannounced a share repurchase of $12,600 worth of stock. Howmany shares will be outstanding after the repurchase? (Do notround intermediate calculations and round your final answer to2 decimal places.What will the price per share be after the repurchase? (Do notround intermediate calculations and round your final answer to2 decimal places.

Explanation of Stock Repurchase:A stock repurchase, also known as a buyback, is when a company buys…

Answered: The balance sheet for Chevelle Corp. is…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Wookie Inc. has the following shareholders equity information at the beginning of the year: 1000 shares-$5 par value, issued and outstanding: $5,000 Additional Paid-In Capital: $45,000 Retained Earnings: $15,000 Instead of a stock split, a 5% stock dividend is declared. What would the above amounts be after the stock dividend?
Pluto's has 14,000 shares of stock outstanding with a par value of $1 per share. The market value is $39.60 per share. The balance sheet shows $522,500 in the capital in excess of par account, $14,000 in the common stock account, and $429,700 in the retained earnings account. The firm just announced a 10 percent (small) stock dividend. What will be the balance in the retained earnings account after the dividend?
5. The XYZ stock traded on the first day of this year at $ 1,500 / share and closed today at $ 1.65/ share. It reported profits of $ 150 million, of which it distributed $ 50 million to its shareholders. His net worth is known to be $ 450 million. If the company has 5 million shares outstanding, Calculate: • Market capitalization • Calculate earnings per share (EPS). • Calculate the appreciation of the YTD share • Calculate the r/n share value in the market vs the equity value QTOBIN
The market value balance sheet for Briggs Manufacturing is shown here. The company has declared a 20 percent stock dividend. The stock goes ex dividend tomorrow (the chronology for a stock dividend is similar to that for a cash dividend). There are 28,000 shares of stock outstanding. Market Value Balance Sheet Cash $ 181,000 Debt $ 353,800 Fixed assets 1,080,000 Equity 907,200 Total $ 1,261,000 Total $ 1,261,000 What will the ex-dividend price be?
Company Tyza has a Net income of $15,831,600 and 11,000,000 outstanding shares. It also has 5,000,000 common stock warrants exercisable @ $3.80, stock price for calculations = $5.00 a. What’s the EPS-Basic of the company? b. What’s the EPS-Diluted of the company? c. What’s the shares outstanding for Diluted?
Green Thumb Nursery has 11,000 shares of stock outstanding at a market price of $18 per share. The current earnings per share are $1.47. The firm has total assets of $286,000 and total liabilities of $86,000. Next week, the firm will be repurchasing $36,000 worth of stock. Ignoring taxes, what will be the earnings per share after the stock repurchase? a) $1.797 b) $1.832 c) $1.848 d) $1.620 e) $1.883
Please provide detailed solution and explanation...
Ollie Goose Inc. has $2.00 par value common stock of $5,000,000. The firm has 2,500,000 shares outstanding. The additional paid-in capital account has a balance of $1,000,000 and the retained earnings account has a balance of $2,000,000. The market price of the stock is $2.50 per share. The firm is considering issuing a 15% stock dividend. How much will the retained earnings account become following the stock dividend? Choose.. How much will total equity become following the stock dividend? Choose. How much will the additional paid-in capital account become following the stock dividend? Choose.
A company’s share capital consists of 2,800,000 ordinary shares of 25 pence each.During its last financial year the company paid a dividend of 8 pence per share.The market price of the shares is currently £1.75.Calculate the dividend yield correct to one decimal place.
The balance sheet for Quinn Corporation is shown here in market value terms. There are 9,000 shares of stock outstanding. Market Value Balance Sheet Cash $ 44,600 Equity $ 444,600 Fixed assets 400,000 Total $ 444,600 Total $ 444,600 The company has declared a dividend of $1.50 per share. The stock goes ex dividend tomorrow. Ignoring any tax effects, what is the stock selling for today? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Ignoring any tax effects, what will it sell for tomorrow? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
CBA Incorporated has 400,000 shares outstanding with a $5 par value. The shares were issued for $12. The stock is currently selling for $34. CBA has $5,000,000 in retained earnings and has declared a stock dividend that will increase the number of outstanding shares by 6%. How many shares will be outstanding after the stock dividend? Multiple Choice 376,000 424.000 400,000 9,328,000
In December 31, 2009, Brave Corporation reported the following: Cash P22,000 Treasury Stock (P8 per share, at cost) (16,000) Retained earnings 130,000 Common stock, par P5; (authorized 100,000 shares) 400,000 Share Premium ? Total contributed capital 540,000 The stockholders' equity section of the balance sheet, should report a total stockholder's equity of: The stockholders' equity section of the balance sheet, should report a share premium of:

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