Homework Answers
please find below the solution.. rate positively ..
| Given that company is repurchasing the share . | ||||
| Therefore it will reduce the equity by the amount of repurchase . | ||||
| Ans = | Will REDUCE share holder value by $21850 | |||
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The balance sheet for Tempest, Inc., is shown here in market value terms. There are 19,000...
The balance sheet for Tempest, Inc., is shown here in market value terms. There are 28,000...
The balance sheet for Tempest, Inc., is shown here in market value terms. There are 28,000 shares of stock outstanding. Market Value Balance Sheet Cash $176,000 Fixed assets 557,040 Equity $733,040 Total $733,040 Total $733,040 The compay has announced it is going to repurchase $44,800 worth of stock instead of paying a dividend of $1.60. a. What effect will this transaction have on the equity of the firm? (Input the answer as positive value. Do not round intermediate calculations and...
The balance sheet for Tempest, Inc., is shown here in market value terms. There are 28,000...
The balance sheet for Tempest, Inc., is shown here in market value terms. There are 28,000 shares of stock outstanding. Market Value Balance Sheet Cash $ 176.000 Fixed assets 557,040 Equity $733,040 Total $733,040 Total $733,040 The compay has announced it is going to repurchase $44,800 worth of stock instead of paying a dividend of $1.60. a. What effect will this transaction have on the equity of the firm? (Input the answer as positive value. Do not round intermediate calculations...
The balance sheet for Tempest, Inc., is shown here in market value terms. There are 19,000...
The balance sheet for Tempest, Inc., is shown here in market value terms. There are 19,000 shares of stock outstanding Market Value Balance Sheet $120,000 $476,600 Cash $596,600 Fixed assets Equity Total $596,600 $596,600 Total The company has declared a dividend of $1.15 per share. The stock goes ex dividend tomorrow. Ignore any tax effects. a. What is the stock selling for today? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What...
The balance sheet for Tempest, Inc., is shown here in market value terms. There are 28,000...
The balance sheet for Tempest, Inc., is shown here in market value terms. There are 28,000 shares of stock outstanding. Market Value Balance Sheet Cash $ 130,000 Fixed assets 494,960 Equity $624,960 $624,960 Total $624,960 Total The company has declared a dividend of $1.50 per share. The stock goes ex dividend tomorrow. Ignore any tax effects. a. What is the stock selling for today? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b....
The balance sheet for Levy Corp. is shown here in market value terms. There are 5,000...
The balance sheet for Levy Corp. is shown here in market value terms. There are 5,000 shares of stock outstanding. Market Value Balance Sheet Cash $ 43,800 Equity $ 363,800 Fixed assets 320,000 Total $ 363,800 Total $ 363,800 Instead of a dividend of $1.50 per share, the company has announced a share repurchase of $7,500 worth of stock. How many shares will be outstanding after the repurchase? (Do not round intermediate calculations and round your final...
The balance sheet for Levy Corp. is shown here in market value terms. There are 6,000...
The balance sheet for Levy Corp. is shown here in market value terms. There are 6,000 shares of stock outstanding. Market Value Balance Sheet Cash $ 44,900 Equity $ 474,900 Fixed assets 430,000 Total $ 474,900 Total $ 474,900 Instead of a dividend of $1.80 per share, the company has announced a share repurchase of $10,800 worth of stock. How many shares will be outstanding after the repurchase? (Do not round intermediate calculations and round your answer to 2 decimal...
The balance sheet for Rami Corp. is shown here in market value terms. There are 10,000...
The balance sheet for Rami Corp. is shown here in market value terms. There are 10,000 shares of stock outstanding. $ 525,400 Market Value Balance Sheet Cash $ 45,400 Equity Fixed assets 480,000 Total $ 525,400 Total $ 525,400 Instead of a dividend of $1.70 per share, the company has announced a share repurchase of $17,000 worth of stock. How many shares will be outstanding after the repurchase? (Do not round intermediate calculations and round your answer to 2 decimal...
The balance sheet for Sinking Ship Corp. is shown here in market value terms. There are...
The balance sheet for Sinking Ship Corp. is shown here in market value terms. There are 6,000 shares of stock outstanding, Market Value Balance Sheet $ 45,500 Equity 490,000 Cash Fixed assets $535,500 Total $535,500 Total 535,500 Instead of a dividend of $1.80 per share, the company has announced a share repurchase of $10,800 worth of stock. a. How many shares will be outstanding after the repurchase? (Do not round intermediate calculations and round your answer to 2 decimal places,...
The balance sheet for Sinking Ship Corp. is shown here in market value terms. There are...
The balance sheet for Sinking Ship Corp. is shown here in market value terms. There are 5,000 shares of stock outstanding. Market Value Balance Sheet Cash $ 44,800 Equity $ 464,800 Fixed assets 420,000 Total $ 464,800 Total $ 464,800 Instead of a dividend of $1.70 per share, the company has announced a share repurchase of $8,500 worth of stock. a. How many shares will be outstanding after the repurchase? (Do not round intermediate calculations and round your...
The balance sheet for Sinking Ship Corp. is shown here in market value terms. There are...
The balance sheet for Sinking Ship Corp. is shown here in market value terms. There are 5,000 shares of stock outstanding. Market Value Balance Sheet Cash $ 45,100 Equity $ 495,100 Fixed assets 450,000 Total $ 495,100 Total $ 495,100 Instead of a dividend of $1.40 per share, the company has announced a share repurchase of $7,000 worth of stock. a. How many shares will be outstanding after the repurchase? (Do not round intermediate calculations and round your...
The balance sheet for Tempest, Inc., is shown here in market value terms. There are 28,000 shares of stock outstanding. Market Value Balance Sheet Cash $176,000 Fixed assets 557,040 Equity $733,040 Total $733,040 Total $733,040 The compay has announced it is going to repurchase $44,800 worth of stock instead of paying a dividend of $1.60. a. What effect will this transaction have on the equity of the firm? (Input the answer as positive value. Do not round intermediate calculations and...
The balance sheet for Tempest, Inc., is shown here in market value terms. There are 28,000 shares of stock outstanding. Market Value Balance Sheet Cash $ 176.000 Fixed assets 557,040 Equity $733,040 Total $733,040 Total $733,040 The compay has announced it is going to repurchase $44,800 worth of stock instead of paying a dividend of $1.60. a. What effect will this transaction have on the equity of the firm? (Input the answer as positive value. Do not round intermediate calculations...
The balance sheet for Tempest, Inc., is shown here in market value terms. There are 19,000 shares of stock outstanding Market Value Balance Sheet $120,000 $476,600 Cash $596,600 Fixed assets Equity Total $596,600 $596,600 Total The company has declared a dividend of $1.15 per share. The stock goes ex dividend tomorrow. Ignore any tax effects. a. What is the stock selling for today? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What...
The balance sheet for Tempest, Inc., is shown here in market value terms. There are 28,000 shares of stock outstanding. Market Value Balance Sheet Cash $ 130,000 Fixed assets 494,960 Equity $624,960 $624,960 Total $624,960 Total The company has declared a dividend of $1.50 per share. The stock goes ex dividend tomorrow. Ignore any tax effects. a. What is the stock selling for today? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b....
The balance sheet for Rami Corp. is shown here in market value terms. There are 10,000 shares of stock outstanding. $ 525,400 Market Value Balance Sheet Cash $ 45,400 Equity Fixed assets 480,000 Total $ 525,400 Total $ 525,400 Instead of a dividend of $1.70 per share, the company has announced a share repurchase of $17,000 worth of stock. How many shares will be outstanding after the repurchase? (Do not round intermediate calculations and round your answer to 2 decimal...
The balance sheet for Sinking Ship Corp. is shown here in market value terms. There are 6,000 shares of stock outstanding, Market Value Balance Sheet $ 45,500 Equity 490,000 Cash Fixed assets $535,500 Total $535,500 Total 535,500 Instead of a dividend of $1.80 per share, the company has announced a share repurchase of $10,800 worth of stock. a. How many shares will be outstanding after the repurchase? (Do not round intermediate calculations and round your answer to 2 decimal places,...
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