Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Question - Mageco has 1,000,000 shares of its no par value common stock authorized and has issued all of it. The company wants to start an employee stock purchase plan so that the employees will be incentivized to continue employment with the company. To do that it must obtain from the state of Delaware which the company is incorporated, an authorization for more stock. The corporate law in Delaware requires that to approve additional authorization of common stock a vote must be taken by the common stockholders to issue more common stock. That would require the majority of the companies common stockholder. The Board of Directors of Mageco Inc. does not want to take a chance of not having enough votes to approve the additional authorization of common stock shares. They have instead decided to start buying stock in the stock market and holding it as treasury stock.
On May 1, 2021, the company purchased 60,000 shares of its common stock in the stock market for $36 per share. In July 2021 the company had a cash flow problem and decided to sell some of the treasury stock. On July 28, 2021, they sold 6,000 shares at $43 per share. Again in October 2021, the company had another cash flow issue was forced to sell 5,000 shares at $31 per share on October 18, 2021.
Required - Make the entries on May 1, 2022, July 28 2021 and on October 18, 2021.
Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest. How much control does the Fed have over this longer real rate?
Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.
Accounting problems, Draw a detailed timeline incorporating the dividends, calculate the exact Payback Period b) the discounted Payback Period. the IRR, the NPV, the Profitability Index.
Term Structure of Interest Rates
Write a report on Internal Controls
Prepare the bank reconciliation for company.
Create a cost-benefit analysis to evaluate the project
Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR
Distinguish between liquidity and profitability.
Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.
Simple Interest, Compound interest, discount rate, force of interest, AV, PV
CAPM and Venture Capital
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd