User Account

All Pages

What will be its stock price following the stock repurchase

Assignment Help Managerial Accounting
Reference no: EM133173226

Question - Gamma Industries has net income of $3,800,000, and it has 1,490,000 shares of common stock outstanding. The company's stock currently trades at $67 a share. Gamma is considering a plan in which it will use available cash to repurchase 10% of its shares in the open market at the current $67 stock price. The repurchase is expected to have no effect on net income or the company's P/E ratio. What will be its stock price following the stock repurchase?

Reference no: EM133173226

Questions Cloud

Ethical dilemma-can i keep this child : To whom do you have responsibilities? Whom and what do you have to consider in making a decision? What action(s) would you take in resolving this situation?
How much should she have in her back account today : At an interest rate of 4.5% compounded semi-monthly, how much should she have in her back account today to cover for both future trips
Determine the inventory value of the gloves by fifo method : The year-end inventory revealed a total of 163 gloves in stock: Determine the inventory value of the gloves by the FIFO method
How much should be recognized as dividends : Islands Co. has 200,000 outstanding common shares. On Dec 30, 2013, Islands declared a 3% stock dividend. How much should be recognized as dividends
What will be its stock price following the stock repurchase : The repurchase is expected to have no effect on net income or the company's P/E ratio. What will be its stock price following the stock repurchase
What was the standard materials price per pound : During the year, 117,000 pounds of raw materials were purchased at $0.92 per pound. What was the standard materials price per pound
Prepare analysis showing the old machine should retained : The new machine will lower annual variable production costs from $551,200 to $434,600. Prepare analysis showing whether the old machine be retained or replaced
Native american religious rituals : Some Native American religious rituals involve the use of psychoactive substances to induce religious visionary experiences.
Calculate the inventory turnover ratio of beata company : Question - The cost of goods sold of Beata Company is $740,000 during the year. Calculate the inventory turnover ratio of Beata Company

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

Free Assignment Quote

Assured A++ Grade

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd