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Tang Inc. was authorized to issue 500,000 ¥1,000 par value ordinary shares. As of December 31, 2014, the company had issued 80,000 shares for proceeds of ¥198,000,000. During 2014, the company purchased 10,000 treasury shares at a total cost of ¥22,000,000. Later in the year, the company sold half of the treasury shares for ¥14,300,000. The balance in retained earnings at December 31, 2014 was ¥324,000,000 The balance in the Treasury Shares account reported on the December 31, 2014 statement of financial position is
Midpoint Formula
A mathematical equation used to find the exact center point between two points on a line segment by averaging the x-coordinates and y-coordinates.
Price Elasticity
The measure of how much the quantity demanded of a good responds to a change in the price of that good.
Midpoint Formula
A method for calculating the elasticity of demand or supply by using the average percentage change in both quantity and price.
Price Elasticity
This measures how sensitive the quantity demanded of a good or service is to a change in its price.
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