The Market Value Balance Sheet for Cherry Pie Corp

question 47

Multiple Choice

The market value balance sheet for Cherry Pie Corp. reflects cash of $31,020, fixed assets of $539,750, and equity of $286,800. There are 6,000 shares of stock outstanding with a par value of $1 per share. The company has announced that it is going to repurchase $20,000 of stock. What will the price of the stock be after this repurchase?

• A) $47.80
• B) $46.60
• C) $46.20
• D) $47.60
• E) $46.80

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Definitions:

Meaning in Life

The significance and purpose an individual assigns to their existence, often associated with their well-being and psychological resilience.

Existential Therapies

A group of psychotherapies that focus on individual responsibility, and the meaning of life and existence, encouraging clients to confront existential issues and live authentically.

Ongoing Process

A continuous and evolving activity or series of actions aimed at achieving a particular goal or maintaining a certain state.

Success Identity

The internal conception of oneself as successful, often shaped by personal achievements, societal standards, and the recognition of others.