Assume a Firm Has a Market Value Equal to Its

question 53

Multiple Choice

Assume a firm has a market value equal to its book value,excess cash of $900,other assets of $16,500,and equity valued at $17,400.The firm has 1,200 shares of stock outstanding and net income of $15,400.If the firm spends all of its excess cash on share repurchases,how many shares will be outstanding after the repurchases are completed? (Round your answer up to the nearest whole share)

• A)1,148 shares
• B)1,135 shares
• C)1,138 shares
• D)1,164 shares
• E)1,142 shares

Comprehend the protections provided by the Occupational Safety and Health Act.

Gain insights into grievance procedures and their significance in resolving workplace disputes.

Address the initiative used to increase gender diversity and inclusion in the workplace.

Distinguish between compensatory and punitive damages in legal disputes.

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Definitions:

Promoted Regularly

Refers to a consistent and systematic approach to moving employees to higher positions or ranks within an organization.

Natural Selection

A process in biology by which organisms with traits better suited to their environment are more likely to survive and reproduce.

Outplacement

A support service provided by some organizations to help former employees transition to new jobs, often following layoffs.

Employable

Possessing the skills, qualifications, and attributes that make one a desirable candidate for employment.