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[单选题]

Company ABC has a share price of $10 with 30,000 shares outstanding. So what is the market capitalization of Company ABC？（)

A.$30,000

B.$300,000

C.$3,000

D.$300

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更多“Company ABC has a share price …”相关的问题

第1题

MOON Company has 200,000 common shares outstanding...

MOON Company has 200,000 common shares outstanding, and the par value is $2 per share. MOON has thought it is necessary to reinvest most of its earnings, so as to maintain the growth rate of 12%. Because of the founder's death, it is expected a low growth rate. The realistic growth rate is 5%, and the dividend distribution will increase. The required return rate of the shreholders is 14%. It is expected an earnings of $2 millions in 20X9, and the investment requirement in 20X9 is $0.8 millions. Required: （1）If all the required capital for the investment is from the earning, and MOON uses a residual dividend approach, please calculate the dividend per share in Year 20X9. （2）Please calculate the dividend payout ratio if Year 20X9；（3）If the dividend payout ratio grows by 5% each year, calculate the intrisic value of the share based on the result of (1)；

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第2题

Quad Associates, Inc.抯 net income for 2001 was $892,000 with 400,000 shares outstanding. The tax rate was 40 percent. Quad had 2,000 six percent $1,000 par value convertible bonds that were issued in 2000. Each bond was convertible into 40 shares of common stock. Quad, Inc.抯 diluted earnings per share (Diluted EPS) for 2001 was closest to:

A.$2.23.

B.$2.41.

C.$2.11.

D.$2.01.

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第3题

ABC has 5000 million shares outstanding with a market price of $8 a share. Then the simplified balance sheet for it is as following(in millions)： current assets $800 current liabilities $600 long-term

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第4题

Carolina Company has options for 100,000 shares outstanding that may be exercised at the discretion of the option holder no earlier than June 30, 2003. The exercise price is $40 per share. The market price of Carolina shares was $30 on December 31, 2001 and was p riced at an average of $32 during 2001. Carolina 抯 earnings per share disclosures for 2001 should:

A.not include the options because they are antidilutive.

B.include the options because they could dilute earnings.

C.not include the options because they cannot be exercised until June 30, 2003.

D.include the options because the shares declined in price during 2001.

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第5题

Bond Features, Inc.(“BFI”) has bonds outstanding with a $900,00 par value.The BFI bonds pay a 4.5% coupon, mature in three years, and have net book value of $785,000.The bonds are convertible into 20,000 shares of common stock, with a $1 par value.The current market value of the common shares is $62.50.Under U.S.GAAP, the amount that will be recorded as additional paid-in capital if the bonds are immediately converted is closest to:

A.$115,000.

B.$765,000.

C.$1,250,000.

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第6题

Which of the following is a reason why a company might issue a stock dividend?______.

A．To show that the company is performing well

B．To give stockholders a nontaxable distribution

C．To increase the shares outstanding, while keeping the price per share low enough to attract small investors

D．All of the above

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第7题

2 Evon, a limited liability company, issued 1,000,000 ordinary shares of 25c each at a price of $1·10 per share, all

received in cash.

What should be the accounting entries to record this issue?

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第8题

In the year 2013, Sunshine Co. earned a net income of 4 510 000 yuan. The company had issued only common stock, of which 1 million shares were outstanding at January 1. Compute the company's earnings per share under each of the following independent assumptions: a. No change occurred during the year in the number of shares outstanding. b. On July 1, the company distributed an additional 100 000 shares of capital stock as a 10% stock dividend. c. On October 1, the company issued an additional 100 000 shares of common stock in exchange for cash.

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第9题

Gilt Ltd is a small company with an issued share capital of 100,000 ￡1 shares held by 100 members.

Harry, the managing director of Gilt Ltd, has been approached by Itt plc in respect of its making a takeover bid for Gilt Ltd. Itt plc has given Harry what is described as a facility fee of ￡50,000 for ensuring that the takeover is successful.

At the next board meeting Harry convinces the other directors that the take-over bid is in the long-term interest of Gilt Ltd, but they are concerned that the holders of the majority of the issued share capital will not approve of the takeover.

In order to ensure the success of the takeover, the directors of Gilt Ltd agree that they should allot suffi cient new shares to Itt plc to ensure that a new majority of members will support the takeover.

After the allocation of the shares to Itt plc a general meeting is called to consider the takeover and it is approved, with Itt plc voting in favour.

May, a substantial shareholder in Gilt Ltd has subsequently found out about the actions of Itt plc, Harry and the other directors.

Required:

Advise May as to the legality of the share allotment and as to what action can be taken against Harry.

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第10题

3 Palm plc recently acquired 100% of the ordinary share capital of Nikau Ltd from Facet Ltd. Palm plc intends to use

Nikau Ltd to develop a new product range, under the name ‘Project Sabal’. Nikau Ltd owns shares in a non-UK

resident company, Date Inc.

The following information has been extracted from client files and from a meeting with the Finance Director of Palm

plc.

Palm plc:

– Has more than 40 wholly owned subsidiaries such that all group companies pay corporation tax at 30%.

– All group companies prepare accounts to 31 March.

– Acquired Nikau Ltd on 1 November 2007 from Facet Ltd, an unrelated company.

Nikau Ltd:

– UK resident company that manufactures domestic electronic appliances for sale in the European Union (EU).

– Large enterprise for the purposes of the enhanced relief available for research and development expenditure.

– Trading losses brought forward as at 1 April 2007 of ￡195,700.

– Budgeted taxable trading profit of ￡360,000 for the year ending 31 March 2008 before taking account of ‘Project

Sabal’.

– Dividend income of ￡38,200 will be received in the year ending 31 March 2008 in respect of the shares in Date

Inc.

‘Project Sabal’:

– Development of a range of electronic appliances, for sale in North America.

– Project Sabal will represent a significant advance in the technology of domestic appliances.

– Nikau Ltd will spend ￡70,000 on staffing costs and consumables researching and developing the necessary

technology between now and 31 March 2008. Further costs will be incurred in the following year.

– Sales to North America will commence in 2009 and are expected to generate significant profits from that year.

Shares in Date Inc:

– Nikau Ltd owns 35% of the ordinary share capital of Date Inc.

– The shares were purchased from Facet Ltd on 1 June 2003 for their market value of ￡338,000.

– The sale was a no gain, no loss transfer for the purposes of corporation tax.

– Facet Ltd purchased the shares in Date Inc on 1 March 1994 for ￡137,000.

Date Inc:

– A controlled foreign company resident in the country of Palladia.

– Annual chargeable profits arising out of property investment activities are approximately ￡120,000, of which

approximately ￡115,000 is distributed to its shareholders each year.

The tax system in Palladia:

– No taxes on income or capital profits.

– 4% withholding tax on dividends paid to shareholders resident outside Palladia.

Required:

(a) Prepare detailed explanatory notes, including relevant supporting calculations, on the effect of the following

issues on the amount of corporation tax payable by Nikau Ltd for the year ending 31 March 2008.

(i) The costs of developing ‘Project Sabal’ and the significant commercial changes to the company’s

activities arising out of its implementation. (8 marks)

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