The Nicole's after-tax benefit if she receives the allowance this year $13,600.
What is tax?The term tax refers to the government charge the extra money for goods and services. The tax is also called as financial charge. The amount of tax are collect to government account as spent on public welfare. The public pay tax is compulsory. There are two types of tax, such as direct tax and indirect tax.
According to the tax are the based on the applicable to the company.
The tax rate applicable to the company is 32%.
After-tax cost of Poe Corporation = Allowance provided to Nicole*(1 – Tax)
= $20,000*(1 – 0.32)
= $13,600
As a result, the Nicole's after-tax benefit if she receives the allowance this year $13,600.
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using the allowance method, which is the correct adjusting journal entry to record bad debt expense? multiple choice question. debit bad debt expense and credit accounts receivable debit allowance for bad debt expense and credit bad debt expense debit bad debt expense and credit allowance for doubtful accounts debit bad debt expense and credit sales revenue
Using the allowance method, debit bad debt expense and credit allowance for doubtful accounts is the correct adjusting journal entry to record bad debt expense.
Debt is a responsibility that requires one birthday party, the debtor, to pay cash or other agreed-upon value to any other birthday celebration, the creditor. Debt is a deferred charge, or collection of bills, which differentiates it from a direct purchase.
Debt may be truly understood as the quantity owed by means of the borrower to the lender. Debt is the amount of money that is borrowed for a sure time period and is to be returned alongside the interest. the quantity in addition to the approval of the debt depends upon the creditworthiness of the borrower.
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your variable annuity charges administrative fees at an annual rate of 0.2 percent of account value. your average account value during the year is $230,000. what is the administrative fee for
The administrative fee for the year is
Administrative fee = Average account value × Expense rate
= $230,000 × 0.002 = $460
What is the purpose of administrative?
The main purpose of administrative law consists of ensuring accountability for administrative agencies.
What type of job is administrative?
Administrative workers are those who provide support to a company. This support might include general office management, answering phones, speaking with clients, assisting an employer, clerical work (including maintaining records and entering data), or a variety of other tasks.
What are the 7 administrative roles?
Seven excellent administrative skills to include in a resume
Microsoft Office.Communication skills.The ability to work autonomously.Database management.Enterprise Resource Planning.Social media management.A strong results focus.Learn more about administrative here:- https://brainly.com/question/27755659
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what is a breadwinner
trabalho ou instrumento de trabalho que garante a subsistência do trabalhador; ganha-vida
how do mergers and acquisitions differ? multiple choice question. a merger is when two firms are forced to join together; an acquisition is when two firms join willingly. a merger is when two firms join together; an acquisition is when more than two firms join together. a merger describes the domestic takeover of a firm, while an acquisition describes the international takeover of a firm. a merger describes the joining of two independent companies, while an acquisition describes the purchase or takeover of a firm.
A merger unites two businesses into a single, entirely new company, whereas an acquisition includes one firm buying another without forming a new organization. This is the primary contrast between a merger and an acquisition.
A merger occurs when two separate organizations come together to create a single, new entity. On the other side, an acquisition occurs when one entity is taken over by another. Mergers and acquisitions may be carried out to widen a company's client base or boost its market share in an effort to improve shareholder value.
An acquisition is when one firm (the acquirer) purchases and takes over the operations of another business (the acquiree), as opposed to a merger, which takes place when two or more businesses combine to form one corporate entity (the acquired).
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______ are important because they provide utilities to consumers and have a significant positive impact on the economy.
Retailers are important because they provides utilities to consumers and cause a significant positive impact on the economy.
A retailer is an individual or business that sold goods. Retailers typically purchase their goods from manufacturers. They purchase goods from producers or wholesalers and then offer them in modest quantities to clients. One method of adding value is through consumer utilities which have a positive impact on the economy.
Between manufacturers and consumers, retailers play an important role. They serve as the last point of sale and are essential to the whole supply chain. They actually provide services to wholesalers and customers alike. The consumer is the most crucial retail concept to understand; they should be at the core of your organization and the subject of everything you do.
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structure is a valuable tool in achieving coordination in an organization because it does what three things?
Structure is a valuable tool in achieving coordination in an organization because the three things it helps are :
staffing the organization acquiring, developing, and strengthening key resourcesimproving competitive capabilitiesWhat do you mean by structure in an organization?
Structure is a valuable tool in achieving coordination, as it specifies reporting relationships , improves formal communication channels, and explains how how separate actions of individuals are linked together.
The structure techniques used are
1. Scalar Chain
2. Rules and Procedures
3. Plans and Goals
4. Information System
5. Lateral Relationships
6. Slack Resources
7. Cooperation
These things helps in improving the structure in an organization.
Hence, Structure is a valuable tool in achieving coordination in an organization because of given factors.
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excise tax is not applied to: multiple choice none of the answer choices are correct. doughnuts beer distilled spirits wine
Excise tax is not applied to doughnuts. The correct answer would be option A.
A regulated tax on particular commodities or services, including alcohol, cigarettes and gasoline is known as an excise tax. Instead of being levied internationally across national borders, excise taxes are national taxes levied within a government infrastructure. Sales of motor gasoline, airline tickets, cigarettes and other goods and services are typically subject to a federal excise tax.
Excise taxes are mostly paid by corporations. Many of them are paid by businesses, who subsequently charge customers more as a result. Wholesalers get excise taxes from merchants, who then factor them into product pricing and raise overall retail prices as a result. As a result, most excise taxes may or may not be directly felt by consumers. However, property taxes and levies on specific retirement account activities are paid directly by consumers.
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in computing the consumer price index, a base year is chosen. which of the following statements about the base year is correct?
In computing the consumer price index, a base year is chosen. The correct answer is option c- The value of the consumer price index is always 100 in the base year.
How should a Price Index base year be chosen?
The year when an index is set to 100 is known as the base year. Indexes are employed while calculating macroeconomic figures like inflation or economic growth rates. The government's statistical agencies will select a basket of commodities and set its value to 100 for a base year in order to track price changes.
When comparing measurements of a commercial activity, economic, or financial index, a base year is used. For instance, 2016 is the base year or the first year in the specified time frame when calculating the inflation rate between 2016 and 2021.
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the allowance method of estimating uncollectible accounts receivable based on an analysis of receivables shows that $877 of accounts receivable are uncollectible. allowance for doubtful accounts has a debit balance of $174. the adjusting entry at the end of the year will include a credit to allowance for doubtful accounts in the amount of
The receivable balance in each of the aging categories is multiplied by a reserve rate to determine the allowance for uncollectible accounts (see table below). Older receivables have a greater reserve rate since there is a lower likelihood that they will be recovered.
Which two techniques are used to estimate the provision for uncollectible receivables?The two most popular methods for estimating uncollectible accounts are the accounts receivable aging approach and the percentage of sales method.
How does writing down uncollectible accounts receivables when utilizing the allowance approach effect the accounts on the?According to the allowance approach, a written-off account will cause the allowance for doubtful accounts to increase and the net accounts receivable to fall. The net accounts receivable will therefore stay the same.
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discuss the issue of centralization versus decentralization as it applies to the purchasing function. what are the advantages of centralized purchasing organizations? what are the disadvantages of centralized purchasing?
Centralized purchasing becomes more crucial as a company expands. Businesses frequently pay more as a result of their ineffective processes when they have a decentralised purchasing structure where separate departments are in charge of their own purchasing.
On the other hand, centralised firms run their purchasing processes more effectively since they have a procurement department of their own. Sometimes a small company doesn't need a whole department with many employees, only a purchasing or procurement manager.
A completely centralised organisation or a center-led organisational structure are both examples of centralised purchasing. For the entire company, the purchasing department creates standard operating procedures and purchasing pause rules. In a totally centralised structure, the purchasing department manages all purchasing responsibilities from a home office or headquarters for activities for every department or division. The purchasing department creates purchasing rules and standard operating procedures in a center-led organisation, but each division or department is still free to follow its own methods.
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in 2022, theo, a single taxpayer, operates a sole proprietorship in which he materially participates. his proprietorship generates gross income of $320,000 and deductions of $600,000, resulting is a loss of $280,000. the large deductions are due to the acquisition of equipment and the use of immediate expense and additional first-year depreciation to deduct all of the acquisitions. what is theo's excess business loss for the year? (the maximum amount of losses that were able to deducted in that year was $270,000/$540,000 (mfj)).
Due to his single status, the taxpayer will benefit from the threshold amount, In light of this, Total Excess Business Loss $ (30,000).
Is the IRS a part of the government?One of the most effective tax administration agencies in the world is the IRS, a division of the Treasury Department.
According to the IRS's (International Revenue Services) definition of company excess loss,
The total deduction (-) The taxpayer's yearly gross income (-) $250,000 is the threshold amount for all taxpayers, excluding married people.
excess business losses overall
In this case, gross income is $320,000 and deductions are $600,000, making the total deduction $600,000. (-) ($320,000) is the taxpayer's total year income (-) $ as the threshold (250,000)
Excess business loss overall $ (30,000)
Due to his single status, the taxpayer will benefit from the threshold amount.
In light of this, Total Excess Business Loss $ (30,000).
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seaside industries issues a bond with a stated interest rate of 10%, face amount of $50,000, and due in 5 years. interest payments are made semi-annually. the market rate for this type of bond is 8%. what is the issue price of the bond (rounded to nearest whole dollar)?
The Price of the bond is $54,055.43.
Given in the Question:
Face value : $50,000
state rate : 10%
term : 5 years, semi-annual
market rate : 8%
Price of Bond = (Present value of face) + (Present value of coupons)
Present face value = 50,000/1.04¹⁰
Present face value = $33,778.20
Coupon payments:
Coupon payments is given as
annual payment = 10% of 50,000 = $5,000
semi - annual payment = ¹/₂ × $5,000 = $2,500
Present value of coupons = 2,500/0.04(1 - 1/1.04¹⁰}
Present value of coupons = $20,277.23
Price of Bond = (Present value of face) + (Present value of coupons)
= $33,778.20 + $20,277.23
= $54,055.43
Hence, the price of bond is $54,055.43
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melinda crooke was a line worker for herbruck poultry ranch, an egg farm located in saranac, michigan. after her supervisor learned about her disability-related symptoms, she was mocked regularly by her supervisor and coworkers because of those symptoms. crooke reported the mocking nicknames and physical imitation of her symptoms, but her employer took no action. the harassment by her supervisor worsened, as the supervisor began following crooke to the bathroom to time her breaks. on april 10, 2015, her supervisor followed her to the bathroom and shouted at her. crooke reported the incidence to a person in human resources but was advised to return to her shift. crooke found returning to the work environment to be unbearable, so she quit her job. has the employer created a hostile work environment? to what extent is the employee required to notify her supervisor of her belief that the work environment is hostile? even though crooke quit, can she still file a complaint against her former employer?
Yes the employer has created a hostile work environment
Yes Crooke can still decide to file a complaint against her former employer
What is a hostile work environment?Employees are unable to perform their duties efficiently when there is a hostile work environment because of the many difficulties it brings to the workplace. This can be a significant problem for businesses and affect employee satisfaction, engagement, and productivity. Below, we go over what constitutes a hostile workplace and how to foster a supportive environment for your staff.
According to the U.S. Equal Employment Opportunity Commission, a genuine hostile work environment must adhere to specific legal requirements (EEOC). A hostile atmosphere can develop when:
Based on color, gender, pregnancy, religion, national origin, age, a disability, or genetics, unwanted behavior is known as harassment. Harassment is persistent and pervasive.
The behavior is so severe that it makes the setting threatening, offensive, or abusive.
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caspian sea drinks needs to raise $30.00 million by issuing bonds. it plans to issue a 12.00 year semi-annual pay bond that has a coupon rate of 5.08%. the yield to maturity on the bond is expected to be 4.76%. how many bonds must caspian sea issue? (note: your answer may not be a whole number. in reality, a company would not issue part of a bond.)
The Caspian sea should issue 29,354 bonds.
Given in the Question:
Coupon rate = 5.08%
Yield to maturity = 4.76%
Rate = Yield/2 = 2.38%
N = 12 = 12×2 semiannually = 24 semiannually
Face value = $1000
PMT = (face value*coupon rate)/2 = $25.4
Need to find price which is PV
Using the financial calculator, PV = $1022
Number of bonds to be issued = 30,000,000/1023 = 29,354
Hence, the Caspian sea issued 29,354 bonds.
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andy takes out a 10-year loan of l, which he repays by the amortization method at an annual effective interest rate of i . andy makes payments of 1000 at the end of each year. the total amount of interest repaid during the life of the loan is also equal to l. calculate the amount of interest repaid during the first year of the loan.
The amount of interest repaid by the amortization method during the first year of the loan was $755.
Loan amount = (Payment Amount) × a n|i
L = 1000a10|i
Total interest = sum of the payments - the amount of loan = (10)(1000) - 1000a10|i
a10i = 5, i = 15.1%
Interest in first year = 1000 (1 - v10) = 755
Amortization is an accounting technique that is used to reduce the book value of a loan or an intangible asset on a regular basis over a set period of time. When it comes to loans, amortization is the process of spreading out loan payments over time.
Amortization is commonly used to describe the process of reducing the value of a loan or an intangible asset.
Lenders, such as financial institutions, use amortization schedules to present a loan repayment schedule based on a specific maturity date.
According to the matching principle of generally accepted accounting principles, intangibles are amortized (expensed) over time to tie the cost of the asset to the revenues it generates.
Negative amortization occurs when loan payments are less than the accumulated interest, causing the borrower to owe more money rather than less.
Most accounting and spreadsheet software include functions for automatically calculating amortization.
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the turkish lira lost about 40 percent of its value against the u.s. dollar in the first part of 2018. which type of exchange rate system does turkey follow?
Turkey follows a floating exchange rate system.
A floating exchange rate mechanism is used in Turkey.
A currency system, also referred to as an exchange rate system, describes how the native currency's value is determined in respect to other currencies. A nation's economic plan must carefully consider the choice of its monetary system.
A country's currency's value is decided by the foreign exchange market based on supply and demand in relation to other currencies when it has a floating exchange rate. In contrast, a fixed exchange rate is one where the government controls the rate completely or substantially.
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tom's textiles shipped the wrong material to a customer, who refused to accept the order. upon receipt of the material, tom's would credit accounts receivable and debit:
A sales return is when a consumer actually returns inventory of goods for whatever reason.
The sales return account is a contra-sales account and is subtracted from the sales value to get net sales because it is a debit account. Since Tom’s Textiles tracked the sales, the return will be categorized as a sales return.The following entry was made in the journal for returned materials:Since the receipt of returned goods is documented, sales return A/C Dr To Account Receivable A/C.In order to accurately report the returned item, we simply debited the sales return account and credited the account receivable account.
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when a product is offered in a foreign market, but cultural differences slow down the diffusion process, it would most likely be attributed to low levels of
A product is offered in a foreign market, but cultural differences slow down the diffusion process, it would most likely be attributed to low levels of Compatibility.
An essential first step in adapting a product to a overseas marketplace is to decide the diploma of newness as perceived through the supposed marketplace. The that means and cost imputed to the mental attributes of a product can range amongst cultures and are perceived as bad or positive.Maturity is the height and the very best factor of the cycle. It's while the product reaches its most capability and income and starts to stabilize. That would not imply your income may not grow, you simply may not revel in the equal fast stages of increase as before.
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how would an economist describe concerns related to income distribution and foreign-owned public debt?
An economist would describe concerns related to income distribution and foreign-owned public debt as substantive.
The primary burden of the debt is interest payments. The distribution of income is affected by debt repayment. Income disparity will likely worsen if working taxpayers are required to pay interest to the bondholders, who are primarily wealthier groups. These concerns are referred by the economists as substantive issues.
Large debts and high interest rates can increase tax burdens and reduce taxpayer incentives to work, save, and invest because interest must be paid from tax revenues. More than in the past, a larger amount of the debt is owing to foreigners, which adds to the burden because payments must be sent outside of the country. However, the issue is mitigated by the fact that Americans also own international bonds.
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which of the following transactions is most likely to appear on a statement of net worth? select one. question 3 options: a. inheriting property other than cash b. employer contributions made to a retirement savings account c. appreciation in value of a primary residence d. all of the above
Inheriting property other than cash , employer contributions made to a retirement savings account , appreciation in value of a primary residence are most likely to appear on a statement of net worth.
What is net worth?
A person or institution's net worth is determined by deducting the value of all of its outstanding liabilities from the total value of all of its financial and non-financial assets. Net worth can alternatively be succinctly represented as non-financial assets plus net financial assets because financial assets minus outstanding obligations equal net financial assets. It can be applied to organizations, people, governments, or even entire nations. One example would be the financial sector.
Net worth is a combination of financial assets and liabilities. The financial assets that contribute to net worth are homes, vehicles, various types of bank accounts, money market accounts, and stocks and bonds.The liabilities are financial obligations such as loans, mortgage, accounts payable (AP) that deplete resources.
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which of the following statements are true? group of answer choices a bank's assets are its sources of funds. a bank's liabilities are its uses of funds. a bank's balance sheet shows that total assets equal total liabilities plus equity capital. a bank's balance sheet indicates whether or not the bank is profitable.
All of the statements are true. A bank's assets are its sources of funds.A bank's liabilities are its uses of funds.A bank's balance sheet shows that total assets equal total liabilities plus equity capital.
A bank balance sheet is a financial statement that shows the bank's assets, liabilities, and equity capital. The balance sheet is used to determine whether the bank is profitable. The assets of the bank are its sources of funds, and the liabilities of the bank are its uses of funds. The equity capital of the bank is the difference between the assets and the liabilities. The balance sheet shows that total assets equal total liabilities plus equity capital.
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valley spa purchased $9,000 in plumbing components from tubman company. valley spa signed a 60-day, 8% promissory note for $9,000. if the note is dishonored, but tubman intends to continue collection efforts, what is the journal entry made by tubman to record the dishonored note? (use 360 days a year.)
The journal entry made by Tubman to record the dishonored note is Debit accounts receivable-Valley spa $9,120, Credit interest revenue $120; credit notes receivable $9,000.
Journal Entry for dishonor of notes receivable:
Account title and explanation Debit Credit
Accounts receivable-Valley Spa $9,120
Interest revenue [$9,000 x 8% x (60/360)] $120
Notes receivable $9,000
A note receivable is a written agreement to pay a specific sum of money to another party on one or more dates in the future. The holder of the note views this as an asset. In order to give the debtor more time to pay, past-due accounts receivable are occasionally changed into notes receivable. These notes occasionally also include a personal guarantee from the debtor's owner.The party obligated to send money to the payee is known as the maker, and the party receiving payment under the terms of the note is known as the payee. The principle is the amount of the payment that is required, as specified in the terms of the note. On the date the note matures, the principal is to be paid.Learn more about Notes receivable, here
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the best supplier candidates for supplier relationship management (srm) include all of the following except? the best supplier candidates for supplier relationship management (srm) include all of the following except? suppliers that provide lesser quantities of a crucial products/services developmental suppliers that need to make improvements preferred suppliers suppliers that provide high volumes of products or services
The best supplies candidates for supplier relationship management include development supplier that need to make improvement
Alternatives A, B, and D will not be accepted as the right response since developmental suppliers are expanding companies looking to exert more influence in the industry and may do so in the near future. In light of all the available options, this may therefore be the best choice. Relationship management is a tactic used by organizations to keep their audience engaged on a regular basis. This management might take place between a company and its clients (B2C) or between a company and other companies (business to business [B2B])
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does vals make sense to you? what do you like or dislike about it? do you think it is a good marketing strategy?
For psychographic market segmentation, a proprietary research approach called VALS (Values and Lifestyle Survey) is employed.
Market segmentation is intended to help businesses adapt their goods and services to appeal to the customers most likely to make a purchase.
Arnold Mitchell, a social scientist and consumer futurist, and his colleagues at SRI International created ALS in 1978. Advertising agencies adopted it right once, and it is currently being sold as a product by SRI's consulting services section. The work of Harvard sociologist David Riesman and psychologist Abraham Maslow is heavily cited in VALS.
Researchers encountered some issues with the VALS method, so SRI created the VALS2 program in 1978. It was also significantly revised by SRI in 1989 in response to these issues.
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the support department costs allocated to producing departments are assigned to individual products through the use of a. departmental overhead rates. b. a direct material cost per unit. c. plantwide overhead rates. d. a direct labor rate per hour.
Departmental overhead rates are used to assign the support department expenses that are given to the producing departments for specific goods. The right response in this case is option A.
The cost rate for each department in a factory manufacturing process is known as the departmental overhead rate. When distinct departments carry out certain actions to accomplish the end process, the departmental overhead rate varies at each stage of the manufacturing process.
Divide the indirect expenses by the direct costs, then multiply the result by 100 to get the overhead rate. A 20% overhead rate indicates that 20% of sales are spent on the creation of goods or the provision of services. The efficiency and increased earnings are indicated by a decreased overhead rate.
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after helping the candy seller erect his stall in the plaza, to what realization did the shepherd boy come?
Santiago the shepherd boy comes to the realisation that the candy vendor chose his line of work because it fulfils his personal legend or makes him happy.
Who is Santiago ?In The Alchemist, Santiago, a shepherd lad from a tiny hamlet in Andalusia, takes the lead. He is driven, brash, and interested to discover as much as he can about the world.
While Santiago strains to kill the large fish because it is noble and beautiful, he also loves the sea for everything it has given him. Like the bullfighter and the bull, he establishes a bond with the fish based on what he believes to be mutual respect.
Santiago's character emerges throughout the novella as jovial, focused, assured, courageous, and upbeat. He has gone eighty-four days without catching a fish, yet he is in no way discouraged. Instead, he makes the decision to cast further offshore in the hopes of landing a big fish.
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precious has a 10-mile commute each morning that is usually a fairly pleasant 15-minute drive. next week, the highway department began a major construction project that will cause precious to experience delays, detours, and slowdowns during her commute for the next 6 months. her stressor would be considered
Her stressor would be considered a hassle. For six months, she will struggle because she has to change her route.
What is a stressor?A stressor is a chemical or biological agent, environmental factor, outside stimulation, or event that is thought to put an organism under a hassle condition. In terms of psychology, a stressor might be situations or occurrences that people may view as demanding, difficult, or endangering their personal safety.The following situations or things could cause a hassle response: external stressors (hypo or hyper-thermic temperatures, elevated sound levels, over-illumination, overcrowding) daily stress' incidents (e.g., traffic, lost keys, money, quality and quantity of physical activity) Changes in life (e.g., divorce, bereavement) Occupational stressors a stressors involving chemicals (e.g., tobacco, alcohol, drugs) stressor in societyTo learn more about stressor from the given link:
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a problem is listed below. identify its type. ted owns a small florist shop. since his business is booming, his realizes he will soon need one more delivery van. he decides he will purchase a full size van versus a minivan, which he currently owns. the van he is looking to buy in 3 years will cost him $33,000. how much should he invest each quarter into an account that pays 5% per year compounded quarterly, so that he can have the desired funds in 5 years? a) present value with compound interest b) amortization c) present value of an annuity d) sinking fund e) future value with compound interest f) none of the above.
The correct answer is D. This is a sinking fund problem. A sinking fund is a fund that is used to set aside money for future repairs or replacement of a capital asset.
The fund is established by making periodic deposits into the account, which grow over time and can be used when needed.A sinking fund is used to amortize or pay down a debt over time. This type of fund typically has a specific purpose, such as paying off a bond issue or funding future capital expenditures.The funds are typically invested in a way that will allow them to grow over time so that they will be sufficient to cover the future costs.
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28. the $50,000.00 elaine spent to permanently remove the poisonous mold is: a. punitive damages. b. general damages. c. special damages. d. liquidated damages.
The $50,000.00 Elaine spent to permanently remove poisonous mold is punitive damages.
What are punitive damages?Punitive damages, also known as exemplary damages or exemplary punishment, are financial penalties imposed on the defendant for egregious behavior and/or as a means of reforming or discouraging future such behavior by the defendant and others. Such behavior was the reason for the litigation. In cases where compensatory damages are thought to be insufficient, punitive damages are frequently granted. The court may impose them to stop underpayment of plaintiffs, to allow remedy for hidden torts, and to lessen the burden on the criminal judicial system. Punitive damages are crucial in cases of legally challenging violations. Punitive damages awarded by legal systems that recognize them, however, might be challenging to enforce in jurisdictions that do not.
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the western capital growth mutual fund has: total assets $ 837,000,000 total liabilities $ 20,200,000 total number of shares 40,000,000 what is the fund's net asset value (nav) per share?
The fund's net asset value (nav) per share is 30.95 net asset value.
What is the net asset value?When a bank's price is provided by a trader or online financial portal, the net asset value for a share (NAVPS) of vehicle is also provided. Although NAVPS is determined only once each day, and the worth of the property acquired by a company may alter each day, this number is different from the firm's market price.
Total assets are $ 837,000,000
Total liabilities are $ 20,200,000
The total number of shares is 40,000,000
The net asset value formula is computed as
Net asset value = (assets - liabilities) / total shares
= (750,000,000 - 7,200,000) / 24,000,000
= 30.95 net asset value
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