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Question - Oxford Inc. was authorized to issue 200,000 £10 par value ordinary shares. As of December 31, 2020, the company had issued 98,000 shares at an average price of £22 per share. During 2020, the company felt that the shares were undervalued so it purchased 25,000 treasury shares at £18 per share. When the share price rebounded later in the year, the company sold 17,000 of the treasury for £25. Retained earnings was £829,000 at December 31, 2020.
As of December 31, 2020, find the number of outstanding ordinary shares?
A. 200,000
B. 115,000
C. 90,000
D. 76,000
Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest. How much control does the Fed have over this longer real rate?
Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.
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Prepare the bank reconciliation for company.
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Simple Interest, Compound interest, discount rate, force of interest, AV, PV
CAPM and Venture Capital
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