assumptions: initial cost: $150,000 salvage value: $25,000 expected life: 10 years what is the annual depreciation expense?

The type of mortgage that usually involves more paperwork and takes more time to qualify is a government-backed mortgage.

This is because government-backed mortgages, such as FHA (Federal Housing Administration) loans and VA (Veterans Affairs) loans, have more stringent requirements for borrowers to meet. These requirements include minimum credit scores, debt-to-income ratios, and down payments. Additionally, these loans often require more documentation to be provided during the application process, such as proof of income and employment history.

However, government-backed mortgages can also offer more favorable terms and lower down payment requirements for eligible borrowers.

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The price variance is unfavorable, while the efficiency variance is favorable. So, the correct answer is D. vn.

Given the information provided for Brennar Co., we can determine the direct manufacturing labor variances as follows:

Price variance = (Actual Rate per Hour - Standard Rate per Hour) x Actual Hours Worked

Price variance = ($23 - $18) x 300 = $1,500

Efficiency variance = (Actual Hours Worked - Standard Hours) x Standard Rate per

Hour Efficiency variance = (300 - 325) x $18 = -$450

Since the price variance is positive ($1,500), it indicates that the actual rate per hour is higher than the standard rate, making it unfavorable.

On the other hand, the efficiency variance is negative (-$450), meaning that the actual hours worked were less than the standard hours, making it favorable.

Therefore, the correct answer is: D. The price variance is unfavorable, while the efficiency variance is favorable.

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The correct answer to your question is A. The excess capacity theorem states that in equilibrium, a monopolistically competitive firm will produce an output smaller than the one that would minimize its unit costs of production.

This is because monopolistically competitive firms need to differentiate their products in order to stand out from their competitors, which leads to higher costs of production. Therefore, they must accept lower output levels and higher prices in order to maintain their market power.

This trade-off between product differentiation and lower output levels is a characteristic feature of monopolistically competitive markets.

The excess capacity theorem suggests that monopolistically competitive firms operate with excess capacity, which means they are not producing at the lowest possible cost.

This excess capacity can be seen as a form of inefficiency in the market, as resources are not being used to their full potential. However, it is important to note that this excess capacity is a result of the market structure itself and is not a failure of the individual firms.

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The answer you will obtain 2000 Russian rubles for your euros.

To find the Russian ruble to euro cross rate, we need to use the spot rates for both RUB/USD and INR/USD. First, we need to convert the RUB/USD rate to RUB/EUR. We can do this by dividing 1 by the RUB/USD rate:1 / 1.1280 = 0.8873This means that 1 euro is equal to 0.8873 Russian rubles.Next, we need to convert the INR/USD rate to INR/EUR. We can do this by multiplying the INR/USD rate by the EUR/USD rate (which we can find by dividing 1 by the USD/EUR rate):62.40 * (1/1.1280) = 55.36This means that 1 euro is equal to 55.36 Indian rupees.Finally, we can use these two cross rates to find the RUB/EUR rate.

We can do this by dividing the RUB/USD rate bythe INR/USD rate, and then multiplying by the INR/EUR rate:(1.1280 / 62.40) * 55.36 = 1.00So the Russian ruble to euro cross rate is 1.00 RUB/EUR.To find out how many Russian rubles you will obtain for your euros, we simply need to multiply the amount of euros (2000) by the RUB/EUR cross rate (1.00):2000 * 1.00 = 2000So you will obtain 2000 Russian rubles for your euros.

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C. 8.92%. The stock market return is calculated by subtracting the risk-free rate from the risk premium. In this case, the risk premium is 6.48 percent and the risk-free rate is 2.44 percent.

Thus, the stock market return is calculated by subtracting the risk-free rate from the risk premium, which results in 8.92 percent.

This calculation is important for investors in order to understand how much return they can expect on their investments. The risk premium is the difference between the expected return on a security or portfolio and the risk-free rate.

The higher the risk premium, the higher the expected return. The risk-free rate is the rate of return on a security that has no risk of default. By subtracting the risk-free rate from the risk premium, investors can calculate the expected return on their investments.

In conclusion, the stock market return in this case is 8.92 percent, which is calculated by subtracting the risk-free rate of 2.44 percent from the risk premium of 6.48 percent. This calculation is important for investors to understand how much return they can expect on their investments.

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The weighted percentage change is 28.89%

If To calculate the percentage change in price for each good, we use the formula: Percentage Change = [(New Price - Old Price) / Old Price] * 100

Tennis balls:

Percentage Change = [(4 - 2) / 2] * 100 = 100%

Golf balls:

Percentage Change = [(5 - 4) / 4] * 100 = 25%

Bottles of Gatorade:

Percentage Change = [(3 - 2) / 2] * 100 = 50%

To calculate the percentage change in the overall price level, similar to the CPI method, we use a weighted average:

Weighted Percentage Change = Σ (Weight * Percentage Change)

Weights are determined by the quantities of goods consumed in the base year (2020).

Weighted Percentage Change = (100 * 100% + 50 * 25% + 300 * 50%) / (100 + 50 + 300) = (10000 + 1250 + 15000) / 450 = 28.89%

If you were to learn that a bottle of Gatorade increased in size from 2020 to 2021, that information would raise your estimation of the inflation rate. False.

If the bottle size increased, it means that consumers are getting more value for their money, so the increase in the price might be justified, and the inflation rate estimation would not necessarily be higher.

If you were to learn that Gatorade introduced new flavors in 2021, that would imply that the inflation rate you estimated is understated. False.

The introduction of new flavors does not directly affect the price change calculation or the inflation rate estimation. Inflation focuses on price changes, not product variety or improvements.

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The  incentive for FIFA to expand to other countries was c. gain access to consumers in emerging markets

An emerging market is a market in a developed country that is expanding and becoming increasingly integrated with global markets. Due to the fact that it enables them to identify every consumer in the market, emerging market multinationals place a strong emphasis on every level of market segment.

Gaining access to customers in emerging areas was perhaps FIFA's motivation for international expansion. The worldwide governing body of association football, FIFA, might attract a larger audience by expanding into new nations and tapping into new markets. Increased money from sponsorships, TV rights, retail sales, and other sources could result from this.

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The expected stock price of Hotman Clothes in one year is $31.06 per share. The required return is 10.98%.

Using the Gordon Growth Model, we can calculate the expected stock price as follows:

Expected Stock Price = (Dividend per share next year) / (Required Return - Dividend Growth Rate)

Dividend per share next year = Dividend per share this year x (1 + Dividend Growth Rate)

Dividend per share next year = $3.50 x (1 + 0.08) = $3.78

Expected Stock Price = $3.78 / (0.1098 - 0.08) = $31.06 per share (rounded to the nearest cent)

To calculate the required return, we can use the Capital Asset Pricing Model (CAPM):

Required Return = Risk-Free Rate + Beta x (Market Return - Risk-Free Rate)

Assuming a risk-free rate of 2% and a market return of 9%, and assuming a beta of 1 (since the question does not provide a specific beta), we get:

Required Return = 0.02 + 1 x (0.09 - 0.02) = 10.98% (rounded to two decimal places).

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There are several economic reasons why the provision of education should not be solely left to private markets, but rather involve public provision.

Two key reasons are:

1. Market failures: Education is subject to several market failures that can hinder its efficient provision through private markets. One of the main market failures in education is the presence of externalities.

Positive externalities occur when the benefits of education spill over to society beyond the individual receiving education. For example, an educated workforce can contribute to a more productive and innovative economy, resulting in higher economic growth and societal well-being. These positive externalities are not fully captured by the individuals or firms investing in education, leading to underinvestment in education in a purely private market system. Public provision of education can help address this market failure by ensuring that education is accessible to all members of society, and that the positive externalities of education are taken into account in resource allocation decisions.

Another market failure in education is information asymmetry. Students and families may not have complete information about the quality or value of education, making it difficult for them to make informed choices in a purely private market system. This can lead to adverse selection and moral hazard problems, where students may choose low-quality or inadequate education or engage in risky behaviors due to incomplete information. Public provision of education can help mitigate these information asymmetry issues by setting minimum standards, ensuring quality control, and providing reliable information to students and families about the education options available, thus improving overall education outcomes.

2. Equity and social welfare considerations: Education is considered a fundamental human right and plays a critical role in promoting social mobility, reducing inequality, and fostering social cohesion. However, in a purely private market system, access to education may be limited to those who can afford to pay, leading to unequal opportunities for education and exacerbating socioeconomic disparities. Public provision of education can help ensure that education is accessible to all members of society, regardless of their socio-economic background, by providing free or subsidized education, scholarships, and other mechanisms to support those who may face financial constraints. This can promote equity, enhance social welfare, and contribute to a more inclusive and cohesive society.

Moreover, public provision of education can also help address issues of market concentration and monopolistic tendencies that may arise in private markets, where a few dominant players can control the supply, quality, and pricing of education services, leading to reduced competition and potential exploitation of consumers. Public provision of education can ensure that education services are provided in a competitive and fair manner, with adequate regulations and oversight to protect the interests of students, families, and society at large.

In summary, the public provision of education can address market failures, promote equity, and ensure social welfare considerations are taken into account, which may not be fully achieved in a purely private market system. By providing access to education for all members of society, ensuring quality control, and mitigating information asymmetry, public provision of education can contribute to the overall well-being and development of individuals and society.

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The theory proposes that most factors which contribute to job satisfaction are motivators (achievement, recognition, the satisfaction of the work itself, responsibility and opportunities for advancement and growth) and most factors which contribute to job dissatisfaction are hygiene elements (company policy, general )

What is meant by Herzbergs theory?

According to Herzberg's theory of motivation, job content refers to the actual tasks, duties, and responsibilities of a job. This includes factors such as the level of challenge, creativity, and autonomy that an individual has in performing their work. In practical terms, job content could include the opportunity for employees to take on new projects, to work independently, or to have a say in the direction of their work.On the other hand, job context refers to the environment in which the work is performed. This includes factors such as the physical conditions of the workplace, the relationships between colleagues, and the level of support and resources available to employees. In practical terms, job context could include aspects such as the quality of the workplace facilities, the amount of training and development opportunities provided, and the level of collaboration and teamwork encouraged within the organization.Herzberg argued that job content factors were more likely to be motivators for employees, whereas job context factors were more likely to be hygiene factors that could prevent dissatisfaction but did not necessarily lead to motivation. Therefore, to create a motivating work environment, it is important for organizations to focus on providing challenging and meaningful job content, while also ensuring that the job context is supportive and conducive to positive work experiences.

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The form of damages is intended to give the victim of the breach of contract the "benefit of his bargain" is "compensatory damages". The correct option is C.

The compensatory damages are reflected the intended to compensate the injured party for the actual losses suffered as a result of the breach of contract.

In breached contract, "benefit of the bargain" refers to the value of the promised performance that was not received due to the breach.

Compensatory damages are calculated based on this value and may include the cost of replacing the goods or services promised under the contract, lost profits or revenue, and so on.

Therefore, the correct option is C.

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Answer: b. TRUE. A relation is said to be in third normal form when it is in second normal form and there are no transitive dependencies between two or more non-primary key attributes.

Transitive dependencies are those where one non-primary key attribute determines another non-primary key attribute, which in turn determines another non-primary key attribute. This means that the non-primary key attributes are not functionally dependent on the primary key.

That is, any non-primary key attribute should not be able to be determined by any other non-primary key attribute. Third normal form helps to reduce data redundancy and improve data integrity. It ensures that data is stored in the most efficient and effective way.

It also ensures the data is stored in a way that allows for the most efficient retrieval of data. In summary, third normal form is essential for ensuring data accuracy and avoiding data redundancy.

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Wc's book-tax difference associated with its DRD is $30,000. This difference is favorable and permanent, as the DRD is treated as a permanent reduction in taxable income.

DRD stands for Dual Rate Downdrift, which is a technique used in the construction industry where a building is constructed with a slightly lower elevation at the top than the bottom. This allows for a gradual, uniform displacement of the building, making it more stable in seismic activity. The technique is also used as a form of earthquake protection because it reduces the risk of major structural damage should an earthquake occur.

Wc's deductible dividends-received deduction (DRD) in this situation is $30,000 ($200,000 x 15%). This reduces Wc's taxable income (without the dividend income or the DRD) from $10,000 to $(20,000).

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The expected value of unit sales for the new product is 52.5, which is calculated by multiplying the possible levels of unit sales (35, 45, 60, 70) by their respective probabilities (20%, 20%, 30%, 30%) and summing the results.

The standard deviation of unit sales is 13.31, which is calculated by taking the square root of the sum of the squares of the differences between each possible level of unit sales and the expected value, divided by the number of possible levels (4).

The expected value provides us with an average of the potential outcomes of the introduction of the new product, while the standard deviation gives us an indication of how much variation exists in the potential outcomes.

In other words, the standard deviation helps us to understand how the potential outcomes are spread out and how likely it is that the actual outcome will be close to the expected value.

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Short interest is a measure of how many investors are betting against a particular stock. A high short interest indicates that there are many investors who believe the stock will decline in value, while a low short interest indicates that there are fewer investors betting against the stock.

Some stocks that may have high short interest are those that are overvalued or experiencing financial difficulties, while stocks that are undervalued or have a strong financial position may have low short interest.

It is theoretically possible for short interest to exceed 100% of shares outstanding if multiple investors have shorted more shares than actually exist in the market. However, this is rare and may result in a "short squeeze" where investors scramble to cover their short positions, driving up the stock price.

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The missing cash flow in year 3 is approximately $25,315.21.

To find the missing cash flow in year 3, we'll first calculate the present value of the cash flows for years 1 and 2, and then subtract them from the combined present value of $80,000.

Finally, we'll find the future value of the remaining amount.

Year 1 cash flow:

PV = FV / (1 + r)! PV1 = $43,000 / (1 + 0.07)¹= $43,000 / 1.07 ≈ $40,186.92

Year 2 cash flow:

PV2 = $21,000 / (1 + 0.07)² = $21,000 / 1.1449 ≈ $18,333.90

Combined present value of years 1 and 2:

PV12 = PV1 + PV2 = $40,186.92 + $18,333.90 ≈ $58,520.82

Remaining present value for year 3:

PV3 = $80,000 - $58,520.82 = $21,479.18

Now, calculate the missing cash flow's value in year 3:

FV3 = PV3 * (1 + r)!

FV3 = $21,479.18 × (1 + 0.07)³ ≈ $25,315.21

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a. No, based on static analysis, the company should not go ahead with the investment.

b. Yes, based on the new information, the company should go ahead with the investment.

c. The present value of the option to expand is $4,085,332.

a. NPV = PV(expected cash inflows) - initial investment = -$1,748,800, therefore the company should not go ahead with the investment based on static analysis.

Therefore, the company should not go ahead with the investment based on the static analysis.

b. NPV of initial project = -$1,748,800, the present value of the option to expand = $23,221,915

Therefore EPV = -$1,748,800 + $23,221,915 = $21,473,115, and the company should go ahead with the investment based on the option to expand.

c. Present value of option to expand = PV(cash flows if expansion pursued) - PV(cash flows if expansion not pursued) = $4,085,332.

Therefore, the present value is $4,085,332.

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When the exchange rate depreciates in the short run and then appreciates to its original level in the long run, it implies that the foreign money supply has increased in the short run and then decreased back to its original level in the long run.

This can be due to factors such as changes in interest rates, inflation rates, or political instability in the foreign country.

However, in the long run, market forces tend to bring the exchange rate back to its original level.

It is important to note that changes in the exchange rate can have significant impacts on international trade, investment, and economic growth.

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a. Total float: $47,500

b. Average daily float: $1,583.33

C-1. Average daily receipts: $573.33

C-2. Weighted average delay: 2.76 days

To calculate the total float, we add up the time it takes for both checks to clear: 3 days + 2 days = 5 days. We then multiply this by the total amount of the checks: $17,200 * 5 = $47,500.

To calculate the average daily float, we divide the total float by the number of days in a month: $47,500 / 30 = $1,583.33.

To calculate the average daily receipts, we divide the total amount of the checks by the number of days in a month: $17,200 / 30 = $573.33.

To calculate the weighted average delay, we multiply the time it takes for each check to clear by the amount of the check, add these up, and divide by the total amount of the checks: (3 days * $13,100 + 2 days * $4,100) / $17,200 = 2.76 days.

In summary, the total float for the month is $47,500, the average daily float is $1,583.33, the average daily receipts is $573.33, and the weighted average delay is 2.76 days. These calculations are important for businesses to manage their cash flow and plan for expenses and investments.

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The selected principle is maintaining confidentiality in the professional field. In my own words, confidentiality means protecting sensitive information by ensuring it is only disclosed to authorized individuals.

This principle brings value to practitioners, businesses, and clients by fostering trust, protecting privacy, and ensuring compliance with legal and ethical standards.

Appropriate practice of maintaining confidentiality in the field would involve handling sensitive information with care, using secure communication methods, and being mindful of discussing confidential matters only with relevant parties.

Additionally, professionals should be knowledgeable about confidentiality laws and guidelines in their industry to ensure compliance.

A potential violation of the confidentiality principle may include sharing sensitive information without the client's consent, discussing confidential matters in public spaces, or improperly securing data, which could lead to unauthorized access.

A difficult situation that a practitioner may face related to maintaining confidentiality could involve receiving a request to disclose information by someone claiming to be authorized, but without proper verification.

An ethical response to this situation would be to verify the individual's identity and authority before disclosing any sensitive information.

If verification is not possible, the practitioner should deny the request and seek guidance from a supervisor or legal counsel.

A practitioner might be tempted to or accidentally not take an ethical course of action due to various reasons, such as time pressure, perceived harmlessness of the action, or lack of awareness of ethical guidelines.

To avoid this, practitioners should regularly review ethical guidelines, seek training, and remain vigilant about maintaining confidentiality in their professional practice.

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If Dungeoness Corp. pays a cash dividend its dividend per share will be $13.33.  After the dividend is paid Price per share will be $26.67
The Earnings per share (EPS) is $0.90 and Price-earnings (P/E) ratio = $29.63

We'll calculate the dividend per share, price per share, earnings per share (EPS), and price-earnings (P/E) ratio for Dungeness Corporation.

1. Dividend per share:
Excess cash to be distributed = $2,800
Shares outstanding = 210
Dividend per share = Excess cash / Shares Outstanding
Dividend per share = $2,800 / 210 = $13.33

2. Price per share after the dividend is paid:
Current stock price = $40 per share
Dividend per share = $13.33
Price per share after dividend = Current stock price - Dividend per share
Price per share after dividend = $40 - $13.33 = $26.67

3. Earnings per share (EPS):
Current earnings = $0.90 per share
EPS remains unchanged after paying a cash dividend, so:
Earnings per share (EPS) = $0.90

4. Price-earnings (P/E) ratio:
P/E ratio = Price per share after dividend / Earnings per share
P/E ratio = $26.67 / $0.90 = 29.63

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Answer: six courses minimum  

The NPV of this opportunity is $271.52. NPV represents the difference between the present value of cash inflows and the present value of cash outflows.

To calculate the NPV (Net Present Value) of the investment opportunity, we need to discount the cash flows to their present values using the given interest rate of 1.9%.

First, let's calculate the present value of the cash inflows:

PV(CF1) = $4,360 / (1 + 1.9%)^1 = $4,277.60

PV(CF2) = $4,360 / (1 + 1.9%)^2 = $4,197.10

PV(CF3) = $4,360 / (1 + 1.9%)^3 = $4,117.12

The initial investment of $1,090 also needs to be discounted to its present value:

PV(CF0) = -$1,090 / (1 + 1.9%)^0 = -$1,090

The additional investment of $5,450 at the end of the second year needs to be discounted to its present value as well:

PV(CF2) = -$5,450 / (1 + 1.9%)^2 = -$5,310.10

Now, we can calculate the NPV of the investment opportunity by summing up the present values of the cash flows:

NPV = PV(CF0) + PV(CF1) + PV(CF2) + PV(CF3)

NPV = -$1,090 + $4,277.60 + $4,197.10 + $4,117.12 + (-$5,310.10)

NPV = $271.52

The NPV of the investment opportunity is positive, which indicates that the investment is expected to generate a return greater than the required rate of return. Therefore, Marian should take this opportunity.

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The PVGO is $174 minus $6, which is $180, and $174 is the required return at 5%.

PVGO stands for "Present Value of Growth Opportunities". It is a measure of the value of a company's future growth prospects, which is not captured by its current assets and earnings. To calculate the PVGO, you need to subtract the value of the company's current assets and earnings from its current stock price.

In this case, the expected earnings per share are $6, and the required return is 5%. Therefore, the current P/E ratio (Price-to-Earnings) is 30 ($180 / $6). Assuming that this P/E ratio is sustainable, we can estimate the value of the current earnings to be $180 / 30 = $6 per share.

Now, to estimate the PVGO, we need to subtract the current earnings value from the current stock price. Therefore, the PVGO is $180 - $6 = $174.

In conclusion, the most likely value of PVGO for a stock with a current price of $180, expected earnings of $6 per share, and a required return of 5% is $174.

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To calculate the current market price of the bond, we can use the bond valuation formula:

Bond Price = (C / (1 + r/n)^nt) + (FV / (1 + r/n)^nt)

Where:

C = the semiannual coupon payment

r = the yield to maturity, expressed as a decimal

n = the number of coupon payments per year

t = the number of years until maturity

FV = the face value of the bond

Plugging in the given values:

C = 0.09 x $1,000 / 2 = $45

r = 0.10

n = 2

t = 12

FV = $1,000

Bond Price = ($45 / (1 + 0.10/2)^(212)) + ($1,000 / (1 + 0.10/2)^(212))

Bond Price = ($45 / 1.100566^24) + ($1,000 / 1.100566^24)

Bond Price = $383.76 + $314.20

Bond Price = $697.96

Therefore, "the current market price of the bond is $697.96...

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The statement "The main advantage of the chargeback funding approach is the perceived fairness and accountability it creates for both users and IS functions" is true. The chargeback funding approach refers to a method where users of Information Systems (IS) services are billed for the specific resources and services they consume.

This approach promotes fairness and accountability in several ways:

1. Transparency: By allocating costs based on actual usage, users can see how their actions impact the overall IS budget. This increased visibility encourages the responsible use of resources.

2. Cost allocation: The chargeback model ensures that users pay for the services they utilize, which leads to a more equitable distribution of expenses among different departments or business units.

3. Incentive for efficiency: With the chargeback approach, users are motivated to use IS resources more efficiently, as they are directly responsible for the costs associated with their usage.

4. Better resource management: The IS functions can allocate resources more effectively based on the usage patterns of different users or departments, resulting in better resource management and cost control.

5. Encouraging collaboration: Since the chargeback model highlights the cost of using IS resources, users may be more inclined to collaborate with the IS functions to optimize the use of resources and find cost-effective solutions.

In summary, the chargeback funding approach creates a sense of fairness and accountability for both users and IS functions by promoting transparency, equitable cost allocation, resource efficiency, and collaboration.

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The main focus of ethics audits is to assess and report on a firm's performance in terms of ethical issues.

Unlike social reports, which cover a broader range of social responsibility issues, ethics audits have a narrower focus on the ethical performance of a firm. Ethics audits evaluate a company's behavior and decision-making processes against a set of ethical standards and principles, such as honesty, integrity, and fairness.

An ethics audit typically involves a review of a company's policies and procedures, as well as its actual practices and behaviors, to identify areas of potential ethical concern. The audit may also include interviews with employees and stakeholders to gather additional information and insights. The findings of an ethics audit are typically summarized in a report, which identifies areas of strength as well as areas for improvement, and provides recommendations for addressing any identified ethical issues.

Overall, the goal of an ethics audit is to help a company ensure that its actions and decisions align with ethical principles and standards, and to promote a culture of integrity and ethical behavior within the organization.

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Market failures occur when the competitive market system under- or overallocates resources to the production of goods. This means that the market is not able to efficiently allocate resources among competing uses, resulting in either an undersupply or oversupply of goods and services.

There are several types of market failures, including externalities (where the actions of one party affect the well-being of another party), public goods (where the benefits of the good cannot be restricted to those who pay for it), and imperfect competition (where there is not enough competition to ensure that prices reflect the true costs of production).

Price floors and ceilings set by the government can also lead to market failures if they distort the market by preventing prices from reflecting the true supply and demand conditions. However, this is not the only cause of market failures.

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The Clark's share price after the repurchase is $30 per share, Clark's share price after this realization is $32.2 per share and  the current share price be $32 per share.

A) Current market value: of Clark Industries = No. of shares outstanding X Current share price

= 200 million X $30

= $ 6000 million

Value of Clark Industries after repurchase = $ 6000 million - $ 600 million

= $5,400 million

No. of share repurchase = Cash distributed / market price per share

= $ 600 million/ $30 = 20 million

No. of share outstanding after repurchase = ( 200 million -  20 million)

= 180 million

Share price after repurchase = (Value of Clark Industries after repurchase) / (No. of share outstanding after repurchase)

= $5,400 million / 180 million

= $30 per share

B) Value of Clark Industries after information received =  Value of Clark Industries before information received + increase in valuation

= $5,400 million + $400 million

= $5,800 million

The share price of Clark Industries after information received = (Value of Clark Industries after information received) / (No. of share outstanding)

= $5,800 million / 180 million

= $32.2222 per share

C) Valuation of Clark Industries after information disclosed and before repurchase =  $ 6000 million + $ 400 million

=$ 6400 million

now share price per share = $ 6400 million / 200 million

= $ 32 per share

No. of share repurchase = Cash distributed / market price per share

= $ 600 million/ $32 = 18.75 million

No. of share outstanding after repurchase = ( 200 million -  18.75 million)

= 181.25 million

Share price after repurchase = (Value of Clark Industries after repurchase) / (No. of share outstanding after repurchase)

= $(6,400 - $600) million / 181.25 million

= $32 per share.

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