A firm has $75 million of assets that includes $12 million of cash and 25 million shares outstanding. If the firm uses $12 million of cash to repurchase shares, what is the new price per share?

A) $2.40
B) $1.50
C) $3.00
D) $6.00

Answer: C

Business

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Patrick, an employee at Jones Inc., was unhappy with the firm's existing project management system. Hence, he communicated this to the top management by expressing his complaints in an e-mail. According to the work of the philosopher Immanuel Kant, Patrick applied his right of _____.

A. freedom of conscience B. first refusal C. freedom of speech D. privacy E. free consent

Business

In order to facilitate acceptance for the project, the project team should start planning for the project's transfer and use during:

A) The project development phase. B) The project termination phase. C) The project close-out phase. D) The project work phase.

Business