Question 7. the corporate charter of gagne corporation allows the issuance of a maximum of 100,000 shares of common stock. during its first 2 years of operation, gagne sold 70,000 shares to shareholders and reacquired 4,000 of these shares. after these transactions, how many shares are authorized, issued, and outstanding?

Assume that a local bank sells two services, checking accounts and atm card services. the bank’s only two customers are mr. donethat and ms. beenthere. mr. donethat is willing to pay $8 a month for the bank to service his checking account and $2 a month for unlimited use of his atm card. ms. beenthere is willing to pay only $5 for a checking account, but is willing to pay $9 for unlimited use of her atm card. assume that the bank can provide each of these services at zero marginal cost. refer to scenario 17-5. if the bank is unable to use tying, what is the profit-maximizing price to charge for a checking account