I'd say 12/16 is the answer
Answer:
1.7900 shares
2.7300 shares
3.$22.95
4.$59
5.$6,300
6.$10.50
7.$791,000
Explanation:
The number of preferred shares=total par value of preferred shares issued/par value=$165,900/$21=7900 shares
The number of preferred shares outstanding is issued shares minus treasury stock=7900 shares-600 shares=7,300 shares
average issue price of preferred stock=(total par value+additional paid capital)/issued shares=($165,900+$15,400)/7900=$22.95
Average issue price of common stock==common stock amount/issued shares=$590,000/10000=$59
The treasury stock decreases stockholders' equity by the amount paid to repurchase the shares which is $6,300
Treasury stock cost $ per share=cost of treasury cost/number of treasury stock=$6300/600=$10.50
Total stockholders' equity in $=preferred stock+preferred stock additional paid in capital+common stock+retained earnings -treasury stock
Total stockholders' equity in $=165,900+15,400+590,000+26000-6300=$791,000
Answer: The GDP deflator
Explanation: The GDP(gross domestic product) deflator is a price index that is used to measure the prices of all the goods and services produced within an economy. The cars which are exported by General Motors are produced domestically within the United States of America and exported outside the country.
Any goods produced externally are not considered when determining the GDP deflator.
Answer:
They both produced the same cash amount
Explanation:
The regular retirement would have its deducted after withdrawal from the plan while Roth retirement plan's tax would have been deducted prior to investing funds in the plan
The future value of the $2000 is computed thus:
FV=PV*(1+r)^n
PV is the amount saved in the plan which is $2000
r is the growth rate of the funds in the plan which is 12%
n is the number of years the amount would be left in the plan
FV=$2000*(1+12%)^20=$ 19,292.59
After tax amount=$ 19,292.59*(1-28%)=$ 13,890.66
The future value of the $1,440 is computed thus:
FV=$1,440*(1+12%)^20=$ 13,890.66
The Roth plan has not tax implication thereafter as tax was paid before savings.
