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julia-pushkina [17]
1 year ago
12

What change in the book value of the company's equity took place at the end of ?

Business
1 answer:
Dmitriy789 [7]1 year ago
5 0

What change in the book value of the company's equity took place at the end of previous year, and was negative.

The book value of equity decreased by $2.094 billion compared with that at the end of previous year, and was negative.  Change in book value = 1638+456 = 2094 billion

What is book value of equity?

The amount of money left over after a company's assets have been liquidated and any outstanding debts have been settled using the profits from the sale is known as the book value of equity, or "Shareholders' Equity."

Therefore,

The book value of equity decreased by $2.094 billion compared with that at the end of previous year, and was negative.  Change in book value = 1638+456 = 2094 billion

To learn more about book value of equity from the given link;

brainly.com/question/20596921

#SPJ4

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Sportly, Inc. completed Job No. B14 during 2011. The job cost sheet listed the following: Direct materials $44,000 Direct labor
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Based on the direct materials, the direct labor, and the manufacturing overhead, the cost of finished goods on hand is $33,600.

<h3>What is the cost of finished goods on hand for this job?</h3><h3 />

Cost of goods on hand is:

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Cost of goods per unit is:
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Cost of goods on hand:

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2 years ago
After WWII, which synthetic fabric began appearing in casual clothing?
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Allen Lumber Company had earnings after taxes of $630,000 in the year 2009 with 370,000 shares outstanding on December 31, 2009.
Firdavs [7]

Answer:

$2.00

Explanation:

Since there was an increase of 30% from 2009, Allen Lumber Company's earnings after taxes for 2010 were:

E= 1.30*\$630,000\\E=\$819,000

The total number of shares in 2010 was:

n=370,000+39,000\\n=409,000

Earnings per share for 2010 are determined by dividing total earnings by the number of shares:

E_S=\frac{\$819,000}{409,000}\\E_S=\$2.00

Earnings per share for the year 2010 were $2.00.

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3 years ago
Chris purchased a 10 year 100 par value bond where 6% coupons are paid semiannually. Cheryl purchased a 100 par value bond where
WITCHER [35]

Answer:

Chris paid $109.68 for his bond. Since he paid a premium for the bond, the YTM is lower than the coupon rate.

Explanation:

yield of Cheryl's bond is 6% since she purchased it at par and the bond's coupon is 6%

if Chris's bond yields 80% of Cheryl's, it will yield 6% x 0.8 = 4.8%

we can use the approximate yield to maturity formula to find the market price of Chris's bond:

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0.024 x [(100 + MV)/2] = 3 + [(100 - MV)/20]

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1.2 + 0.012MV = 8 - 0.05MV

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MV = 6.8 / 0.062 = 109.68

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