Answer:
$22
Explanation:
Total common equity = $2,050,000
Net income = $250,000
Dividends = $100,000
Stock outstanding = 100,000 shares
Book value per share:
= (Beginning common equity + Net income - Dividend) ÷ Number of shares
= ($2,050,000 + $250,000 - $100,000) ÷ 100,000
= $2,200,000 ÷ 100,000
= $22
Hence, the ending book value per share is $22.
Auto insurance: because if you crash your car it could be really expensive to pay for it yourself so thats why thats important.
Life insurance: Is if you die and the family you leave behind is dependent on your pay check. So they help keep your pay check coming in for your family.
Health Insurance: If you so suddenly need a surgery this insurance will help you pay for it instead of you taking out all of your money in order to help with your emergency.
The answer to this would be the 4th option. Because monopolies allow businesses to compete against each other for profit and reputation. Without monopolies, people would only choose one company over the other because it just is more superior. Monopolies is what make businesses grow, and unfortunately, they aren't a good thing at times.
