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Mandarinka [93]
3 years ago
7

Which of the following would not be used to create a personal balance sheet?

Business
1 answer:
My name is Ann [436]3 years ago
4 0
The right answer for the question that is being asked and shown above is that: "b. Personal financial management software" Among the choices that would not be used to create a personal balance sheet is that <span>b. Personal financial management software</span>
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Answer: $7.50

Explanation:

Given that,

Total value = $950 million

Accounts payable = $100 million

Notes payable = $100 million

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common equity = $200 million

shares of common stock = 100 million

Value of equity = Value of firm - Value of preferred stock - Value of long term debt.

                         = $950 million - 0 - $200 million

                         = $750 million

Value\ of\ stock = \frac{Value\ of\ equity}{Number\ of\ shares}

Value\ of\ stock = \frac{750}{100}

                                 = $7.50

                     

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Answer:

The correct answer is (C)

Explanation:

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3 years ago
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Answer:

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This can be calculated as follows:

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