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Gekata [30.6K]
3 years ago
11

May, Inc. had the following transactions in 2019, its first year of operations: Issued 22,000 shares of common stock. The stock

has par value of $2.00 per share and was issued at $15.00 per share. Issued 1,800 shares of $120.00 par value preferred stock at par. .Earned net income of $38,000. Paid no dividends. At the end of 2019, what is the total amount of paid- in capital? OA. $546,000 O B. $584,000 O C. $260,000 OD, $330,000
Business
1 answer:
tatuchka [14]3 years ago
6 0

Answer:

The amount of paid-in capital        $

Common stocks (22,000 x $2)      44,000

Preferred stocks (1,800 x $120)     216,000

Amount of paid-in capital               260,000

The correct answer is C

Explanation:

The amount of paid-in capital is the total of paid-in capital of common stocks and paid-in capital of preferred stocks. The paid-in capital of each stock is computed as number of stock multiplied by par value of each stock.

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4 years ago
2 annual dividend on its common stock. The dividend is expected to increase at 6% per year indefinitely. If the required rate of
mixer [17]

Solution:

Given,

R= 16%

g= 8%

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D1= 2.16

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P0= $27

A value stock is a lower price protection exchange that can otherwise be implied by the performance of the company.

5 0
3 years ago
GroundTruth Ads Manager is an easy-to-use, self-serve advertising platform. Visual advertisements are integrated into text messa
alisha [4.7K]

Answer:

a mobile ad

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5 0
3 years ago
Assuming that data mining techniques are to be used in the following cases, identify whether the task required is supervised or
Gnoma [55]

Answer:

Explanation:

A Supervised learning allows you to collect data or produce a data output from the previous experience while an unsupervised learning  you do not need to supervise the model.

A.  Deciding whether to issue a loan to an applicant based on demographic and financial data (with reference to a database of similar data on prior customers). - Supervised learning

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d. Identifying segments of similar customers. - Unsupervised learning

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5 0
4 years ago
Suppose Happy Dog Soap Company is evaluating a proposed capital budgeting project (project Beta) that will require an initial in
Alekssandra [29.7K]

Answer:

-$1,878,086.608

Explanation:

The computation of the net present value is shown below;

             (in dollars)                                         (in dollars)

Year Cash flows Discount factor Present value  

0             -3225000              1                             -3225000  (A)

1              275000           0.9259259259           254629.630

2             475000           0.8573388203           407235.940

3             400000           0.793832241               317532.896

4             500000           0.7350298528          367514.926

Total                                                                   1346913.392  (B)

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This is the answer but the same is not provided in the given options

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