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agasfer [191]
3 years ago
13

Prior to May 1, Fortune Company has never had any treasury stock transactions. A company repurchased 100 shares of its common st

ock on May 1 for $5,000. On July 1, it reissued 50 of these shares at $52 per share. On August 1, it reissued the remaining treasury shares at $49 per share. What is the balance in the Paid-in Capital, Treasury Stock account on August 2?
Business
1 answer:
Deffense [45]3 years ago
8 0

Answer:

$50

Explanation:

Fortune Company

Paid-in capital,Treasury stock:

May1 $ 0

July 1: $2/share *50 shares 100

August 1:$1/share*50 shares (50)

Balance August 2 $ 50

Therefore the balance in the Paid-in Capital, Treasury Stock account on August 2 will be $50

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Answer:

SELF - REGULATION

Explanation:

Self - regulation

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2 years ago
the stock of abc company has a dividend yield of 4%. the corporation has paid a dividend of $3.00 a share over the last 12 month
Nana76 [90]

Here ,Dividend yield = 4%

Earnings per share = 3

Dividend yield is calculated as follows

Dividend yield = Dividend per share / Current market price

4% = 3 / Current market price

Current market price =  34% = 75

Consequently, the current market price per share is $75

<h3>What is meant by the current market? How can I find the most recent market price?</h3>

Current Market refers to the Principal Market, as of any date of determination, on which the Parent's shares of common stock are then listed, traded, and quoted.

Check the P/E ratio and earnings per share in the company's annual report for the accounting period to get an idea of the market price for that particular date. For instance, if the P/E ratio is 20 and the company reported EPS of 7.50, the expected market price comes out to 150 per share.

To learn more about market price visit:

brainly.com/question/24179422

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4 0
2 years ago
Arnold borrowed $7890 at 11. 5 percent for five years. What is his monthly payment?.
Marta_Voda [28]

Answer:

$173.50

Explanation:

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The relationship between the quantity of a good or service sellers are willing and able to offer for sale and the independent va
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