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3 years ago

He stockholders' equity section on the December 31, 2009, balance sheet of Chemfast Corporation reported the following amounts:

Business

1 answer:

Allisa [31]3 years ago

8 0

Answer:

1.7900 shares

2.7300 shares

3.$22.95

4.$59

5.$6,300

6.$10.50

7.$791,000

Explanation:

The number of preferred shares=total par value of preferred shares issued/par value=$165,900/$21=7900 shares

The number of preferred shares outstanding is issued shares minus treasury stock=7900 shares-600 shares=7,300 shares

average issue price of preferred stock=(total par value+additional paid capital)/issued shares=($165,900+$15,400)/7900=$22.95

Average issue price of common stock==common stock amount/issued shares=$590,000/10000=$59

The treasury stock decreases stockholders' equity by the amount paid to repurchase the shares which is $6,300

Treasury stock cost $ per share=cost of treasury cost/number of treasury stock=$6300/600=$10.50

Total stockholders' equity in $=preferred stock+preferred stock additional paid in capital+common stock+retained earnings -treasury stock

Total stockholders' equity in $=165,900+15,400+590,000+26000-6300=$791,000

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Explanation:

In this particular case , it's given:

Marginal propensity to consume(MPC) = 0.7

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$Multiplier\ = \frac{1}{(1-MPC)}$

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Noe, in order to find the stimulation in the economy we will multiple the new government spending with the multiplier. We will get ;

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3 years ago

Tony and Suzie see the need for a rugged all-terrain vehicle to transport participants and supplies. They decide to purchase a u

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Answer:

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Question: What is not one of the reasons for India's recent economic success? Possible Answers: 1. foreign companies. 2. interna

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India has had recent economic success due to foreign companies, international aid and agricultural success. It was not due to foreign investors as you cannot invest in a country.

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4 years ago

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All of the following are reasons why companies are slow to adopt sustainable practices that are better for the environment EXCEP

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Reasons why companies are slow to adopt sustainable practices that are better for the environment EXCEPT----The universal adoption of the Kyoto protocol.

Sustainable practices:

are the processes services employ to maintain the qualities that are valued in the physical environment. Living sustainably is about living within the means of natural systems (environment) and ensuring that our lifestyle doesn't harm other people.

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CEO compensation is tied to stock performance

it is difficult to get an accurate cost on the impact of climate change

the universal adoption of the Kyoto Protocol

US investors are less concerned about the environment and climate change than those in Europe

Learn more about Kyoto protocol:

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2 years ago

England and Scotland both produce scones and sweaters. Suppose that an English worker can produce 50 scones per hour or 1 sweate

solmaris [256]

Answer:

Scottish workers have an absolute advantage in producing scones.

English workers have an absolute advantage in producing sweaters.

The opportunity cost Scottish workers have a comparative advantage in Sweaters and English workers have a comparative advantage in Scones.

Explanation:

English workers can produce 50 scones per hour which is 10 more than Scottish workers who can produce 40 scones an hour, they have an absolute advantage in producing scones.

Scottish workers can produce 2 sweaters compared with English workers who can only produce 1, they have an absolute advantage.

The opportunity cost of an English worker producing a sweater is 50 scones. This is because if they spend an hour producing a sweater, they could have been producing 50 scones.

The opportunity cost of a Scottish worker producing a sweater is 20 scones. This is because in an hour they can produce 2 sweaters or 40 scones. Therefore, for each sweater they lose 20 scones

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