The Hamilton Brush Company issued 2,500 shares of common stock worth $100,000.00 total. What is the par value of each share?
2 answers:
Answer:
$40.00
Step-by-step explanation:
Given:2,500 shares of common stock
$100,000.00 total value
To Find :the par value of each share.
Solution:
Definition: Par value is the value written on each certificate of stock.
No. of shares = 2500
Total value = $100,000.00
So, par value of each share =
=
Hence The par value of each share is $40.00
Option A is correct.
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Answer:
The value of y for x = 8 is 60 .
Step-by-step explanation:
Given expression as :
For x = 2 , y = 15
Let the equation be written with constant k'
So, y = k x
Or, k =
∴ k =
<u>Now, again </u>
For x = 8
equation can be written as
y = k x
Or, y = × 8
Or, y =
∴ y = 15 × 4
I.e y = 60
Hence The value of y for x = 8 is 60 . Answer