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son4ous [18]
3 years ago
7

The Hamilton Brush Company issued 2,500 shares of common stock worth $100,000.00 total. What is the par value of each share?

Mathematics
2 answers:
valentinak56 [21]3 years ago
8 0
A. $40.00 is the correct answer here
lutik1710 [3]3 years ago
4 0

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 =\frac{100000}{2500}

                                                =40

Hence The par value of each share is $40.00

Option A is correct.

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Find the interest due on $600 at 9.5% for 120 days.
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Answer:

Interest= $ 18.73

Step-by-step explanation:

Given : $600 at 9.5% for 120 days

To find : Find the interest due

Solution :

Simple interest formula  I=P\times r\times t

Principle(P)=$600 , rate(r)=9.5%=0.095 , time (t)= 120 days

In years, 1 year = 365 days

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120 days = \frac{120}{365} year

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I=600\times 0.095\times\frac{120}{365}

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2 years ago
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pshichka [43]

Answer:

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Draw a horizontal line at the end of the 8 meter horizontal line.

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