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skelet666 [1.2K]
3 years ago
9

What is the par or stated value per share of apple's common stock? what percentage of apple's authorized common stock was issued

at september 27, 2014? how many shares of common stock were outstanding at september 28, 2013, and at september 27, 2014? calculate the payout ratio, earnings per share, and return on common stockholders' equity for 2014?
Business
1 answer:
Temka [501]3 years ago
4 0

The par value of apple stock is negligible at $0.00001 per share.

Apple Inc. has a total of 12,600,000,000 shares of authorized common stock.

The number of issued and outstanding shares Apple Inc. has as of September 27, 2014, is 5,866,161,000

percentage of authorized common stock issues Number of issued and outstanding shares/total authorized shares = 5,866,161,000/12,600,000,000 = 0.4656 = 46.56%

So, 46.56% of Apple Inc.’s authorized common stock has been issued as of September 27, 2014

5,866,161,000 shares of common stock were outstanding on September 28, 2013

On September 27, 2014, there were 6,294,494,000 shares of common stock outstanding.

The company has paid no dividends, so there is no payout ratio Earnings per share = 6.43$/share (total of all four quarters)

Return on equity for 2014 = 35.42%

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B. work-in-process inventories.

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Partially completed goods that are in the process of being converted into a finish product are defined as work-in-process inventories.

Generally, the work-in-process inventories include the following raw materials cost, direct labor cost and factory overhead cost.

These category of products are only partially completed and as such are waiting for further processing, still undergoing fabrication or kept in a buffer storage.

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Assuming that there is one-half pound of resin per foot of the finished product, determine the resin materials cost per foot of
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The resin materials cost per foot of finished product for June $0.53.

Given the data in the question;

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<u>Resin pounds input </u>

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<u>Price per pound</u>                         <u>X$1.50</u>               <u>X$1.50</u>                    <u>X$1.50</u>

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<u>Conversion costs</u>                    <u>$80,000</u>           <u>$120,000</u>                 <u>$115,000</u>

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<u>Given:</u>

Materials cost for June = $640,000

Number of Feet produced as output in June =  1,200,000

   

So, Formula of Material Cost per foot of finished product

Material Cost per foot of finished product = Material Cost/ Number of feet produced in June

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Therefore, the resin materials cost per foot of finished product for June is $0.53

Hence, the correct option is A.

Your question is incomplete, but most probably your full question was:

Rambo-Conduit Corporation manufactures plastic conduit that is used in the cable industry. A conduit is a tube that encircles and protects the underground cable. In the process of making the plastic conduit, called extrusion, the melted plastic (resin) is pressed through a die to form a tube. Scrap is produced in this process. Information from the cost of production reports for three months is as follows, assuming that inventory remains constant:

May June July

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a. $0.53

b. $0.60

c. $0.54

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Learn  more about Materials Cost Per Foot on:

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