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inn [45]
3 years ago
11

The Stockholders' Equity section of the balance sheet of Sea Turtle Company reveals the following information: Common stock, $3

par value $150,000 Additional paid-in capital-common 850,000 There have been two issues of stock since the corporation began business. The average issue price per share of stock was: Group of answer choicesa. $20.00 b. Not enough information to determine. c. $3.00 d. $17.00
Business
1 answer:
MatroZZZ [7]3 years ago
7 0

Answer:

a. $20.00

Explanation:

Given that

Common Stock = $150,000

Additional Paid-in Capital = $850,000

Par Value per share = $3

So,

Number of shares issued = Common Stock ÷ Par Value per share

= $150,000 ÷ $3

= 50,000

Now

Total Common Stock Equity = Common Stock + Additional Paid-in Capital

= $150,000 + $850,000

= $1,000,000

So,

Average Issue Price per share = Total Common Stock Equity ÷ Number of shares issued

= $1,000,000 ÷ 50,000

= $20.00

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Answer:

PV= $9,355.78

Explanation:

Giving the following information:

If $ 9,000 is invested in a certain business at the start of the​ year, the investor will receive $ 2,700 at the end of each of the next four years.

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FV= {2,700*[(1.06^4)-1]}/0.06= 11,811.46

Now, we calculate the present value:

PV= FV/(1+i)^n

PV= 11,811.46/1.06^4= $9,355.78

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Answer:

The answer is: True

Explanation:

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The real problem with this theory, at least in the short run, is that in real life money supply, interest rates and inflation do affect the GDP of a country. When the money supply of an economy is increased then aggregate demand also increases. More money equals more demand. That happens because the prices of goods and services doesn´t adjust as fast as a change in the money supply. Also this theory doesn´t consider the monetary circuit theory about money being "created" by the banking system every time a loan is made.

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Answer:

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