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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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How did speculative investing weaken the stability of the stock market?
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A simultaneous increase in both unemployment and inflation is most likely to be the result of a(n): Group of answer choices decr
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2 years ago
Dixie Mart plans to pay dividends of $1.36, $1.15, $1.35, and $0.40 at the end of the next four years, respectively. After that,
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Answer:

The correct answer is C. $46.50.

Explanation:

The current value of one share of stock is the present value of all expected future cash flows. The present value (PV) of cash flows in each year is calculated as follows.

PV = Future value / (1 + Rate of return)^Number of years

The future value is the dividend received on the share in a particular year while the rate of return is 11.4% (i.e. 0.114).

Applying the above formula,

PV_{1}  = 1.36 / (1 + 0.114)^{1} = 1.221\\

PV_{2} = 1.15 / (1 + 0.114)^{2} = 0.927

PV_{3} = 1.35 / (1 + 0.114)^{3} = 0.977

PV_{4} = 0.40 / (1 +0.114)^{4} = 0.260

PV_{6} = 82.40 / (1 + 0.114)^{6} = 43.114

Current value of share = $1.221 + $0.927 + $0.977 + $0.260 + $43.114

                                      = $46.50

Hence, the correct option is C. $46.50.

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