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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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Using a $ sign before a column label ________.
Licemer1 [7]

Answer:

The alignment of the choices are off but here's the explanation for solving this question below;

Explanation:

Using a $ sign before a column label, keeps the reference to column fixed,

but allows the row reference to change. Generally, putting a dollar sign ($) before a column label or row label  puts an absolute reference to that respective column or row while keeping the other changing. For example;

In $C5, "C"  is the column reference while "5" is the row reference. Because there is $ sign before C, that column  will be fixed and the row will change

6 0
3 years ago
The economic growth demonstrated by this recruitment letter was primarily a result of —.
Lorico [155]

The economic growth in the recruitment letter was demonstrated as a result of industrial production.

<h3>What is economic growth?</h3>

A stable uplift in the economic conditions, in comparison to the previous economic period(s), is regarded as an economic growth. It is driven by many external factors.

In the recruitment letter, it was found that the increase in the industrial productivity led to extreme economic growth in the United States of America.

Hence, the reasons for the economic growth have been aforementioned.

Learn more about economic growth here:

brainly.com/question/11679822

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4 0
2 years ago
Heather is sixteen but looks much older. she goes into a jewelry store and buys a diamond bracelet with the money she has been s
brilliants [131]
D is the right answer I suppose
6 0
3 years ago
Suppose you inherit an apartment building from your uncle. You anticipate making some income from the rent on
alexira [117]

Answer:

Would you cut back on making repairs and keeping the building in a safe and

livable condition?

No, I would maintain the building as good as posible.

How might you keep the building in good shape and still turn a profit?

the value of the building will increase over time. Then, is a matter of patience to make a profit out of the sell of it.

Is it possible to manage  the building or change it to make it both livable and profitable?

yes, What usually happens with rent control properties is that the landlords use the building for commercial or create condos use to avoid the law.

5 0
3 years ago
A company reported total equity of $145,000 at the beginning of the year. The company reported $210,000 in revenues and $165,000
Allushta [10]

Answer:

e. $ 282,000

Explanation:

To determine the assets of the company at year end, we need to find the equity at year end, this is calculated as follows:

Opening Equity                                                      $ 145,000

Net Income for the year                                        $ 45,000

Revenues     $ 210,000

Expenses     $ 165,000

Equity at end of year                                            $  190,000

The accounting equation is

Assets = Liabilities + Stockholders' Equity

Assets = $ 92,000 + $ 190,000                           $ 282,000

4 0
3 years ago
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