1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Georgia [21]
3 years ago
11

The following is the stockholders' equity section of Harbor Co.'s balance sheet on December 31:Common stock $10 par, 100,000 sha

res authorized, 50,000 shares issued of which 5,000 have been reacquired,and are held in treasury $ 450,000Additional paid-in capital common stock 1,100,000Retained earnings 800,000Subtotal $2,350,000Less treasury stock (150,000)Total stockholders' equity $2,200,000Harbor has insignificant amounts of convertible securities, stock warrants, and stock options. What is the book value per share of Harbor's common stock?
Business
1 answer:
AnnyKZ [126]3 years ago
6 0

Answer:

Book value per share: 48.88

Explanation:

The book value per share is the minimun value of the company equity.

Book value per share = (Total Equity - Preferd Equity) / Total shares outstanding

Book value per share = 2,200,000 / 45,000  

Book value per share = 48.88

In the numerator, we do not deduct anything from equity because there are no preferred shares. In the dividend, the outstanding shares are 45,000, because 50,000 have been issued and 5,000 are held in treasury, despite being authorized to issue 100,000 shares.

You might be interested in
Suppose the one-month billing cycle for a credit card ends on the last day of the month. On which of the following end-of-month
lorasvet [3.4K]

Correct answer choice is:

D. April 30

Explanation:

The billing cycle for a credit card or whatever sort of cyclical account is the duration of time connecting billings. For instance, a billing cycle may begin on the 1st day of the month and finishes on the 30th day of the month. Or, it may proceed of the 15th of an individual month to the 15th of the following month.

8 0
3 years ago
Read 2 more answers
How to find expiry date for a plane ticket?
kow [346]
You can ask a person who works for the company of your plane ticket and ask if it's expired.


5 0
3 years ago
Teresa has a contract to teach eighth grade at Washington Middle School. She decided she could make more money writing a book, s
kari74 [83]

Answer:

The duties under the teaching contract cannot be delegated

Explanation:

The person wit whom the school has a binding agreement was Teresa and contract of services cannot be delegated unilaterally by Teresa to her friend Shirley without consulting the school authority.

The appropriate procedure would be for Teresa to discuss with the school her plans to let Teresa to cover up for her absence,however, if the school accepts the new arrangement , Teresa would need to be relieved of her duties as this would be a permanent substitution.

8 0
2 years ago
What is the formula for determining productivity?!
Iteru [2.4K]

Answer:

Output/Input (APEX) <--------

Explanation:

This is the <u>CORRECT</u> answer for APEX.

8 0
3 years ago
In the past, the policy-making relationship between states and the federal government was called ______, since there was clear s
jeka94

In the past, the policy-making relationship between states and the federal government was called Dual federalism, since there was a clear separation of policy responsibility between the two levels.

Dual federalism, also known as hierarchical federalism or shared sovereignty, is a political arrangement in which powers are clearly divided between federal and state governments, with state governments exercising delegated powers without federal interference. .

Even the House and Senate are examples of dual federalism. Both houses may be involved in approving federal laws that affect different states and require state involvement, but issues can only be passed through the senator's desk or state senators. representative.

Learn more about Dual federalism here: brainly.com/question/5544302

#SPJ4

7 0
1 year ago
Other questions:
  • Exceptionally large harvests of wheat or corn often result in farmers having lower total incomes for that season despite the inc
    7·1 answer
  • A city wants to raise revenues to build a new municipal swimming pool next year. The mayor suggests that the city raise the pric
    10·1 answer
  • What are 3 ways through which you might obtain employment experiences
    12·1 answer
  • Cruz Company uses LIFO for inventory costing and reports the following financial data. It also recomputed the inventory and cost
    15·1 answer
  • Interest is eligible to be capitalized as part of an asset's cost, rather than being expensed immediately, when:a. The asset is
    13·1 answer
  • Suppose the marginal benefit the owner of a cherry orchard derives from hiring Lauren to pick cherries is $8 per hour. If the wa
    13·1 answer
  • each time mayberry nursery hires a new employee, it must wait for some period of time before the employee can meet production st
    12·1 answer
  • Mopsun, a garment store, sells customized hoodies at $7 per unit. The total fixed costs add up to $8,000 per year, and the varia
    7·1 answer
  • When buying school clothes at her favorite store, Evie is offered a credit card that can only be used at that particular store.
    12·2 answers
  • Which of the following should NOT appear on a resume?
    10·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!