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
Diano4ka-milaya [45]
4 years ago
9

Maarvel Co. has 31,000 shares of common stock outstanding on December 31, 2018. The Paid-in Capital in Excess of Par account for

the Common Stock has a $150,000 balance on December 31, 2018. Maarvel Co. also has some Treasury Stock on December 31, 2018. The Total stockholders' equity on December 31, 2018 applicable to the shares of common stock is $393,700. The the par value per common share is $10. Calculate Maarvel Co.'s Book Value per share on December 31, 2018.
a. $48 38
b. $1.80
c. $0.08
d. $10.0
Business
1 answer:
allochka39001 [22]4 years ago
5 0

Answer:

$12.7 per share

Explanation:

The formula and the computation of the book value per share are shown below:

Book value per share = (Total equity) ÷ (outstanding number of shares)

                                     = ($393,700) ÷ (31,000 shares)

                                     = $12.7 per share

Simply we divided the total equity by the outstanding number of shares to get the book value per share

You might be interested in
Lohn Corporation is expected to pay the following dividends over the next four years: $16, $12, $11, and $7.50. Afterwards, the
andreev551 [17]

Answer:

Current share price =$77.81

Explanation:

Price of the stock today = \frac{D1}{(1+ke)^1}+\frac{D2}{(1+ke)^2}+\frac{D3}{(1+ke)^3}+\frac{D4}{(1+ke)^4}+\frac{P4}{(1+ke)^4}.

where P4 = \frac{D5}{ke-g}

where D5 = D4(1+g)

Price of the stock today = \frac{16}{(1+0.16)^1}+\frac{12}{(1+0.16)^2}+\frac{11}{(1+0.16)^3}+\frac{7.50}{(1+0.16)^4}+\frac{7.50(1.06)}{(0.16-0.06)(1+0.16)^4} = $77.81

8 0
3 years ago
An increase in the price of a good causes a decline in demand for A. inferior goods. B. its substitutes. C. normal goods. D. its
ivolga24 [154]

Answer:

D. its complements.

Explanation:

A complement is a good or service used in conjuncture with another good. Therefore, if there is a decrease in the demand for a particular good, its complements will also see a decrease in demand. By the general supply and demand rule, an increase in the price of a good causes a decline in its demand and, therefore, causes a decline in demand for its complements.

6 0
4 years ago
Received a $665 deposit from a customer who wanted her piano rebuilt in February. Rented a part of the building to a bicycle rep
andrey2020 [161]

Answer:

1. Dr Cash 665

        Cr Advance from customer   665

2. Dr Cash  685

           Cr     Other income   685

3. Dr cash   18675

      Cr   Account receivable    18675

4. Dr Account receivable     9600

          Cr        Sales revenue         9600

5. Dr Cash     8000

             Cr Account receivable      8000

6.Dr Utility expense   395

            Utility expense payable     395

7. Dr Supplies   1255

         Cr            Accounts payable   1255

8. Dr Accounts payable   2600

               Cr Cash                    2600

9.Dr Salaries and wages expense   12200

                 Cr Cash                                        12200

Explanation:

4 0
4 years ago
Shondee Corporation uses the lower of cost or market and FIFO inventory methods. At the end of 2018, the FIFO cost of the ending
Assoli18 [71]

Answer:

reported as income for all three years   is $7,000

Explanation:

given data

cost of the ending inventory = $181,000

market value  inventory =  $160,000

to find out

Shondee Corporation must add income

solution

we get here Income per year that is

Income per year = (Value under FIFO Method - Value Under Cost Method ) ÷ Number of year      ..............................1

put here value we get

Income per year = \frac{181000 - 160000}{3}

Income per year =   \frac{21000}{3}

Income per year =  $7000

so reported as income for all three years   is $7,000

8 0
4 years ago
When interest rates on treasury bills and other financial assets are low, the opportunity cost of holding money is _________, so
o-na [289]

When interest rates on treasury bills and other financial assets are low, the opportunity cost of holding money is <u>low </u>so the quantity of money demanded will be <u>high</u>.

If interest rates go up, the demand for money will go down. Once it equals the new money supply, there will be no more difference between how much money people are holding and how much they want to keep, and the story is over. This is why (and how) a decline in the money supply raises interest rates.

As interest rates rise, the amount of money demanded decreases because the opportunity cost of holding money decreases. As interest rates rise, aggregate demand shifts to the left. The interest rate effect arises from the idea that higher price levels reduce the real value of household holdings.

Learn more about interest rates here: brainly.com/question/1115815

#SPJ4

7 0
2 years ago
Other questions:
  • Which of the following statements about brand names is true?
    8·1 answer
  • What is a mortgage?
    8·1 answer
  • Four buyers are in the market for a new car. suppose buyer 1 is willing to pay $20,000, buyer 2 is willing to pay $56,000, buyer
    14·1 answer
  • Critics of ansoff's matrix mention that the matrix does not:
    9·1 answer
  • Suppose the Terrific Tube Company ran a very successful advertising campaign. Economic analysis would suggest that the campaign
    11·1 answer
  • On December 1, Miser Corporation exchanged 2,000 shares of its $25 par value common stock held in treasury for a parcel of land
    14·1 answer
  • g Artis Sales has two store locations. Store A has fixed costs of $125,000 per month and a variable cost ratio of 60%. Store B h
    9·1 answer
  • 3. At Virtual Frontier International, employees tend to work with little direct supervision. They are expected to use creativity
    8·1 answer
  • Explain the term <br>tourist ​
    5·2 answers
  • why is allowance for doubtful accounts credited, instead of accounts receivable, when recording the adjusting entry for bad debt
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!