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Artist 52 [7]
3 years ago
6

Pike Corporation has total stockholders' equity of $8,690,000 as of December 31, 2017. The company has 300,000 shares of $2 par

value common stock and 20,000 shares of 8% cumulative preferred stock, $100 par value, outstanding. Due to lower-than-expected net income, no dividends were declared by Pike's board of directors for 2017. The book value per share of common stock is:
a $25.00
b $21.77.
c. $23.00
d $25.60.
Business
2 answers:
mrs_skeptik [129]3 years ago
6 0

Answer:

$22

Explanation:

Book value per share of common stock=$8,690,000-(20,000*100)-(20,000*100*8%)/300,000

=$8,690,000-$2,000,000-$160,000/300,000

=$22

levacccp [35]3 years ago
4 0

Answer:

Option B is correct.

<u>$21.77</u>

Explanation:

Equity available to common Stockholders = Total Stockholders' Equity - Preferred Stock value - Arrears of dividend to Preferred Stockholders

= $8,690,000 - (20,000*$100) - (20,000*$8) = $6,530,000

Book Value per share of Common stock = Equity available to common Stockholders / Outstanding shares of Common stock  

Book Value per share of common stock = $6,530,000 / 300000 = $21.77

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The present value of the given cash flow stream at a rate of 10.0% for all the years that is from year zero to year three is $10,777.50. Hence, Option B is correct.

<h3>What is a cash flow stream?</h3>

For describing any business proposal, there are very specific requirements, but the two things that are majorly required are cash flow instances and cash flow stream.

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Therefore, the given data after doing these required calculations when the cash flow is calculated at a rate of 10.0%, the amount is $10,777.50. Option B is correct.

Learn more about cash flow stream from here:

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The complete question is attached in text form:

What is the present value of the following cash flow stream at a rate of 10.0%?

Years: CFs:

0 $750

1 $2,450

2 $3,175

3 $4,400

a. $8,283.53

b. $10,777.50

c. $10,866.57

d. $7,749.11

e. $8,907.02

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Lack of physical cues may lead to miscommunication

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3 years ago
Your text indicated that several groups were protected by federal equal opportunity legislation. In these examples, indicate whe
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Answer:

a. A recently retired military veteran was not offered a job for which she was qualified.  Yes ( Veterans)

b. A Mormon says his religion forbids him to work on certain days.  Yes ( Religion)

c. A person who is hearing impaired claims she is disabled.  Yes (Disability)

d. A homosexual applicant wasn’t hired because of his sexual orientation. Yes (Sex: Sexual orientation)

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g. A Norwegian applicant claimed he wasn’t hired because a Chinese restaurant hired only Asians.  Yes (national origin)

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j. A fast-food chain refused to hire any males with long hair. No

Explanation:

The federally protected class are a group of people whom the law in the United States protects from discrimination especially in the employment setting. They are grouped under race, religion, sex, pregnancy, familial, national origin, genetic discrimination, veterans, and disability. Options f, i, and j do not fall under these classes.

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i. College degree is not a consideration among the federally protected class.

j. Gender or sex is not the issue here but a feature of the gender.

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Explanation:

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