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Svet_ta [14]
2 years ago
13

Midyear on July 31st, the Baldwin Corporation's balance sheet reported: Total Liabilities of $101.255 million Cash of $8.040 mil

lion Total Assets of $163.111 million Retained Earnings of $34.226 million. What was the Baldwin Corporation's common stock
Business
1 answer:
kkurt [141]2 years ago
5 0

Answer:

Stock = 27.629 million

Explanation:

<u>Baldwin Corporation</u>

<u>Balance Sheets</u>

<u>Assets</u>

Cash of $8.040 million

Total Assets $163.111 million

<u>Liabilities and Owner's Equity </u>$163.111 million

Stock 27.629 million

Total Liabilities  $101.255 million

Retained Earnings  $34.226 million

According to Balance sheet approach total assets must equal total liabilities and Owner's Equity.

Total assets including cash are given which are equal to $163.111 million  and when we subtract total liabilities and retained earning from it we get the value of stock.

Stock = Total Assets- Total Liabilities - Retained Earnings

Stock = $163.111 million - $101.255 million-$34.226 million

Stock = 27.629 million

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What is market failure?

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The government must address market failure issues brought on by additional regulations, taxes, tariffs, subsidies, and trade restrictions.

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Explanation:

Giving the following information:

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A month ago, you bought a one-year bond with a value of $100 that pays a fixed interest rate of 5 percent per year. The interest
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Answer:

less desirable to other investors

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<u>Given</u>: Current fixed coupon rate 5%

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wherein, C = Coupon rate of interest

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                n= Years to maturity

             RV = Redemption value

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