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adell [148]
3 years ago
6

The stockholders’ equity section of Montel Company’s balance sheet follows. Preferred stock—5% cumulative, $10 par value, 16,000

shares authorized, issued and outstanding $ 160,000 Common stock—$5 par value, 370,000 shares authorized, 320,000 shares issued and outstanding 1,600,000 Retained earnings 992,000 Total stockholders' equity $ 2,752,000 Determine the book value per share of the common stock.
Business
1 answer:
snow_tiger [21]3 years ago
5 0

Answer:

$8.1 per share

Explanation:

The computation of the book value per share is shown below:

Book value per share = (Total equity - preference dividend) ÷ (number of shares)

                                   = ($2,752,000 - $160,000) ÷ (320,000 shares)

                                  = ($2,592,000) ÷ (320,000 shares)

                                  = $8.1 per share

All other information which is given is not relevant. Hence, ignored it                                  

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When Motorola first entered the Mexican marketplace, the company wanted direct control of salespeople in major urban markets but
julia-pushkina [17]

Answer: company sales force

              retail outlets sales representatives                              

   

Explanation: In simple words, company sales force refers to the sales representatives that are directly obligated to report to the sales manager of the company for their performance.

While the retail outlet sales persons report to the retail shop owners who have purchase the franchise of the company.

The later are employed by the organisation for strict monitoring of important markets while the former is being employed in less important ones.

8 0
3 years ago
Two securities have a covariance of 0.022. If their correlation coefficient is 0.52 and one has a standard deviation of 15%, wha
ira [324]

Answer: 28.2%

Explanation:

Correlation Coefficient = Covariance / (Standard deviation of Security A * Standard deviation of Security B)

0.52 = 0.022 /( 15% * σ)

(15% * σ) * 0.52 = 0.022

15% * σ = 0.022 / 0.52

σ = 0.0423/15%

= 28.2%

3 0
3 years ago
Gerrick has an international business but is having difficulty with currency exchanges and fluctuations in the currency exchange
wel

Answer:

His bank, if it is a large international bank.

Explanation:

Herrick needs to go to his bank that has international operations to get more stable rates for his international business.

International banks have corresponding banks they operate with for international transactions. A major advantage of this is that eachange rates between banks and their corresponding banks are more stable and not prone to huge fluctuations.

This will be the best option for Herrick.

6 0
3 years ago
Changes in the quality of a good a. present a problem in the construction of the consumer price index, and that problem is somet
Agata [3.3K]

Answer:

D

Explanation:

The consumer price index measures the changes in price of a basket of good. It is used to measure inflation. Because the price of price of used cars and trucks in US has increased , the CPI would increase

CPI = (cost of basket of goods in current period / cost of basket of goods in base period) x 100

Changes in the quality of good is not included in the calculation of CPI. This is one of its drawbacks

8 0
3 years ago
JT Inc. produces gourmet frozen dinners for the airline industry. JT has fixed costs of $200,000 and variable costs of $8 per fr
nadezda [96]

Answer:

The operating profit for this year amounts to $ 550,000

Explanation:

Operating Profit is computed below as:

Operating Profit = Revenue - Expense (Fixed Cost + Variable Cost)

                           = $1,950,000 - ($200,000 + $1,200,000)

                           = $1,950,000 - $1,400,000

                          = $550,000

Revenue = Number of frozen dinners × Selling Price

               = 150,000 × $13

               = $1,950,000

Variable Cost = Number of frozen dinners × Cost per frozen dinner

                       = 150,000 ×  $8

                       = $1,200,000

6 0
3 years ago
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