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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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Answer:

a

Explanation:

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Property risk is the risk that a person or company's property would be damaged or lost.

For example, if a building is set on fire or if a car is stolen

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3 years ago
calculate the average of each of the following. speed per hour during a three-hour trip: 65 MPH, 55 MPH, 45 MPH
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2 years ago
Which of these best fits the definition of interest, as it applies to finance? a. interest is the money earned by investing. b.
ladessa [460]

The definition for interest in terms of finance is interest is the cost of borrowing. Therefore the correct option is (B).

<h3>What is Finance?</h3>

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6 0
2 years ago
Wayton manufacturing requires administrative procedures that do not support collaboration and work against the move from individ
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Believe is one of the constructing blocks of high overall performance teams and proper collaboration. Without it, there's an absence of appreciation for one another's work and a disorder that erodes self-assurance and works in opposition to authentic collaboration.

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4 0
2 years ago
Boney Corporation processes sugar beets that it purchases from farmers. Sugar beets are processed in batches. A batch of sugar b
Dafna11 [192]

Answer:

The correct answer is B.

Explanation:

Giving the following information:

Two intermediate products, beet fiber, and beet juice emerge from the crushing process.

The beet juice can be sold as-is for $38 or processed further for $20 to make the end product refined sugar that is sold for $55.

<u>The firsts costs incurred are irrelevant to the decision-making process because they do not vary.</u>

<u></u>

Sell as-is:

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Continue processing:

Contribution margin= 55 - 20= $35

It is more profitable to sell beet juice as-is.

5 0
3 years ago
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