A baseball team ordered 12 jerseys. Each jersey costs the same amount. The shipping cost for the jerseys was $3 and the total co
1 answer:
You might be interested in
Answer:
40 shares each and $3,000 each
Step-by-step explanation:
The computation is shown below:
For the number of shares
Since there are total of 500 shares out of which 260 shares are held by Caren so the remaining shares left is
= 500 shares - 260 shares
= 240 shares
And, there are 6 investors
So the number of shares owned by each investor is
= 40 shares
Now the value of the shares held by each inventory is
= $3,000
Total debt is $65,000
So, the liability per share is
= $130
And each investor holds 40 shares
So, each investor is liable for
= $5,200
As we can see that the value of the shares is less than the amount liable by each investor
So each investor is liable for $3,000
And, the liability of Caren is
= $19,500