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Lilit [14]
3 years ago
7

Goldman Inc. was organized on June 1, 2014. It was authorized to issue 500,000 shares of $10 par common stock and 100,000 shares

of 4 percent cumulative class A preferred stock. The class A stock had a stated value of $50 per share. The following stock transactions pertain to Goldman Inc.: 1. Issued 40,000 shares of common stock for $16 per share. 2. Issued 20,000 shares of the class A preferred stock for $52 per share. 3. Issued 60,000 shares of common stock for $20 per share. Required Prepare the stockholders’ equity section of the balance sheet immediately after these transactions have been recognized.

Business
1 answer:
sdas [7]3 years ago
6 0

Answer

The answer and procedures of the exercise are attached in a microsoft excel document.  

Explanation  

Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.  

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Trapper Corporation is comparing two different capital structures, an all-equity plan (Plan I) and a levered plan (Plan II). Und
AlladinOne [14]

Answer:

Plan I EPS = $2.19

Plan II EPS = $1.97

Explanation:

The computation of EPS for both Plan I and Plan II is shown below:-

                               Plan I                Plan II

Expected EBIT      $700,000       $700,000

Less Interest                                 $227,200

                                            ($2,272,000 × 10%)

Profit before tax a   $700,000      $472,800

Less: Tax

Earning to equity

shareholder b           $700,000      $472,800

Number of equity

Shares (a ÷ b)              $2.19             $1.97

Therefore for Plan I the EPS = $2.19 and for Plan II the EPS = $1.97

6 0
3 years ago
Which statement best describes how you use email?
solniwko [45]

if anything it will be d

6 0
3 years ago
You know that firm XYZ is very poorly run. On a scale of 1 (worst) to 10 (best), you would give it a score of 3. The market cons
e-lub [12.9K]

<u>Full question:</u>

You know that firm XYZ is very poorly run. On a scale of 1 (worst) to 10 (best), you would give it a score of 3. The market consensus evaluation is that the management score is only 2. Should you buy or sell the stock?

A. Buy

B. Sell

<u>Answer:</u>

Buy  the stock

<u>Explanation:</u>

At any position in time, the stock price displays all candidly accessible erudition about the company. This implies that an investor can obtain abnormal returns only if that investor holds private erudition about the firm's forecasts.

The firm's administration is not as critical as everyone else considers it to be, hence, the firm is underestimated by the market. You are scarcely hopeless about the firm's probabilities than the assumptions constructed into the stock price. As the administration of the firm is not as weak as anticipated to be. So the investor will determine to buy the stocks of the firm.

3 0
3 years ago
James Jones, a Florida health inspector, inspected, Caribbean Eats a restaurant owned by Tom Cruise. Jones found several health
Leto [7]
IRAC stands for Issue, Rule, Application, Conclusion

I'll just put out issues.

James Jones - corruption, extortion, and blackmail

Tom Cruise - health violations, bribery

Both conducted under the table negotiations. 
7 0
3 years ago
. jarell is grocery shopping for his bbq cookout this weekend. he is grilling 1313lb. burgers and expects about 20 people. how m
anzhelika [568]

Jarell is grocery shopping for his bbq cookout this weekend. he is grilling 1313lb. burgers and expects about 20 people. 6.667 lbs. of ground beef should be purchased.

Jarrell should purchase 7 lbs of ground beef.

Number of attendees = 20

Fraction of burger per person = 1/3 lbs

Total fraction of burger required to feed 20 persons :

Number of attendees × fraction per person

20 × 1/3 = 6.667.

Grilling is a cooking method that applies dry heat to the surface of food, usually from the top, bottom, or sides. Grills typically use large amounts of direct radiant heat and are typically used to quickly cook meat and vegetables.

Almost all types of grilling on gas and/or charcoal grills can be divided into three cooking methods: direct, indirect, or combination. As the name suggests, method differences are determined as follows.

Learn more about grilling at

brainly.com/question/13973768

#SPJ4

7 0
1 year ago
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