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3 years ago

SARASOTA CORP. Balance Sheet (partial) Stockholders’ equity Paid-in capital

Business

1 answer:

Nuetrik [128]3 years ago

5 0

Answer:

a. The Shares of common stock outstanding are 556,200

b. The stated value of the common stock is 3

c. The par value of the preferred stock is 102

Explanation:

a. In order to calculate the Shares of common stock outstanding we would have to make the following calculation:

Shares of common stock outstanding=shares authorized-common shares

=564,000-7,800

=556,200

b. In order to calculate the Stated value of the common stock we would have to make the following calculation:

Stated value of the common stock= shares issued/shares authorized =1692000/564000

c. In order to calculate the Par value of the preferred stock we would have to make the following calculation:

Par value of the preferred stock= shares issued and outstanding/6,500

=663000/6500

=102

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4 years ago

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3 years ago

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Answer:

Correct option is D.

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4 years ago

Suppose that $2500 is placed in a savings account at an annual rate of 5%, compounded quarterly. Assuming that no withdrawals ar

babymother [125]

Answer:

number of periods = 8 years.

Explanation:

We know,

Future Value = Present value × $(1 + r)^{n}$

Here,

Present value = PV = $2,500

Future value = FV = $3,500

Interest rate (Compounding) = 5% = 0.05

We have to determine how many years (Periods) it will take, n = ?

Putting the values into the above formula,

$3,500 = $2,500 × $(1 + 0.05)^{n}$

or, $(1 + 0.05)^{n}$ = $3,500 ÷ $2,500

or, n log 1.05 = 1.4

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or, n = 1.4 ÷ 0.17609

Therefore, number of years = 7.95 or 8 years.

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3 years ago