1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Maslowich
3 years ago
11

The following partial information is taken from the comparative balance sheet of Levi Corporation: Shareholders’ equity 12/31/20

18 12/31/2017 Common stock, $5 par; 32 million shares authorized; 27 million shares issued and 21 million shares outstanding at 12/31/2018; and ____million shares issued and ____shares outstanding at 12/31/2017. $ 135 million $ 105 million Additional paid-in capital on common stock 519 million 391 million Retained earnings 196 million 156 million Treasury common stock, at cost, 6 million shares at 12/31/2018 and 4 million shares at 12/31/2017 (71 million) (49 million) Total shareholders’ equity $ 779 million $ 603 million How many of Levi's common shares were outstanding on 12/31/2017? Multiple Choice 26 million. 21 million. 17 million.
Business
1 answer:
salantis [7]3 years ago
6 0

Answer:

17 million

Explanation:

The computation of the outstanding common shares is shown below:

= Number of common shares outstanding - treasury common stock

where,

Number of common shares outstanding = Total value of the common shares ÷ par value of the share

=  $105 million ÷ $5

= 21 million

And, the  treasury common stock is 4 million

Now put these values to the above formula  

So, the value would equal to

= 21 million - 4 million

= 17 million

You might be interested in
"An inflationary gap exists when AD and SRAS" :
lozanna [386]

Answer: The Answer IS A.

Explanation: fail to Intersect

8 0
3 years ago
Read 2 more answers
A characteristic of FICA is that:
stepladder [879]

Answer:

The correct answer is letter "A": None of these.

Explanation:

The Federal Insurance Contributions Act (FICA) is a U.S. law that requires a paycheck deduction to be paid to Social Security and Medicare. Employers and employees share half the payments. Self-employed people are responsible for the entire tax amount.

8 0
3 years ago
Some sellers of used cars provide warranties to buyers, with the aim of reassuring buyers that the car is of good quality. these
Leni [432]
Some sellers of used cars provide warranties to buyers, with the aim of reassuring buyers that the car is of good quality.
3 0
3 years ago
The Company is in the process of evaluating a new product using the following information: ∙ A new transformer has three product
Bad White [126]

Answer:

total loss for first year = ($96,000)

Explanation:

direct costs per 5,000 transformers = $55,000, or $11 per unit

indirect manufacturing overhead per 5,000 transformers = $45,000 or $9 per unit

destination charges per transformer = $2 each

customer service expenses = $0.40 per transformer

sales price:

year 1 = $20 x 15,000 = $300,000

year 2 = $24 x 15,000 = $360,000

year 3 = $28 x 15,000 = $420,000

total revenue = $1,080,000

total costs:

development costs = $45,000

setup costs = $15,000 x 3 per year x 3 years = $135,000

direct costs = $11 x 45,000 units = $495,000

manufacturing overhead costs = $9 x 45,000 = $405,000

sales and administrative costs = $2.40 x 45,000 = $108,000

total = $1,188,000

total operating life cycle loss = $1,080,000 - $1,188,000 = -$108,000

life cycle operating loss for first year:

total revenue = $300,000

- setup costs = $45,000

- direct costs = $165,000

- manufacturing overhead costs = $135,000

- S&A costs = $36,000

- 1/3 of development costs = $15,000

total loss = -$96,000

4 0
3 years ago
What do we do in case of Coronavirus.​
USPshnik [31]

Answer:

what we do is brethe and just remember that people are not thet smart so they where mask and no gloves and

Explanation:

7 0
3 years ago
Other questions:
  • When the mutually exclusive alternatives under consideration have only disbursements (service alternatives), the do-nothing alte
    9·1 answer
  • Kelly has joined Drake's team. Drake sends Kelly an email explaining details of the project that she will be working on. Which o
    10·2 answers
  • Which choice gives a reason that property rights must be protected in a market economy?
    5·2 answers
  • Nonverbal communication influences the way a message is received and functions in at least five different ways.
    9·1 answer
  • The money paid to stockholders from the corporation's profit is known as
    15·1 answer
  • What do economists mean by​ scarcity? A. Economists mean that trade is not possible. B. Economists mean that unlimited wants exc
    13·1 answer
  • The Blossom Company has disclosed the following financial information in its annual reports for the period ending March 31, 2017
    8·1 answer
  • Ms. Fresh bought 1,000 shares of Ibis Corporation stock for $5,100 on January 15, 2018. On December 31, 2020, she sold all 1,000
    9·1 answer
  • when james was assigned as the product development manager, he was told to keep the existing work schedule and not stray from th
    5·1 answer
  • if 14.6 million people are unemployed, 155.5 million people are employed, and 7.9 million people are institutionalized, what is
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!