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
2 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]2 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
The spread is the difference between the bid and ask prices difference between the purchase and sale prices commission charged b
liubo4ka [24]

Answer:

The difference between the commissions charged by Full service brokers , Discount brokers and Online brokers are is about 60% higher for Full service Brokers

Explanation:

The difference between the commissions charged by Full service brokers , Discount brokers and Online brokers are is about 60% higher for Full service Brokers

Full service brokers perform a lot of services like providing investment advice and analyzing the market on behalf of the investor therefore commissions charged by full service broker is usually higher

6 0
2 years ago
Jones Company possesses a 25 percent interest in the outstanding voting shares of Sandridge Company. Under what circumstances mi
coldgirl [10]

Answer:

Jones may decide that the equity method would not be appropriate to account for the investment when Jones Company does not have significant influences over the management/operation of Sandridge Company.

Although an investors holding from 25% of investee is very much likely to have significant influences on the investee, this may not be true all over the times. For Jones, to prove that it does not have significant influences over Sandridge, there may be some following evidences:

+ Jones and Sandridge sign an agreement that Jones surrenders  significant rights as a shareholder;

+ There is/are investor(s)/group(s) of investors who has more voting right than Jones and whose visionary/mission for Sandridge is opposite to Jones's.

+ Sandridge tries to reject Jones' influences on its management by seeking lawsuit or by successfully prevent representatives from Jones on its Board of Directors.

Explanation:

8 0
3 years ago
When workers negotiate as a group with employers, they are engaging in ____.
Jlenok [28]

Collective Bargaining

3 0
3 years ago
What is the customer demand in the uk for international foods?<br><br> need a detailed answer please
Romashka [77]
UK cuisine is largely international, with curry (for instance) being the most popular foodstuff in the UK, originating from Asia.

As Hungarian, Italian, Greek, Indian, French, Chinese, Vietnamese, Mongolian, and any number of other exotic food outlets are thriving in London, for instance, it would suggest that customer demand for these foodstuffs is enough to sustain business.

A large number of mixed Polish/Halal grocery shops have opened in areas of South London in recent years, catering to an increased number of workers and immigrants from the Middle-East and Eastern Europe.

The good old Fish'n'Chips shop is still going strong.

Many have expanded their menu to include kebabs - only fair, as kebab shops tend to sell chips too...
5 0
3 years ago
Maxtor Technology incurred the following costs during the year related to the creation of a new type of personal computer monito
Radda [10]

Answer:

Research and development expense is $679,000.

Explanation:

Creation of a new type of personal computer monitor is an internally generated intangible asset.

The Costs directly incurred in developing an internally generated intangible asset are all expensed until the intangible asset is technically physiable for operation.

Research and Development costs are thus expensed.

<u>Calculation of Research and Development Cost</u>

Salaries                                                                                        $240,000

Depreciation on R&D facilities and equipment                         $135,000

Utilities and other direct costs incurred for the R&D facilities  $ 68,000

Patent filing and related legal costs                                            $24,000

Payment to another company for  development work             $130,000

Costs of adapting the new monitor                                             $82,000

Total                                                                                             $679,000

Conclusion :

Research and development expense is $679,000.

3 0
2 years ago
Other questions:
  • Although ultimate responsibility for implementing and executing strategy falls upon the shoulders of senior executives,
    8·1 answer
  • What is comsumption efficiecy?
    13·1 answer
  • The difference between the actual allocation base​ (actual quantity) and the amount of the allocation base that should have been
    13·1 answer
  • Complets the first row of the table with the quantity of burgers that can be bought with $700. Hint: In this problem, your calcu
    6·1 answer
  • Assume that you have a subsidiary in Australia. The subsidiary sells mobile homes to local consumers in Australia, who buy the h
    10·1 answer
  • All the following were true of the American economy under Cotton Kingdom EXCEPT a the South reaped all the profits from the cott
    5·1 answer
  • Don operates a taxi business, and this year one of his taxis was damaged in a traffic accident. The taxi was originally purchase
    13·1 answer
  • Third World Gamer Inc. manufactures components for computer games within a relevant range of 500,000 to 1,000,000 disks per year
    5·1 answer
  • At the trough of the business cycle, cyclical unemployment is _____ and the actual unemployment rate _____ the natural rate of u
    12·1 answer
  • When Paradise Incorporated, a travel insurance company, decided to introduce new goals for its internal management, there was a
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!