You cannot compute for the capital in excess of par since you don’t have the number of shares but let us assume there are 100,000 shares.
If the Company sell 100,000 shares of its common stock for $2 per share, and the par value of each share is $5, then the amount of the capital in excess of par is 100,000 shares x $3/share, = 300,000 and is recorded:
Cash 500,000
Common stock ($2 x 100000) 200000
Additional Paid-In Capital($3 x 100000) 300000
Answer:
Total amount = $10906400
He would receive = $ 45443.33 every month
Explanation:
Ken invested $1.6 million at 9.6% for 20 yes compounded monthly.
n = 20*12= 140
t = 20
P= 1600000
R= 9.6% = 0.096
Amount A is equal to
A = p(1+r/n)^(nt)
A =
1600000(1+(0.096/140))^ (140*20)
A =
1600000(1 + (6.857*10^-4))^(2800)
A= 1600000(1.0006857)^2800
A = 1600000*6.8165
A = 10906400
Every month, he will get
10906400/(12*20)
= 10906400/240
=$ 45443.333
Answer: Practical intelligence
Explanation: In simple words, practical intelligence refers to the ability of an individual to shape and fit itself according to the demands of the environment.
In the given case, Martha worked with a company that had a casual and open atmosphere. But after joining employment in a bank she herself understood that different attitude will be needed there to work. She herself adjusted her personality and dressing as per the demand of the environment.
Hence from the above we can conclude that she is exhibiting practical intelligence.
