Business Financial Management
Answer:
31 per share
Explanation:
The computation of value per share is shown below:-
Share exchange ratio = MPS of Nelson ÷ MPS of George
= $38 ÷ $31
= 1.2258
MPS a + b = MVa + MVb ÷ Number of shares a + Number of shares b × SER
= (1600 × $38) + (4,600 × $31) ÷ 4,600 + (1,600 × 1.2258)
= $60,800 + $142,600 ÷ 4600 + 1,961
= $203,400 ÷ 6,561
= 31 per share
Therefore for computing the value per share we simply applied the above formula.
Answer:
d.$24,000
Explanation:
Given that
Issuance of common stock = $32,000
Number of shares = 2,000 shares
Stated value per share = $12 per share
By considering the above information
The common stock would be credited for
= Number of shares × Stated value per share
= 2,000 shares × $12 per share
= $24,000
Hence, the correct option is d. $24,000
Answer:Hello! i am figuring this question out for you! one moment
Explanation:
Answer:
Interest expense $ 11.15
Explanation:
As the bank uses the average daily balance excluding new purchases we should use that amount to solve for the interest expense.
The rate is one and a half percent therefore, 1.5% --> 0.015
principal x rate = interest
$743 x 0.015 = $ 11.145
