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Alexxandr [17]
3 years ago
10

Given the equity portion of a firm's balance sheets below, determine the average price per share at which new shares were sold b

y the firm in 2019.
2018 2019
Common Stock ($0.40 par) $620,600 $830,200
Capital Surplus $9,025,000 $13,726,000
Retained Earnings $17,400,000 $19,100,600
No answer text provided.
$12.22 per share
$9.37 per share
$12.62 per share
$8.97 per share
Business
1 answer:
Tpy6a [65]3 years ago
7 0

Answer:

$9.37 per share

Explanation:

The computation of the average price per share is shown below:

Common stock in the year 2019 $830,200

Less Common stock in the year 2018 $620,600

Rise in common stock $209,600

Divided by Par value per share $0.40

Number of new common shares sold 524,000

Now  

Increase in capital surplus [$13,726,000 - $9,025,000 ] $4,701,000

Add:  Increase in common stock $209,600

Total proceeds from sale of new shares $4,910,600

Divided by Number of new common shares sold 524,000

Average price per share 9.37

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Explanation:

Giving the following information:

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lucy invests $800 in an account that earns 6.12% annual interest compounded continuously. juan invests $1600 in an account that
Len [333]

Answer:

Both their investments will reach a similar value in 32 years, 9 months and 8 days. Both accounts will have exactly $5,606.

Explanation:

Original investment:              $800 at 6.12%                    $1,600 at 3.9%          

future value 10 years                     $1,449                                $2,346

future value 20 years                   $2,624                                $3,439

future value 30 years                   $4,753                                $5,042

future value 31 years                    $5,044                                $5,238

future value 32 years                   $5,353                                $5,442

future value 33 years                   $5,681                                 $5,655

It will take over 32 years for both investments to match their amounts.

to determine the approximate month we start with the future value in 32 years:

                                                         $5,353                          $5,442

future value in 6 months                 $5,517                           $5,548

future value in 9 months                $5,599                           $5,601

future value in 9 months                                                                          

and 5 days                                      $5,603                           $5,604

future value in 9 months                                                                          

and 8 days                                      <u>$5,606</u>                           <u>$5,606</u>

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