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melamori03 [73]

3 years ago

6

Does Apple's common stock have a par value? If so, how much was the reported par value per share? How many shares of common stoc

k were issued at the end of each fiscal year?

1 answer:

vlabodo [156]3 years ago

7 0

The par value for shares of Apple is $0.000015

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Mays, Inc. had net income for 2014 of $1,060,000 and earnings per share on common stock of $5. Included in the net income was $1

Rainbow [258]

Answer:

The dividends on common stock in 2014 for Mays, Inc was:

Dividends paid=$2650

Explanation:

1. You must follow the formula below to find out the Dividends Paid by Mays inc,

Payout ratio = (dividends paid/net earnings for the period) x 100 then,

Dividends paid= (Payout Ratio/100) x net earnings for the period

Dividends paid= (25%/100)x$ 1'060.000

Dividends paid=$2650

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3 years ago

Suppose a basket of goods and services has been selected to calculate the consumer price index (CPI) and 2002 has been chosen as

Rudiy27

Answer:

b.100 in 2002

Explanation:

This question can be solved without any calculations. When calculating consumer price index, the CPI for the year chosen as base is always 100. In this case, 2002 was chosen as the base year and, therefore, the CPI was 100 in 2002. Since that is one of the alternatives, no further steps are required and the answer is alternative b.

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3 years ago

Review on 5 more minutes by Scotty McCreery

Shtirlitz [24]

Answer:

ok

Explanation:

5 0

3 years ago

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Comfort Mattresses, Inc. sold 26,000 shares of its $1 par value common stock at a cash price of $12 per share. The entry to reco

Mariulka [41]

Answer: A. Debit Cash $312,000; credit Common Stock $26,000; credit Paid-in Capital in Excess of Par Value. Common Stock $286,000.

Explanation:

Par Value of stock = 26,000 * 1 = $26,000

Cash received = 26,000 * 12 = $312,000

Paid in Capital in excess of Par, Common stock = 312,000 - 26,000 = $286,000

Cash would be debited by the amount received.

Common Stock would be credited by the Par value of $26,000

Paid in Capital in excess of Par will be credited as well for $286,000.

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3 years ago

You've just won the lottery! Your winnings will be paid as a monthly annuity of $1,000 per month for 50 years. Assume an interes

irinina [24]

Answer:

$119,220.57

Explanation:

in order to calculate the present value of your lottery winnings, we can use the present value annuity factor:

present value = monthly payment x annuity factor (PV annuity factor, ¹⁰/₁₂%, 600 periods)

monthly payment = $1,000
annuity factor = 119.22057

present value = $1,000 x 119.22057 = $119,220.57

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3 years ago