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Bingel [31]
2 years ago
5

The stockholders’ equity section of Fauberg Marigny Corporation at December 31 is as follows.

Business
1 answer:
KengaRu [80]2 years ago
3 0

Answer:

1. 295,000 shares

2. $10 per share

3. $60 per value

4. 6%

5. $2,046,400

Explanation:

1. Calculation for How many shares of common stock are outstanding

Outstanding common stock 300,000 shares

Less Common shares 5,000

Common shares outstanding 295,000 shares

2. Calculation for the stated value of the common stock

Stated value of the common stock

$1,500,000/150,000

Stated value of the common stock = $10 per share

3. Calculation for What is the par value of the preferred stock

Par value of the preferred stock=$300,000/5,000

Par value of the preferred stock=$60 par value

4. Calculation for dividend rate on preferred stock

Dividend rate on preferred stock=$18,000/$300,000 = 6%

5. Calculation for what would be the balance in Retained Earnings

Balance in Retained Earnings= $2,050,000 -$36,000

Balance in Retained Earnings=$2,046,400

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Answer:

$221,500

Explanation:

The computation of the amount of the goodwill is shown below:

Goodwill = Acquiring value - fair market value of all assets

where,

Acquiring value = $502,000

And, the fair market value of all assets is

= Account receivable market value + inventory market value + fixed assets market value + other assets market value

= $35,000 + $183,000 + $46,500 + $16,000

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So, the goodwill is

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3 years ago
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Answer:

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Explanation:

We have given operating income = $29000

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When investors give computer instructions to sell automatically to avoid potential losses if their stock price dips to a certain
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When investors give computer instructions to sell automatically to avoid potential losses if their stock price dips to a certain point, it is called program trading.

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2 years ago
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"North Shore Community College reimburses faculty members $.535 cents per mile to go to a workshop. Professor Wales submitted he
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Answer:

$347.81

Explanation:

Data provided in the question

Cents per mile to go to workshop = $0.535

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3 years ago
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