1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ivann1987 [24]
3 years ago
15

Hoover Inc. has current assets of $350,000 and fixed plant assets of $650,000. Current liabilities are $100,000 and long-term li

abilities are $250,000. There is $120,000 in preferred stock outstanding and the firm has issued 10,000 shares of common stock. Compute book value (net worth) per share $53.00. $75.00. $65.00. $84.00.
Business
1 answer:
frozen [14]3 years ago
8 0

Answer:

$53.00

Explanation:

The computation of book value is shown below:-

But before that we need to determine the net asset which is

Net asset = Total asset - Total liabiliites

= ($350,000 + $650,000) - ($100,000 - $250,000)

= $1,000,000 - $350,000

= $650,000

Now

Value per share= (Net asset - preference share) ÷ number of common stocks

= ($650,000 - $120,000 ) ÷ 10,000 shares

= $530,000 ÷  10,000

= $53 per share

You might be interested in
The rate card for a magazine mentioned that the one-time cost for a full-page black-and-white ad was $930. The magazine had a to
11111nata11111 [884]

Answer:

Magazine's cost per thousand (CPM) = $62

Explanation:

Given:

Cost per card = $930

Total number of cards = 15,000

Find:

Magazine's cost per thousand (CPM)

Computation:

Magazine's cost per thousand (CPM) = [Cost per card x 1,000] / Total number of cards

Magazine's cost per thousand (CPM) = [930 x 1,000] / 15,000

Magazine's cost per thousand (CPM) = 930,000 / 15,000

Magazine's cost per thousand (CPM) = $62

5 0
3 years ago
The distribution department at Golden Grains Wheat Company has decided to adopt the FIFO (first in, first out) method of invento
Akimi4 [234]

Answer:

Option B "functional strategy " is the correct option.

Explanation:

  • A functional approach or strategy is necessarily connected to operations and maintenance-level decision-making, also recognized as tactical changes.
  • Those same tactical decisions were mostly applied to different operational departments such as business, research as well as development, human resources, warehousing, logistic support, amongst others.

And therefore this strategy demonstrates best the specific situation.

6 0
3 years ago
Gilda has an idea that would streamline​ operations, reduce​ costs, and increase profits. Her idea requires the cooperation of s
Jet001 [13]

Answer:

Evidence based.

Explanation:

Evidence: It is something that furnishes proof or testimony or something legally submitted to ascertain in the truth of matter.

Evidence basedis the conscientious (effort), explicit (clarity) and judicious (critical of quality) use of the best available evidence from multiple sources to increase the likelihood of a favourable outcome.

Characteristics:

- It’s about the process

- It’s not about certainties (this will work)

- It’s is about probabilities and likelihoods

- It is about reducing uncertainty (given our context this is more likely to lead to the outcome we want than doing something else or doing nothing)

7 0
3 years ago
Suppose that a decrease in the price of good X results in fewer units of good Y being sold. This implies that X and Y are A. sub
steposvetlana [31]

Answer: Option (A) is correct.

Explanation:

Good X and Good Y are substitute goods. Substitute goods are the goods that can be consumed in place of each other. There is a positive relationship between the price of one good and the demand for its substitute good. For example; tea and coffee. If the price of tea increases then as a result demand for coffee increases, because drinking tea become more expensive for the consumers as compared to the coffee. So, the demand for coffee increases, despite its price remains the same.

6 0
3 years ago
When a firm declares bankruptcy, Group of answer choices the claims of preferred shareholders are honored before those of the co
Sedaia [141]

Answer:

the maximum that shareholders can lose is their original investment in the firm's stock AND the claims of preferred shareholders are honored before those of the common shareholders.

Explanation:

          Bankruptcy may be defined as the legal proceedings that involves a person or a business where the person or the business firm is not able to repay the debts that are outstanding. When a firm or a person files a bankruptcy, there is an automatic stay put by the court that blocks the debts.

         In case of bankruptcy the different shareholders of the firm losses a maximum of their original investment that they have done in the firm while purchasing the stocks. And also the claims of the preferred shareholders are being honored first than those of common shareholders.

6 0
3 years ago
Other questions:
  • Suppose that during the most recent fiscal year, the an- nual revenue of Acme Computer was 138 billion dollars and its net profi
    7·1 answer
  • The Chambers Manufacturing Company recorded overhead costs of $14,182 at an activity level of 4,200 machine hours and $8,748 at
    11·1 answer
  • Identify which of the following statements is true. A. A corporation that accrues compensation payable to an employee must pay t
    6·1 answer
  • On March 15, 2015, Viking Office Supply agrees to accept $1,200 in cash along with a $2,800, 60-day, 15 percent note from R. Roy
    12·1 answer
  • can be described as high on _______________ if as a manager, he has always been driven by trying out new ideas, scheduling, dire
    10·1 answer
  • A company is trying to decide whether to go ahead with an investment opportunity that costs $90,000. The expected incremental ca
    10·1 answer
  • You are a management accountant for Time Treasures Company, whose company has recently signed an outsourcing agreement with Spot
    12·1 answer
  • Three months ago, Central Supply stock was selling for $51.40 a share. At that time, you purchased five put options on the stock
    13·1 answer
  • When working with international firms, U.S. businesses Multiple Choice expect socially responsible behavior from their business
    15·1 answer
  • An investment has a beta of 0.9. the risk-free rate of return is 8 percent, while the return on the market portfolio of assets i
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!