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nlexa [21]
3 years ago
11

Brown Fashions Inc.'s December 31, 2014 balance sheet showed total common equity of $4,050,000 and 290,000 shares of stock outst

anding. During 2015, the firm had $450,000 of net income, and it paid out $100,000 as dividends. What was the book value per share at 12/31/15, assuming no common stock was either issued or retired during 2015? (Round your final answer to two decimal places.)
Business
1 answer:
Illusion [34]3 years ago
3 0

Answer:

$15.17

Explanation:

Given that;

Beginning book value = $4,050,000

Net income = $450,000

Dividends = $100,000

Ending book value = Beginning book value + Net income - Dividends

Ending book value = $4,050,000 + $450,000 - $100,000

Ending book value = $4,400,000

Book value per share = Ending book value / Number of shares

Book value per share = $4,400,000 / 290,000

Book value per share = $15.17

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Yuliya22 [10]
It seems that you missed some of the options to answer this question, but anyway, here is the answer. Based on the given scenario above wherein Andy compares two stores selling the same model of mattresses, the one that Andy is experiencing is a non-price competition in a monopolistically competitive market. The answer would be the first option. Hope this helps.
6 0
3 years ago
Read 2 more answers
Which of the following will be included in the calculation of GDP using the expenditure​ method? A. A​ worker's wage B. A​ bank'
Verdich [7]

Answer:

C. A foreign​ consumer's purchase of domestic goods

Explanation:

Gross domestic product is the sum of all final goods and services produced in an economy within a given period which is usually a year.

GDP calculated using the expenditure approach = Consumption spending + Investment spending + Government Spending + Net Export

Net Export = export - import

A foreign​ consumer's purchase of domestic goods would be included in export.

I hope my answer helps you

6 0
3 years ago
One of the things that makes a triceratops unique when comparing it to other ceratopsidae is that it's frill?
alexgriva [62]

Lacks fenestrae makes a triceratops unique when comparing it to other Ceratopsidae.

Triceratops is characterized via a quick frill with a flat squamosal, an upturned caudal margin of the frill, the absence of fenestrae, and a midline epiparietal. Torosaurus is characterized by using an elongate frill with a straighter facet, a concave squamosal, and a shortage of upturning of the frill.

A year-long study by Yale university paleontologists concludes that two associated horned dinosaurs are different animals and not adult and juvenile versions of the same.

Now Scannella and Horner say that triceratops is simply the juvenile form of torosaurus. As the animal elderly, its horns changed shape and orientation and its frill became longer, thinner and less jagged. Eventually, it became fenestrated, producing the traditional torosaurus form.

Learn more about Triceratops here: brainly.com/question/24373044

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4 0
2 years ago
Meria Het, a footwear company, designs formal and casual footwear for White American women. However, to increase its customer ba
valkas [14]

Answer:

The dimension of social environment that is exemplified in this scenario is:

d. Diversity

Explanation:

A social environment constitutes the beliefs, values and customs of a people. Business operated on social environment since it involves the interaction with different groups of people who have a variety of beliefs, value and customs. These social values of people contribute to most of the economic decisions that they make, an example is; whether or not they will purchase a certain product or not depending on their cultural beliefs or practices associated with that product. It is there imperative to ensure that a business is fully aware of the type of social environment that they plan to carry out their business. The knowledge of the social environment a business operates in can be of great significance on how they relate to that particular environment. Research has shown that most businesses that are successful have some knowledge on how to handle their social environment.

Organizations can utilize different aspects of the social environment to be successful. One such example is diversity. Diversity as an aspect of social environment is the act of targeting different social groups either through marketing or product specification to appeal to distinct social groups.

7 0
3 years ago
During May, Darling Company incurred factory overhead costs as follows: indirect materials, $2,250; indirect labor, $6,370; util
Hunter-Best [27]

Answer:

factory overheads $14,600 (debit)

indirect materials, $2,250 (credit)

indirect labor, $6,370 (credit)

utilities cost, $2,660 (credit)

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Explanation:

The factory overheads account is debited with factory overheads actually incurred during the period.

Overheads applied to work in process are credited in the overheads account.

This leaves the balance of over or under-applied overheads on either the debit or credit of this account.

4 0
3 years ago
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