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
damaskus [11]
3 years ago
9

An analyst gathers the following information about Meyer, Inc.: Meyer has 1,000 shares of 8% cumulative preferred stock outstand

ing, with a par value of $100 and liquidation value of $110. Meyer has 20,000 shares of common stock outstanding, with a par value of $20. Meyer had retained earnings at the beginning of the year of $5,000,000. Net income for the year was $70,000. This year, for the first time in its history, Meyer paid no dividends on preferred or common stock. a. Calculate the total book value of Meyer's common stock. b. What is the book value per share of Meyer's common stock
Business
1 answer:
TiliK225 [7]3 years ago
5 0

Answer and Explanation:

The computation is shown below

a. Total book value is

= Equity par value + retained earnings + net income

= 20,000 shares × $20 + $5,000,000 + $70,000

= $5,470,000

b. The book value per share is

= Equity book value ÷ number of shares

= $5,470,000 ÷ 20,000shares

= $273.50

Hence, the total book value and book value per share is $5,470,000 and $273.50 respectively

You might be interested in
_____________ is the act of obtaining a desired object from someone by offering something in return.
Vaselesa [24]

Exchange

<span>Exchange is simply the act of the of giving and receiving between two individuals or two groups. A trade is a typical example of an exchange. For instance, if a farmer gives a fixed number of eggs to another farmer for a fixed quantity of cow’s milk, this is an exchange.  Similarly, if a house guest offers to cook and clean in return for free accommodation, this is an exchange. </span>

8 0
3 years ago
U.S. T-bill auction rates The interest yields on U.S. Treasury securities in early 2009 fell to very low levels as a result of t
hammer [34]

Answer:

3 month T bill Discount =6.07 Price of bill=10000 Simple yield =6.07 ×100/10000=0.0607% Simple YEILD =0.0607% Annual YEILD...

Explanation:

4 0
3 years ago
Coca-Cola spent $102 million through The Coca-Cola Campaign focusing on water stewardship, healthy and active lifestyles, commun
olga_2 [115]

Answer:

True

Explanation:

The concept of corporate social responsibility refers to acting socially responsible via discharge of social obligations by a corporate. The concept recognizes the fact that a business derives it's resources, manpower and other needs from the society.

Thus, it is essential for a business to act socially responsible via judicial use of the resources, acting in the interests of the society by contributing towards education and other amenities such as drinking water and sanitation services.

In the given case, Coca cola spending $102 million towards water stewardship, healthy and active lifestyle, community recycling and education is an example of it's CSR program. Since the activities do not form part of the company's business activities and are separate.  

6 0
3 years ago
Manning Company uses the percentage of receivables method for recording bad debts expense. At the end of the year (before adjust
Lynna [10]

Answer:

c) $22,000

Explanation:

Find the attachment below

3 0
3 years ago
The ability of households to consume is restrained by:
deff fn [24]

Answer:

a.consumer choices

Explanation:

why because the consumers picks the households

4 0
3 years ago
Other questions:
  • Which of the following marketing variables is concerned with design, quality, and packaging? O A. Promotion O B. Place O C. Pric
    13·1 answer
  • Sale of partnership interestThe partners in the Biz Partnership have agreed that partner Mandy may sell her $100,000 equity in t
    13·1 answer
  • Every source has at least some type of _____.
    9·2 answers
  • In a department meeting, javier shares some research on new software he thinks the company should purchase. roger agrees with ja
    11·1 answer
  • Arielle, a successful banker and educator, has decided to retire, but she is very interested in staying involved with a company
    12·1 answer
  • BRAINLIEST TO FIRST CORRECT ANSWER TY
    10·1 answer
  • Which type of portfolio might a young investor who is not afraid of risk choose? a portfolio of with a high percentage of stocks
    7·1 answer
  • The provisions of the Mayflower Compact would influence later documents
    13·1 answer
  • When should an Accountant user use the Write Off tool in QuickBooks Online?
    8·1 answer
  • The Chilton Corporation specializes in manufacturing one type of desk lamp. Chilton allocates variable manufacturing overhead co
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!