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]
2 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]2 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
Define the term Agriculture​
Rufina [12.5K]

Answer:

the science or practice of farming, including cultivation of the soil for the growing of crops and the rearing of animals to provide food, wool, and other products. Agriculture was the key development in the rise of sedentary human civilization, whereby farming of domesticated species created food surpluses that enabled people to live in cities.

Explanation:

5 0
3 years ago
Read 2 more answers
Why are capital appreciation bonds (CABs) a controversial way for local governments to finance projects?
denis-greek [22]

Answer:

See explanation section

Explanation:

Municipal security from which an investor will receive a return on investment from an initial principal is called a capital appreciation bond. However, in this security, the return on investment will be reinvested further until the security matures at a specific rate. The primary purpose of the CABs is to permit the local authority to generate revenue. Due to the financing in the innovative project without increasing the tax is one of the controversial ways for local governments to finance projects. Another controversial way is to owe investors more than what they acquired.

8 0
3 years ago
Edgar accumulated $5,000 in loan debt. If the interest rate is 20% per year and he does not make any payments for 2 years, how m
hodyreva [135]

Answer:

Edgar

The amount he will owe on this debt in 2 years for quarterly compounding is:

= $7,387.28

Explanation:

Accumulated loan debt = $5,000

Interest rate per year = 20%

Period of loan = 2 years

Interest compounding = quarterly

From an online financial calculator:

N (# of periods)  8

I/Y (Interest per year)  20

PV (Present Value)  5000

PMT (Periodic Payment)  0

Results

FV = $7,387.28

Total Interest $2,387.28

3 0
3 years ago
Sometimes there is a backlash from employees regarding mandatory diversity training. One possible solution that has some researc
natta225 [31]

Answer:

Option C

Explanation:

In simple words, the basic solution to create and maintain healthy diverse environment throughout the organisation is to create a culture that encourage employees to accept each others differences.

Creating such culture will help the trainer to implement the training procedures. Such activities and decisions will lead to less conflicts and more positive results.

7 0
3 years ago
Product Managers are expected to collaborate in planning the amount of upcoming Enabler work by establishing what?
Ann [662]

<u>Answer: </u>

Product Managers are expected to collaborate in planning the amount of upcoming Enabler work by establishing capacity allocation:

<u>Explanation: </u>

  • For the work that is upcoming, team backlog prioritization has nothing to do as it is done when there is a need to finish the pending work before the next work is allotted.
  • By performing capacity allocation, the right personnel and resources can be implemented for the right work well before the work is handed over.

7 0
3 years ago
Other questions:
  • Suppose there is a policy debate over whether the United States should impose trade restrictions on imported ball bearings:_____
    11·1 answer
  • Which of the following tools would be used to tighten a nut or bolt with a precise amount of twisting
    5·1 answer
  • Your consulting division is finding that competition for experienced business consultants who earn clients’ trust is intense. Fu
    12·2 answers
  • When a company’s organizational design changes, effective managers should also anticipate doing which of the following?
    12·1 answer
  • Todd Haitz works at a retail store selling sports equipment. His daily tasks include opening the store, creating the work schedu
    9·1 answer
  • Hamlet sends two letters announcing his return to england, one to horatio and one to claudius. why might shakespeare have chosen
    13·1 answer
  • A university conducts a survey of students, which shows that a 10 percent tuition hike would lead to a 7 percent decrease in the
    10·1 answer
  • The competitive test that a business plan must pass to attract financing from lenders and investors involves proving ________. G
    13·1 answer
  • 14) Which of the following is an attempt by a fim to increase the demand for its product? (3SEMI21
    8·1 answer
  • Pay the first monthly installment of $2,011 related to the $104,000 long-term note payable borrowed in january 1. Round your int
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!