Calculate the average price at which the shares were

Reference no: EM13602631

The balance sheet caption for common stock is:
Common stock, no par value, 7,000,000 shares authorized,
4,600,000 shares issues 4,450,000 shares outstanding $552,000,000.

(a.) Calculate the average price at which the shares were issued.

(b.) If these shares had been assigned a stated value of $10 each, show how the above caption would be different.

(c.) Calculate the total amount of cash that would be paid to stockholders if a cash dividend of $1.50 per share were declared.

Reference no: EM13602631

Questions Cloud

John wayne company is a major employer in the town in which : john wayne company is a major employer in the town in which you live. you have always had a high opinion of the

Complete a stores ledger card the on order columns should : the purchase and issues of rubber gaskets store ledger 11216 as shown in the records of lowe corporation for the month

Dolphin company predicts that it will use 25000 units of : dolphin company predicts that it will use 25000 units of material during the year. the expected daily usage is 200

Management of abc company is considering new production : management of abc company is considering new production robotics to replace some current manual labor operations for

Calculate the average price at which the shares were : the balance sheet caption for common stock is common stock no par value 7000000 shares authorized 4600000 shares issues

Calculate activity rates for each activity cost pool using : pressler corporations activity-based costing system has three activity cost pools-machining setting up and other. the

What is crosbys cost of equity capitalwhat would the cost : crosby industries has a debt-equity ratio of 1.5. its wacc is 9 percent and its cost of debt is 6 percent. there is no

Carbon-14 is a radioactive compound naturally in living : carbon-14 is a radioactive compound naturally in living organisms which decays after the organism dies. it has a half

Refer to the original data assume again that the company : refer to the original data. assume again that the company sold 18000 units last year. the president does not want to

User Account

All Pages