Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Calculation of number of stock outstanding.
The information below relates to Question No. 2
The stockholders' equity section of the balance sheet of Garson Fashions, Inc., at December 31, 2008 appears as follows:
Stockholders' equity:
7% preferred stock, $100 par, callable at $105. 50,000 shares authorized, 60,000 shares issued ...................
$6,000,000
Common stock, $2 par, 600,000 shares authorized, 400,000 shares issued, of which 30,000 are held in treasury ................................
800,000
Additional paid-in capital:
From issuance of preferred stock................................
680,000
From issuance of common stock .........................................................................
1,720,000
From treasury stock transactions .....................................................................
60,000
From common stock dividends ...........................................................................
400,000
Total paid-in capital ..........................................................................
$9,660,000
Retained earnings ($240,000 equal to cost of treasury stock is not available for dividends) ............................................................
2,400,000
$12,060,000
Less: Treasury stock (at cost 30,000 common shares) ........................................
(240,000)
Total stockholders' equity ......................................................................
$11,820,000
Answer the following question based on the stockholder's equity section given above. The company purchased no treasury stock before 2008. Please show your work to receive partial credit in the event that your final answer is incorrect.
a. How many shares of common stock are outstanding?
b. What was the average issue price per share of preferred stock?
Multiple questions on cash flows and What was the loan balance when you sold the property and What was the remaining term when you sold the property?
Evaluate the unit contribution margin and the contribution margin ratio - Armstrong Helmet Company manufactures a unique model of bicycle helmet.
Calculation of unit sales volume where income equals costs - Evaluate the company's breakeven point, i.e., at what unit sales volume would income equal costs?
Investigate how the concepts of dividend policy, cost of capital, and other aspects of corporate financial management theory learned in this course affect the financial profile of the firm your group has selected.
Determine the approximate amounts for the current year's balances in the form of a balance sheet and income statement using financial ratios.
Budgeting involves computation of cash budget - which is also its minimum required cash balance. There is an outstanding loan of $2,000 on March 1. Prepare a cash budget for March, April, and May.
At the end of the year, the firm's records revealed the following actual cost and operating data for all cases handled during the year.
Evaluate the correct inventory amount
Prepare a Balanced Scorecard for the unit of an organization of your choosing (Red Lobster).The organization may be Red Lobster (the restaurant).
Evaluate the long-term borrowings in AF's balance sheet and the related note.
The extent of internal control features adopted by a company must be evaluated in terms of cost-benefit and Companies that fail to maintain an adequate system of internal control
What was the average issue price per share of preferred stock and How many shares of common stock are outstanding?
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd