What is the total paid-in capital of the company

Assignment Help Accounting Basics
Reference no: EM131059495

The balance sheet of Ballcraft, Inc., reported the following:

Preferred stock, $6 par, 6% 5,000 shares authorized and issued                                   $30,000

Common stock, $4,000 par value, 45,000 shares authorized 10,000 shares issued   $40,000

Additional paid-in capital-common                                                                                        $219,000

Total paid-in capital                                                                                                                   $289,000

Retained earnings                                                                                                                      $90,000  

Total stockholders' equity                                                                                                        $379,000

Preferred dividends are in arrears for two years, including the current year. On the balance sheet date, the market value of the Ballcraft common stock was $31 per share.

1. Is the preferred stock cumulative or noncumulative? How can you tell?

2. What is the total paid-in capital of the company?

3. What was the total market value of the common stock? (Show all work)

4. Compute the book value per share of the common stock. (Show all work)

Reference no: EM131059495

Questions Cloud

Calculate the present value of plan a : Calculate the present value of Plan B. (Show all work) Axel will purchase the equipment that costs the least, as measured by present value. Which equipment should Axel select? Why?
How to implement an array : Describe an algorithm that, given n integers in the range 0 to k, preprocesses its input and then answers any query about how many of the n integers fall into a range [a,b] in O(1) time. Your algorithm should use Θ(n+k) preprocessing time. Provide..
Systems investigation and analysis considerations : See the Web site for this book to read about the Whitmann Price Consulting case for this chapter. Following are questions concerning this Web case.
Estimate the capital cost of this biorefinery : Biomass Processing Technology 2015-2016 Coursework. Estimate the capital cost of this biorefinery, by referring to the capital cost figures reported for relevant/similar processes given in the lectures of this module or in the open literature. Appl..
What is the total paid-in capital of the company : Is the preferred stock cumulative or noncumulative? How can you tell? What is the total paid-in capital of the company?
Find the acceleration of the block : A 10 kg block is sitting on a ramp inclined at 30 degrees above the horizontal. A horizontal force of 5 N is applied to the block horizontally to the right. If the coefficient of kinetic force is .2, find the acceleration of the block.
Determine the average velocity : The distance of an object from a startin gpoint is given by s(t)=5t^2-9t+90, where t is time in seconds. A. Determine the average velocity of the object from 2 seconds to 4 seconds.
What is the sound intensity level : 1. What is the sound intensity level (in decibels) of a single motorcycle engine at 3m. 2. If both motorcycles are 3m away, what is the sound intensity level (in decibels) of the sound from both of their engines combined?
Pursue the development of a cts : Orange Country, Florida, is proposing the construction of a light rail project to alleviate traffic congestion, strategically revitalize some depressed areas of Orlando, and promote economic growth. The current political administration also has ma..

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd