An analyst gathers the following information about meyer, inc.: meyer has 1,000 shares of 8% cumulative preferred stock outstanding, 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.what is the book value per share of mayer's common stock?
Solved
Show answers
More tips
- H Health and Medicine How to Cure Adenoids?...
- H Health and Medicine Why Wearing a Back Brace Can Be Beneficial During Back Strain?...
- S Sport When and Where Will the 2014 World Cup be Held?...
- C Computers and Internet How to Choose a Monitor?...
- H Horoscopes, Magic, Divination Where Did Tarot Cards Come From?...
- S Style and Beauty How to Make Your Lips Fuller? Ideas and Tips for Beautiful Lips...
- C Computers and Internet How to Learn to Type Fast?...
- A Art and Culture Who Said The Less We Love a Woman, the More She Likes Us ?...
Answers on questions: Business
- B Business Eastern National Bank installed a wireless encryption device in January 2007. The device cost $180,000. At the time the device was installed, Eastern estimated that...
- B Business You are working at the campus bookstore, earning $9.00 per hour. Your manager tells you that in the upcoming year, you will get a 2% raise. a. What is the approximate...
- B Business If the price elasticity of supply is 0.5 and the quantity supplied decreases by g 6%, then the price must:...
- B Business Inflation imposes many costs on the economy: shoe-leather costs, money illusion, menu costs, wealth redistribution, price confusion, future price level uncertainty,...
- B Business 3. Choose a business industry you are familiar with and visit your town’s municipal site regarding business licenses. What type of license would be required for that...
- B Business Ricardo uses his personal vehicle in his sole proprietorship. He keeps no records of any kind regarding his business use of the car and doesn t really know for certain...
- B Business The production department is proposing the purchase of an automatic insertion machine. it has identified 3 machines and has asked the accountant to analyze them to...
- B Business Arborview plant science company has invented a drought resistant grass seed that only needs watering three times each year. in order to expand distribution world...
- B Business Walter worked nights as a clerk in a fast-food store. on his last work shift, walter s boss told him, i m really grateful for the year that you have worked here....
- B Business Savanna combs opened a clothing boutique two years ago. unfortunately, the boutique failed after 18 months. savanna attributes the failure of her boutique to the...
Ответ:
common stock book value: 273.5 dollars
Explanation:
(equity - preferred stock) / outstanding shares
In this case:
(common stock + RE) divide over shares outstanding
20,000 shares x $ 20 = 400,000
Retained Earnings:
5,000,000 + 70,000 = 5,070,000
Total Common Equity: 5,470,000
Common stock: 20,000
5,470,000 / 20,000 = 273.5
Ответ:
Vocational counselors group career and occupation specialties into 16
career clusters.