The following partial information is taken from the comparative balance sheet of levi corporation: shareholders’ equity 12/31/2018 12/31/2017 common stock, $5 par; 32 million shares authorized; 27 million shares issued and 21 million shares outstanding at 12/31/2018; and shares issued and outstanding at 12/31/2017. $ 135 million $ 105 million additional paid-in capital on common stock 519 million 391 million retained earnings 196 million 156 million treasury common stock, at cost, 6 million shares at 12/31/2018 and 4 million shares at 12/31/2017 (71 million) (49 million) total shareholders’ equity $ 779 million $ 603 million how many of levi's common shares were outstanding on 12/31/2017? multiple choice 26 million. 21 million. 17 million.

17 million

Explanation:

The computation of the outstanding common shares is shown below:

= Number of common shares outstanding - treasury common stock

where,

Number of common shares outstanding = Total value of the common shares ÷ par value of the share

=  $105 million ÷ $5

= 21 million

And, the  treasury common stock is 4 million

Now put these values to the above formula  

So, the value would equal to

= 21 million - 4 million

= 17 million

I would need to pay Interest of $3150.44 in year 2

Explanation:

First Calculate annual Payment

The Principle is $ 47400, Therefore PV =$47400

Interest rate provided is 7.5% , Therefore i = 7.5%

Interest is compounded Annually, Therefore P/YR = 1

Period over which loan is to be repaid is 7 years, Therefore N = 7

Payments are made at the end of year

Using Financial Calculator for (PV =$47400, i = 7.5%, P/YR = 1,N = 7) The payment to be made annually is $8949.13

Then Determine Interest to be paid in Year 2 from Amortization Schedule

Principle payment of $5394.13 is made

And Interest paid $ 3555 is paid

Leaving the Balance to be paid at $ 42005.87

Principle payment is $ 7440.57

Interest interest paid is $ 3150.44

Leaving a remaining balance of $36207.17 to be paid