Common Products has just made its first issue of stock. It raised $1.2 million by selling...
Common Products has just made its first issue of stock. It raised $1.2 million by selling 150,000 shares of stock to the public. These are the only shares outstanding. The par value of each share was $3. Complete the following table: (Enter your answers in dollars, not in millions.)
| common stock (par value) | |
| Additional paid-in capital | |
| Retained earnings | |
| net common equity | 1,600,000 |
Homework Answers
| Particular | Amount |
| Common Equity (par value) | $450,000 |
| Additional paid-in capital | $750,000 |
| Retained earnings | $0 |
| Net Common Equity | $1200,000 |
Note- 1.Common Equity (Par Value)= Par Value per share*No of shares outstanding
=$3*150,000
=$450,000
2. Additional paid-in capital= Amount raised on issue - Common Equity at par value
=$1200,000 - $450,000
=$750,000
Additional paid-in capital is the excess money raise over the Par Value.
3. Retained Earnings information is not provided.
Add Answer to:
Common Products has just made its first issue of stock. It
raised $1.2 million by selling...
Common Products has just made its first issue of stock. It raised $2.5 million by selling...
Common Products has just made its first issue of stock. It raised $2.5 million by selling 100,000 shares of stock to the public. These are the only shares outstanding. The par value of each share was $3. Complete the following table: (Enter your answers in dollars, not in millions.) Common stock (par value) Additional paid-in capital Retained earnings Net common equity $ 2,800,000
Common Products has just made its first issue of stock. It raised $1.1 million by selling...
Common Products has just made its first issue of stock. It raised $1.1 million by selling 50,000 shares of stock to the public. These are the only shares outstanding. The par value of each share was $2. Complete the following table: Common Stock (per value) Additional paid-in capital Retained earnings Net common equity $1,400,000
Spridget Company has 1 million shares of common stock authorized with a par value of $3...
Spridget Company has 1 million shares of common stock authorized with a par value of $3 per share, of which 600,000 shares are outstanding. The company received $7 per share when it issued shares to the public. Required: What is the book value of the Common stock par account and the Additional paid-in capital account? (Enter your answers in whole dollars rather than millions of dollars.) Book value of common stock reported Book value of conting paid for Book value...
Initial sale price of common stock Hudson-Perry Recordings Inc has one issue of preferred stock and...
Initial sale price of common stock Hudson-Perry Recordings Inc has one issue of preferred stock and one issue of common stock outstanding. Given their stockholders equity account that follows, determine the original price per share at which the firm sold its single issue of common stock. Stockholders' Equity ($000) Preferred stock Common stock ($0.22 par, 1,410,000 shares outstanding) Paid-in capital in excess of par on common stock Retained earnings Total stockholders' equity $225 310 19,454 1,791 The original price per...
Distinguishing Between Common Stock and Additional Paid-in Capital Following is the stockholders' equity section from the...
Distinguishing Between Common Stock and Additional Paid-in Capital Following is the stockholders' equity section from the Cisco Systems Inc. balance sheet for the third quarter of fiscal 2019. Shareholders' Equity (in millions, except par value) April 27, 2019 Preferred stock, no par value: 5 shares authorized; none issued and outstanding Common stock and additional paid-in capital, $0.001 par value: 20,000 shares authorized; 4,313 shares issued and outstanding 40,577 Retained earnings (Accumulated deficit) (2,877) Accumulated other comprehensive income (loss) (896) Total...
If a firm has retained earnings of $2.6 million, a common shares account of $4.6 million,...
If a firm has retained earnings of $2.6 million, a common shares account of $4.6 million, and additional paid-in capital of $9.2 million, how would these accounts change in response to a 10 percent stock dividend? Assume market value of equity is equal to book value of equity. (Enter your answers in dollars not in millions. Input all amounts as positive values. Indicate the direction of the effect by selecting "increase," "decrease," or "no change" from the drop-down menu.) Reatained...
The common stock of KRJ Enterprises is currently selling for $32.28 per share. Last year the...
The common stock of KRJ Enterprises is currently selling for $32.28 per share. Last year the company reported total earnings of $366 million and there were 200 million shares of common stock outstanding. The common stock account is valued at $36 million, additional paid-in capital is $60 million, and retained earnings is $317 million. What was the company's book value per share? Present your answer to two decimal places (e.g., $20.00.) Please show all steps.
Carrie D's has 6.0 million shares of common stock outstanding, 3.0 million shares of preferred stock...
Carrie D's has 6.0 million shares of common stock outstanding, 3.0 million shares of preferred stock outstanding, and 20.00 thousand bonds. If the common shares are selling for $29.10 per share, the preferred share are selling for $29.00 per share, and the bonds are selling for 108.90 percent of par, what would be the weight used for equity in the computation of Carrie D's WACC? Multiple Choice Ο 33.33% Ο 61.61% Ο 66.52% Ο 66.67% Town Crier has 6.3 million...
OMG inc. has 5 million shares of common stock outstanding, 4 million shares of preferred stock...
OMG inc. has 5 million shares of common stock outstanding, 4
million shares of preferred stock outstanding, and 6,000 bonds.
Suppose the common shares are selling for $19 per share, the
preferred shares are selling for $28 per share, and the bonds are
selling for 108 percent of par.
What would be yhe weight used for equity in the computation of
OMG's WACC? (Round answer to 2 decimal places.)
Can someone explain how you got your answer please?
OMG Inc....
Digital Fruit is financed solely by common stock and has outstanding 37 million shares with a...
Digital Fruit is financed solely by common stock and has outstanding 37 million shares with a market price of $10 a share. It now announces that it intends to issue $280 million of debt and to use the proceeds to buy back common stock. There are no taxes. a. What is the expected market price of the common stock after the announcement? b. How many shares can the company buy back with the $280 million of new debt that it...
Common Products has just made its first issue of stock. It raised $2.5 million by selling 100,000 shares of stock to the public. These are the only shares outstanding. The par value of each share was $3. Complete the following table: (Enter your answers in dollars, not in millions.) Common stock (par value) Additional paid-in capital Retained earnings Net common equity $ 2,800,000
Spridget Company has 1 million shares of common stock authorized with a par value of $3 per share, of which 600,000 shares are outstanding. The company received $7 per share when it issued shares to the public. Required: What is the book value of the Common stock par account and the Additional paid-in capital account? (Enter your answers in whole dollars rather than millions of dollars.) Book value of common stock reported Book value of conting paid for Book value...
Initial sale price of common stock Hudson-Perry Recordings Inc has one issue of preferred stock and one issue of common stock outstanding. Given their stockholders equity account that follows, determine the original price per share at which the firm sold its single issue of common stock. Stockholders' Equity ($000) Preferred stock Common stock ($0.22 par, 1,410,000 shares outstanding) Paid-in capital in excess of par on common stock Retained earnings Total stockholders' equity $225 310 19,454 1,791 The original price per...
Distinguishing Between Common Stock and Additional Paid-in Capital Following is the stockholders' equity section from the Cisco Systems Inc. balance sheet for the third quarter of fiscal 2019. Shareholders' Equity (in millions, except par value) April 27, 2019 Preferred stock, no par value: 5 shares authorized; none issued and outstanding Common stock and additional paid-in capital, $0.001 par value: 20,000 shares authorized; 4,313 shares issued and outstanding 40,577 Retained earnings (Accumulated deficit) (2,877) Accumulated other comprehensive income (loss) (896) Total...
Carrie D's has 6.0 million shares of common stock outstanding, 3.0 million shares of preferred stock outstanding, and 20.00 thousand bonds. If the common shares are selling for $29.10 per share, the preferred share are selling for $29.00 per share, and the bonds are selling for 108.90 percent of par, what would be the weight used for equity in the computation of Carrie D's WACC? Multiple Choice Ο 33.33% Ο 61.61% Ο 66.52% Ο 66.67% Town Crier has 6.3 million...
OMG inc. has 5 million shares of common stock outstanding, 4
million shares of preferred stock outstanding, and 6,000 bonds.
Suppose the common shares are selling for $19 per share, the
preferred shares are selling for $28 per share, and the bonds are
selling for 108 percent of par.
What would be yhe weight used for equity in the computation of
OMG's WACC? (Round answer to 2 decimal places.)
Can someone explain how you got your answer please?
OMG Inc....
Digital Fruit is financed solely by common stock and has outstanding 37 million shares with a market price of $10 a share. It now announces that it intends to issue $280 million of debt and to use the proceeds to buy back common stock. There are no taxes. a. What is the expected market price of the common stock after the announcement? b. How many shares can the company buy back with the $280 million of new debt that it...
Most questions answered within 3 hours.
-
Suppose that on a temperature scale X, water boils at 203.0°X
and freezes at -105.7°X. What...
asked 41 minutes ago -
BaS crystallizes in a cubic unit cell with S2- ions on each
corner and each face....
asked 1 hour ago -
A. 0≤P(Oi)≤10≤P(Oi)≤1 for each i
B. P(Oi)≤0P(Oi)≤0
C. P(Oi)=1+P(OCi)P(Oi)=1+P(OiC)
D. P(Oi)≥1P(Oi)≥1
If an experiment consists of...
asked 2 hours ago -
A battery has an emf of 9.20V and an internal resistance of 1.20
ohm. a)What resistance...
asked 2 hours ago -
The area of an elastic circular loop decreases at a constant
rate, dA/dt = −6.60×10−3 m2/s...
asked 3 hours ago -
The denaturation of proteins can be described by the
equilibrium
F⇌U
where F and U represent...
asked 5 hours ago -
Please answer what the maximum and minimum force is, and the
angle on the ion is...
asked 5 hours ago -
implement a program that reads a number of rows and a symbol.
The program will draw...
asked 5 hours ago -
Assume that when adults with smartphones are randomly selected,
45% use them in meetings or classes....
asked 5 hours ago -
Determine the number of formula units of
Na2SO4 and moles of oxygen contained in 8.11
moles...
asked 5 hours ago -
Explain in steps on the following code
What would be the output when executed
using System;...
asked 5 hours ago -
Given the information in the table, which of the following
statements is CORRECT?
Stock A
Stock...
asked 5 hours ago