Homework Answers
Total shareholder's equity =book value of preferred stock+book value of common stock
$734,400 =1800*$100+ Book value of common shares
book value of common shares = $734,400-$180,000
=$554,400
Total number of common shares = 33,000
Book value per common shares = total book value/number of common shares
=$554,400/33,000
=$16.8
Please upvote if you find this helpful. In case of query please comment.
SOLUTION :
Book value per share
= (Shareholders’ equity - Preferred shares value) / No. of common equity shares
= (734400 = 1800*100) / 33000
= 16.8 ($) : First Option (ANSWER).
Add Answer to:
Wiggins Company has 1,800 shares of $100 par preferred stock, which were issued at par. It...
A company has 950 shares of $50 par value preferred stock outstanding, and the call price...
A company has 950 shares of $50 par value preferred stock outstanding, and the call price of its preferred stock is $63 per share. It also has 12,000 shares of common stock outstanding, and the total value of its stockholders' equity is $471,450. The company's book value per common share equals: Multiple Choice Ο 536.41. Ο $31.78. Ο $35.33. Ο 5329 Ο 534.30.
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...
The following data were reported by a corporation: Authorized shares 36,000 Issued shares 31,000 Treasury shares...
The following data were reported by a corporation: Authorized shares 36,000 Issued shares 31,000 Treasury shares 11,500 The number of outstanding shares is: Multiple Choice 31,000. Ο 19,500. Ο 36,000. The number of outstanding shares is: Multiple Choice o 31,000. o 19,500. o 36,000. o 47,500. o 24,500. Mayan Company had net income of $30,780. The weighted-average common shares outstanding were 8,100. The company declared a $2,800 dividend on its noncumulative, nonparticipating preferred stock. There were no other stock transactions....
Preferred stock—5% cumulative, $25 par value, $30 callprice, 10,000 shares issued and outstanding $ 250,000 Common...
Preferred stock—5% cumulative, $25 par value, $30 callprice, 10,000 shares issued and outstanding $ 250,000 Common stock—$10 par value, 45,000 shares issued and outstanding 450,000 Retained earnings 267,500 Total stockholders’ equity $ 967,500 Determine the book value per share of the preferred and common stock under two separate situations. 1. No preferred dividends are in arrears. Preferred stock—5% cumulative, $25 par value, $30 callprice, 10,000 shares issued and outstanding $ 250,000 Common stock—$10 par value, 45,000 shares issued and outstanding...
Nathan's Athletic Apparel has 1,800 shares of 7%, $100 par value preferred stock the company issued...
Nathan's Athletic Apparel has 1,800 shares of 7%, $100 par value preferred stock the company issued at the beginning of 2020. All remaining shares are common stock. The company was not able to pay dividends in 2020, but plans to pay dividends of $27,000 in 2021 Required: 1. & 2. How much of the $27,000 dividend will be paid to preferred stockholders and how much will be paid to common stockholders in 2021, assuming the preferred stock is cumulative? What...
Sheffield Company has two classes of capital stock outstanding: 7%, $100 par preferred and $2 par...
Sheffield Company has two classes of capital stock outstanding: 7%, $100 par preferred and $2 par common. At December 31, 2017, the following accounts were included in stockholders’ equity. Preferred Stock, 50,000 shares$ 5,000,000 Common stock, 1,200,000 shares2,400,000 Paid-in Capital in Excess of Par – Preferred Stock300,000 Paid-in Capital in Excess of Par – Common Stock28,800,000 Retained Earnings12,800,000 The following transactions affected stockholders’ equity during 2018. Jan. 1-500 shares of preferred stock issued at $ 108 per share. Mar. 21-110,000...
Sandhill Company has two classes of capital stock outstanding: 7%, $100 par preferred and $2 par...
Sandhill Company has two classes of capital stock outstanding: 7%, $100 par preferred and $2 par common. At December 31, 2017, the following accounts were included in stockholders' equity. Preferred Stock, 40,000 shares Common stock. 800.000 shares Paid-in Capital in Excess of Par - Preferred Stock Paid-in Capital in Excess of Par - Common Stock Retained Earnings $4,000,000 1,600,000 240,000 19,200,000 12,900,000 The following transactions affected stockholders' equity during 2018. Jan. 1 - 500 shares of preferred stock issued at...
Sheffield Company has two classes of capital stock outstanding: 7%, $100 par preferred and $2 par...
Sheffield Company has two classes of capital stock outstanding: 7%, $100 par preferred and $2 par common. At December 31, 2017, the following accounts were included in stockholders’ equity. Preferred Stock, 50,000 shares $ 5,000,000 Common stock, 1,200,000 shares 2,400,000 Paid-in Capital in Excess of Par – Preferred Stock 300,000 Paid-in Capital in Excess of Par – Common Stock 28,800,000 Retained Earnings 12,800,000 The following transactions affected stockholders’ equity during 2018. Jan. 1 - 500 shares of preferred stock issued...
Preferred stock- $25 par value, 10,eee shares authorized, 6,800 shares issued and outstanding Common stock-$10 par...
Preferred stock- $25 par value, 10,eee shares authorized, 6,800 shares issued and outstanding Common stock-$10 par value, 100,00e shares authorized, 80,0e0 shares issued and outstanding Total paid-in' capital Retained earnings Total stockholders' equity $ 170, eee 800,e00 $ 970,000 550,e00 $1,520,000 The number of issued and outstanding shares of both preferred and common stock have been the same for the last two years Dividends on preferred stock are 8 percent of par value and have been paid each year the...
Your Corporation has the following number of shares of stock outstanding: Cumulative Preferred stock, 2.5%. $100...
Your Corporation has the following number of shares of stock outstanding: Cumulative Preferred stock, 2.5%. $100 par 8,000 shares Common stock,$10 par 10,000 shares It will distribute $100,000 to the two classes of stockholders this year. Including the current year, the preferred stock is three years in arrears. How much of the dividend will the common stockholders receive? $100,000 $ 20,000 $ 40,000 $ 60,000 Your Corporation is authorized to issue 800,000 shares of $3.00 par value common stock. When...
A company has 950 shares of $50 par value preferred stock outstanding, and the call price of its preferred stock is $63 per share. It also has 12,000 shares of common stock outstanding, and the total value of its stockholders' equity is $471,450. The company's book value per common share equals: Multiple Choice Ο 536.41. Ο $31.78. Ο $35.33. Ο 5329 Ο 534.30.
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...
The following data were reported by a corporation: Authorized shares 36,000 Issued shares 31,000 Treasury shares 11,500 The number of outstanding shares is: Multiple Choice 31,000. Ο 19,500. Ο 36,000. The number of outstanding shares is: Multiple Choice o 31,000. o 19,500. o 36,000. o 47,500. o 24,500. Mayan Company had net income of $30,780. The weighted-average common shares outstanding were 8,100. The company declared a $2,800 dividend on its noncumulative, nonparticipating preferred stock. There were no other stock transactions....
Nathan's Athletic Apparel has 1,800 shares of 7%, $100 par value preferred stock the company issued at the beginning of 2020. All remaining shares are common stock. The company was not able to pay dividends in 2020, but plans to pay dividends of $27,000 in 2021 Required: 1. & 2. How much of the $27,000 dividend will be paid to preferred stockholders and how much will be paid to common stockholders in 2021, assuming the preferred stock is cumulative? What...
Sandhill Company has two classes of capital stock outstanding: 7%, $100 par preferred and $2 par common. At December 31, 2017, the following accounts were included in stockholders' equity. Preferred Stock, 40,000 shares Common stock. 800.000 shares Paid-in Capital in Excess of Par - Preferred Stock Paid-in Capital in Excess of Par - Common Stock Retained Earnings $4,000,000 1,600,000 240,000 19,200,000 12,900,000 The following transactions affected stockholders' equity during 2018. Jan. 1 - 500 shares of preferred stock issued at...
Preferred stock- $25 par value, 10,eee shares authorized, 6,800 shares issued and outstanding Common stock-$10 par value, 100,00e shares authorized, 80,0e0 shares issued and outstanding Total paid-in' capital Retained earnings Total stockholders' equity $ 170, eee 800,e00 $ 970,000 550,e00 $1,520,000 The number of issued and outstanding shares of both preferred and common stock have been the same for the last two years Dividends on preferred stock are 8 percent of par value and have been paid each year the...
Most questions answered within 3 hours.
-
Explain the steps involved in making cDNA from mRNA, and how you
would create a cDNA...
asked 1 minute ago -
A beta (β) particle is described by which of the following?
Select the correct answer below:...
asked 4 minutes ago -
A new machine costs $150,000, lasts 10 years, has an annual
O&M cost of $50,000, and...
asked 7 minutes ago -
A newspaper in a large Midwestern city reported that the
National Association of Realtors said that...
asked 8 minutes ago -
1. Develop a use case diagram for the bank case study described
in Chapter 1. 2....
asked 18 minutes ago -
The phylum Protista has often been referred to as a junk drawer
of classification. Explain what...
asked 25 minutes ago -
The average amount of money spent for lunch per person in the
college cafeteria is $7.09...
asked 27 minutes ago -
You follow the lab procedure and at the end of Part 4C, you used
an average...
asked 46 minutes ago -
Write 250-450 words, about the following: • Analyze how a
servant leader in your organization or...
asked 49 minutes ago -
3. American and Japanese workers can each produce 4 cars a
year. An American worker can...
asked 52 minutes ago -
On October 1, 20X1, a company purchased a piece of land by
agreeing to pay the...
asked 1 hour ago -
Jamie is doing a survey at her school about whether the students
feel the cafeteria food...
asked 1 hour ago
> Please correct " (734400 = 1800*100) " as " (734400 - 1800*100) " .
Tulsiram Garg Fri, Jan 21, 2022 12:42 AM