Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Basic Finance Expert

problem Find missing amounts, net income, issue price & dividends; interpret stock dividend & split Bacon, Inc., has the following owners' equity section in its May 31, 2009, comparative balance sheets:

 

31-May-09

30-Apr-09

Paid-In capital:

 

 

Preferred stock, $120 par value, 8%, cumulative, 100,000 shares authorized 80,000 shares issued and outstanding.................

 

 

 

$9,600,000

$9,600,000

Common stock, $6 par value, 600,000 shares authorized, 400,000 and 380,000 shares issued, respectively...................................

 

 

 

 

 

?

2,280,000

 

Additional paid-in capital..............................................................

16,800,000

16,480,000

Retained earnings ........................................................................................

13,900,000

13,624,000

Less: Treasury common stock, at cost; 18,000 shares and 17,000 shares, respectively ...................................................................................................

 

 

-1,660,000

-1,632,000

 

Total stockholders' equity ...........................................................................

mce_markernbsp;         ?  

$40,352,000

Suppose that instead of the stock dividend describeed in f, the board of directors authorized A 2-for-1 stock split on June 1 when the market rate of the common stock was 36 dollar per share.

[A] Find the market price per share of common stock after the split?
[B] Find the par value, and how many shares of common stock will be authorized after the split?
[C] How many shares of common stock will be in the treasury after the split?

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M919714

Have any Question? 


Related Questions in Basic Finance

One bond in forest inc has 9 years to maturity and a coupon

One bond in Forest, Inc., has 9 years to maturity and a coupon of 4.2%. The coupon is paid semiannually. If the YTM is 6%, what is the value of the bond? Marcia Food Company has a bond with 15 years to maturity and a cou ...

Consider a two-period two-state world let the current stock

Consider a two-period, two-state world. Let the current stock price be $35 and the risk-free rate be 5%. In each period, the stock price can either go up by 10% or down by 10%. A call option expiring at the end of the se ...

A spherical pellet containing pure solid a is suspended in

A spherical pellet containing pure solid A is suspended in a flowing liquid stream at 20°C. The initial diameter of the pellet is 1.0 cm, and the bulk liquid velocity is 5 cm/s. Component A is soluble in the liquid, and ...

A substantial part of prestige cars ltds sales are to north

A substantial part of Prestige Cars Ltd's sales are to North America where it operates through a wholly owned subsidiary. Its principal competitors are German. It has been reported widely that Prestige Cars Ltd hedges it ...

Statisticsa statistical post-mortem of subprime

STATISTICS A statistical post-mortem of subprime mortgages Subprime mortgages were prominent business news in 2007 and 2008 during the meltdown in the financial markets.  A subprime mortgage is a home loan made to a risk ...

A model of a harbor is made on the length ratio of 3601

A model of a harbor is made on the length ratio of 360:1. Storm waves of 2 m amplitude and 8 m/s velocity occur on the breakwater of the prototype harbor. Significant variables are the length scale, velocity, and g, the ...

1 discuss some of the major issues to consider when

1. Discuss some of the major issues to consider when choosing between an active or passive exporting strategy. 2. You work for a small company that has an innovative low-cost production method for high-capacity jump driv ...

Suppose the risk-free interest rate is 59nbspapr with

Suppose the risk-free interest rate is 5.9% APR with monthly compounding. If a $1.7 million MRI machine can be leased for 5 years for $23,500 per month, what residual value must the lessor recover to break even in a perf ...

1 describe the actions you will take ie increasing

1. Describe the actions you will take (i.e., increasing deductions or reducing gross income) to achieve tax savings in the present year. 2. Detail the means by which you will reduce your tax liability in the future (i.e. ...

Your company needs electric energy for a warehouse consult

Your company needs electric energy for a warehouse. Consult the web pages of at least three potential providers and evaluate them in terms of their average price during the morning shift, payment conditions and reputatio ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen