Please Refer to the Equity Section of the Balance Sheet

question 52

Multiple Choice

Please refer to the equity section of the balance sheet, below:
$\begin{array}{|l|c|}\hline \text { Common stock, } \$ 0.01 \text { par } & \$ 500 \\\hline 1,000,000 \text { shares authorized, } 50,000 \text { shares outstanding } &\\\hline \text { Paid-in capital in excess of par } & 399,500 \\\hline \text { Retained earnings } & 150,000 \\\hline \text { Total stockholder's' equity } & \$ 550,000 \\\hline\end{array}$
Please calculate the book value per share of common stock.

• A) $3.00 per share
• B) $8.00 per share
• C) $11.00 per share
• D) $29.50 per share

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Definitions:

Imc

Integrated Marketing Communications, a strategic approach that coordinates different promotional tools and channels to provide a clear, consistent, and compelling message about an organization or product.

Aida Model

A marketing model that outlines the four stages a consumer goes through before making a purchase: Awareness, Interest, Desire, Action.

Integrated Marketing Communications

A strategic approach that combines multiple marketing tools and channels to present a consistent message to the target audience, maximizing impact.

Level Of Interest

The degree of curiosity, attention, or enthusiasm that a person or market shows towards a product, service, or subject.