A Shoup Corporation Has 9,000 Shares of $10 Par Value

question 27

Essay

a. Shoup Corporation has 9,000 shares of $10 par value common stock and 5,000 shares of $50 par value, 10 percent cumulative preferred stock outstanding. All shares were issued at par value. In addition, retained earnings total $90,000. If the preferred stock is callable at $54 per share, and one year's dividends are in arrears, compute book value per share of preferred stock.
b. Assume the same facts as in a above. Calculate book value per share of common stock.
c. Assume the same facts as in a above and that Shoup Corporation declares a 5-for-1 stock split on its common stock. After the split, total par value of common stock equals what amount?
d. Assume the same facts as in a above and that Shoup Corporation declares a 12 percent stock dividend on its preferred stock. If the market value on the declaration date was $70 per share, for what amount will Preferred Stock Distributable be credited?

Examine reasons for varying racial self-identification among different racial groups.

Understand the sociopolitical organization of race and its implications on individuals and groups.

Assess the interplay between racial, ethnic, and cultural categories in personal and public spheres.

Critique stereotypes and assumptions around race, including those related to athletic ability and social roles.

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Definitions:

Budget Constraint

An economic model that outlines the combination of goods and services a consumer can purchase given their income and the prices of those goods and services.

Consumption

is the act of using goods and services to satisfy needs or desires, often discussed in the context of consumer behavior in economics.

Earnings

The amount of money received by an individual or organization in return for labor or services provided, or from investments.

Utility Function

A mathematical model representing an individual's preference ordering over a set of goods or outcomes.