Book Value Per Share and Other Computations
Shown Below Is

question 98

Essay

Book value per share and other computations
Shown below is information relating to the stockholders' equity of Silver Waste Management at December 31, 2009:
$$\begin{array} { | l | l | } \hline 8 \% \text { preferred stock, } \$ 150 \text { par, } 10,000 \text { shares } & \\\hline \text { authorized and } 6,000 \text { issued } & \$ 900,000 \\\hline \text { Common stock, } \$ 6.50 \text { par, } 500,000 \text { shares authorized } & \\400,000 \text { shares issued and outstanding } & \$ 2,600,00 \\& 0 \\\hline \text { Additional paid-in capital: preferred stock } & \$ 132,000 \\\hline \text { Additional paid in capital: common stock } & \$ 2,970,00 \\\hline \text { Retained earnings } & 0 \\\hline \text { (Assume there are no dividends in arrears) } & \$ 1,551,00 \\\hline\end{array}$$
(a) White's total legal capital at December 31, 2009, is $_______________.
(b) The total amount of Silver's paid-in capital at December 31, 2009, is $________________.
(c) The average issue price per share of Silver's preferred stock was $_______.
(d) The book value per share of common stock is $_________ per share.
(e) The balance in Retained Earnings at the beginning of the year was $1,237,500, and net income for 2009 was $1,600,000. What was the amount of dividend declared on each share of common stock during 2007? $______ per share.

Understand Kelly's viewpoints on personality understanding and predictability of behavior.

Understand Skinner's unique approach to personality and his rejection of internal, subjective explanations for behavior.

Recognize the key elements and applications of Skinner's behavioral research, including his work with animals.

Identify the fundamental principles of operant and respondent conditioning.

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Definitions:

Forces That Motivate

The various internal and external factors that compel individuals to take action or behave in a certain manner.

Allport

Gordon Allport, an influential psychologist known for his theory of personality and the study of the individual.

Unconscious

A section of the mind that remains hidden from conscious perception but still impacts both behaviors and emotional responses.

Influences

The capacity to have an effect on the character, development, or behavior of someone or something.