The Book Value of a company equals:
a) the value of its assets less its cash
b) the value of its assets according to their purchase price
c) the market value of a share of its stock multiplied by the number of shares
d) the amount of equity invested by the original owners plus subsequent net share purchases by the original and new owners plus cumulative sum of net retained earnings
e) b & d
Ans: d) the amount of equity invested by the original owners plus subsequent net share purchases by the original and new owners plus cumulative sum of net retained
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Antique Works is owned and operated by a craftsman who makes replicas of historic firearms for museums, sportsmen, and collectors
The data are as follows: Sales price per unit $800 Variable cost per unit 470 Fixed costs per month 8,580 If Antique expects to sell 40 units per month, what is his margin of safety expressed in units per month? A) 14 units B) 40 units C) 66 units D) 12 units
Packaging aesthetics are particularly important to the ________ consumer
A) Indian B) Japanese C) French D) German E) American