Question

contributed capital preferred stock (par $20; authorized 10,000 shares, ? issued, of which 1,000 shares are held as treasury stock) $ 114,000 additional paid-in capital, preferred 17,100 common stock (no-par; authorized 20,000 shares, issued and outstanding 6,500 shares) 682,500 retained earnings 35,000 treasury stock, 1,000 preferred shares at cost (9,750)

Answer 1

The question is about calculating the price per share for a company based on expected profits and the number of shares being sold.

Step-by-step explanation:

The subject of this question is Business. It appears to be asking for the calculation of the price per share for a company called Babble, Inc. based on the expected profits and the number of shares being sold.

To calculate the price per share, the total present value of the expected profits needs to be divided by the number of shares. Using the given information, the price per share should be about $256,500 per share.