joe80
contestada

The Hamilton brush company issued 2,500 shares of common stock worth 100,000.00 total. What is the par value of each share?

Respuesta :

RhondaSommer
well if total they valued at 100000 and you bought 2500 all you would have to do is divide 100000 by 2500 which is about $40 each :)
batolisis

Answer:

par value of each share = $40

Explanation:

Total value of stock/shares = $100000

Total shares/stock issued = 2500

value per share/stock = total value of stock / total shares issued

                                    = $100000 / 2500

                                     = $40

since the total value of the shares issued is been given and the total number of shares been issued is also given to calculate the par value of each share will just be the division of the total value by the total shares issued. and this calculation should be done by Hamilton brush company before making their stock available for sale in the stock market.

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