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Author Question: The liquidation value per share of common stock is the amount per share of common stock that would ... (Read 197 times)

jlmhmf

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on: Jul 10, 2018
The liquidation value per share of common stock is the amount per share of common stock that would be received if all of a firm's assets were sold for their accounting value and the proceeds remaining were divided among common stockholders.
 
  Indicate whether the statement is true or false

Question 2

Kelvin has 2,500 but needs 5,000 to purchase a new golf cart.
 
  If he can invest his money at a rate of 12 per year, approximately how many years will it take the money in Kelvin's account to grow to 5,000? Use the Rule of 72 to determine your answer.
  Note: The golf cart's price may have changed by the time Kelvin's account reaches a value of 5,000.
  A) 2 years
  B) 4 years
  C) 6 years
  D) 8 years


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Li Jun

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Reply #1 on: Jul 10, 2018
Answer to Question 1

FALSE

Answer to Question 2

Answer: C
Explanation: C) = 6 years via the Rule of 72.


jlmhmf

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Reply 2 on: Jul 10, 2018
Thanks for the timely response, appreciate it

lcapri7

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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