A company's total sales in a year were $2,710,000. The cost price of goods sold was $2,040,000. Given below are the overheads paid during the year. Item Wages Amount $198,500 Electricity and gas 15,300 Telephone 1,790 Rent of premises 41,090 Office expenses 17,030 At the end of the year, the company expanded by issuing new shares in the business. It planned to raise $2,450,000 through the issue of 70,00 shares. Calculate the price per share.
A company's total sales in a year were $2,710,000. The cost price of goods sold was $2,040,000. Given below are the overheads paid during the year. Item Wages Amount $198,500 Electricity and gas 15,300 Telephone 1,790 Rent of premises 41,090 Office expenses 17,030 At the end of the year, the company expanded by issuing new shares in the business. It planned to raise $2,450,000 through the issue of 70,00 shares. Calculate the price per share.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:A company's total sales in a year were $2,710,000. The cost price
of goods sold was $2,040,000. Given below are the overheads
paid during the year.
Item
Wages
Amount
$198,500
Electricity and gas 15,300
Telephone
1,790
Rent of premises 41,090
Office expenses
17,030
At the end of the year, the company expanded by issuing new
shares in the business. It planned to raise $2,450,000 through the
issue of 70,00 shares. Calculate the price per share.
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