Answer:
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The total stockholders equity based on the information given will be $8285000.
<h3>How to compute the equity?</h3>
The stockholders equity will be calculated thus:
Common stock $4480000
Excess over par = $1152000
Paid in capital = $5632000
Sale of treasury = $224,000
Total paid in capital = $5856000
Retained earnings = $2,554,000
Total = $8,410,000
Less treasury stock = 125,000
Total stockholders equity = $8,410,000 - $125000
= $8285000
Therefore, the total stockholders equity based on the information given will be $8285000.
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Answer:
90 hardcover books
Step-by-step explanation:
We can solve this by setting up a couple of equations.
Let's allow x to represent the number of paperbacks Tim owns, and allow y to represent the number of hardcover books he owns.
Using the information in the question, we can write the equations:
1)x = 4y-3
2) x+y=447
Let's rearrange equation 1 so that it is in standard form:
x-4y=-3
And then let's multiply equation 2 by 4 so that we can cancel out y when we solve the system of equations:
4(x+y=447)
4x+4y=1,788
Then we can add the two equations and solve for x:
1) x-4y=-3
+ 2)4x+4y=1,788
------------------------------------
5x=1,785
x=357
So now we now the number of paperback books Tim has is 357. Let's plug this into one of the original equations to solve for the number of hardcover books (y):
357+y=447
y=90
And now we know that Tim owns 90 hardcover books.
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