Mathematics
rr1ofakind
18

The Waverly Brush Company issued 4,000 shares of common stock worth $200,000.00 total. What is the par value of each share?

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(1) Answers
Ray014

what you have to do for this is to divide the total worth ($200,000.00) by the number of shares. So this means that we need to count: 200 000 ÷4 000 here's a trick: if you divide two numbers with many 0s at the end, you can always erase the SAME mount of 0s at the end (this is equivalent to dividing by 10). so 200 000 ÷4 000 is equivalent to : 200 ÷4 which is 50! (4*50=200) so the answer is that each share was worth 50 dollars.

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