Hunter manufacturing inc.'s december 31, 2009, balance sheet showed total common equity of $2,050,000 and 100,000 shares of stock outstanding. during 2010, hunter had $250,000 of net income, and it paid out $100,000 as dividends. what was the book value per share at 12/31/10, assuming that hunter neither issued nor retired any common stock during 2010? $20.90 $22.00 $23.10 $24.26 $25.47

$22.00

Explanation:

Book value per share = Total shareholder equity/ number of share outstanding

Total equity as of 31 Dec 2010 = total common equity at 31 Dec 2009 + net income of 2010 – paid out dividends in 2010 = $2,050,000 + $250,000 - $100,000 = $2,200,000

The book value per share at 12/31/10 = Total equity as of 31 Dec 2010/ number of share outstanding = $2,200,000/ 100,000 = $2200

the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.

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