Madeline is recording revenues and expenses. When doing this, she is following the guidance set forth in which of the following Statements of Financial Accounting Concepts?

States request assistance from other states through interstate mutual aid and assistance agreements such as Emergency Management Assistance Compacts (EMACs)

Explanation:

EMAC, Emergency Management Assistance Compact-all aspects of mutual assistance compact which is at the core of the nation's program of mutual aid.

Since the 1950 Civil Defense and Disaster Treaty signed by the US, EMAC is the first treaty national disaster relief international. Convention. Convention. In 1996, 50 states have passed laws to become EMAC participants in their adoption and signing into statute, Columbia, Puerto Rico, Guam, US Virgin Islands and the Northern Mariana Islands.

A flexible and clear program allowing states to send personnel, supplies and resources to help in response and rehabilitation in other states provides assistance in Governor-declared emergencies or disaster areas.

Answer:

Service culture

Explanation:

Service culture can simply be defined to be an organizational culture in which employees collectively think or work towards providing quality service whhich is the main aim of the business.

Cheers

A Quality Culture in an organization emphasizes the importance of customer satisfaction through principles like Total Quality Management and Continuous Improvement. It involves not just complying with standards like ISO 9000, but also cultivating a people-oriented environment that values fairness and respect.

A system of values and beliefs in an organization that reinforces the idea that providing the customer with quality service is the principal concern of the business is called a Quality Culture. This concept is deeply rooted in principles such as Total Quality Management (TQM) and Continuous Improvement (CI), which assert that quality service begins with the customer's needs and involves every employee in the pursuit of high-quality services or products. Quality Cultures incorporate clear vision and mission statements, value or philosophy statements, and often a quality statement or policy, emphasizing the organization's commitment to quality in alignment with customer satisfaction and continuous improvement.

In essence, a Quality Culture is about creating an organizational ecosystem that lives by the mantra of quality as a core value. This involves not just adhering to international standards like ISO 9000 but also fostering a people-oriented culture wherein fairness, supportiveness, and respect for individual rights are paramount. By prioritizing customer feedback and ensuring processes are in place for continuous refinement of products and services, businesses can sustain a strong Quality Culture that enables them to meet and exceed customer expectations consistently.

Answer:

Higher by 39,000 dollars

Explanation:

NOTE YOU POSTED THE QUESTION BUT NOT THE PROBLEM INTRODUCTION.

Ludacris Company makes furniture using the latest automated technology. The company uses a job-order costing system and applies to manufacture overhead cost to products on the basis of machine-hours. The predetermined overhead rate was based on a cost formula that estimates $900,000 of total manufacturing overhead for an estimated activity level of 75,000 machine- hours.

During the year, a large quantity of furniture on the market resulted in cutting back production and a buildup of furniture in the company's warehouse. The company's cost records revealed the following actual cost and operating data for the year:

Machine-hours 60,000

Manufacturing overhead cost $ 850,000

Inventories at year-end:

Raw materials $ 30,000

Work in process (includes overhead applied of $36,000) $100,000

Finished goods (includes overhead applied of $180,000) $500,000

Cost of goods sold (includes overhead applied of $504,000) 1,400,000

The company applied overhead for:

36,000 + 180,000 + 504,000 = 720,000

The actual overhead cost where 850,000

Thus, there was 130,000 dollar of underapplied overhead.

We do cross multiply to know the amount it should be allocate to cost COGS

504,000/720,000 x 130,000 = 91,000

This means we should increase COGS by 91,000 if we allcoate the underapplied overhead.

If we directly post into COGS then it will increase by 130,000

The difference of 39,000 dollars will mean a lower COGS thus, a higher operating income as a portion of the underapplied overhead is distribute among inventory and work in process.

If underapplied or overapplied overhead is allocated rather than closed directly to cost of goods sold, it will impact the net operating income.

If underapplied or overapplied overhead is allocated rather than closed directly to cost of goods sold, the net operating income will be affected. To calculate the impact on net operating income, follow these steps:

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Answer:

increased

Explanation:

Data provided in the question:

Price of a gallon of gasoline in 1972 = $0.35

CPI in 1972 = 0.418

Price of a gallon of gasoline in 2005 = $2.25

CPI in 2005 = 1.68

Now,

Real cost in 1972 = [ Nominal cost in 1972 ] ÷ [ CPI in 1972 ]

= $0.35 ÷ 0.418

= $0.837

Real cost in 2005 = [ Nominal cost in 2005 ] ÷ [ CPI in 2005 ]

= $2.25 ÷ 1.68

= $1.34

Hence,

The price of gallon of gasoline increased between 1972 and 2005

Answer:

Hazard

Explanation:

A(n) Hazard is a category of object, person, or other entity that poses a potential risk of loss to an asset.

By definition, a hazard is any object or entity that is potentially harmful persons, property, or place.

Hazards could be referred to as unsafe condition(s) that if not eradicated could material and cause damage to assets in the production floor or any place

Answer: A. New laws and regulations from the Affordable Care Act (ACA) to cut costs and improve indicators of quality and staffing challenges.

Explanation: The modern and recent trends and legislation which dwell more on preventive medicine and make medical care available and affordable to the everyone will help to improve the overall well being of people.

ACA (AFFORDABLE CARE ACT) which people also call the ''Obama care'' was founded in the year 2010, through a Bill passed by 111th Congress of the United States is aimed that helping to subsidize health care and make it affordable to the poor.

Innovations towards preventive and wellness health care services are driven by trends such as the aging population, increase in chronic conditions, pay-for-performance, and a focus on safety and quality, alongside the implications of new healthcare laws from the Affordable Care Act. Preventative healthcare is being emphasized due to its potential to lower healthcare system costs; meanwhile, the healthcare industry is adapting efficiency methods including telemedicine and artificial intelligence.

Leaders in health care are expected to innovate toward preventive and wellness health care services due to several trends as outlined by Longenecker and Longenecker (2014), amongst which aging population, increase in chronic conditions such as PTSD and traumatic brain injury, pay-for-performance models, a focus on safety and quality, medical homes, and the Affordable Care Act’s new laws and regulations that aim to cut costs and improve overall health care quality are pertinent factors. In this vein, the healthcare efficiency and standardization methods include integration of telemedicine, development of new roles for healthcare professionals, compliance with insurance mandates, and innovations such as artificial intelligence. This transition in the U.S. healthcare system is a response to the challenges of controlling high costs, providing basic medical care to everyone, and balancing the system to maintain quality care, access, and cost.

Moreover, progressive political perspectives stress the importance of preventative healthcare. These perspectives suggest a shift towards government-involved health systems that focus on healthy lifestyles, regular checkups, and maintaining healthy diets, which could help in mitigating the cost burden on the healthcare system. Lastly, an essential trend pushing healthcare towards prevention and wellness services is the recognition of the economic consequences of treating rather than curing long-term chronic illnesses, such as the opioid crisis being exacerbated by the preference for long-term treatments over cures for chronic pain.

Answer: (D) Scientific

Explanation:

  According to the given question, the current research on the concept managerial skills is very important for improving the various types of management skills in an organization.

The scientific is not the managerial skills in an organization and the following are the four general management skills are:

The managerial skills is important in an organization as it has the problem solving ability and also effectively manage the performance and the opportunity in an organization.  

 Therefore, Option (D) is correct answer.

Answer:

Financial Institution:

-Saving and Loans Associations

-Investments Banks

-Commercial Banks

Explanation:

Financial institutions Aa Aa Several market participants interact in developed markets to organize the exchange of funds from buyers to sellers. Such institutions as investment banks, commercial banks, financial services corporations, credit unions, pension funds, life insurance companies, mutual funds, exchange traded funds, hedge funds, and private equity companies play a key role in facilitating these transfers. Identify the financial institution based on each description given in the following table: Description Financial Institution These government-chartered institutions accept deposits from savers and use the pool of deposits to provide loans, usually fixed-rate mortgages, to borrowers.

The source of this question has only include one sub question

Description Financial Institution These government-chartered institutions accept deposits from savers and use the pool of deposits to provide loans, usually fixed-rate mortgages, to borrowers.

Financial Institution:

-Saving and Loans Associations

-Investments Banks

-Commercial Banks

The above are institutions that gather funds in terms of savings account, current account ,fixed deposit accounts and other charges to pull funds together. They make profit through investments in other vehicles like bonds, stocks, foreign Exchange. They lend out money to customers who financially buoyant to return the money lend out to them, through making collaterals and guarantors available.

Answer:

D.

Explanation:

A Keogh plan is a special pension plan that is tax-deferred and only made available to self-employed individuals and strictly for retirement purposes. Therefore based on the information provided within the question it can be said that the it is characterized by all of the following except for Tax Free distributions. Mainly due to the fact that the earnings in the plan are tax deferred while still in the plan, but when distributed are not tax free.

Answer:

Please see explanation.

Explanation:

Both the Laverne and Shirley will save significant amount of money, if they decide to pay the loan after 11 years instead of 26 years but the Laverne will save more than the Shirley because the loan taken by the Laverne is $25,000(131,000-106,000)  more than the Shirley.

Other terms of the loan i.e. interest rate, compounding and loan maturity periods are same, therefore these other terms will not affect the savings to be made on early payments.

Answer:

Laverne would save more, since she has $25,000 more in principle.

Explanation:

Answer:

(B)This student performed better than 55% of the other test-takers on the verbal part and better than 48% on the quantitative part

Explanation:

Percentile distribution classifies a population into 100 classes. Usually, the 1st percentile contains the lowest values, while the 99th percentile contains the highest values.

Accordingly, given that the test-taker scored at 55th percentile (verbal) and 48th percentile (quantitative), he would have scored better than 55% of the test-writers (i.e. better than the 1st to 54th percentile) in the verbal test, and better than 48% of the test-writers (i.e. better than the 1st to 47th percentile) in the quantitative test.

The student's 55th and 48th percentile scores on the verbal and quantitative parts of the SAT respectively mean that they performed better than 55% of test-takers on the verbal section and better than 48% on the quantitative.

In the context of the Scholastic Achievement Test (SATs), the term 'percentile' is used to measure how well a student performed relative to others. If a student scored at the 55th percentile on the verbal part, this means they performed better than 55% of the other test-takers. Similarly, scoring at the 48th percentile on the quantitative part means the student performed better than 48% of test-takers. So, in this case, the correct interpretation is: This student performed better than 55% of the other test-takers on the verbal part and better than 48% on the quantitative part.

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Answer:

Alternative Spring Break

Explanation:

Opportunity Cost

Opportunity cost is described as the next best alternative to an action chosen. And it can be described as that cost an individual incurs for foregoing the potential benefits that could be enjoyed if the alternative to a choice is taken. The opportunity cost is the cost of choosing one activity over another activity that is also as good.

In the case of going on the cruise, the opportunity cost is the entire package the Alternative Spring Break brings. Since, it has been decided that the cruise will be embarked upon the entire Alternative Spring Break from the experience to the work and potential earnings represent the opportunity cost.

The opportunity cost of choosing the cruise over the other options is the Alternative Spring Break, as this is deemed the most desirable and valuable alternative that is given up by deciding to go on the cruise.

The concept being discussed is opportunity cost, which is a fundamental aspect of economics. Opportunity cost refers to the value of the next best alternative that is forgone when making a decision to choose one option over another. In the scenario where a student must decide between going on a cruise with friends or participating in Alternative Spring Break, and there's also the option to work over the break, the opportunity cost of choosing the cruise would not be the money spent on the cruise itself, nor the money that could have been earned by working. Instead, it's the experience and benefits they would have gained from the Alternative Spring Break, assuming that is the most valuable alternative given up.

In this specific example provided in the question, if the cruise is chosen, the correct answer is D. Alternative Spring Break, because this is the most desirable alternative that the student won't experience due to their decision to go on the cruise.

Answer:

Operations management

Explanation:

Operations management is the term which is defined as the administration of the practices of the business in order to create the highest level of the efficiency which is possible within the business.

It is related to the converting of the raw materials and labor into the services and the goods for the business.

Therefore, the operations management is the one which dealt with the set of the activities which relate to the creation of the goods and the services by the transformation of the inputs to output.

The set of activities that relate to the creation of goods and services through the transformation of inputs to outputs is referred to as production.

Production is the process by which a firm uses economic inputs such as labor, capital, and raw materials to produce outputs, such as goods or services. For example, in pizza making, the pizzaiolo (pizza maker) transforms inputs like flour, water, yeast, tomatoes, and spices into a finished product (the pizza) through a series of steps, including preparing the dough, creating sauce, assembling toppings, and baking the pizza.

Production is essential in economics as it involves all activities that transform various inputs into valuable goods and services that people consume.

Answer:

d. complete participant

Explanation:

This is a fully integrated researcher, as though they were spies. The observer indulges completely with the participants and partakes in their practices. Participants are not aware of the observation and research being carried out, even if they interact fully with the researcher. The aim is to gain a deep understanding and familiarity with some group of people, their values, beliefs and way of life. The focus group is often a subculture of a larger society, such as a religious, professional or specific community group

Dianne is using the complete participant method to study religious cults by joining the group and observing its processes from within.

In Dianne's case, she is using the complete participant method to collect her data. This method involves the researcher fully participating in the group or context they are studying, to the point that they become a regular member. As a complete participant, Dianne joined the cult to gain first-hand experiences and deeper insights into the group's affiliation and identification processes. This allows her to directly observe and analyze how members are recruited and how their group identity is strengthened.

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Answer:

The principle of Competition

Explanation:

The principle that studies the relationships between participants in the marketplace, such as buyers and sellers or landlords and tenants, is the principle of Competition

Answer:

True

Explanation:

It is essential to know and ensure that the taxpayer lists all the sources of income before the Form 13614-C is being submitted. This is necessary for the calculation of the tax to be paid by the person. The taxpayer should also fill the Form 1099-INT and declare all other sources of income. The statement above is true.

Answer:

A)

first property= 40,000

2nd property=90,000

3rd property= 80,000

B)

annual income from first property= 4800

annual income from 2nd property= 9000

annual income from third property = 6400

Explanation:

So, we can form two equation.

first is, total amount invested in three properties is 210,000

A+B+C=210,000                 eq (1)

A is the first property

B is the 2nd property

C is the 3rd property

2nd is, annual income from the property is 20,200

12%*A+10%*B+8%*C= 20,200      eq (2)

As, we have given

the amount invested at 8% is twice that invested at 12%.

it means C is the twice of A

so, the only way we can make A equal to C by multiplying 2 with A, otherwise both won't be equal.

so, 2A=C                eq(3)

substituting eq 3 with eq (1) and eq (2)

then we get

A+B+2A=210,000

3A+B=210,000        eq(4)

And,

0.12A+0.10B+0.08*2*A=20,200

0.28A+0.10B=20,200             eq(5)

Finally,

3A+B=210,000

0.28A+0.10B=20,200

multiplying equation (4) with 0.10 then

0.3A+0.10B=21,000

multiplying -1 with equation (5)

-0.28A-0.10B=-20,200

Add them, we get -0.02A=-800

A=40,000

so, putting the value of A in eq (3)

then 2*40,000=C

C=80,000

putting the value of A and B in equation (1)

We get

B=90,000

2nd part of the question

so, income from A is 4800

so, income from B is 9000

so, income from C is 6400

Answer:

e. Assets increase by $75,000 and liabilities increase by $75,000.

Explanation:

The purchase of the asset (office equipment) on credit would result in the following entries;

Debit Office equipment    $75,000

Credit Creditor                  $75,000

Being entries to recognize the purchase of office equipment on credit.

As such, asset increases by $75,000 while liabilities also increase by the same amount.

Option e.

Answer:

correct option is E) target return pricing

Explanation:

given data  

to achieve profit =  15 to 20 percent  

solution

when this company want to gain of profit = 15 to 20 percent by investments

they must have used here target profit approach

because the target profit price will be a focus on the amount of unit sold so that cost  will cover the achieved predetermine profit amount  

so that here correct option is E) target return pricing

Answer: Reliable.

Explanation:

If Henry took an intelligence test severally and still got the same score each time he wrote the test, it is a strong indication that the repeated value is his intelligence range and therefore indicates that the test is very reliable. An intelligent test is a test that seeks to determine a person's mental capacity.

Final answer:

The series of events indicates test was consistent and reliable.

Explanation:

The series of events described indicate that the intelligence test Henry took was consistent and reliable. Despite retaking the test multiple times, he consistently scored about the same each time. This suggests that the test accurately measured his intelligence and that his initial score was a true reflection of his abilities.

Thus, If Henry completed multiple intelligence tests and received the same score each time, this suggests that the test is very dependable as the repeated figure represents Henry's cognitive range. A test designed to assess a person's mental capacity is called an intelligent test.

Answer:

Antitrust laws

Explanation:

Antitrust laws or competition laws are statutes developed by the U.S. government in order to protect consumers from predatory business practices. They ensure that fair competition exists in an open-market economy.

Answer:

This question is incomplete, however, i can help you with some explanation that will assist you in solving the question

Explanation:

What is manufacturing cost

Manufacturing cost is the total cost of all resources used up in the process of producing goods. They divided into direct cost and indirect cost.

In other words the incremental cost of manufacturing an additional unit of goods can be referred to as the marginal cost.

Marginal cost is calculated by taking the total change in the cost of producing more goods and dividing that by the change in the number of goods produced.

I hope this helps you in answering your question

The incremental manufacturing cost is the additional cost incurred when production increases by one unit. It focuses on variable costs, not fixed costs. The calculation involves dividing the total variable cost by the total quantity produced but may vary due to efficiencies of scale or cost jumps at certain levels.

In the field of business, the term incremental manufacturing cost refers to the additional cost incurred by a company when production volume increases by one unit. This does not consider fixed costs, as they remain the same no matter the volume of production. Instead, it is primarily concerned with variable costs.

To compute this, the company must understand its cost structure. For instance, if a company produces 20,000 units with a total variable cost of $100,000, then the incremental cost of the 20,001st unit is simply the total variable cost divided by the total quantity produced. In this case, the incremental cost will be $5 ($100,000/20,000).

However, this could vary if there are efficiencies of scale that change the variable cost at different levels of production, or if there are sudden jumps in cost due to factors such as mandatory maintenance after certain production levels. Therefore, understanding the specifics of the cost structure is key.

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Compete/Correct Question:

After pigs learned to pick up and deposit wooden coins in a piggy bank, the pigs subsequently dropped the coins repeatedly and pushed them with their snouts. This best illustrates the importance of ________ in operant conditioning.

a. conditioned reinforcement

b. latent learning

c. generalization

d. biological predisposition

Answer:

D, biological predisposition

Explanation:

Scientifically, Biological predisposition is when a subject, e.g; human, animal, plant, has internal qualities or characteristics that increases their chances of having or developing a condition.

Simply put, biological predisposition is the likelihood of a person.animal of plant to develop a condition.

In the case of the pigs, their biological predisposition to pick up and drop coins overtime caused them to push them with their snouts. This is possible bacaues of the genes the pigs inherited from their parents.

I hope this helps.

Answer:

Job enlargement will give workers more to do means more challenging and interesting work will they will be on same job all the time without giving more authority over. as Job enlaargement is meant for motivating workers by increase the work but not giving promotion or authority.

Answer:

The correct answer is (D)

Explanation:

Globalisation is the most important factor that has led many firm and organisations to open their operation in other countries. Globalisation has increased the global market operations.  This is an example of globalisation because the company is not outsourcing and getting their input materials from Brazil and assembling them. Globalisation has improved the quality standard because the best factor of production is now easily available.

Answer:

                                   Debit                              Credit

Cash                            1,000,000

Note receivable                                                  1,000,000

Cash                              70,000

Interest receivable                                               70,000

Explanation:

At December 31 2021 it would be the end of maturity of the 2 year note so the note would be have to be paid in full, so Heinlein assoc will receive $1,000,000 in cash for the note. Also because it is the end of the year they will also receive 7% interest which is (0.07*1,000,000)= 70,000

The Heinlein Assoc will debit cash by 1,000,000 and credit the note receivable by the same amount and they will debit 70,000 cash and credit interest receivable by 70,000.

The cash collection for Heinlein Assoc. on December 31, 2021, would be a $70,000 interest payment, representing the annual interest of a two-year interest-bearing note valued at $1,000,000 with a 7% interest rate.

Heinlein Assoc. accepted a two-year interest-bearing note for $1,000,000 on January 1, 2020, with an effective interest rate of 7%. Since interest is paid at the end of each year, the cash collection on December 31, 2021, would primarily consist of the second year's interest payment.

To calculate the interest for one year, multiply the principal amount ($1,000,000) by the interest rate (7% or 0.07). So the annual interest would be:

$1,000,000 × 0.07 = $70,000

Thus, the cash collection on December 31, 2021, would be recorded as a $70,000 interest payment.

Answer:

competitor-oriented pricing

Explanation:

competitor-oriented pricing is a technique for valuing in which a producer's value is resolved more by the cost of a comparable item sold by an incredible contender than by contemplation of purchaser request and cost of generation; likewise alluded to as Competition-Based Pricing.  

For instance: a firm needs to value another espresso producer. The company's rivals sell it at $25, and the organization thinks about that the best cost for the new espresso producer is $25. It chooses to set this very cost without anyone else item.

Final answer:

Diana is implementing a competitive pricing strategy by matching her bakery's cupcake prices to that of her competitor, CC's Bakery. This approach is grounded in selecting prices based on competition, which can also align with the principles observed in perfectly competitive markets or strategies used by companies to adjust to cost changes.

Explanation:

When Diana decides to lower her prices to match those of CC's Bakery, she is implementing a competitive pricing strategy. This strategy involves setting a price point that is directly influenced by competitors' pricing rather than solely based on costs or demand. In the context of a perfectly competitive market, firms often select an output level where the Price equals Marginal Revenue (MR) equals Marginal Cost (MC), such as the example provided where a drop in price to $2.75 for a pack of frozen raspberries leads to a break-even point. Similarly, a messenger company experiencing a drop in gasoline prices may choose to increase its supply due to lower operating costs and the potential for higher profits.

In some cases, businesses may use predatory pricing to deter new firms from entering the market by setting prices exceptionally low, challenging the profitability and sustainability of competitors. However, Diana's strategy does not necessarily imply predatory intentions; her action might simply be a response to maintain market share and to remain competitive in her business environment.

Answer:

Sales orientation

Explanation:

Sales orientation refers to trying to sell the products that you know how to produce instead of the products that customers need. This type of marketing approach was very common during the 1920s to early 1950s, where large manufacturing companies based their marketing strategies on promotional events, specially large discounts, instead of caring about what would satisfy their customers' needs.

Charlotte probably loves her mom's cookie dough and since she truly believes that anyone who tries it will also love it, then she should sell it. The problem with this approach is that Charlotte hasn't thought about what are her potential customers' needs and wants. Even if they like the edible cookie dough, will they buy it? Does edible cookie dough satisfy anyone's needs?  

Some people argue that effective marketing will create a need even if it didn't exist, Steve Jobs was the most notorious supporter of that idea, but how many people have created products that changed the world more than once? Will edible cookie dough be so fantastic that it will change its customers' lives?

Charlotte is focused on a promotion-oriented strategy for her cookie dough business, where advertising and personal selling are seen as the main drivers of attracting and retaining customers.

Charlotte seems to embrace a promotion-oriented strategy for her cookie dough business, where she prioritizes advertising and personal selling as key activities necessary to attract customers. This approach suggests that Charlotte believes customer awareness through promotion is the principal driver of sales rather than factors such as product quality or price. A successful promotion strategy might involve creating consumer-oriented advertising, which aligns the product with the lifestyles and aspirations of the target market, or a product-oriented strategy, which underscores unique features or benefits of the cookie dough. Overall, she needs to recognize that consistent promotion is essential as one-shot sales are not enough for a business to thrive; ongoing engagement and retention strategies are key.

Answer:

Explanation:

All revenues generated and expenses incurred during a given period are recorded in the income statement.  

The Statement of equity of the stockholder includes the common stock and the retained earnings which could be used to assess the ending balance.  

The balance sheet records the assets and liabilities of the organization

So, the categorization is shown below:

a) Notes payable = Balance sheet. It can be current or long term

(b) Advertising expense = Income statement

(c) Owner’s capital = owner’s equity statement

(d) Cash = Balance sheet as a current asset

(e) Service revenue = Income statement

Answer:

$12.7 per share

Explanation:

The formula and the computation of the book value per share are shown below:

Book value per share = (Total equity) ÷ (outstanding number of shares)

                                     = ($393,700) ÷ (31,000 shares)

                                     = $12.7 per share

Simply we divided the total equity by the outstanding number of shares to get the book value per share