Question

Molira Golf Corporation has 15,000 shares of common stock outstanding, and the market price for a share of stock at the end of 2021 was $79. What is the total market value of the common stock?

1) $1,185,000
2) $1,185,500
3) $1,190,000
4) $1,190,500

Answer 1

The total market value of Molira Golf Corporation's common stock is calculated as 15,000 shares multiplied by $79 per share, which equals $1,185,000.

Step-by-step explanation:

The total market value of the common stock for Molira Golf Corporation can be calculated by multiplying the number of shares outstanding by the market price per share. With 15,000 shares outstanding and a market price of $79 per share at the end of 2021, the calculation would be as follows:

15,000 shares × $79/share = $1,185,000

Therefore, the total market value of the common stock is $1,185,000.