reports the following information at the current fiscal year end of December 31: Common Stock, $0.10 par value per share $98,000 Additional Paid-in Capital , Common Stock 600,000 Retained Earnings 900,000 Total Stockholders' Equity $1,598,000 What was the average selling price for the common stock issued (rounded to the nearest cent)?

See below

Explanation:

We will use the formula below to calculate the average selling price for the common stock issued

Common stock issued average selling price = Paid in capital in excess of par Common ÷ Common stock per value per share

= ($600,000 + $98,000) ÷ ($98,000/0.1)

= $698,000 ÷ $980,000

= $0.71

Hence, the average selling price for the common stock issued is $0.71

if you use only 25 for your entertainment and only 200 for the groceries that you really need and take out the 50 per month for the computer then that should be enough