Answer: 14,400; $17
Explanation:
Stock splits are a strategy by firms to increase the liquidity of their shares especially when they are trading at a high price. The firm divides the stock by a certain number thus increasing the number of shares by the multiple of the number. This action will divide the price of the stock and thus allow for more trade as they are cheaper.
A 4-for- stock split means that each share will become 4.
Your total number of share will become;
= 4 * 3,600
= 14,400 shares
The new price will be;
= 68/4
= $17 per share
Answer:
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Answer:
$94,000
Explanation:
Henry Jones contributed a cash of $53,300 to the partnership
The equipment had a book value of $25,500 and a market value of $32,900
The inventory had a book value of $51,900 and a market value of $16,000
The partnership assumed a note payable of $14,500 that was owed by Henry
Therefore, the amount that should be recorded in Henry's capital can be calculated as follows
= $53,300+$39,200+$16,000-$14,500
= $108,500-$14,500
= $94,000
Hence $94,000 should be recorded in Henry's capital account
Answer:
594 units
Explanation:
We must apply the logistics growth model, since applying linear or exponential growth will result in numbers which are much higher than the total production capacity of this facility. When we use the logistics growth model, the growth rate decreases as the resource limit approaches.
f(x) = c / (1 + ae⁻ᵇˣ)
initial value = c / (1 + a) = 240
600 = 240 + 240a
360 = 240a
a = 1.5
b = growth rate = (360 - 240) / 240 = 0.5
x = 5
e = 2.71828
f(x) = 600 / [1 + [1.5 x (2.71828⁻⁵) = 600 / 1.010106954 = 593.9965 = 594 units
