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Delicious77 [7]
3 years ago
6

ACME Inc. has decided on a 10for1 reverse stock split. If the firm currently has​ 40,000,000 shares​ outstanding, how many share

s will be outstanding after the stock​ split?
Business
1 answer:
kondor19780726 [428]3 years ago
8 0

Answer:

$4,000,000 Shares

Explanation:

Calculation for how many shares will be outstanding after the stock​ split

Using this formula

Outstanding Shares after stock split =Shares​ outstanding ÷Reverse stock split

Let plug in the formula

Outstanding Shares after stock split =$40,000,000÷10

Outstanding Shares after stock split =$4,000,000 Shares

Therefore the amount of shares that will be outstanding after the stock​ split will be $4,000,000

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Frictional unemployment:_______.a. would be eliminated if the economy were more stable.b. would be eliminated if the minimum wag
Tema [17]

Answer:

.d. is present even when labor markets are working well.

Explanation:

Frictional unemployment occurs when one is searching for their first job. It also comes about when workers are shifting from one job to another. Frictional unemployment is naturally occurring. It is present even when the economy is considered to be in full employment.

Before a college graduate finds their first job, they will be frictionally unemployed. A worker in between jobs is also frictionally unemployed. During times of economic downturns, frictional unemployment does not increase like other forms of unemployment.

3 0
3 years ago
Who determines whether a good is normal or inferior?
icang [17]

Answer:

A.

Explanation:

Determining whether a good is normal or inferior depends on individuals. When there is a rise in the income of a person and he/she buy more of a good, it shows that good is normal. When there is a rise in a person income and there is a decrease in the demand for goods, then the product is inferior.

Therefore, it is an individual who determines whether a good is normal or inferior. Thus option A is correct.

8 0
3 years ago
Suppose the price of wheat is set at $5 a bushel and not allowed to decrease. This price is above the equilibrium price, which c
Talja [164]

Answer: it is price floor

Explanation:

5$ is the lowest the price can go because they will NOT set it any lower, but it can go higher from there.

i took the testtoo, i got it correct.

floor is the lowest price, ceiling is the highest.

3 0
3 years ago
Read 2 more answers
2. With sufficient detail, Discuss how materiality and risk are related and integrated into the audit
Ipatiy [6.2K]

Answer:

Audit Risk and Materiality

These two concepts have an inverse relationship.  When the materiality level is set low, the audit risk envisaged by the auditor is on the high side.  When the materiality level is set high, the audit risk as perceived by the auditor is on the low side.

But, what exactly is materiality?  Materiality refers to the basis that can change or influence the judgment of a reasonable person arising from a quantitative and qualitative omission or misstatement of a fact.  And audit risk refers to the risk of material misstatement in the financial statements presented by a company.

Explanation:

The risk of material misstatement in the financial statements is the reason that professional auditors design their audit procedures to reduce the audit risk to an acceptably low level.  This implies that auditors gather more audit evidence when the materiality is set to a low level, showing that audit risk has increased and vice versa.

4 0
3 years ago
On September 1, Vicario, Inc., borrows $100,000 from First National Bank at 6 percent annual interest. This note is due in 90 da
Tomtit [17]

Answer:

Explanation:

The journal entry is shown below:

Cash A/c Dr $100,000            

     To Notes payable A/c $100,000        

(Being the issuance of the note payable is recorded)

For recording this transaction, we debited the cash account as it increases the asset and credited the note payable account as it also increases the liabilities account    

5 0
3 years ago
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