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Andre45 [30]
3 years ago
6

The Meat Market has 16,000 shares of stock outstanding at a price per share of $7. What will be the price per share if the firm

declares a 3-for-7 reverse stock split?
Business
1 answer:
Alekssandra [29.7K]3 years ago
4 0

Answer:

The price will be $16.33.

Explanation:

In finance, a reverse stock split is a method where shares are merged to form a smaller number of proportionally more valuable shares. A reverse stock split is also called a stock merge.

If the reverse stock is 3-for-7, that means for every 7 shares an investor have, he will receive 3 shares with a proportional value.

So 3 shares will have the same value than 7 shares of $7 (this is $49). Finally, each share willhave a price of 49/3 = $16.33

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Challenge question: Home mortgages use amortization schedules, but the principal balance might be 10 or 100 times larger than Ja
dem82 [27]

The Amortization Schedule is a table that lists the computations of a mortgage payment and enables the visualization of the details of each payment.

  • Typically, an Amortization Schedule will indicate the dates on which transactions are recorded or captured into the company's accounting records.

  • The repayments of the Amortization Schedule occupies three columns, with one indicating the amount of principal repaid while the second column indicates the portion of repayments due to interests on the mortgage. The other column shows the equal periodic payments already settled on the loan.

Thus, the amortization schedule offers an acceptable way to determine the amount of interest paid, the payments made on a mortgage, and the ending balance of the mortgage at the end of the accounting period.

Read more: brainly.com/question/14511778

6 0
3 years ago
A mutual aid working group typically includes the following
larisa86 [58]
Residents of the participating jurisdictions
7 0
3 years ago
PLEASE HELP!!!!!!!!
EleoNora [17]

Answer:

The correct option is C.  SUV

Explanation:

SUV is the support utility vehicle which is a combination of an on road vehicle with features of an off road vehicle or a house. It will have input of multi purpose furniture, place to rest, cook and excrete , all fixated on an on-road bus or a van.

The producer can use this product to keep a high margin of profit along with giving after sales services. If the vehicle has some running issue or some physical damage, the after sales service can cover that.

6 0
3 years ago
Read 2 more answers
What is Walmart's Times Interest Earned Ratio for the year of 2018 (round it to 3 numbers after the decimal point -> 0.581)
nika2105 [10]

Answer:

17.10 times

Explanation:

Complete word <em>"Walmart's reported the following amounts on its 2018 income statement E(Click the icon to view the amounts.) What is Walmart's times-interest-earned ratio for 2018? (Round to two decimals.) Times-interest-earned ratio X Data Table Year Ended December 31, 2018 42,000 Net income 6,300 Income tax expense 3,000 Interest expense Print Done"</em>

<em />

EBIT = Net Income + Interest expenses + Income tax expense

EBIT = $42,000 + $3,000 + $6,300

EBIT = $51,300

Times Interest Earned Ratio = EBIT / Interest Expenses

Times Interest Earned Ratio = $51,300 / $3,000

Times Interest Earned Ratio = 17.10 times.

4 0
3 years ago
A neighborhood recreation program serves a total of 280 children who are either 11 years old or 12 years old. the sum of the chi
Morgarella [4.7K]
<span>The total number of students = 280
  Sum of ages of children = 3238
   Let the number of children of ages 11 year old = x
   and the number of children of ages 12 year old = y
   Equation 1. x+y=280
   Equation 2. 11x + 12y = 3238
   From Equation1. y= 280-x
 Now, put the value of Y in equation 2 which gives 11x+12(280-x) = 3238
from this, 11x + 3360-12x = 3238
 x = 3360-3238
 x = 122 = children of age 11 years.
   putting value of x in equation 1,
 122+y = 280
 y = 280-122
 y =158 = children of age 12 years
   Answer. children of age 11 years =122</span>
3 0
3 years ago
Read 2 more answers
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