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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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Answer:

$209

Explanation:

Since Mary's estimated annual income taxes are $5,424, then to determine the amount that should be withheld every two weeks, all we need to do is divide her total estimated taxes by 26 weeks = $5,424 / 26 weeks = $208.62 ≈ $209. generally you do not include cents in tax filings or payments, you need to round up or down. In this case you need to round up, even software rounds the amounts to the nearest dollar.  

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Deductive reasoning usually takes place in
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To realize his passion,Alex recently opened Original Tunes,Inc. ,a small state of the art recording studio in Nashville,TN.He pr
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<u>a. True</u>

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Indeed, we could rightly say the statement is true by remembering the four key factors of production (business):

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3 years ago
A shoe factory has an elasticity of supply of .5 as the price if shoes raises from $50 to $75. if the factory produced 100,000 s
lidiya [134]
E S ( elasticity of supply ) = .5 ( supply is inelastic: E S < 1 )
The formula is:
E S = Δ Q / Δ P * P / Q,
where: Δ Q is the change in quantity, Δ P is change in price, P is initial price and Q is initial quantity.
.5 = Δ Q / 25 * 50 / 100,000
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3 years ago
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The Exclusive Gift Company has a monopoly over the sale of gold hula hoops. This company is currently pricing and producing wher
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Produce throughout the shorter term but depart the industries run if the circumstances don't start changing because the losses are incurred.

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The given values are:

Gold sells,

Q = 50

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= $5000

Total cost,

= $300,000

Fixed cost,

= $100,000

So,

⇒ TR=5000\times 50

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Now,

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⇒          =2000 00

So that,

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⇒          =4000

So the above is the correct answer.

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