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Daniel [21]
3 years ago
11

A corporation has 12,000 shares of $20 par stock outstanding that has a current market value of $150. If the corporation issues

a 4-for-1 stock split, the market value of the stock will fall to approximately $50.
a. True
b. False
Business
1 answer:
belka [17]3 years ago
5 0

Answer:

False

Explanation:

In a 4-for-1 stock split, for every 1 share held by shareholders, it is multiplied to 4.

if outstanding shares is 12,000, after the split the shares outstanding pictures becomes 12,000 x 4 = 48,000

Market value of shares outstanding = $150 / 4 = $37.50

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3 years ago
Childress Company produces three products, K1, S5, and G9. Each product uses the same type of direct material. K1 uses 4.2 pound
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Answer and Explanation:

The computation of the contribution margin per pound for each of the three products is shown below:

As we know that

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Now the contribution margin per pound is  

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2 years ago
Knowing the educational requirements for a job you are interested in is very important. For example, to become a doctor would re
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Answer: It is very important because you need to be prepared to invest the time and money necessary to gain the required skills.

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