1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
harkovskaia [24]
3 years ago
12

Company X has 20M shares outstanding at $15 per share. Management has announced a 2 for 1 stock split. What would be the new mar

ket cap of the Company X?
Business
1 answer:
dlinn [17]3 years ago
8 0

Answer:

$300 million

Explanation:

Data provided in the question

Number of shares outstanding = 20 million

Value per share = $15

So, by considering the above information, the new market cap of the company X is

= Number of shares outstanding × Value per share

= 20 million × $15 per share

= $300 million

To determine the new market cap, we simply multiplied the number of outstanding shares with the per share so that the exact value could come

         

You might be interested in
The most likely time for a miscarriage is during the ________ months.
Nat2105 [25]
The most likely time for a miscarriage is during the first three months
4 0
3 years ago
Read 2 more answers
Departmental overhead rates are generally preferred to plant-wide overhead rates when:a) the activities of the various departmen
elena55 [62]

Answer:

a) the activities of the various departments in the plant are not homogeneous.

Explanation:

When the activities are homogeneous in nature then common factor for such allocation can be derived.

With that the activities overhead cost would be allocated based on that common factor.

But when the activities are not homogeneous in nature then there can not be any common basis to allocate factory overheads in that case the company uses the plant wide overhead rate that is generally predetermined based on budgets.

8 0
3 years ago
If the paper reports a particular corporate bond price as 79.5, the price an investor would have to pay is ________.
mylen [45]
The answer is an investor would have to pay is $795. A bond quote is the last price at which a bond traded, expressed as a percentage of par value and transformed to a point scale. Par value is generally set at 100, signifying 100% of a bond's face value of $1,000 meaning the price of the bond is quoted as a percentage of $1000. In this case, the price is 79.5% of $1,000 or $795. This would be considered as a discounted bond. 
6 0
3 years ago
Petty Cash Fund Murphy, Inc., maintains a balance of $2,200 in its petty cash fund. On December 31, Murphy's petty cash account
Alecsey [184]

Answer: Check attachment

Explanation:

Miscellaneous expenses are the small and infrequent expenses which a business incurs.

Based on the question, the miscellaneous expenses is calculated as:

= $2200 - $223

= $1977

Check the attachment for further details

3 0
4 years ago
You invest $650 in security A with a beta of 1.2 and $450 in security B with a beta of 0.7. The beta of this portfolio is ______
e-lub [12.9K]

Answer:

Beta of this portfolio = 0.9953

Explanation:

Given:

Investment in security A = $650 beta 1.2

Investment in security B = $450 beta 0.7

Find:

Beta of this portfolio

Computation:

Beta of this portfolio = [650 / (650+450)]1.2 + [450 / (650+450)]0.7

Beta of this portfolio = [650 / (1,100)]1.2 + [450 / (1,100)]0.7

Beta of this portfolio = 0.7090 + 0.2863

Beta of this portfolio = 0.9953

6 0
3 years ago
Other questions:
  • Individual Problems 5-1
    12·1 answer
  • The expenditure approach to measuring gdp sums together​ ______, and the largest component is​ ______.
    7·1 answer
  • A characteristic of search firms known as headhunters is that they: question 6 options:
    10·1 answer
  • Marketing can best be thought of as a(n)?
    12·1 answer
  • To maintain a good​ relationship, one party in a conflict may sacrifice their position for the good of the organization. This co
    11·1 answer
  • Why did Industry expand across the bay to Oakland, Pittsburgh and Contra Costa county rather than further south toward San Mateo
    12·1 answer
  • Type the correct answer in the box. Spell all words correctly.
    7·2 answers
  • Which situation best illustrates the economic concept of opportunity cost
    10·2 answers
  • The manager of a shoe store noticed that mukluks were flying off the shelf in anticipation of another exceptionally cold winter.
    12·1 answer
  • Drag the tiles to the correct boxes to complete the pairs.
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!