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3 years ago

An investor owns 200 shares of a stock that has split 2 for 1. The investor will get the additional 200 shares by_______.

Business

1 answer:

Scrat [10]3 years ago

6 0

Answer:

Explanation:

Given information

Number of shares owned = 200 shares

Split ratio = 2 for 1

Number of additional shares = 200 shares

The additional shares would get when the investor received the new certificate which specifies the additional shares plus the old certificate is also with the investor which decreased the par value of each share.

It is a cheaper method as compare to cancel the shares plus issuing them

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The Morris Corporation has $350,000 of debt outstanding, and it pays an interest rate of 12% annually. Morris's annual sales are

Anni [7]

Answer:

TIE 2.47

Explanation:

$\frac{EBIT}{InterestExpense} = $Times Interest Earned$

Our first step will be calculate the interest expense

350,000 debt outstanding * 12% rate = 42,000

Next, we need the EBIT which means Earnings Before Interest and Taxes.

Using the net profit margin of 3% we can get the net income

This means 3% of sales become net income

We are going to apply this to Morris sales to get the net income

$1,750,000 * 0.03 = 52,500$

Now this include the interest and taxes, we need to get the Earning before those two concepts so:

$\frac{NetIncome}{1-Tax Rate} + $Interest Expense = Earnings Before Interest and Taxes$

$52,500/(1-0.40)+42,000 = 87,500 + 42,000 = 129,500$

Now we got everything needed for the TIE

129,500/52,500 = 2.47

3 0

3 years ago

An economy is experiencing a recessionary gap. The government can ______.

Jobisdone [24]

Answer:

Increase expenditure or cut taxes to increase aggregate demand.

Explanation:

A recessionary gap is a macroeconomic term which portrays an economy working at a level underneath its full-employment equilibrium. Under a recessionary gap condition, the degree of real gross domestic product (GDP) is lower than the degree of full employment, which puts descending pressure on prices over the long haul.

6 0

3 years ago

The current property taxes on a parcel are $1,743.25 and have not been paid. If the sale is to be closed on August 12, what is t

galben [10]

Answer:

$1,743.25 divide 360 =$4.84 taxes per day

prorate jan1-aug12=222days

222x4.84=$1,074

Explanation:

5 0

3 years ago

It costs Glenwood, Inc. $82 per unit to manufacture 1,000 units per month of a product that it can sell for $122 each. Alternati

mixas84 [53]

<h2>Answer:</h2><h2>The profit would increase by $ 4000 if complex product was produced.</h2>

Explanation:

Total number of units to be manufactured = 1000

(i) The cost price of 1 unit = $ 82

The cost price of 1000 units = 82 * 1000 = $ 82000

Selling price of 1 unit = $ 122

The selling price of 1000 units = 122 * 1000 = $ 122000

Profit earned = 122000 - 82000 = $ 40000

(ii)To produce a complex product,

The cost price of 1 unit = $ 82 + $ 36 = $ 118

The cost price of 1000 units = 118 * 1000 = $ 118000

Selling price of 1 unit = $ 162

The selling price of 1000 units = 162 * 1000 = $ 162000

Profiy earned = 162000 - 118000 = $ 44000

Therefore, the profit would increase by $ 4000 if complex product was produced.

5 0

3 years ago

"?________ the owners of the factors of? production, while? ________ what amounts of those factors to hire."

emmasim [6.3K]

Households are the owners of the factors of productions, while firms determine what amounts of those factors to hire.

7 0

3 years ago