<u>Answer:</u> D. 60,000 shares at $5 per share
<u>Explanation:</u>
The company has 15,000 shares and offers to split the stock four-for-one. It means that the there will be four times the number of shares but the total value of the shares, before and after the split, would remain the same.
The total value of shares = $15,000 x 20 = $300,000
Since the stock split is 4-for-1, the number of shares would be = 15000 x 4
= 60,000 shares
Therefore the total value of shares divided by the number of shares will give us the par value of the shares:
300,000 / 60,000 = $5
Answer:
13.61 %
Explanation:
We have these information to answer the question
Risk free rate = 5.25
Beta = 0.88
Future return on market = 14.75
The formula for required rate of return
= Risk free rate + [ Beta * (future return on market - risk free rate)]
= 5.25 + [0.88(14.75-4.62)]
= 5.25 + (12.98-4.62)
= 5.25 + 8.36
= 13.61%
Therefore the firm's required rate of return = 13.61 %
Thank you!
$8260 + $5500= 13,760 State income taxes, but not sales taxes,
Answer:
B. Must be written to be enforceable
Explanation:
In the United state, sale of personal property for $500 or more must be written to be enforceable. These kind of contracts are said to be within the statute of fraud.
These types of contracts are called Sales contracts which is an agreement between the buyer and seller. For the amount of money involved, a written contract provides security and peace to the mind of all those involved in the contract, hence why deals above $500 must be written to be enforceable.
Promissory estopplel is a contractual agreement based on a promise rather than on a written contract but is still enforceable and legal such as in regarding payment for services rendered so that the contractor is protected financially.
