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forsale [732]
3 years ago
7

In 2014 the market value of Apple Corporation's common stock had become excessively high. On June 6th, 2014 Apple Inc. declared

a 7-for-1 stock split for the 861.38 million outstanding shares of its $0.00007 par common stock. What is the number of common shares outstanding after the stock split
Business
1 answer:
Alex_Xolod [135]3 years ago
4 0

Answer:

The number of common shares outstanding after stock-split is 6029.66  million

Explanation:

A 7-1 stock split implies that for every share that a shareholder has previously,he gets 7 now.

As a result, the total outstanding common shares now would the previous common shares multiplied by 7.

Hence the new outstanding common shares =861.38 million*7=6029.66  million

The equity of equity share capital share stays the same as there was no new cash investment in the company but the par value per share is also divided by 7 to give $0.00001  per share ($0.00007/7)

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RoseWind [281]

Answer:

The answer is "0.39010989"

Explanation:

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PV =?

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      =100 \times \frac{(1-\frac{1}{1+0.005^{48}})}{0.005}\\\\=100 \times \frac{(1-\frac{1}{1+3.55})}{0.005}\\\\=100 \times \frac{(1-\frac{1}{4.55})}{0.005}\\\\=100 \times \frac{(\frac{4.55 -1}{4.55})}{0.005}\\\\=100 \times \frac{(\frac{3.55}{4.55})}{0.005}\\\\=100 \times 0.0039010989\\\\=0.39010989

3 0
3 years ago
To record a​ 6% stock​ dividend, accountants use​ ________. To record a​ 55% stock​ dividend, accountants use​ ________. A. par
RoseWind [281]

Answer:

Computers

Explanation:

They use computers these days.

5 0
3 years ago
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ryzh [129]
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The right answer for the question that is being asked and shown above is that: "<span>Increase reserve requirement." </span>
5 0
3 years ago
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Based on the corporate valuation model, the total corporate value of Chen Lin Inc. is $500 million. Its balance sheet shows $110
solmaris [256]

Answer:

The best estimate of its stock price per share is $11.20

Explanation:

To compute stock price per share, the equation is shown below:

= Total number of equity ÷ Outstanding number of shares

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6 0
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Romashka [77]
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