All categories

3 years ago

Assume that you own 3,600 shares of $10 par value common stock and the company has a

Business

1 answer:

kozerog [31]3 years ago

8 0

Answer:

The number of shares of common stock own after the stock spilt is 14,400

Explanation:

The number of shares of common stock own after the stock spilt is computed with the formula as:

Number of common stock after stock spilt = Number of common stock before stock spilt × Stock spilt multiple

= 3,600 × 4 / 1

= 14,400 shares

You might be interested in

Out of all the business types you learned about,is the most complex in order to form.

Dennis_Churaev [7]

Ranging from a sole proprietorship to a business corporation, a business corporation in the most complex type of business to form. Corporations are for-profit operations formed under the laws of a particular state and regulated by that state, as well as other agencies depending on what the business does.

7 0

4 years ago

Read 2 more answers

Bombs Away Video Games Corporation has forecasted the following monthly sales:

vladimir1956 [14]

Answer:

Bombs Away Video Games Corporation

Production and Inventory Schedule

Sales Units Production units Ending Units

Beginning inventory 38,000

January 22,600 15,200 30,600

February 21,200 15,200 24,600

March 7,600 15,200 1,800

April 7,600 15,200 9,400

May 6,600 15,200 18,000

June 9,600 15,200 23,600

July 11,600 15,200 27,200

August 11,600 15,200 30,800

September 13,600 15,200 32,400

October 19,600 15,200 28,000

November 23,600 15,200 19,600

December 27,200 15,200 7,600

Explanation:

a) data and Calculations:

Sales Budget ($'000) Sales Units Production units Ending Units

Beginning inventory 38,000

January $113,000 22,600 15,200 30,600

February 106,000 21,200 15,200 24,600

March 38,000 7,600 15,200 1,800

April 38,000 7,600 15,200 9,400

May 33,000 6,600 15,200 18,000

June 48,000 9,600 15,200 23,600

July 58,000 11,600 15,200 27,200

August 58,000 11,600 15,200 30,800

September 68,000 13,600 15,200 32,400

October 98,000 19,600 15,200 28,000

November 118,000 23,600 15,200 19,600

December 136,000 27,200 15,200 7,600

Total 182,400 182,400

3 0

3 years ago

On June 3, Arnold Company sold to Chester Company merchandise having a sale price of $3,000 with terms of 2/10, n/60, f.o.b. shi

IgorC [24]

Answer:

<u>Journal entries for Arnold Company:</u>

June 3, merchandise sold to Chester Company

Dr Accounts receivable 3,000

Cr Merchandise inventory 3,000

Dr Cost of goods sold XXX (not specified)

Cr Sales Revenue 3,000

June 12, payment received from Chester Company

Dr Cash 2,940

Dr Sales discounts 60 ($3,000 x 2%)

Cr Accounts receivable 3,000

<u>Journal entries for Chester Company:</u>

June 3, merchandise purchased from Arnold Company

Dr Merchandise inventory 3,000

Cr Accounts payable 3,000

June 8, shipping invoice received

Dr Merchandise inventory 90

Cr Accounts payable

June 12, payment made to Arnold Company

Dr Accounts payable 3,000

Cr Cash 2,940

Cr Purchase discounts 60

June 12, payment made to John Booth transport

Dr Accounts payable 90

Cr Cash 90

4 0

3 years ago

To reduce traffic, market town enacts an ordinance that allows only a few specific street vendors to operate in certain areas. a

pickupchik [31]

To reduce traffic, market town enacts an ordinance that permits only a few specific street vendors to function in certain areas. a court would likely review this ordinance under the principles equal protection.

<h3>What is principle equal protection?</h3>

The concept of equal protection states that no one should be denied the same level of protection from a government's laws. A person must be treated equally by the state's governing authority to others who are in comparable situations. Advocates have used the Equal Protection Clause, which mandates that states treat their residents equally, to challenge discriminatory laws, policies, and governmental acts.

Equal protection compels a state to govern impartially rather than making distinctions between people based purely on characteristics that are unrelated to a justifiable governmental goal. Therefore, the equal protection provision is essential for upholding civil rights. The goal of equal protection was to compel states to govern impartially and refrain from making disparities between people based on features that are immaterial to achieving governmental goals. In order to guarantee civil rights, the equal protection provision was essential.

Hence, To reduce traffic, market town enacts an ordinance that permits only a few specific street vendors to function in certain areas. a court would likely review this ordinance under the principles equal protection.

To learn more about principle equal protection refer to:

brainly.com/question/1600110

#SPJ4

8 0

2 years ago

Assume that securitization combined with borrowing and irrational exuberance in Hyperville have driven up the value of existing

Mashcka [7]

Answer:

The financial securities would decline by $106.7

Explanation:

Given

Financial securities at a geometric rate= $128

Underlying Security Asset = $14

Decreased value of the underlying asset = $6

When there's a reduction of $6 in the underlying asset price, this means the securities value will also get a reduction by a ratio of 6.

Because of this, we'll only consider the financial securities because it increases at a geometric progression unlike underlying assets that increases by arithmetic progression.

First, the value of financial securities needs to be calculated using the following formula;.

Value of Financial Securities = Financial securities at a geometric rate ÷

Decreased value of the underlying asset

Value of Financial Securities = $128 ÷ 6

Value of Financial Securities = $21.3

Tthe decline value of the financial securities is calculated as follows:

Decline Value = Financial securities at a geometric rate - Value of Financial Securities

Decline Value = $128 - $21.3

Decline Value = $106.7

Hence, the financial securities would decline by $106.7

6 0

3 years ago