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3 years ago

Before a three-for-one stock split, the shares outstanding were 5,000 shares at $12 par.

Business

1 answer:

Artemon [7]3 years ago

6 0

After the three is to one split, for every one old share, there will be three new shares.

So number of new shares = 5000*3 = 15,000 shares

Since the number of shares increased three fold, the price per share will decrease by three fold.

So the price per share after split = 12/3 =$4

So, after the split, there will be 15,000 shares at $4 per share

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Last year the company had net operating income of $450,000 on sales of $1,500,000. Lost Peak’s average operating assets for the

vesna_86 [32]

Answer:

$280,000

Explanation:

Computation for the company’s residual income for the year

Using this formula

Residual Income=Operating income- (Average operating assets×Rate of return)

Let plug in the formula

Residual Income = $450,000 – ($1,700,000 x 10%)

Residual Income=$450,000-$170,000

Residual income=$280,000

Therefore te company’s residual income for the year will be $280,000

5 0

3 years ago

An account of an event created by someone who took part in or witnessed the event

castortr0y [4]

I think the correct answer would be primary source. It is an account of an event created by someone who took part in or witnessed the event. It is also known as original source. It is any document, manuscript, diary, autobiography, artifact, recording or any source that was made at the time being studied. Examples are interviews, archives, photographs, letters, films and scrapbooks. When the data from these primary sources are obtained from other source wherein they are being analyzed and interpreted then these sources will be called as a secondary source. Examples are articles, books, magazines, surveys, internet resources.

8 0

3 years ago

) There is a hotel which has 50 rooms. When the rate is $180/night, all rooms will be booked up. There will be one more room ava

Rzqust [24]

Answer:

The best rate for the hotel for profit maximization is = 340 $/room

Explanation:

Given that

A hotel room has = 50 rooms

The rate per night = $180

More room are available when the rate is increased by = $10

A maintenance fee of =$20

Now

We find the best rate for the hotel in order to have for profit

Thus,

When no rate increase is found we have the following,

Cost = ( 180 $/room * 50) = $ 9000

Thus,

When there is a rate increase for a room, we have the following

10x $/ room

The new cost becomes = (180 + 10x) $/room * (50 - x)

which is = 9000 = 500x - 180 x - 10x²

= 9000 + 320 x - 10x²

To get the new profit, we have the following :

Thus,

Profit = (New cost) - (cost)

Profit = (9000 + 320 x - 10x²) - (9000)

= 320x - 10x²

By applying maximization

dp/dx = 0 = 320 -10 * 2x = 0

So,

x = 16

Therefore,the best rate for the hotel for profit maximization is = (180 + 10 * 16)

=340 $/room

5 0

3 years ago

Unexpected inflation causes the demand for money to and the interest rate to

Morgarella [4.7K]

Inflation will cause interest rates to rise. When interest rates rise demand for money decreases.

6 0

3 years ago

Suppose the government imposes a $2 on this market.

aliina [53]

Answer:

A) buyers of gasoline bear a higher burden of the $2 tax than buyers of paperback novels.

Explanation:

The flatter the demand curve, the more elastic. In this case, D2, the demand curve for gasoline is more steeper which means it is more inelastic. Also, S2, the supply curve for gasoline is extremely elastic since it is almost horizontal.

When a tax is imposed on a good, the largest burden will fall on the side (suppliers or consumers) whose demand or supply curve is more inelastic. When a curve is inelastic, it means that a 1% price change will affect the quantity demanded in a smaller proportion.

8 0

3 years ago