1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
gayaneshka [121]
2 years ago
10

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

Business
1 answer:
Artemon [7]2 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

You might be interested in
Which of the following hitches are allowed home depot
IceJOKER [234]
Post a picture or something because that doesn’t make any sense
5 0
3 years ago
Assume that Sandhill Co. uses a periodic inventory system and has these account balances: Purchases $420,800; Purchase Returns a
ivolga24 [154]

Answer:

Cost of goods Sold = $384,000

Gross Profit = $259,000

Explanation:

Cost of goods sold = Opening Inventory + Net Purchase - Closing Inventory

Opening Inventory = $58,100  Closing Inventory = $92,600

Net Purchases = Purchase - Purchase Return - Discounts + Freight in

Freight in forms part of cost of purchase because without this expense inventory cannot be bought in.

Net Purchases = $420,800 - $11,900 - $8,100 + $17,700 = $418,500

Cost of goods Sold = $58,100 + $418,500 - $92,600 = $384,000

Gross Profit = Sales - Cost of Goods Sold

= $643,000 - $384,000 = $259,000.

6 0
3 years ago
On January 1, 2004, Kay Inc. issued its 10% bonds in the face amount of $400,000, which mature on January 1, 2014. The bonds wer
DaniilM [7]

Answer:

Unamortized discount is $43,700

Explanation:

Unamortized bond discount=original bond discount-amortization to date

original bond discount is $46,000

Amortization =interest  payable-interest expense

interest payable=$400,000*10%*6/12

                            =$20,000

Interest expense=$354,000*10%*6/12

                             =$17,700

amortization of discount=$20,000-$17,700

                                        =$2300

unamorized bond discount=$46000-$2300

                                            =$43,700

The unamorized bond discount at the end of the first six months is $43,700

                     

3 0
3 years ago
Advantages of being able to apply Barnlund’s Transactional Model to their workplace communication.
irakobra [83]
The transactional model of correspondence positions both communicators as senders and recipients who encode their own messages and translate others' messages with regards to both communicators' individual and shared encounters. It is an associated demonstrate, and every component exists in connection to the others.
3 0
3 years ago
Read 2 more answers
If you sell all of the capacity on a production line, inventory from that line is sold at:
mina [271]
Had to look for the options and here is my answer.
What happens when all of the capacity on a product line is being sold is that, the inventory from that line will be sold at HALF OF THE PRICE OR VALUE AS IT IS REFLECTED ON THE RECORDS OF ACCOUNTING DEPARTMENT. Hope this answer helps.
7 0
2 years ago
Other questions:
  • GAME DESIGN HELP!!! WILL MARK BRAINLIEST
    7·1 answer
  • A highly liquid financial instrument with a maturity of 90 days would be traded in: the bond market. none of the above. the mone
    15·2 answers
  • When Hope Springs Water Co. was looking to complete the _________ phase of the new product development process, the company coul
    10·1 answer
  • Walnut has received a special order for 2,700 units of its product at a special price of $200. The product normally sells for $2
    9·1 answer
  • Cassie is going to join a gym because new membership is very cheap. When she gets there, she discovers that there are added cost
    7·1 answer
  • Which of the following is a disadvantage of using credit
    15·2 answers
  • According to​ Drucker, the most important time to ask​ seriously, "What do we want to​ become?" and​ "What is our​ business?" is
    13·1 answer
  • When all employees are exceedingly clear about what is expected from them, guidelines for task completion are clear and understo
    15·1 answer
  • positive economics ______ value judgments, tries to establish ______ statements about economic behavior, and deals with ______ e
    5·1 answer
  • Fredrick is single and lives alone. He paid more than half of the cost of maintaining a home for his father for the entire year.
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!