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Inga [223]
3 years ago
5

Whited Products recently completed a 4-for-1 stock split. Prior to the split, its stock sold for $120 per share. If the firm's t

otal market value increased by 5% as a result of increased liquidity caused by the split, what was the stock price following the split?
a) $28.43
b) $29.93
c) $31.50
d) $33.08
e) $34.73
Business
1 answer:
professor190 [17]3 years ago
5 0

Answer:

$31.50

Explanation:

Whited product recently concluded a 4-for-1 stock split

Before the split its stock was sold for $120 per share

The total market value is increased by 5%

The first step is to calculate the quantity of stock after the split

= $120/4

= 30

Since the total market value was increased by 5% then the stock price following the split can be calculated as follows

= 30×1.05

= $31.50

Hence the stock price following the split is $31.50

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Andrea Apple opened Apple Photography, Inc. on January 1 of the current year. During January, the following transactions occurre
nalin [4]

Answer:

Apple Photography, Inc.

Based on this information, the balance in the cash account at the end of January would be:_____.

b) $12,115.

Explanation:

a) Cash Account

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Insurance              (2,200)

Service Revenue   5,800)

Rent                       (1,600)

Office equipment (3,200)

Utilities                     (285)

Balance                $12,115

b) Apple Photography, Inc had a balance in the cash account at the end of January of $12,115 which was the difference between the cash inflows and cash outflows during the month.  The inflows represented cash received by Apple Photography  from the owners and customers and the cash paid for running the business.

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3 years ago
A $1,000 face value bond is currently quoted at 101.2. the bond pays semiannual payments of $28.50 each and matures in six years
goblinko [34]
Coupon rate is the yearly interest earned by a loan and it can be calculated with

C = \frac{i}{p}

where i is the annual interest and p is the par value of the bond or the initial loan amount.

For this particular case, since the semiannual payment is $28.50, then the annual payment is 2 x 28.50 = $57.00.

Thus, we have 

C = \frac{57}{1000} = 0.057

From this, the coupon rate is 0.057 x 100% = 5.7%.
Answer: 5.7%

7 0
3 years ago
The opportunity cost of an action: can be determined by considering both the benefits that flow from as well as the monetary cos
yarga [219]
<h3>Hello there!</h3>

Your question asks what an opportunity cost of an action is.

<h3>Answer: D). is a subjective valuation that can be determined only by the individual who chooses the action.</h3>

The reason why answer choice "D). is a subjective valuation that can be determined only by the individual who chooses the action" is correct because an opportunity cost of an action is not the same for everyone.

An opportunity cost of an action is subjective, meaning that the action can be determined by someone's opinion, feelings, etc. Everyone thinks differently, therefore making everyone's opportunity cost of action different.

A opportunity cost of an action also is determined by the individual themselves, not anyone else. That's why the action is subjective, due to the fact that the decision on the action is determined by the individual personal opinions and feelings.

<h3>I hope this helps!</h3><h3>Best regards,</h3><h3>MasterInvestor</h3>
8 0
3 years ago
Confirm accounts receivable ending balances and sales terms, such as right of return and consignment arrangements.
Andrei [34K]

Confirm accounts receivable ending balances and sales terms, such as right of return and consignment arrangements.--  Existence and accuracy

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Learn more about Confirm account receivable:

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7 0
1 year ago
In east icicle, minnesota, on the northern edge of the corn belt, the growing season is short and the soil is poor. corn yields
user100 [1]

The answer is marginal costs in both places are the same. This is because the farmers in both places are profit-maximizers, the value in each flat is equal to MC or Marginal Cost and subsequently the market of corn is competitive, the price of corn in both places is the same. Also, marginal costs are higher in East Icicle than in Corncrib can also be a possible answer. For any given outflow per acre Corncrib’s corn yield are far better than in East Icicle, at any level of output, the marginal cost per acre in East Icicle must be higher in Corncrib, which suggests that in equilibrium the output level of corn in East Icicle is less than the output level of corn in Corncrib.

8 0
3 years ago
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