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
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

You might be interested in
Find the length of this regular solid. The total volume is<br><br> 104 cm3.
Snezhnost [94]

Answer: 4cm

Explanation:

The volume of a rectangular solid is calculated as the length multiplied by the width and then multiplied by the height.

In this scenario, since the volume is 104cm^3, the values will be:

= 4cm, 2cm and 13cm

From the values written, the length will be 4cm

7 0
3 years ago
New shale gas deposits are found in North Dakota :
lisabon 2012 [21]

Answer and Explanation:

When the deposits with respect to new shale gas found in north dakota so there would be the both shifts i.e. long run  aggregate supply and the short run aggregate supply

And on the other hand when the hot weather would lead to less crop in the midwest so there should be the shift in the short run aggregate supply

Therefore the same would be considered and relevant too

3 0
3 years ago
Kerekes Manufacturing Corporation has prepared the following overhead budget for next month.
Blizzard [7]

Answer:

Detailed solution is given below in attached diagram:

6 0
3 years ago
What was the first product sold by heinz in 1869?
pickupchik [31]
Heinz tomato ketchup
4 0
3 years ago
If a check correctly written and paid by the bank for $749 is incorrectly recorded in the company's books for $794, how should t
sertanlavr [38]

Answer:

To treat this in the bank reconciliation, the difference of $45 is deducted from the balance per bank.

Explanation:

Based on the information given;

The amount recorded (as a deduction) in the books was in excess of $45 being the difference between the actual amount $749 and the erroneous amount recorded $794.

As such, to reconcile the bank statement balance to the balance in the books, the difference $45 is deducted from the balance per bank.

However, in the computation of the book balance the excess amount $45 is added to the book balance to correct the error.

3 0
4 years ago
Other questions:
  • Hannah, the youngest owner of a family-owned grocery, wants to make sure her company's culture is embedded in their organization
    13·1 answer
  • Armando, CEO of a successful medical supply company, is constantly reading press releases, ads, and news articles about his comp
    9·1 answer
  • Analysis of the Impact of Adjustments on Financial Statements At the end of the first month of operations, the Stephan Company’s
    15·1 answer
  • Who has the greatest need for life insurance?
    7·1 answer
  • 7. What is the possible meaning of the changes in stock price for Berkshire Hathaway on the day of the acquisition announcement
    12·1 answer
  • Select the examples that best demonstrate likely tasks for Transportation Systems/Infrastructure Planning, Management, and Regul
    14·2 answers
  • Stacy purchased a stock last year and sold it today for $3 a share more than her purchase price. She received a total of $.75 in
    6·1 answer
  • Buyer Beware Toy Company is unsure of whether to sell its product assembled or unassembled. The unit cost of the unassembled pro
    15·1 answer
  • Under the terms of a net lease, a commercial tenant would usually be responsible for paying all of the following property expens
    11·1 answer
  • r. davis, capital at the beginning of the year was $2,050. rob davis also withdrew $800 from the company during the year. what i
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!