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Mars2501 [29]
3 years ago
11

Robinson's has 24,000 shares of stock outstanding with a par value of $1 per share and a market price of $40 a share. The balanc

e sheet shows $24,000 in the common stock account, $430,000 in the paid in surplus account, and $360,000 in the retained earnings account. The firm just announced a 3-for-1 stock split. How many shares of stock will be outstanding after the split?
Business
1 answer:
Zina [86]3 years ago
7 0

Answer:

Find attached question with multiple choices

The third option ,72,000 shares, is the correct answer.

Explanation:

A stock split refers to redenomination of shares by increasing the number of shares and proportionately reducing the number par value per share.

A 3-1 share split means that one prior share now commands three shares while the price of one share is apportioned between the three shares

Robinson now 3/1*24,000 shares=72,000 shares

One previous share was $1 par value but the three new shares would $1/3=$0.33 per share instead of the previous $1 par value

Download xlsx
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Chace is a manager at Westwick Inc., an advertising company. He regularly holds meetings with his subordinates to track their wo
natita [175]

Answer:

concurrent control

Explanation:

Concurrent control (also known as steering or preventive control) is the process of monitoring activities in real time so as to identify and preventing problems from happening thereby producing the desired result and completion of activity in time. This involves applying regulations on the ongoing process based on standards, rules, codes, and policies so that they conform to the organization or company standards

5 0
3 years ago
The market for a good was in equilibrium. A change occurred which resulted in a new equilibrium with a higher price for the good
aev [14]

Answer:

C) The supply curve moved to the left.

Explanation:

A supply curve shift to the left due to a reduction in the quantity supplied to markets. When the market is at equilibrium, a decrease in supply will likely to create a shortage. Buyers will compete to buy the few available items at the price that suppliers will demand. Suppliers will take advantage of the " increase " in demand to raise prices.

A reduced supply means that the quantity available in the market decreases. At equilibrium, the quantity supplied matches demand, but when supply decreases, the quantity supplied also decreases.

4 0
3 years ago
A manufacturing cell consists of 12 identical machines. At any given time, one or more of the machines may be inoperable. The op
elena-s [515]

Answer

The answer and procedures of the exercise are attached in the attached archives.

Explanation  

Please consider the information provided by you in the exercise. If you have any question please write me back. Please take a look to the image attached.  

5 0
3 years ago
Andrea davis plans to invest $600 into a money market account. find the interest rate that is needed for the money to grow to $1
Anna35 [415]

Answer:

The interest rate is 5.2%

Explanation:

A = Pe^rt

A = $1240

P = $600

t = 14 years

1240 = 600e^14r

e^14r = 1240/600 = 2.067

e^14r = 2.067

14r = ln 2.067

14r = 0.726

r = 0.726/14 = 0.052 = 5.2%

6 0
3 years ago
Bottum Corporation, a manufacturing Corporation, has provided data concerning its operations for May. The beginning balance in t
Alisiya [41]

Answer:

$48,200

Explanation:

The computation of the direct material cost for the month of May is shown below:

Direct materials cost = Beginning raw materials inventory + purchases made  - Ending balance of raw materials - Indirect materials

= $24,000 + $71,000 - $44,000 - $2,800

= $48,200

Hence, the direct material cost for the month of May is $48,200

3 0
3 years ago
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