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d1i1m1o1n [39]
2 years ago
5

Ballpark has shares of par common stock outstanding. Ballpark announces a stock split of for1. What is the effect of the​ split?

Business
1 answer:
Harman [31]2 years ago
6 0

Answer:

The answer is 'it increases the number of shares outstanding'

Explanation:

Stock split increases the number of shares outstanding. It causes dilution of earnings per share.

For example, ABC Inc. has 50,000 shares outstanding and it announces a stock split of 3-for- 1.

This means that any shareholder that has 1 will exchange that 1 share for 3 shares. So at the end of the stock split the total number of shares outstanding will be 150,000 shares (50,000 x 3)

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The New Fund had average daily assets of $2.2 billion in the past year. If New Fund’s expense ratio was 1.1% and the management
Marizza181 [45]

Answer: $15,400,000

Explanation:

The fees paid to the fund's investment managers during the year would simply be the Management fee of 0.7% of the average daily assets. The expense ratio refers to other adminstrative expenses.

= 2,200,000,000 * 0.7%

= $15,400,000

8 0
3 years ago
Kier Company issued $660,000 in bonds on January 1, Year 1. The bonds were issued at face value and carried a 5-year term to mat
yuradex [85]

Answer:

Interest Expense $39,600

Cash Flow from Operating Activities $39,600

Explanation:

Payment of Interest Expense is the cash expense paid during the year which is deducted from the operating profit in the calculation of net income which is used to determine the cash flow from operating activities.

Interest on the Bond = $660,000 x 6% = $39,600

At the time of payment Journal Entry will be as follow

Dr. Interest Expense   $39,600

Cr. Cash                       $39,600

As the cash is paid against the operating activities.

3 0
3 years ago
Blackwelder factory produces two similar products-small lamps and desk lamps. the total plant overhead budget is $640,000 with 4
olasank [31]

Answer: b. $188,800 Blackwelder Company will allocates $188,800 to desk lamp production if the actual direct hours is 118,000.

We have the following:

Total Plant Overhead = $640,000

Total Estimated Direct labour hours = 400,000 hours

Actual labour hours for desk lamp = 118, 000 hours

Overhead allocation rate = \frac{Total overhead}{Total estimated direct labor hours}

Overhead allocation rate = \frac{640,000}{400,000}

Overhead Allocation Rate =  $1.6

Factory overhead allocated = Overhead allocation Rate * Actual labour hours [/tex] [tex] Factory overhead allocated = $188,800 (1.6 * 118,000)

3 0
3 years ago
More and more companies have adopted written codes of ethics. Although these codes vary greatly, they can be put into two catego
Anestetic [448]

Answer:

Ethics Code and Features

                                                      Ethics Codes

Features  Integrity- Based Ethics                Codes Based Ethics Codes

Ideal:          Accountability, decision            Education, reduced employee

                  processes, controls                   discretion

Objective: Enable responsible employee  Avoid criminal misconduct

                 conduct

Leader:     Managers                                   Lawyers    

Methods: Conform to outside standards   Conform to outside standards

               and chosen internal standards    

Explanation:

Codes of ethics refer to the governing principles and expectations that regulate the behavior of individuals and organizations in the conduct of their professional responsibilities and business activities.  Two broad categories have been identified for written codes of ethics.  They are compliance-based (rules-based) codes and integrity-based (principles-based) codes.  Rules-based or compliance-based codes emphasize prevention, while principles-based or integrity-based codes provide guidance.

7 0
3 years ago
When using various forms of promotion to carry the promotion message, it is important that the recipients of the message interpr
ivanzaharov [21]

Answer:

The correct answer is B. integrated marketing communication

Explanation:

Integrated Marketing Communications ensures that all forms of communications and messages are carefully linked together. At its most basic level this communication means integrating all the promotional tools, so that they work together in harmony.

5 0
2 years ago
Read 2 more answers
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