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
GrogVix [38]
3 years ago
15

Last week, Weschler Paint Corp. completed a 3-for-1 stock split. Immediately prior to the split, its stock sold for $150 per sha

re. The firm's total market value was unchanged by the split. Other things held constant, what is the best estimate of the stock's post-split price? a. $52.50 b. $50.00 c. $60.78 d. $57.88 e. $55.13
Business
1 answer:
STALIN [3.7K]3 years ago
6 0

Answer:

The answer is B..

Explanation:

Stock split is the issuing of new shares to existing shareholders according to their current holdings from the total outstanding shares. It increases the number of outstanding shares.

Post-split stock price = Current price/new per old

Number of new shares = 3

Number of old shares = 1

Pre-split stock price = $150

Therefore, post-split stock price is:

1/3 x $150

=$50

You might be interested in
Shawn is a regional sales manager of a popular fortnightly magazine. He sets targets for and reviews the performances of the sal
disa [49]

<u>Full question:</u>

Shawn is a regional sales manager of a popular fortnightly magazine. He sets targets for and reviews the performances of the sales representatives of his region. Changes in marketing strategies mandated by the magazine's headquarters authorized Shawn to be solely responsible to bring about the necessary changes in his region. In the given scenario, Shawn is most likely a _____.

A) middle manager

B) team leader

C) first-line manager

D) top manager

<u>Answer:</u>

In the given scenario, Shawn is most likely a middle manager

<u>Explanation:</u>

Middle managers deal with intent perspective and department-level decision making. Middle managers are accountable for each of the areas, as properly as for specific units inside the functional lines. Middle managers are responsible to top management for their department’s function.

They control lower-level managers and encourage them to work better. General managers, branch managers, department managers are all instances of middle-level managers. Middle managers require information from high to know what the plan is and erudition from beneath to track growth and contemporary conditions.

3 0
3 years ago
Lori and monica are looking at the cans of coffee on display at a local supermarket. they are trying to decide which of two diff
Vesnalui [34]
Monica suggests that the larger size is usually a better buy. Lori is using a(n) "algorithm" ; Monica, a(n) "<span>heuristic".

Lori's technique is requesting or demanding, however ensured to disclose to her which can is the better purchase. Monica's strategy is brisk and simple, however it may not yield the right answer. </span>
7 0
3 years ago
Both the agent and seller just signed the listing agreement. What must the licensee give to the seller now?
maw [93]

Answer:

Working with real estate agent brochure and agreement form.

6 0
3 years ago
Jennifer’s Dress Boutique custom makes wedding gowns, and requires customers to pay in advance for the work performed. When a cu
Aleks04 [339]

Answer:

A: Increase Cash $6,000 and increase Unearned Service Revenue $6,000

Explanation:

As the customer is performing the payment in advance, it will generate an obligation to the business to do the wedding gowns. This will not be a revenue; it will be liability for the business until the job is done. While the job is incomplete and undelivered, it will represent unearned service revenue.

7 0
3 years ago
True or False: In a competitive labor market, increasing the minimum wage always raises the number of employed workers.
Brrunno [24]
I believe it’s true
4 0
3 years ago
Other questions:
  • The entry to record a payment on $600 account within the 2% discount period would include
    11·2 answers
  • The importance of having a positive attitude is overemphasized. Competence is the most important factor in determining work succ
    8·1 answer
  • When employers use diplomas and degrees to determine who is eligible for jobs, even though the diploma or degree may be irreleva
    11·1 answer
  • Carlin Company has total assets of $1,000,000, liabilities of $400,000, and equity of $600,000. What is the debt ratio (rounded
    13·1 answer
  • A. Define supply as an economist would. B. List and explain three (3) non-price factors that will shift the supply curve. C. If
    7·1 answer
  • Which career cluster is the job of Elementary School Principal most likely a part of?
    14·2 answers
  • 1. If Merchandise Inventory decreases from the beginning to the end of the fiscal period, the adjusting entry includes a debit t
    6·1 answer
  • According to the figure, which point(s) would see tax revenues increase if the tax rate decreased?
    10·1 answer
  • Which statement is true about third parties in a contract?
    6·1 answer
  • Matthew mcconaughey, jay-z, and jeff bezos are reportedly bidding to buy which nfl franchise?.
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!