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3 years ago

What is the smallest portion of stocks called

Business

1 answer:

jonny [76]3 years ago

4 0

Answer:

Fractional share

Explanation:

Answer in my own words:

The smallest portion of stocks are called a fractional share. It comprises less than one entire stock share. Meaning the smallest portion of stocks is a fractional share.

Key words:

1: comprises

2: fractional share

Hope this helps.

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Victor Mineli, the new controller of Blossom Company, has reviewed the expected useful lives and salvage values of selected depr

rewona [7]

a. Based on the information given the revised depreciation is:

Building $1,250

Warehouse $5,993

b. Debit Depreciation expense $13,375

Credit Accumulated depreciation-Building $13,375

a. Victor Mineli Revised depreciation

Revised depreciation for Building

Building= ($700,000-$129,900-$35,100)/40

Building= $535,000/40

Building=$13,375

Revised depreciation for Warehouse

Warehouse=($115,000-$22,100-$3,000)/15

Warehouse =$89,900/15

Warehouse=$5,993

b. Journal entry

Debit Depreciation expense $13,375

Credit Accumulated depreciation-Building $13,375

Learn more here:

brainly.com/question/14278419?referrer=searchResults

8 0

3 years ago

Suppose you own 5% of Coastal Corporation's 400,000 outstanding common shares. The stock was trading for $135 per share before C

Elan Coil [88]

Answer:

number of share 30,000 share

price per share = $90

Explanation:

given data:

investor's share = 5%

outstanding share =400,000

stock split = 3/2

number of share after spliting = investor share* outstanding share* stock split

= 5%*400,000*(3/2)

= 30,000 share

per share price can be determined by using following relation:

$price\ per\ share =\frac{ outstanding\ share*\ trading\ price * investor's\ share}{ number\ of \ share\ after \ splittg}$

$= \frac{40000 *135*0.05}{30000}$

= $90

3 0

4 years ago

Which of the following is an example of a final good or service?

vesna_86 [32]

Answer:

Explanation:

Hope this helps you. sorry if wrong.

7 0

3 years ago

Following a decrease in the supply of oranges, the price of orange juice increased by 20 percent, which resulted in a 10 percent

s344n2d4d5 [400]

Answer: This implies that the cross elasticity of demand between orange juice and apple juice is 0.5.

Explanation:

The cross elasticity of demand is evaluated as:

$\frac{\text{Percentage change in quantity of demand of Good X}}{\text{Percentage change in price of Good Y}}$

Price of orange juice increased by 20 percent, which resulted in a 10 percent increase in the quantity of apple juice consumed.

The cross elasticity of demand $=\frac{10}{20}$

The cross elasticity of demand = 0.5

Hence, This implies that the cross elasticity of demand between orange juice and apple juice is 0.5.

4 0

3 years ago

Dominica Corporation is authorized to issue 1,000,000 shares of $1 par value common stock. During 2020, the company has the foll

andre [41]

Answer:

Jan. 15

DR Cash (400,000 * 7) $2,800,000

CR Common Stock (400,000 *1) $400,000

CR Paid - In Capital in excess of Par (2,800,000 - 400,000) $2,400,000

(To record issuance of common stock above par)

Sept. 5

DR Treasury Stock (30,000 * 9) $270,000

CR Cash $270,000

(To record repurchase of Common Stock)

Dec. 6

DR Dividends (0.5 * $1 * 370,000 shares) $185,000

CR Dividends Payable $185,000

(To record dividends issued)

8 0

3 years ago