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Kipish [7]
3 years ago
9

JPix management is considering a stock split. JPix currently sells for $70 per share and a 3-for-1 stock split is contemplated.

What will be the company's stock price following the stock split, assuming that the split has no effect on the total market value of JPix's equity
Business
1 answer:
Vlad [161]3 years ago
8 0

Answer:

$23

Explanation:

Calculation to determine What will be the company's stock price following the stock split, assuming that the split has no effect on the total market value of JPix's equity

P0=70, Split = 3 for 1, New P0?

P0 new= $70/(3/1)

P0 new=$70/3

P0 new= $23

Therefore What will be the company's stock price following the stock split, assuming that the split has no effect on the total market value of JPix's equity is $23

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For a plaintiff to establish that he or she has standing to sue, the plaintiff must allege ________.
Bad White [126]

For a plaintiff to establish that he or she has the standing to sue, the plaintiff must allege a personal stake in the resolution of the controversy.

<h3>Who is a Plaintiff?</h3>

A plaintiff is an individual or group who initiates a lawsuit in a court of law. The plaintiff by doing so seeks justice and a legal remedy for that particular problem.

When a plaintiff seeks to establish that he or she has a legal standing to sue, he must allege a personal stake in the resolution of the controversy. That way, he would properly establish the fact.

Learn more about a Plaintiff here:

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5 0
2 years ago
A company sold equipment for $100,000; the equipment had cost $300,000 and had accumulated depreciation of $180,000. The company
antiseptic1488 [7]

Answer:

Debit to loss on sale of equipment of $20,000

Explanation:

Data provided in the question:

Selling cost of the equipment = $100,000

Cost of the equipment = $300,000

Accumulated depreciation of the equipment = $180,000

Now,

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= $120,000

Therefore,

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= Selling cost of the equipment - Book value of the equipment

= $100,000 - $120,000

= - $20,000

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Hence,

The company’s journal entry to record the sale of the equipment would include a Debit to loss on sale of equipment of $20,000

7 0
3 years ago
As a real estate speculator, you are planning and able to buy a house that costs $200,000, borrowing the full amount with no mon
Ivanshal [37]

Answer: $4,000

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When you sell it in a year, it would have appreciated by 2% over the capital that you invested as per the expected increase in Real Estate rates.

Your capital gain therefore is that 2%;

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3 years ago
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nika2105 [10]

Answer:

Income will increase by $84.

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<u>Now, the unitary contribution margin:</u>

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8 0
2 years ago
What are the five conditions that must exist for an exchange to occur?
WARRIOR [948]

Answer:

Please check below for answer.

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