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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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Answer:

10% of the Janitorial Department's $450,000 costs is allocated to the Cutting Department

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Given:

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Janitorial Department   $450,000          100                                 20

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                      Department                department   department

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