Zisk Co. purchases raw materials on account Budgeted purchase amounts are April, $80,000, May, $110,000, and June, $120,000. Pay
ments are made as follows: 70% in the month of purchase and 30% in the month after purchase. The March 31 balance of accounts payable is $22,000. Prepare a schedule of budgeted cash payments for April, May, and June. (I need ending accounts payable)
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Answer:
total value be in the stock $9,000
Explanation:
given data
currently priced = $90 per share
Number of Stocks = 100 share
solution
we get here first Value of Position that is express as
Value of Position = $90 × 100
Value of Position = $9,000
and
After stock split
Number of Stocks will be
Number of Stock = 100 × 3 = 300
and
Price per Share will be
Price per Share =
Price per Share = $30
so
Value of Position = 30 × 300
Value of Position = $9,000