Answer:
a) Number of shares after stock split = Total outstanding shares before split × 2
=24, 000 shares × 2
=48,000 shares
Number of shares immediately after stock split is 48,000.
b)Under a stock split, the outstanding number of shares are increased as per the split. As per the given information, the split is stock is 2-for-1, therefore, after the stock split the number of outstanding shares will be twice of shares outstanding before the stock split.
Par value of each stock after split= 2
Par value per common stock before stock split = Par common shares / 2
Par value per common stock before stock split
= $1.00 /2
=$0.50
c) Market price per stock after split= 2
Market value per stock after the split= Market price of Sandals common stock / 2
= $29/2
= $14.5
The current price of the stock = $20
<h3>What is stock?</h3>
The division of ownership of a corporation or company into shares is known as stock. Depending on the total number of shares, one share of stock represents a fractional ownership interest in the company.
<h3>What is mathematical operation?</h3>
An operation is a function in mathematics that converts zero or more input values, also known as operands, into a clearly defined output value. The operation's complexity is determined by the number of operands, sometimes referred to as arguments.
<h3>According to the given information:</h3>
The earnings per share of a stock is = $2
the current price/earnings (p/e) ratio is = 10
the current price of the stock = P/E
10 = P/2
P = 10*2
P = 20
The current price of the stock = $20
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Answer:
Direct material price variance= $400 favorable
Explanation:
Giving the following information:
Actual quantity purchased 200 units
Actual price paid $8 per unit
Standard price $10 per unit
<u>To calculate the direct material price variance, we need to use the following formula:</u>
Direct material price variance= (standard price - actual price)*actual quantity
Direct material price variance= (10 - 8)*200
Direct material price variance= $400 favorable
Answer:
You got this, never give up!
Explanation:
Believe in yourself. : )
Answer:
A. Planning
Explanation:
A marketing research has do with collection, analyzing and implementation of data that are related to marketing conditions of the business.
The marketing research process includes
problem definition
defining research plans
collection of information
analyzing information
presenting findings and
making decisions.
The question "Are there promising new market for our product?" asked by Camille's Calendar company is related to the planning stage because the planning stage involves gathering information that is related to the achievement of the marketing objectives. The questions asked at this level will help the company develop a plan that will help in solving the problem it is faced with which is the limited scope of market that it has.
The planning stage will help the company formulate strategies that will be helpful towards expanding the market for its product.
