Answer:
The Luther's new share price is closest to $16
Explanation:
For computing the new share in case of the stock split, first we have to find out the value of total share which is shown below:
Value of share = Outstanding number of shares × price per share
= 5,000,000 × $40
= 200,000,000
Now we find out the outstanding shares after the stock split which equal to
= Value of share × stock split ratio
=5,000,000 × 5 ÷ 2
= 12,500,000
Then, compute the new share price which is equal to
= Value of shares ÷ stock split outstanding shares
= 200,000,000 ÷ 12,500,000
= $16
Hence, Luther's new share price is closest to $16
The word that best describes the effects of income taxes as the income increases is regressive.
A regressive tax unlike progressive tax in which rates increases as the payer's income increases, it increases as the payer's income decreases. examples of regressive taxes include sales taxes, user fees among others. Regressive describes a distribution effect on income or expenditure, referring to the way the rate progresses from high to low.
The number of additional items that Belle Co. purchased is equal to 27. That is, 7 + 8 + 12 which is equal to 27. The concept of LIFO is "Last In First Out" which means that the ones that has been purchased last should be dispensed off first.
The company sold 31 units. 27 of this is already the newly purchased ones and 4 came from the beginning inventory leaving the number of items to only 8 sets of paint for $1.5.
The cost of the ending inventory is,
I = 8($1.5) = $12
The answer is letter C. $12.00.
Answer:
D. The tax cut can be categorized as fiscal policy and the lowering of interest rates can be categorized as monetary policy.
Explanation:
Fiscal policy is when the government uses either taxes or government spending to influence the economy.
Contractionary fiscal policy is when the government increases taxes or reduces spending.
Expansionary fiscal policy is when the government decreases taxes or increases spending.
Monetary policy are policies enacted by central bank of a country to control money supply or interest rest.
Contractionary monetary policy is reducing money supply or increasing interest rates.
Expansionary monetary policy is increasing money supply or decreasing interest rate.
I hope my answer helps you.
If you want to use Format Painter to apply formatting to many different selections, you should follow the following steps:
1. Select the items or text with the formatting which you want to use again.
2. Go to the standard toolbar and then to the Format Painter button. Then Double click on the Format Painter button.
3. Now click to select each text, or area to which you want to apply the formatting.
