What would be an approximate market price per share

Assignment Help Accounting Basics
Reference no: EM132702923

Effect of Stock Split

Audrey's Restaurant Corporation wholesales ovens and ranges to restaurants throughout the Northwest. Audrey's Restaurant Corporation, which had 30,000 shares of common stock outstanding, declared a 4-for-1 stock split (3 additional shares for each share issued).

Problem a. What will be the number of shares outstanding after the split?

Problem b. If the common stock had a market price of $240 per share before the stock split, what would be an approximate market price per share after the split?

Reference no: EM132702923

Questions Cloud

Culture to accommodate differences in learning styles : You have several international students. How would you investigate each one's culture to accommodate differences in learning styles?
Understand data in today business world : Why is it so important to know how to create spreadsheets and understand data in today's business world?
Advantages and disadvantages of balanced scorecard : Discuss the advantages and disadvantages of the balanced scorecard. Do you use this type of monitoring tool in your organization?
What is the benefit to clarify tasks and processes : What is the benefit to Clarify tasks and processes, not just goals and roles in a virtual team work?
What would be an approximate market price per share : If the common stock had a market price of $240 per share before the stock split, what would be an approximate market price per share after the split?
Create a budget from an external point of view : Create some assumptions, and make a budget from an external point of view. Describe the situation and the results. Show computations when appropriate
Develop a picot question that defines a gap in practice : Develop a PICOT question that defines a gap in practice related to a specific population at the organizational, regional, or national level for care.
Compute the goods available for sale and the cost of goods : Compute the goods available for sale and the cost of goods sold and gross profit for the merchandiser. Compute net income for each company.
Describe tqm and six sigma approaches to quality : What are the key elements of each of the approaches? Are there instances when one approach is preferred over the other? Explain your rationale.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Why might a company prefer a foreign currency option

International Accounting focuses on foreign currency and hedging. Why might a company prefer a foreign currency option rather than a forward contract in hedging a foreign currency firm commitment?

  What are the amounts for alpha company

What are the amounts for each of the following missing items? 1. Alpha Company's 12/31/15 Liabilities 2. Alpha Company's 12/31/16 Assets

  Identify publicly traded company that you are interested in

Identify a publicly traded company that you are interested in. Identify the book value of equity as well as the market capitalization as of the most recent.

  The redemption did not qualify for sale exchange treatment

Because of the attribution rules of Code Sec. 318, the redemption did not qualify for sale or exchange treatment

  Find the number of equivalent units of work done

Assembly department of Zahra Technologies had 100 units as work in process. Find number of equivalent units of work done during the month for direct materials

  Compute the cost of the ending inventory

Compute the cost of the ending inventory using each of the following methods: (1) FIFO, (2) LIFO, and (3) weighted-average

  How much is the monthly interest expense

How much is the total interest expense over the life of the note? How much is the monthly interest expense?

  Discuss financial statements in event of losing a lawsuit

Describe how the impairment of the patent will be reflected on the financial statements in the event of losing a lawsuit

  Issuance of the audit report

Explain the auditor's responsibility for discovery of subsequent events occurring after completion of fieldwork but before issuance of the audit report.

  Calculate the weighted average cost for the han corp

Given the following information, calculate the weighted average cost for the Han Corp.

  Find the net income of a company

Explain how I would be able to find the net income of a company and which financial statement

  Journal entry to record the issuance of the bonds

Please prepare the journal entry to record the issuance of the bonds. In using the effective-interest method, prepare the journal entries to record the first two interest payments.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd