What would be an approximate market price per share

Assignment Help Accounting Basics
Reference no: EM133056108

Question - A corporation, which had 36,500 shares of common stock outstanding, declared a 5-for-1 stock split.

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

b. If the common stock had a market price of $100 per share before the stock split, what would be an approximate market price per share after the split?

c. Journalize the entry to record the stock split. If no entry is required, type "No Entry" and leave the amount boxes blank.

Reference no: EM133056108

Questions Cloud

Applying international trade theories and concepts : Evaluate the effects of the export subsidies on the country's and Examine the effects of effects of the subsidies on Australia
What is the NPV : A project has an initial investment of $25,000, with $6,500 annual inflows for each of the subsequent 5 years. If the required return is 12%, what is the NPV
What is the value of adjusted gross estate : 1. Assume that Darleen died today. What is the value of her adjusted gross estate?
Learn more about finances or change : 1. Discuss abt if you are not already financially dependent, what is your plan to work towards financial independence? (In terms of personal finances)
What would be an approximate market price per share : If the common stock had a market price of $100 per share before the stock split, what would be an approximate market price per share after the split
Types of loans important : You are a real estate valuer for Bank of Almost Anything Go-forward.
Prepare the entries on the appropriate dates : Crane Corporation has 70,000 shares of common stock outstanding. Prepare the entries on the appropriate dates
Calculate the operating and cash cycles of the company : a) The financial controller of ESPY Limited has requested you to calculate the operating and cash cycles of the company?
What is capital gain yield of this bond in the first year : The yield to maturity if this bond is 8.5%. This is an annual bond. What is the capital gain yield of this bond in the first year

Reviews

Write a Review

Accounting Basics Questions & Answers

  Compute the incremental net income from reworking the phones

Assume there is no opportunity cost associated with reworking the phones. Compute the incremental net income from reworking the phones

  What journal entry should amhurst make to record stock

Amherst uses the cost method to account for treasury stock. What journal entry should Amhurst make to record the acquisition of treasury stock

  Find values for the given categories

Using the relations among accounting categories demonstrated in the tables and identities in the text, use the information on values in the chart on the next.

  Budgeted direct-labor costs for june

The direct labor hours are 11,000 and the direct labor rate is $10.50. Budgeted direct-labor costs for June would be:

  Locker rental corp lrc operates locker rental services at

locker rental corp. lrc operates locker rental services at several locations throughout the city including the airport

  What was the overall variance in profits

What were actual profits? What was the overall variance in profits? Did the company overall perform better or worse than expected?

  Wood-mode company is involved in the design manufacture and

wood-mode company is involved in the design manufacture and installation of various types of wood products for large

  What is the predetermined factory overhead rate

During April, the actual direct labor cost totaled $12,500, What is the predetermined factory overhead rate based on direct labor cost

  Molly hamilton deposited 50000 at bank of america at 8

molly hamilton deposited 50000 at bank of america at 8 interest compounded quarterly. what is the effective rate apy

  Nonqualified deferred compensation

Nonqualified Deferred Compensation What is it? Nonqualified Deferred Compensation When is it indicated? Deferred compensation to executives and key employees only Additional deferred compensation to executives receiving maximum qualified plan bene..

  Post the effects of the adjusting journal entries

Recording Adjusting Entries and Preparing an Adjusted Trial Balance Mint Cleaning, owned by Kat , had the following unadjusted accounts at the end.

  Compute the manufacturing overhead

During the month of April, direct labor cost totaled $25,000 and direct labor cost was 25% of prime cost. Compute the manufacturing overhead

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