What would be an approximate market price per share

Assignment Help Accounting Basics
Reference no: EM133122082

Question - Effect of Stock Split - Yeoman Grill Restaurant Corporation wholesales ovens and ranges to restaurants throughout the Southwest. Yeoman Grill Restaurant Corporation, which had 57,000 shares of common stock outstanding, declared a 4-for-1 stock split.

Required -

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

b. If the common stock had a market price of $228 per share before the stock split, what would be an approximate market price per share after the split?

Reference no: EM133122082

Questions Cloud

Compute the gross profit percentage for all four quarters : Compute the gross profit percentage for all four quarters both (a) before the correction and (b) after the correction
Python program to solve a business problem in business case : Implement programs in Python to solve business problems and Design a program and illustrate the logic through flowcharts
Determine the income under absorption costing : Razor Technologies reported $127,000 of income for the year by using variable costing. Determine the income under absorption costing
Journalize the transactions of February and April : On August 22, Lava Lake Inc. sold 1,700 shares at $56 per share. Journalize the transactions of February 11, April 30, and August 22
What would be an approximate market price per share : If the common stock had a market price of $228 per share before the stock split, what would be an approximate market price per share after the split
PU5532 Health Informatics Assignment : PU5532 Health Informatics Assignment Help and Solution, University of West London - Assessment Writing Service
What is the cost of goods available for sale : The company has an effective tax rate of 18%. Bramble uses the periodic inventory method. What is the cost of goods available for sale
Journalize the adjusting entries at July : Journalize the adjusting entries at July 31 on the books of Wildhorse Company. Credit account titles are automatically indented when amount is entered
Determine the owner equity as of December : Determine the owner's equity as of December 31, 2019, assuming that assets increased by $159,000 and liabilities Increased by $48,000 during 2019

Reviews

Write a Review

Accounting Basics Questions & Answers

  Prepare the journal entry to record december payroll

Determine the employer's payroll tax expense for the month, using the following rates: FICA 8%, state unemployment 5.4%, federal unemployment 0.8%.

  Prepare the journal entries to record the issuance

Prepare the journal entries to record the issuance of the bonds assuming they sold

  Prepare journal entries to record the transactions

Prepare journal entries to record the transactions and closings for 2020 (assume the retirements were the first ever recorded by Zen Aerospace)

  Which one of the following is not one of the seven steps

Which one of the following is not one of the seven steps in the accounting cycle? ( :) Count the cash Examine source documents Perhaps construct a trial balance Determine and post adjusting entries

  Which method would result in the lowest net income

Determine the appropriate amounts to complete the following schedule. Show computations. Which method would result in the lowest net income for year 1? For year 2? Which method would result in the lowest fixed asset turnover ratio for year 1? Why?

  Determine the present value of your winnings

The payments will be made on December 31 of each year, beginning on December 31, 2012. If the current interest rate is 6.5%, determine the present value of your winnings.

  Monthly loan payment deduction

Monthly loan payment deducted directly by the bank from the account (includes $320 in interest) (3320)

  What other observations can you draw from the report

What is the purpose of the ACFE? What other observations can you draw from the report

  Amount of accrued interest payable problem

Phipps Company borrowed $25,000 cash on October 1, 2009, and signed a six-month, 8% interest-bearing note payable with interest payable at maturity. Assuming that no adjusting entries have been made during the year, the amount of accrued interest ..

  What is Copper interest expense in this situation

Copper buys and receives $10,000 worth of inventory on November 1. What is Copper interest expense in this situation

  Brislin corporation is issuing 182200of8 5-year bonds when

brislin corporation is issuing 182200of8 5-year bonds when potential bond investors want a return of10. interest is

  Explain mark-to-market accounting approach

HA 3011 Define and explain mark-to-market accounting approach and give examples where Enron's management / accountants perhaps misused this approach to portray.

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