The balance of the $0.50 par value Common Stock account for Murdock Company was $60,000 before its recent 3-for-1 stock split. The market price of the stock was $30 per share before the stock split. What occurred as a result of the stock split?
a. The balance in the Retained Earnings account decreased.
b. The balance in the Common Stock account declined to $20,000.
c. The market price of the stock was not affected.
d. The market price of the stock dropped to approximately $10 per share.
d
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Purchase panels are used primarily for all of the following purposes EXCEPT:
A) forecasting sales. B) establishing consumer profiles. C) evaluating test markets. D) forecasting market share E) establishing advertising rates.
Answer the following statements true (T) or false (F)
1. The cash flows from investing activities is completed by reviewing the long-term liabilities section of the balance sheet. 2. When preparing the statement of cash flows by the indirect method, it is necessary to adjust for non-cash expenses such as depreciation expense. 3. The change in cash is the key reconciling figure for the statement of cash flows and must match the change in cash reported on the comparative income statements. 4. When preparing the statement of cash flows using the indirect method, depreciation expense is subtracted from net income under operating activities.
_______ is when choices rest with making the right decision – one that is good and morally correct.
a. Utilitarianism b. Altruism c. Dentological theory d. Ethical Egoism
John's House of Pancakes uses a weighted moving average method to forecast pancake sales. It assigns a weight of 5 to the previous month's demand, 3 to demand two months ago, and 1 to demand three months ago
If sales amounted to 1000 pancakes in May, 2200 pancakes in June, and 3000 pancakes in July, what should be the forecast for August? A) 2400 B) 2511 C) 2067 D) 3767 E) 1622