A corporation has 50,000 shares of $28 par stock outstanding that has a current market value of $150 per share. If the corporation issues a 4-for-1 stock split, the market value of the stock will fall to approximately
a. $7.00
b. $112.00
c. $37.50
d. $600.00
c
You might also like to view...
______ is one type of organizational power, and it is based on the position that a person occupies in the organization, not on the person and their individual knowledge or skills.
A. Authority B. Accountability C. Sustainability D. Responsibility
Compton Corporation is a wholesale distributor of educational CD-ROMs. The company's records indicate the following: This YearLast YearUnits Sold 250,000 200,000Sales$1,250,000 $1,000,000Cost of goods sold 875,000 700,000Gross margin 375,000 300,000Selling and administrative expenses 222,000 210,000Net operating income$153,000 $90,000 Using the high-low method of analysis, what are the company's estimated variable selling and administrative expenses per unit?
A. $0.88 B. $0.96 C. $0.24 D. $4.17
Mr. Sanchez bought a tool set for 12 monthly payments of $45.78 each and a total finance charge of $62.89 He paid the tool set off 4 months early. What is the final payment?
A) $222.53 B) $243.50 C) $251.56 D) $377.34
Briefly describe the type of corporation favored by most big business
What will be an ideal response?