After split total market value of companys stock equaled, Ask an Expert

Accounting

Q1) Urlacher Digital's stock is trading at $120 share. Company plans to announce a 3-for-2 stock split. Stock split is expected to increase company's market capitalization by 5%. Determine the expected stock price after stock split is completed?

a. $189.00

b. $84.00

c. $80.00

d. $50.40

e. $75.60

Q2) Albany Motors currently completed a 3-for-1 stock split. Previous to split, company had 10 million shares outstanding and its stock price was $150 per share. After split, total market value of company's stock equaled $1.5 billion. Compute the price of company's stock following stock split?

a. $15

b. $45

c. $50

d. $150

e. $450

View complete question

Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M917925

Have any Question?Write your Review or question?

Related Questions in Accounting Basics

Question - you are saving for a porsche carrera cabriolet

Question - You are saving for a Porsche Carrera Cabriolet, which currently sells for nearly half a million dollars. Your plan is to deposit $15,000 at the end of each year for the next 10 years. You expect to earn 8 perc ...

Quesiton company general mills incfinancial ratios are used

Quesiton: Company: General Mills Inc Financial ratios are used to assess a company's strengths and weaknesses. One way to use ratios is to compare the company under consideration to the industry average. Deriving meaning ...

You are preparing golf clubs financial reports for june

You are preparing Golf Club's financial reports for June 2017, and the 30 June 2017 bank statement has just arrived with the balance of $29,930. Currently, Golf Club's Cash account shows a balance of $30,690. Additional ...

Question - an individual received 70 capital interest in a

Question - An individual received 70% capital interest in a general partnership by contributing investment land purchased 10 years ago for 40000 value 60000 and a personal non business truck purchased 9 months ago for 12 ...

Question - eastern manufacturing is involved with several

Question - Eastern Manufacturing is involved with several situations that possibly involve contingencies. Each is described below. Eastern's fiscal year ends December 31, and the 2018 financial statements are issued on M ...

Question - before closing the revenue and expense accounts

Question - Before closing the revenue and expense accounts for the month of June ABC Company's Retained Earnings Account had a $50,000 credit balance. ABC's Net Income for June was $20,000. ABC declared and paid a $5,000 ...

Question - assume you graduate from college with 30000 in

Question - Assume you graduate from college with $30000 in student loans. If your interest rate is fixed at 5.00% APR with monthly compounding and you repay the loans over 10-year period, what will be your monthly paymen ...

Question microsoft word documentbull estimated length five

Question: Microsoft Word document: • Estimated length: five to seven (5-7) pages • 1 inch margins top & bottom; 1 to 1.25 inches on left & right sides • Line spacing: single spacing with double spacing between paragraphs ...

Question - revenue recognitionmidwest health club mhc

Question - Revenue Recognition Midwest Health Club (MHC) offers 1-year memberships. Membership fees are due in full at the beginning of the individual membership period. As an incentive to new customers, MHC advertised t ...

Question - sandhill inc leased equipment from tower company

Question - Sandhill, Inc. leased equipment from Tower Company under a 4-year lease requiring equal annual payments of $424152, with the first payment due at lease inception. The lease does not transfer ownership, nor is ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Accounting Basics Expert