Lay's Meat Market has 8,000 shares of stock outstanding at a price per share of $13. What will the price per share be if the firm declares a 3-for-5 reverse stock split

Answers

Answer 1

The price per share be if the firm declares a 3-for-5 reverse stock split is $21.67.

First step is to calculate the number of shares

Number of shares=[(8,000/$13)×3/5]

Number of shares=369.23

Second step is to calculate the price per share using this formula

Price per share=Shares of stock outstanding/Number of shares

Let plug in the formula

Price per share=8,000/369.23

Price per share=$21.666

Price per share=$21.67 (Approximately)

Inconclusion the price per share be if the firm declares a 3-for-5 reverse stock split is $21.67.

Learn more about price per share here:https://brainly.com/question/25749153


Related Questions

Chase Company owns 80% of Lawrence Company and 40% of Ross Company. Lawrence Company also owns 30% of Ross Company. Separate operating incomes for 2011 of Chase, Lawrence, and Ross are $450,000, $300,000, and $250,000, respectively. Each company also retains a $20,000 unrealized gain in their current income figures. Annual amortization expense of $15,000 is assigned to Chase's investment in Lawrence and another $15,000 is assigned to Lawrence's investment in Ross. Compute the noncontrolling interest in Ross' net income for 2011. $92,000. $77,400. $75,000. $64,500. $69,000.

Answers

The non-controlling interest in Ross Company's 2011 net income is A. $92,000.

Data and Calculations:

Chase Company's shareholding in Lawrence Company = 80%

Chase Company's shareholding in Ross Company = 40%

Lawrence Company's shareholding in Ross Company = 30%

                                                    Chase       Lawrence      Rose

Operating incomes for 2011   $450,000    $300,000  $250,000

Unrealized gain                           20,000        20,000       20,000

Annual amortization expense                          15,000       (15,000)

Therefore, Chase Company's shareholding in Ross Company = 64% (40% + 80% x 30%).

And Ross' non-controlling interest = 36% (100% - 64%)

= $92,000 ($250,000 + $20,000 - $15,000) x 36%

Thus, the non-controlling interest in Ross Company's 2011 net income is A. $92,000.

Learn more about non-controlling interest in subsidiaries here: https://brainly.com/question/15415717

Is L. Gore a mechanistic or an organic organization?

Answers

organizational structure

Suppose you use your entrepreneurial spirit and economics training to start your own business. In your first year of work, you are able to earn $58,000 in gross income. What is the total amount of social insurance taxes you owe the federal government

Answers

The  total amount of social insurance taxes you owe the federal government is $3,596.

The social insurance taxes will be tax rate (6.2%) of gross income amount of  $58,000 which is calculated using this formula

Social insurance taxes=Social security tax rate× Gross income

Where:

Social security  tax rate=6.2%

Gross income=$58,000

Let plug in the formula

Social insurance tax=6.2%×$58,000

Social insurance tax=$3,596

Inconclusion the  total amount of social insurance taxes you owe the federal government is $3,596.

Learn more here:https://brainly.com/question/10714904

The cat ____ the food.

A. eat
b. drink
c. up
d. run

Answers

Answer:

eat

Explanation:

Answer:

eat

Explanation:

Your brother rarely filters his observations and often makes insensitive comments that
offend others. What skill does he need to work on?
ed
a. Code-switching
b. Self-monitoring
c. Multimodality
d. Circumscribing

Answers

Considering the situation described above, my brother needs to work on Self-Monitoring.

This is because Self-Monitoring is a term often used in sociology to describe the ability to is a personality trait that involves monitoring and regulating personal presentations, emotions, and attitudes towards his social environments and situations.

By mastering the habit of Self-Monitoring, my brother would be aware of his words, behaviors, and emotions towards its effects on the people around him.

Hence, in this case, it is concluded that the correct answer is "Self-Monitoring."

Learn more here: https://brainly.com/question/23849797

To encourage employees to work the extra hours needed to get a start-up company off the ground, the CEO offered to institute a profit sharing program for everyone. Which condition that contributes to high performance is most demonstrated at this company

Answers

Answer:

can i have a choise

Explanation:

thanks

Leaders regularly communicate with subordinates to provide them instructions on the tasks that need to be completed in a high-performance workplace.Leaders reduce distractions and free team members to concentrate on their jobs by finding rapid solutions to issues.

What is a key element of high performance work systems?

This article's main objective is to outline the essential components of HPWS and show how, in the knowledge, wisdom, and information-based economy of today, forging partnerships with workers makes business sense for employers.Business professionals may be able to avoid mistakes that "conventional wisdom" can lead to and that are increasingly recognized as the root of much organizational dysfunction and decline by understanding the findings of recent research about this high trust and high empowerment management philosophy.The HPWS systems place a strong emphasis on employee involvement and show a dedication to developing an organizational culture that values commitment above control.The cultures of high performance businesses also place a strong emphasis on the pursuit of excellence and demand that employees possess a high level of qualification, competence, and improvement-oriented behavior. Management specialists have studied HPWS in depth and have discovered common management techniques that boost organizational performance and foster competitive advantage.The seven human resource techniques listed below are intended to increase revenues by involving workers as full owners and collaborators in an organization's success.Seven High Performance Work System Practices (HPWS)Security for Employees, Selected Hiring, Decentralized Decision-Making, etc.High Compensation Based on Results.Training through Commitment.Status barriers are lessened.sharing important data. Each employee's and work group's accomplishments in a high-performance work system add to the system's overall high performance.Since ethical behavior mostly benefits short-term relationships with employees but is unsustainable over time, it is an optional requirement for great performance.

       To learn more about  High Performance Work System refer

       https://brainly.com/question/15079928

       #SPJ2

A manufacturer paid total factory payroll of $200,000 in cash. The journal entry for this transaction includes a:

Answers

Based on the information given the journal entry for this transaction includes a: Debit Factory Wages Payable $200,000; Credit Cash $200,000.

Based on the given details the we were told that total factory payroll of the amount of $200,000 was paid by cash by the manufacturer.

Hence:

The appropriate journal entry to record this transaction is:

Debit Factory Wages Payable $200,000

Credit Cash $200,000

(To record factory wages payable)

Learn more here:https://brainly.com/question/15562913

Use your knowledge of management communications to select the three missing labels from the following image.

WORD BANK
Strategic Conversations
Methods
Purpose-Directed

Answers

Answer:

A. Purpose-directed: The communication conducted by the manager must be aligned with the culture and value system of the organization

I'm sure about this one but others I have not idea so far If I get it I'll upload then.

The phrase “communication management” refers broadly to the exchange of information between different businesses or inside one business. It focuses on achieving a company's target audiences through the development and execution of various communication strategies.

What use of knowledge of management communications?

Communication is crucial for self-expression. Additionally, it meets one's necessities. Effective communication is necessary for career advancement. Effective communication skills can make your personal life easier and improve your interactions with others by facilitating mutual understanding.

We mostly communicate verbally, nonverbally, in writing, and visually on a daily basis. It's best to actively listen, observe, and empathize when using any of these communication techniques.

Therefore, A Purpose directed, B Strategic Conversations C Methods.

Learn more about  management communications here:

https://brainly.com/question/28058011

#SPJ2

Why do businesses compete in free enterprise system?

Answers

Answer:

Businesses in free enterprise systems compete with each other to produce better products at better prices. Competition leads to innovation, new ideas and a more competitive market. Competiting allows businesses to control themselves and their ideas in an efficent manner.

However, competition in the free enterprise systmem leads to lower wages and income. It leads to the best product at the lowest price. It leads to a variety of products available to the consumer.

if you liked my answer please mark me as brainliest !! thanks <3 !!

In the context of the common mistakes made during succession planning, the provisions of the _____ require boards to increase the priority of CEO succession.

Answers

Firms often have different ways of appointing successors. In the context of the common mistakes, the provisions of the Sarbanes-Oxley Act require boards to increase the priority of CEO succession.

The Sarbanes-Oxley Act provisions is known to input more demands that boards do in CEO succession planning.

The Sarbanes–Oxley Act of 2002 is a common United States federal law that gives power for some specific practices in financial record keeping and reporting for corporations.

Learn more from

https://brainly.com/question/24258285

the fijian dollar is currently trading for AUD 2.55. if the interest rate in australia is 5.5% and the interest rate in New Zealand is 6.5% what would be the one year forward exchange rate

Answers

Since the interest rate in Australia is 5.5% and the interest rate in New Zealand is 6.5%, then the one-year forward exchange rate is 1 Fijian dollar equals 2.53 AUD.

The information given from the question is that 1 Fijian dollar = 2.55 AUD.

Based on the information, the foreign currency is Fijian dollar while the home currency is AUD. Therefore, the forward rate will be:

= 2.55 × [(1 + 5.5%) / (1 + 6.5%)

= 2.55 × (1.055 / 1.065)

= 2.55 × 0.99

= 2.53

In conclusion, 1 Fijian dollar equals 2.53 AUD.

Read related link on:

https://brainly.com/question/25435079

Employees feel that Sheryl ___________________ because she is direct and truthful about what they need to do and how they can improve, but she is never sarcastic or shaming.

a. is a good listener
b. has organizational conversations
c. communicates nonverbally
✔d. communicates with candor

Answers

Answer:

d. communicates with candor

Explanation:

Communicating with candor means being direct, honest, and clear about what employees need to do to meet objectives, while also expressing respect for others and not making people feel slighted, controlled, or exploited. Organizational conversations involve give-and-take between management and lower-level employees in which managers ask questions and listen to the answers. Sheryl may be a good listener, use nonverbal communication, and facilitate organizational conversations, but this sentence does not provide information about those aspects of her communication.

Abardeen Corporation borrowed $113,000 from the bank on October 1, Year 1. The note had an 10 percent annual rate of interest and matured on March 31, Year 2. Interest and principal were paid in cash on the maturity date. Required a. What amount of cash did Abardeen pay for interest in Year 1

Answers

a. The cash that Abardeen pay for interest in Year 1 is $0.

b. Interest expense that was recognized is $2,825.

c The Total liabilities was reported is  $115,825.

d. The amount of cash was paid to the bank is $118,650.

e. The amount of interest expense was reported is $2,825.

a.  The  amount of cash that Abardeen pay for interest in Year 1 is $0 reason being that the interest matured on March 31, 2017.

b. Interest expense:

Interest expense=($113,000 x 10% x 3 months /12)

Interest expense=$2,825

c. Total liabilities

Total liabilities= $113,000 + $2,825

Total liabilities = $115,825

d. Cash that was paid to the bank on March 31, 2017:

Cash= $113,000 Principal +  ($113,000 × 10% × 6/12)] Interest

Cash= $113,000 Principal +$5,650 interest

Cash= $118,650

e. Interest expense reported on the 2017 income statement:

Interest expense=$113,000 × 10% ×3/12

Interest expense=$2,825

Learn more here:https://brainly.com/question/13793991

Baker Corp. pays a constant $1.8 dividend on its stock. The company will maintain this dividend for the next 15 years and will then cease paying dividends forever. If the required return on this stock is 5 percent, what would the current share price be

Answers

Answer:

1.8 divided by 15 easy

Explanation:

0. somthing

The team created to document procedures throughout the organization had several _________________________, or expectations of behavior: be on time for meetings, check email on evenings and weekends, and share cute animal videos found online.

a. team norms
b. stages of development
c. member roles
d. task conflicts

Answers

Answer:

a. team norms

Explanation:

Answer:

The team created to document procedures throughout the organization had several team norms, or expectations of behavior: be on time for meetings, check email on evenings and weekends, and share cute animal videos found online.

If oligopoly firms decide to work together, either formally or informally, and honor the agreement then profits can be ________ by ________ output and ________ the price of goods and services. maximized; increasing; increasing maximized; increasing; increasing maximized; reducing; increasing maximized; reducing; increasing minimized; reducing; increasing

Answers

If the oligopoly firms decide to work together and honor the agreement, then, profits can be maximized by reducing output and the increasing price of goods and services.

The market of oligopoly firm is one that consists of small number of firms that have substantial influence in the particular industry.

Some oligopoly market include auto industry, air travel industry etc

Either formally or informally, If the oligopoly firms decide to work together and honor the agreement, then, profits can be maximized by reducing output and the increasing price of goods and services.

Read more about this here

brainly.com/question/1622043

You work for an accounting firm. Just last week the state legislature passed reforms to the state tax code. The revised tax code was published with an accompanying online report. You have been asked by your supervisor to compress the main points from the online report. What type of short informational report have you been asked to write

Answers

A summary is simply known as a short explanation of a work's content. The type of short informational report that I have been asked to write is a summary.

A summary report can consist of;  

The author's major supporting ideas. They show the author's purpose in writing etc.

A summary often start with an introductory sentence that talks about the text's title, author and main point of the text as you see it.

A summary is often written in your own words and it should have the ideas of the original text.

Learn more from

https://brainly.com/question/17180048

Answer:

A summary is the answer.

Explanation:

DaaS is utilized for provisioning critical data on demand.

Answers

The is true dad is utilized for provision critical data

what ideas do you feel the organization should have the opportunity to mandate without union involvement?

Answers

Answer:

any ideas that would improve things for the employees. if the ideas result in the deterioration of employees' well-being, safety or anything regarding the employees, the the union would get involved. the union exists for this reason.

How does the opportunity cost principle explain the relationship between the real interest rate and investment spending?
As the interest rate rises,
the more spending businesses want to do.
the less attractive it is to leave money in the bank instead of spending on investments.
the more attractive it is to leave money in the bank instead of spending on investments.
it has no effect on investment spending. If firms need to expand, they will invest regardless of the interest rate.
b. The investment line is
because of the relationship between real interest rates and investment
spending
perfectly elastic
vertical
upward-sloping
downward-sloping

Answers

The opportunity cost illustrates the relationship that exists between them because as the interest rate rises, the more attractive it is to leave money in the bank instead of spending on investments.

The investment line is downward sloping because of the relationship between real interest rates and investment spending.

Opportunity cost simply means what one foregoes in order to get something else. It should be noted that when there's an increase in the interest rate, this will lead, the cost of borrowing will be high. Therefore, there'll be a reduction in investment.

Therefore, there's a negative relationship between interest rate and investment spending. This then leads to a downward-sloping curve.

Learn more about the interest rate on:

https://brainly.com/question/11840728

Nonverbal communication sends powerful messages through body language and facial expressions. This set of questions covers nonverbal behavior as it is typically expressed in U.S. business culture. Your country or culture may use different styles of nonverbal communication.

When a person meets a group of people for the first time, he or she pays more attention to:

a. Body language, the sounds of conversation (angry, happy, animated, and so forth), and people’s expressions
b. The words that people say when they introduce themselves

Answers

A and b both are really important

Answer:

a. Body language, the sounds of conversation (angry, happy, animated, and so forth), and people’s expressions

Explanation:

Studies show that people place far more emphasis on nonverbal cues than on verbal cues when interpreting messages. Thus, whenever people interact face to face, they are more likely to pay attention to nonverbal cues, such as vocal tones and gestures.

your salary is $50,000 income tax rate is 21% on the first $35,000 and 23% on the rest of your income what is the total amount of tax that you owe A.$10,500 B. $10,770 C. $10,800 D.$11,500​

Answers

Answer:

C

Explanation:

35000 = 100%

35000×0.21 = 21% = $7350

50000 - 35000 = 15000 = 100%

15000×0.23 = 23% = $3450

so, in total, I pay

7350 + 3450 = $10,800

what happen when unity is not there?​

Answers

if there is no unity in a shared system, then diversity can become chaos.

Answer:

without unity there's no growth no integrity no freedom and definitely no patriotism

An investor holding a short position in a maturing futures contract may:

Answers

Answer:

Take delivery of the underlying asset from the holder of the long position.

If insurance companies are required to offer coverage to all interested people, it is said that premiums for each person will be increased. Assume that the insurance market is perfectly competitive. What is the major reason for raising the premium

Answers

Answer:

to make sure that your company gets the upper hand and to make more money off of your premium then what the other companies are making

Explanation:

Question I (30 marks)
Salma started Bag Zone in Riverside with the goal of providing good quality
handbags. Unique designs and utilizing uncommon materials for the making of the
handbags is her competitive advantage, and completed can be wholesaled
to fashion retailers or placed on consignment in local retail shops. Additionally, the
handbags can also be sold directly to consumers by displaying the prcxlucts at fashion
or craft shows or selling them online. Business has been brisk and she has established
a sizeable client base over the last five years. She thinks that it could be the time to
spend in an information system to record details about the sales, payroll process and
offer more details about the inventory
Salma believes that it will be possible to modernize some of the business process for
reducing the amount of time, which it is taking for data processing. She wants to
up four further stores throughout the next three years. Systems used should be capable
of supporting these developments
Currently, Salma finds that no details are captured by the system about the customer.
Only details about the purchased goods, the method ofpayment, member of the staff,
purchased quantity, and price & totals are captured.
It has been that levels of stock are recorded by using the stock card. It can
be seen that the details of the new inventory are entered into the cards when the new
stock and details of sold units are changed at the termination of each trading day. It
is very clear that when things become hectic, marketing off stock sheets can be
forgotten and hence they are not very exact. To know the level of the stock item, the
physical check is needed.
Required
As you have knowledge about information systems, would you provide assistance
to Salma in solving various issues like maintenance of customer details,
maintenance of marketing off stock sheets, collection of useful data for sales
forecasting and accurate calculation of wages & to electronically pay staff. You
should indicate that your suggestion would help each of the stores to improve the
organizational performance along with store's efficiency.

Answers

Based on the information given, the assistance that can be given to Salma to solve issues like maintenance of customer details, maintenance of marketing of stock sheets, etc will be enterprise resource planning.

Enterprise resource planning is a software that is used by organizations to manage day-to-day business activities like project management, risk management, accounting, procurement, etc.

The functions that can be performed by the enterprise resource planning include:

Displaying current balance.Recording transactions.Tracking wastage.Providing information on project scope.Summarizing customer billing, invoice collection, budgeting, etc.

In conclusion, enterprise resource planning will be a valuable tool for the company to improve its revenue.

Read related link on:

https://brainly.com/question/25693118

It is better to go to banks instead of family and friends for business loans because ______. (Select all that apply)

Answers

It is better to go to banks instead of family and friends for business loans because;

Banks can assist the business in analyzing problems.

Loans from family can hurt family relationships.

One of the primary reasons why financial institutions such as banks are established is to grant loans to its customers.

Banks assist people make sound financial decisions whilst also analysing their business needs such that the loan borrowed would be properly utilized.

loans from family can hurt relationships because such loans are based on trust and once the borrower is not able to payback as at when due, then such could hurt family relationships.

learn more at : https://brainly.com/question/2068865

Identify the type of writing/Essay.
11. There was a sudden hush among the people in the crowd on top of Mount Sinai. Following their gaze, I saw a thin red sliver sitting on top of bands of silver-gray clouds, suspended over the desert wilderness. As I continued to watch, the Red Crescent becomes larger, filling out into a semicircle and spilling its pigment onto the clouds and the bleak desert hills. Answer;
12. People often refer to Africa as the Dark Continent, meaning that Africans were uncivilized, unsophisticated, and ignorant people. West Africa, East Africa, and ancient Zimbabwe are examples that refute this stereotype. The Dark Continent would not be an accurate label for Ancient Africa. Answer;
13. The Taj Mehal complex includes a main gateway, a garden with pools of water, a red sandstone mosque, and an identical building called “Jawab” shah Jahan wanted to build the second mausoleum across the river, as grandiose as the Taj Mehal, to have his own remains buried there. He also wanted the two mausoleums to be connected with bridges. But unfortunately, these plans remained on paper.​

Answers

Answer:

11 informative

12 comparison

13 cause and effect

11th the essay is about Informative.

12th the essay is about comparison.

13th the essay is about cause and effect.

What do you mean by informative?

Informative means providing useful knowledge or ideas.

It helps to organize ideas, concepts, and information using strategies such as definition, classification etc.

What is comparison?

Comparison is the act of finding out the differences and similarities between two or more people or things.

Or a comparison is an examination of two or more items to establish similarities and dissimilarities.

What is cause and effect?

A cause is something that produces an event or condition.

An effect is what results from an event or condition.

The purpose of the cause-and-effect essay is to determine how various phenomena relate in terms of origins and results.

To know more about cause and effect here

https://brainly.com/question/14392541

#SPJ2

Why are professional associations interested in keeping professional standards high?
A few dishonest professionals can hurt the entire profession.
B. They can charge more for higher standards.
C. Professional associations get paid based on customer reviews.
D. Professional associations are forced by law to keep standards high.

Answers

Answer:

A few dishonest professionals can hurt the entire profession.

a wifi router has a mtbf of 10 months. What is the availability if the mttr is 12 hours and the number of days in a month is 30 ?

Answers

Answer:

40

Explanation:

Answer:

MTBF = 30 days = 30 * 24 = 720 hour. MTTR = 12 hour. i.e. A = 720 / (720 + 12) = 0.9836 = 98.36%

Bada bing, Bada

Other Questions
PLS I NEED HELP!What purposes did the Code Noir serve? Check all that apply.It established laws for slaveholders to follow.Olt set out to control the behavior of enslaved workers.It outlined punishments for enslaved workers who broke rules.It established laws for free people of color to follow in society.It outlined laws for the interaction of whites and free people of color. Eli has always been an extravert. There is some evidence that people like Eli seek stimulation because their normal brain arousal is relatively low. For example, extraverts: exhibit more activity in a frontal lobe area involved in behavior inhibition. exhibit less activity in a frontal lobe area involved in behavior inhibition. have lower levels of serotonin. have greater levels of norepinephrine.. When additional stock is issued to finance implementation of strategy, the existing stockholders' ownership and control of the enterprise are strengthened. Ill give 20 points to whoever can answer all of the questions. use a point on the number line to represent a number ot whose absulute vaue is? The 13th President of the United States was the first President to be born in New York, what was his name? Which of the following is a type of liability?A. A revenue streamB. A liquid assetC, Accounts payableD. Accounts receivablePlease select the best answer from the choices providedAB. D knowing what a rainbow looks like because you have seen a rainbow is an example of a / an ________ concept. Why is grafting considered asexual reproduction and not sexualreproduction? I will mark brainlistA wave is disturbance that transfers energy and matter. true false Solve for x8-2x=-12 PLEASE HELP WHAT IS X a generalized anxiety disorder is characterized by Need help on this plz and thanks what is the slope of the line that contains these points x- -1,0,1,2 y- 10,18,26,34 What are some of the differences between Eukaryotic and Prokaryotic gene expression? I need several answers. 18. In pea plants, the seed coat can be green or white. Green is dominant over white.Construct your own Punnett square that involves one white parent in which 50% of theoffspring can be predicted to have green seed coats. Excessive smoking, substance abuse, and sleep disorders are all examples of ________ symptoms of stress. Manuel ran his mile in 7.332 minutes. How fast is that to the nearest hundredth? Explain your answer. Where , the distance between the points ( a, c) and ( b, c) is ( ) units Please help me I need help with this