XYZ corp. board of directors decided a 1 for 10 reverse split. Tina owned 5000 shares of

Fantastic news! We've Found the answer you've been seeking!

Question:

XYZ corp. board of directors decided a 1 for 10 reverse split. Tina owned 5000 shares of XYZ corp. which was selling for $1.50 per share. What will be Tina's share volume and price after the split?

Posted Date: May 13, 2024 12:55 AM

See More Questions

On May 8, 1984, Hannah Motsi graduated from Louisiana State University. She set to work opening a coffee shop in Baton Rouge called HannaH and found a perfect location in a new development. Using a...
On May 8, 1984, Hannah Eisenstat graduated from Louisiana State University. She set to work opening a coffee shop in Baton Rouge called HannaH and found a perfect location in a new development. Using...
Hospitality Inc. (HI) is a holding company with wholly owned interests in the travel and entertainment industry. It is listed on the Toronto Stock Exchange and is subject to the reporting...
A student has six textbooks, each with a thickness of 4.0 cm and a weight of 30 N. What is the minimum work the student would have to do to place all the books in a single vertical stack, starting...
Would the functions that must be provided and the development of wholesaling and retailing systems be any different in a command economy from those in a market directed economy?
Two uniform disks A and B, each with a mass of 2 kg, are connected by a 2.5-kg rod CD as shown. A counterclockwise couple M of moment 2.25 N?m is applied to disk A. Knowing that the disks roll...
Describe the flow of costs from inventory to cost of goods sold for the following methods: (a) FIFO and (b) LIFO.
Ronen Consulting has just realized an accounting error that has resulted in an unfunded liability of $398,930 due in 28 years. In other words, the company will need $398,930 in 28 years. Toni...
medical equipment industry manufactures X-ray machines. The unit cost C (the cost in dollars to make each X-ray machine) depends on the number of machines made. If x machines are made, then the unit...
21. Anderson Systems is considering a project that has the following cash flow and WACC data. What is the project's NPV? WACC: 12.25% Year 0 3 Cash flows 2 -$1,000 $500 $500 $500 a. 232.97 b. 148.79...
For each of the situations below, determine if the investment should be reported as a passive investment- ment (P), an investment reflecting significant influence (SI), or a controlling interest (C)....
Use the following year-end footnote information from Cisco Systems, Inc.s 10-K report to anfied swer parts a and b. ($ millions) Cost of available-for-sale investments securities. Gross unrealized...
If an asset declines in value, which of the following must be true? a. A liability also declines. b. Equity also declines. c. Either a liability or equity also declines or another asset increases in...
Which of the following is true about accrual accounting? a. Accrual accounting requires that expenses always be recognized when cash is paid out. b. Accrual accounting is required under GAAP. C....
Which of the following options accurately identifies the effects a cash sale of an iPhone has on Apples accounts? a. Accounts receivable increases, sales revenue increases, cost of goods sold...
You could compare the mean grades of students in different programs, classes, or schools to investigate differences in academic performance. For example, you might compare the mean grades of students...
Prairie Outfitters, Inc., a retailer, accepts paymnent through credit cards. During August, credit card sales amounted to $12,000. The processor charges a 3% fee. Assuming that the credit card...
Jam Manufacturing Inc. has beginning work in process $$27,200$, direct materials used $$240,000$, di- rect labor $$200,000$, total manufacturing overhead $$150,000$, and ending work in...
Gene Toni claims that the distinction between directed indirect materials is based entirely on physical association with the product. Is Gene correct? Why?
Jane Diaz is confused about the differences between a product cost and a period cost. Explain the differ- ences to Jane.

XYZ corp. board of directors decided a 1 for 10 reverse split. Tina owned 5000 shares of

Question:

Expert Answer:

Answer After a 1 for 10 reverse split Tinas share volume ... View the full answer

Students also viewed these finance questions