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Mia Restaurant Corporation wholesales ovens and ranges to restaurants throughout the Southwest. Mia Restaurant Corporation, which had 40,000 shares of common stock outstanding, declared a 4-for-1 stock split (3 additional shares for each share issued).
(a) What will be the number of shares outstanding after the split?
(b) If the common stock had a market price of $300 per share before the stock split, what would be an approximate market price per share after the split?
Income before interest and taxes is expected to be $3,500,000. The company has a 30% tax rate and has 600,000 shares of common stock outstanding prior to the new financing.
A building is purchased for $35,000. (1) Name the accounts impacted and how using the format account name/debit or credit/dollar amount and explain how the accounting equation is impacted.
What is the probability of making a loss on (i) Product A? (ii) Product B? (e) What is the probability of making a profit on (i) Product A? (ii) ProductB?
Describe how the analysis is to be performed and show all computations needed to arrive at the correct answer.
financial accounting project your board of directors has requested that you prepare a special report addressed to them.
The expansion will cost two million dollars, and is expected to increase operating earnings to $2,100,000. What factors should Turners manager and her supervisor, the VP of operations, consider in deciding whether to go forward with the expansion?..
Lower labor costs in China and other parts of the world can be a strategic advantage for a US firms such as Apple. Define the term opportunity Cost? What may be the impact of greatly lower labor costs on opportunity costs for Apple?
Prepare the operating activities section of the statement of cash flows for 2014. Use the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).
In the previous two months, E&P sold over $23,000 to SQU. If SQU fails to make the discount threshold, what entry will E&P have to make upon forfeit of the discount.
What are the major risk factors that you see in this project? b. As the controller and a management accountant, what is your responsibility to this project? c. What do you recommend the CEO do?
x-perience manufacturers snowboards.nbsp its cost of making 1700 bindings is as followsdirect materials17600direct
In the payback method, depreciation is added back to net operating income when computing the net annual cash flows and net present value method and the internal rate of return method can be used as a screening tool in capital budgeting decisions.
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