Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. bermuda triangle corporation (btc) currently has 5

Bermuda Triangle Corporation (BTC) currently has 560,000 shares of stock outstanding that sell for $89...

90.2K

Verified Solution

Question

Accounting

Bermuda Triangle Corporation (BTC) currently has 560,000 shares of stock outstanding that sell for $89 per share. Assuming no market imperfections or tax effects exist.
Required:

Determine the share price and new number of shares outstanding if: (Do not round intermediate calculations. Round your price per share answers to 2 decimal places (e.g., 32.16) and shares outstanding to the nearest whole number (e.g., 32).):
(a) BTC has a five-for-three stock split.
Price per share $
Shares outstanding
(b) BTC has a 11 percent stock dividend.
Price per share $
Shares outstanding
(c) BTC has a 41.5 percent stock dividend.
Price per share $
Shares outstanding
(d) BTC has a four-for-seven reverse stock split.
Price per share $
Shares outstanding

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Question No 33 Chem Section A This section contains 35 SINGLE CORRECT TYPE questions Each...

Physics
Q

Remember that there is a common notation for the number of levels in a factor and...

Basic Math
Q

John has recently discovered that online auctions can provide him with more opportunities to expand his...

Programming
Q

Rainfall induced slope instability is a common phenomenon for an area in tropic region. Please discuss...

Civil Engineering
Q

2 What did you observe about dilating lines To check your observations use words and...

Biology
Q

Solve for the value of q 59 5 49 5

Geometry
Q

Sketch the graph of the following function f x x 20x Choose the correct graph...

Statistics
Q

1. Blue Co. recorded a right-of-use asset of $100,000 in a 10-year Type B lease....

Accounting
Q

the equity at the beginning of the month was 60000 during...

Accounting
Q

transitory. a) Duets Ob) Cotton Wheel O c) One-on many O d) Parallel Duets are...

Accounting
Q

Chappie is the accountant for Chaps Inc., a local nonprofit organization . Chappie must manage...

Accounting
Q

Which of the Following Items will be Shown on the Balance Sheet ? Dividends ...

Accounting