Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Aug 09, 2024

If a company sells 5,000,000 shares of ownership stock for $2 per share, and the value of each share rises to $3, what is the

image text in transcribed

If a company sells 5,000,000 shares of ownership stock for $2 per share, and the value of each share rises to $3, what is the market capitalization of the company? Select an answer: $5,000,000 $10,000,000 $15,000,000 $30,000,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

3 Column Record 100 Page Account Book

Authors: IJ Publishing LLC

Ntb Edition

1537091360, 978-1537091365

More Books

Students also viewed these Accounting questions

Question

★★★★★

1. What particular Big Five personality traits and what elements of core self-evaluation appear to characterize Mr. Feuerstein? 2. How do you think Mr. Feuersteins social skills may have contributed...

Answered: 1 week ago

Question

★★★★★

3. Comparative Report on a Current Periodical. Apply two or three of the Seven Cs discussed in this chapter as criteria for evaluating several different kinds of publications. (1) Do your analysis of...

Answered: 1 week ago

Question

★★★★★

Is this issue more complex than it seems?

Answered: 1 week ago

Question

★★★★★

Your audit manager has asked you to explain the PCAOB Assertions by using an account on the balance sheet at your audit client. For the accounts receivable account, please define each of the PCAOB...

Answered: 1 week ago

Question

★★★★★

QUESTION 19 A restaurant has 125 seats with an average check of $8.00 and a daily seat turnover of 2.5. It opens 5 days a week and the average check is forecasted to increase by 10% next year. Next...

Answered: 1 week ago

Question

★★★★★

Homework 2 - Week 7 Attempts Average / 3 1 . Calculating inflation using a simple price index Consider an imaginary price index, the Undergraduate Price Index (UPI), created to represent the annual...

Answered: 1 week ago

Question

★★★★★

The statute of international court of justice is a key document in international law apart from establishing the international court of justice ,it plays other major roles under international law

Answered: 1 week ago

Question

★★★★★

How many carbon,hydrogen and oxygen atoms/bonds are present in Buckminster Fullerene?

Answered: 1 week ago

Question

★★★★★

Define Management or What is Management?

Answered: 1 week ago

Question

★★★★★

What do you understand by MBO?

Answered: 1 week ago

Question

★★★★★

Arndt, Incorporated reported the following for 2024 and 2025 ($ In millions): Revenues Expenses 2024 $ 942 798 Pretax accounting income (income statement) Taxable income (tax return) $ 144 $ 102 2025...

Answered: 1 week ago

Question

★★★★★

=+1. Is a firm responsible for its supply chain? If so, how far down the supply chain does this responsibility extend? Should a firms operations abroad be judged by the standards (legal, economic,...

Answered: 1 week ago

Question

★★★★★

=+3. Is it fair to make the comparison between the amount Nike pays its factory workers in Vietnam and the salaries of its CEO and the athletes that endorse the companys products?

Answered: 1 week ago

Question

★★★★★

=+2. Do you wear Nike shoes? If so, why? If not, why not? Why is Nike so successful?

Answered: 1 week ago

Previous Question Next Question