Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. the market value balance sheet for oracle manufact

The market value balance sheet for Oracle Manufacturing is shown here. The company has declared...

80.2K

Verified Solution

Question

Finance

image

The market value balance sheet for Oracle Manufacturing is shown here. The company has declared a stock dividend of 30 percent. The stock goes ex-dividend tomorrow (the chronology for a stock dividend is similar to that for a cash dividend). Market Value Balance Sheet Cash $90,000 Debt $ 149,000 681,000 Fixed assets 740,000 Equity Total 830,000 $ Total $830,000 There are 25,000 shares of stock outstanding. What is the current share price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) What will the ex-dividend price be? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Current share price Ex-dividend price per share

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

Basic Math
1.2K views

Find the power series expansion for (fx)=x2ex^2 centered at a=0 and at a=-3

General Management
1.2K views

c) A Business Analyst has worked for Snoopy Insurance Ltd. for many years.  Her contract had a...

Geometry
1.2K views

Consider the following exponential functions for -3 ? x ? 3:f(x)= 3xg(x)=(1/3)xa. Determine f(x) and...

Basic Math
1.2K views

Find the range of the function f(x) = x - 5x for the domain (2,...

Calculus
1.2K views

Let F x y f x y g x y be defined on R Find...

Algebra
1.2K views

4 The formula for the area of a trapezoid is Ah b b find b2...

Algebra
1.2K views

Use the selected values of a linear function g x in the table and the...

Accounting
1.2K views

COMPANY BACKGROUNDScallion Ltd began business on 1 July 2022, specialising in the purchase and supply...

Accounting
1.2K views

prepare a traditional income statement and a contribution format, income statement. i started the problems...

Accounting
1.2K views

National Chocolate Corp. produces chocolate bars and snacks under the brand names Blast and Soothe....

Accounting
1.2K views

5. (TCOs 1 and 9) Blue Corporation, a cash basis taxpayer, has taxable income of...

Accounting
1.2K views

Birch PaperBirch Paper Co. produces the paper used by wallpaper manufacturers. BirchBirch's four-stage process includes...