3-for-1 split. After the split, the price of one share was $39.24. What was the pre-split price per share?

Answers

Answer 1
Answer:   $117.72

======================================================

Explanation:

Let's say that the company is valued at $300 just as a simple example.

Also, let's say there are 100 shares each worth $3, so we have 100*3 = 300 as the total value of the company.

A 3-for-1 split means that for each share, it will get turned into 3 shares. So you turn in 1 share and in return you get 3 shares back. Or put another way, each share is ripped/cut into 3 equal pieces.

After doing this split, we would have 3*100 = 300 shares and each share would be now worth (1/3)*3 = 1 dollar. Note the new number of shares multiplied with the new value per share is still the same total valuation of $300. Doing a stock split, or a reverse stock split, will not change the value of the company. This is a good thing or else companies would simply do (reverse) splits all the time to increase their value however large they wanted without actually contributing anything to society.

------------------------

So quite simply, when we do a 3-for-1 split, we multiply the old price per share by 1/3 to get the new price per share.

Let

x = old price per share

y = new price per share

So x happens before the split and y is after the split.

For a 3-to-1 split, we can form this equation

y = (1/3)x

which solves to

x = 3y

when we multiply both sides by 3

We know that y = 39.24, which means,

x = 3y

x = 3*39.24

x = 117.72

The pre-split price per share was $117.72

------------------------

So in short, all we did was multiply the given number (39.24) by 3.


Related Questions

Selina has $50. She wants to buy some donuts which cost $2.80 each. How many donuts can she buy?

Answers

Answer:

50/2.80= 17

17 dounuts

Just part A please as soonnn as possible I need help!!! Thanks!

Answers

Answer: -1 ≤ x ≤ 4.

Step-by-step explanation: To solve this problem, we first add 7 to the inequality: -4 ≤ 4x ≤ 16. Then we divide the entire equation by 4 to get -1 ≤ x ≤ 4.

f(n) = -n^3 – 4ng(n) =
-n +4Find: f(n) +g(n)

Answers

Answer:

-n^3 – 5n + 4

Step-by-step explanation:

f(n) = -n^3 – 4

g(n) =  -n +4

f(n)+ g(n) = (-n^3 – 4n)+(-n +4)

               = (-n^3 – 4n -n +4)

               = -n^3 – 5n +4

Cameron has a bag of 50 gumdrops. There are 15 peach, 20 strawberry, 5 cherry, and 10 watermelon. Without looking, he picks a gumdrop, looks at it and puts it back, then chooses another without looking. What is the probability he will choose strawberry both times?

Answers

20/50 if they ask to simplify it is 2/5

All you have to do is take the amount and do probability like a fraction

the marked price of a shirt is 7200 a discount of 15% is on sales what is sale price​
plz and fastttt

Answers

Answer:

6120

Step-by-step explanation:

i)

15/100 × 7200

=1080 ( the amount of discount based on the marked prize )

ii) 7200-1080=6120

is v+3+8v equivelent to 9v+3

Answers

Yes it is sir 8V plus V equals 9V

What do you have to increase a number by to change it's place value

Answers

Answer:

Build more buildings

Step-by-step explanation:

Answer:

change by a tenth to hundredth to thousandth to the millionth

Step-by-step explanation:

i really need help!!!! i need answer to c:

Answers

Answer:

76.3

Step-by-step explanation:

Answer:

C = 75°

Step-by-step explanation:

The interior angles of a triangle will always add up to 180°, so all we have to do is find the missing variable.  

To do this, we first add up the two angles we do know.

—> 65 + 40 = 105      

Now that we have the total of the other two angles, simply subtract 105 from 180.

—> 180 - 105 = 75

We now have our answer!

Two parallel lines are cut by a transversal. Which statements are true for all such cases? Select three that apply.

Each pair of vertical angles is congruent.
Each pair of corresponding angles is congruent.
Each pair of supplementary angles is congruent.
Each pair of alternate interior angles is congruent.

Answers

Answer:

Step-by-step explanation:

Each pair of vertically opposite angles are equal. If you mean vertical angles as in 90 degrees, you should qualify the question

Each pair of alternate interior angles is congruent (think it should be are congruent).

Each pair of corresponding angles is congruent

The ratio of students to teachers competing in a charity race is 8:3. If 48 students take part in the race, how many teachers are
there?

Answers

Answer:

8/3=48/x

Step-by-step explanation:

times both sides by 3 8=144/x

times x by both sides 8x=144

x=18

there are 18 techers

Shel bought a $6,000 desk based on her income she can only afford to pay 600 per month The charge on the unpaid balance is 2% each month Calculate the balance outstanding at the end of month 2

Answers

Answer:

$5,030.40

Step-by-step explanation:

The balance outstanding at the end of any month is the due amount after adjusting for interest and loan repayment amount. The amount outstanding can be calculated as:

First month

Due amount = $6,000

Interest at 2% = $6,000*2% = $120

Loan repayment = $600

Reduction in balance = $600 - $120 = $480

Balance remaining = $6,000 - $480 = $5,520

Second month

Due amount = $5,520

Interest at 2% = $5,520*2% = $110.4

Loan repayment = $600

Reduction in balance = $600 - $110.4 = $489.60

Balance remaining = $5,520 - $489.60 = $5030.40

Hence, the balance outstanding at the end of month 2 is $5,030.40

Lin knows that there are 4 quarts in a gallon. She wants to convert 6 quarts to a gallon, but cannot decide if she should multiply 6 by 4 or divide 6 by 4 to find her answer. What should she do? Explain or show your reasoning.

Answers

Given:

There are 4 quarts in a gallon.

She wants to convert 6 quarts to a gallon.

To find:

Whether she should multiply 6 by 4 or divide 6 by 4 to find her answer.

Solution:

We have,

[tex]4\text{ quarts}=1\text{ gallon}[/tex]

[tex]1\text{ quarts}=\dfrac{1}{4}\text{ gallon}[/tex]

[tex]6\text{ quarts}=\dfrac{6}{4}\text{ gallon}[/tex]

Here, 6 quarts is equal to [tex]\dfrac{6}{4}[/tex] gallon. It means we need to multiply 6 by 4 in [tex]4\text{ quarts}=1\text{ gallon}[/tex] to find the answer.

Find the area of this trapezoid. Be sure to include the correct unit in your answer.

Answers

I’m not completely sure but I think that’s it’s 50cm^2

An amusement park charges a $12 parking fee plus 25 per person. What is the total cost for 32 people?​

Answers

Answer:

The total amount for 32 people is 15.36

Step-by-step explanation:

we know that for 25 people is $12 so we need to find how much it would be for one person. you would need to divide $12 / 25. from this you would get 0.48, so for one person it's 48 cents. next you're going to subtract 25 from 32, this leaves you with seven people who aren't in a group of 25. you then multiply 7 × this equals to 3.36, add 3.36 to $12 and you'll get your total 15.36.

Reba needs to simplify the expression below.

6 and one-half + 3.5 times 2 minus 7 divided by 3

Which operation should she perform first?

Answers

Answer:

she should preform division

Step-by-step explanation:

Answer:

Actually, it's C multiplication Cutty you can't be giving Wrong answers.

Step-by-step explanation:

It's C Multiplication because Were using the PEMDAS technique and this stands for

P- Parenthesis

E- Exponents

M- Multiplication

D- Division

A- Addition

S- Subtraction

So if you see in the Pemdas technique It will be C Multiplication.

I don't understand this​

Answers

Answer:

y=2/3x+3

Step-by-step explanation:

First, you would use the point slope formula : y₂-y₁/x₂-x₁

(5--3)/(3--9)

=8/12

=2/3

Then you would plug it back into the equation along with one of the points. Ex:

-3=2/3(-9)+b

-3=-6+b

3=b

So in conclusion, the formula would come out to y=2/3x+3

Hope this helps! :)

if you use synthetic division for this polynomial: 3x^5-12x^4+12x^3+30x^2-39x-42. What would the answer be?

Answers

Answer : x^5 - 4x^4 +4x^3 + 10x^2 - 13x - 14

Explanation :

(3x^5-12x^4+12x^3+30x^2-39x-42)/3 = x^5 - 4x^4 +4x^3 + 10x^2 - 13x - 14

Find the greatest common factor between 18 and 60? Help me or I die.....Jk help me plz​

Answers

6,3,2,1 there is your answer bud have a great day

Step-by-step explanation:

I dont know the answer exactly but to find the greatest common factor you have to find out like the numbers that go into the timetable your talking about like e.g a factor of 18 would be 6,3,2 etc. once you have done that between both of them then you have to find the same numbers between them. and that's the answer. hope it helped I'm not exactly good at explaining

Will give brainiest
Surds
Step by step explanation please on this question
Make sure to use Surds

Answers

Answer:

3

Step-by-step explanation:

You need to multiple 3 by 3 because 3 has an exponent. That makes the 3 into a 9. the square root of 9 is 3 so the answer is 3

true or false, x =4 is a critical point to this inequality

x²-4 / x²+9x+20 is greater than/equal to 0

Answers

Answer:

true

Step-by-step explanation:

x²-4/x²+9x+20 >=0

cross multiplying the equation we have,

(x²-4/x²+9x+20)*x²+9x+20 >= 0*x²+9x+20

= x²-4>=0

x²>=4

taking the square root of both sides, we have:

√x²>= √4

x >=2

an object travels at 20 m/s for 20 seconds. how far has it traveled?

Answers

Answer:

400 meters

Step-by-step explanation:

So it goes 20 meters every second. So you would multiply that by 20 seconds to get 400 meters.

What is 4n+n-2n as a simplified expression?

Answers

Answer:

4n-n

Step-by-step explanation:

A piece of climbing equipment at a playground is 6 feet high and extends 4 feet horizontally. A piece of climbing equipment at a gym is 10 feet high and extends 6 feet horizontally. Which statement best compares the slopes of the two pieces of equipment?
Because Five-thirds greater-than three-halves, the slope of the climbing equipment at the gym is greater.
Because Five-thirds less-than three-halves, the slope of the climbing equipment at the playground is greater.
Because Three-fifths greater-than two-thirds, the slope of the climbing equipment at the gym is greater.
Because Three-fifths less-than two-thirds, the slope of the climbing equipment at the playground is greater.

Answers

Answer:

I think its D but I'm not that sure about it.

Step-by-step explanation:

Because three fifths less than two thirds, the slope of te climbing equipment at the playground is greater.

Answer:

A)

Step-by-step explanation:

A piece of climbing equipment at a playground is 6 feet high and extends 4 feet horizontally.

Therefore its slope = length of the equipment vertically / length of equipment horizontally

=  6/4 = 3/2 = 1.5

And, A piece of climbing equipment at a gym is 10 feet high and extends 6 feet horizontally.

Therefore slope, =  10/6 = 5/3=1.67 (approx)

Since, >

Therefore, Five-thirds greater-than three-halves, the slope of the climbing equipment at the gym is greater

(I finished the quiz and got it correct, it is A.)

Find the 54th term of the arithmetic sequence -7, -23, -39, ...

Answers

Answer:

-871

Step-by-step explanation:

Equation: -16x - 7

54th term: -16(54) - 7 = -864 - 7 = -871

Question in picture solve

Answers

Answer:

x= 13.5

Step-by-step explanation:

f(x) = 2x + 9

f(x) = 36

Set the 2 equations equal to each other;

2x + 9 = 36

Subtract 9 from both sides;

2x = 27

Divide both sides by 2;

x = 13.5

Check:

f(x) = 2x + 9

f(13.5) = 2(13.5) + 9= 27 + 9 = 36

let f(x)= p+ 8/x-q. the line x=4 is a vertical asymptote to the graph of f. what is the value of q and p, if the y intercept is (0,4)?

Answers

Answer:

The value of q and p is 4 and -24  respectively.

Step-by-step explanation:

Being [tex]f(x)=\frac{p+8}{x-q}[/tex] , the line x=4 is a vertical asymptote to the graph of f(x).  The line r is an asymptote of a function if the graph of the function is infinitely close to the line r. That is, an asymptote is a line to which a function approaches indefinitely, without ever touching it.

Being a rational function that which can be expressed as the quotient of two polynomials, a vertical asymptote occurs when the denominator is 0, that is, where the function is not defined. In this case:

x - q= 0

Solving:

x= q

Being the line x=4 the vertical asymptote, then

4=q

Then the function f (x) is:

[tex]f(x)=y=\frac{p+8}{x-4}[/tex]

The y intercept is (0,4). This is, x= 0 and y=4. Replacing:

[tex]4=\frac{p+8}{0-4}[/tex]

Solving:

[tex]4=\frac{p+8}{-4}[/tex]

4*(-4)= p+8

-16= p+8

-16 - 8= p

-24= p

The value of q and p is 4 and -24  respectively.

9 = -d + 17

A.-2
B.8
C.10
D.-8

Answers

Subtract 17 from both sides

9= -d+17
9 - 17 = -d + 17 - 17

-8 = -d

Then divide.

-8/1 = -d-1

Cancel terms that are in both numerator and denominator

Answer:
8 = d
Pringles exposed for being nazi corporation? Here’s evidence for my claim

answer plss. will mark the first correct answer as brainliest!!

n is an integer.
Write the values of n such that -15 < 3n<6

Answers

Answer:

(-1,-2, -3, -4)

Step-by-step explanation:

-15 < 3n <6

-15 < 3 (-1,-2, -3, -4) <6

3 • -1 = -3

3 • -2 = -6

3 • -3= - 9

3 • -4 = -12

so all these answer still make -15 the lowest value and 6 the highest value.

Kailey correctly graphed the opposite of –3.3 on the number line.

A number line going from negative 5 to positive 5. Point A is between negative 4 and negative 3, point B is between negative 3 and negative 2, point C is at 3.3, and point D is at 3.9.

Which point could be the point Kailey graphed?

Answers

The opposite of -3.3 is 3.3, so she if she graphed correctly she graphed point C

The number line shows that Kailey could have graphed the point C (3.3).

Number Line

The number line is the graphic representation of real numbers whose center is represented by the number zero (0). The negative numbers are on the left side of the number line, on the other hand, the positive numbers are written on the right side. See the attached image.

Opposite Numbers

Opposite numbers are numbers that the distance to 0 is equal. The numbers are classified as the opposite when the sum between them is equal to zero (0).

STEP 1 -  Plot the number line

Plot the number line with the given limits: -5 to 5. See the attached image.

STEP 2 -  Plot the given points in the number line

Plot the points A, B,C an D in the number line drawn in step 1. See the attached image.

STEP 3 -  Analyse the plotted number line

Like the point graphed is the opposite of -3.3, Kailey could have plotted the point C which is at 3.3 since the sum between -3.3 and 3.3 is equal to zero (0).  

-3.3+3.3 =0

Read more about opposite numbers here:

https://brainly.com/question/13114728

#SPJ2

Find the slope of the line passing through the given points using the slope formula. Describe the slope as positive, negative, zero, or undefined.

(−7, −18) and (−7, −4)

Answers

Answer:

Undifined

Step-by-step explanation:

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