The Common Stock of Checkers, Inc

question 275

Multiple Choice

The common stock of Checkers, Inc. is selling for $40 a share. The par value per share is $1. Currently, the firm has a total market value of $78,600. How many shares of stock will be outstanding if the firm does a 5-for-3 stock split?

• A) 1,179 shares
• B) 1,965 shares
• C) 2,555 shares
• D) 3,275 shares
• E) 5,895 shares

Recognize the benefits of budgeting in planning, coordination, and performance evaluation.

Understand the specific roles and responsibilities in the budgeting process.

Understand the concept of budgeting and its importance in financial planning.

Learn how to calculate budgeted purchases based on beginning and ending inventory, and the cost of goods sold.

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Definitions:

Uniform Pool

A shared resource or collection of items, such as uniforms, that are uniformly distributed among members of a group or organization.

Applicant Pool

The collective group of candidates who have applied for a specific job opening, from which an employer can shortlist and select future employees.

Blind Ads

Job advertisements that do not disclose the identity of the employer, often used to gather a wide range of candidates or for confidentiality.

Limited Information

A scenario in which decision-makers have to operate without having access to all the relevant data or details, often leading to decisions based on partial insights.