Robinson's Has 15,000 Shares of Stock Outstanding with a Market

question 228

Multiple Choice

Robinson's has 15,000 shares of stock outstanding with a market price of $36 per share. The balance sheet shows $330,000 in the common stock account and $189,000 in the retained
Earnings account. The firm just announced a 3-for-2 stock split. What will the value of the retained
Earnings account be after the split?

• A) $189,000
• B) $220,000
• C) $330,000
• D) $495,000
• E) $503,000

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Definitions:

Supplier Selection

The process by which firms identify, evaluate, and contract with suppliers.

On-time Performance

A measurement of the ability of a service or supplier to deliver goods or services at the scheduled time.

Supplier Selection

The process of evaluating and choosing suppliers based on criteria such as price, quality, reliability, and service to ensure the best value for the purchasing organization.

Design Collaboration Capability

The ability of teams or organizations to work together across disciplines to create solutions or products that meet customer or user needs.