Robinson's Has 15,000 Shares Outstanding with a Par Value of £1.00

question 24

Multiple Choice

Robinson's has 15,000 shares outstanding with a par value of £1.00 per share and a market price of £36 a share.The statement of financial position shows £15,000 in the ordinary equity account,£315,000 in the additional paid in capital account,and £189,000 in the retained earnings account.The firm just announced a 3-for-2 stock split.How many shares will be outstanding after the split?

• A)10,000 shares
• B)12,500 shares
• C)20,000 shares
• D)22,500 shares
• E)27,500 shares

Appreciate the importance of self-regulation in achieving long-term goals and its predictors.

Understand the concept of ironic processing and strategies to minimize its effects.

Identify the components and functions of self-regulation systems.

Recognize the role of action identification and construal level theories in goal setting and task approach.

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Definitions:

Consumer Surplus

The difference between the maximum price consumers are willing to pay and the actual price they pay.

Deadweight Loss

A loss of economic efficiency that occurs when the equilibrium for a good or service is not achieved or is not achievable due to market distortions like taxes or subsidies.

Producer Surplus

The difference between the amount producers are willing to sell a good for and the actual amount they receive.

Equilibrium

A state in which market supply and demand balance each other, resulting in stable prices.