Tangshan Mining Has 100,000 Shares Outstanding and Just Declared a 3-For-2

question 49

Multiple Choice

Tangshan Mining has 100,000 shares outstanding and just declared a 3-for-2 stock split. Before the announcement, the firm's shares were trading at $50.00 per share. After the stock dividend, the firm's shares should trade at ________ per share.

• A) $33.33
• B) $50.00
• C) $75.00
• D) none of the above

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Definitions:

Direct Labor

The labor costs directly associated with the production of goods or services, such as wages for workers on the assembly line.

Total Manufacturing Costs

The sum of all costs directly associated with the production of goods, including direct materials, direct labor, and manufacturing overhead.

Cost Of Goods Manufactured

The total cost of producing goods during a specific period, including labor, material, and overhead costs, ready for sale.

Raw Materials Purchases

Refers to the total cost incurred by a company for the acquisition of raw materials needed for production during a specific period.