On July 31, 2013, the Archer Company reported the following information in the equity section of their balance sheet:
Assume that Archer carries out a 2-for-1 stock split. Please prepare a similar equity section showing the effects of the stock split.
Definitions:
Marginal Cost
The supplementary expense arising from creating another unit of a product or service.
Profit-Maximizing
The process or strategy of adjusting production levels, prices, or other variables to generate the highest possible profit.
Total Cost
The sum of all expenditures incurred by a business to produce and sell a product, including fixed and variable costs.
Average Total Costs
The total cost of production divided by the number of units produced, reflecting the average cost per unit of output.
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