3-for-1 split. After the split, the price of one share was $39.24. What was the pre-split price per share?

Answers

Answer 1
Answer:   $117.72

======================================================

Explanation:

Let's say that the company is valued at $300 just as a simple example.

Also, let's say there are 100 shares each worth $3, so we have 100*3 = 300 as the total value of the company.

A 3-for-1 split means that for each share, it will get turned into 3 shares. So you turn in 1 share and in return you get 3 shares back. Or put another way, each share is ripped/cut into 3 equal pieces.

After doing this split, we would have 3*100 = 300 shares and each share would be now worth (1/3)*3 = 1 dollar. Note the new number of shares multiplied with the new value per share is still the same total valuation of $300. Doing a stock split, or a reverse stock split, will not change the value of the company. This is a good thing or else companies would simply do (reverse) splits all the time to increase their value however large they wanted without actually contributing anything to society.

------------------------

So quite simply, when we do a 3-for-1 split, we multiply the old price per share by 1/3 to get the new price per share.

Let

x = old price per share

y = new price per share

So x happens before the split and y is after the split.

For a 3-to-1 split, we can form this equation

y = (1/3)x

which solves to

x = 3y

when we multiply both sides by 3

We know that y = 39.24, which means,

x = 3y

x = 3*39.24

x = 117.72

The pre-split price per share was $117.72

------------------------

So in short, all we did was multiply the given number (39.24) by 3.


Related Questions

If f(x) = 2x – 4 and g(x) = x 2 – 4x, find each value.

Answers

Answer:

Step-by-step explanation:

First, solve for each function separately:

F(5)=52+4(5)F(5)=25+20⇒F(5)=45

G(6)=2(6)+2G(6)=12+2⇒G(6)=1

Now, let's add our solutions together:

F(5)+G(6)=45+14=59

The value of the function f (x) is 15/2 when x = -5 and is -73/2 when x = 3. What is the equation of the function?

Answers

Answer:

y = -5.5x - 20

Step-by-step explanation:

There are many functions that cross those points.

Assuming you're looking at a straight line.

y = mx + b

15/2 = -5m + b  --> 7.5 = -5m + b

-73/2 = 3m + b  --> -36.5 = 3m + b

Subtract the first from the second.

-44 = 8m

m = -5.5

Plugging back into the first equation, we get b = -20

Answer:

f(x) = −11/2x − 20

Step-by-step explanation:

why cant anyone answer my long math question that has 70 or 60 points on it, come on guys.

Answers

I don’t see it anywhere

Answer:

Math sucks dude.

explanation: math hard

PLS HELP I AM RunNInG LOW ON PONITS AND WONT BE ABLE TP REPOst

Answers

Answer:

The answer would be D.

Step-by-step explanation:

M=6 And Its Y-Intercept, b= -5

Answers

Answer:

y = 6x - 5

Step-by-step explanation:

I don't really understand the question so I just put it into slope intercept form. I hope this helps!

Is there a proportional relationship between x and y? Explain.
х
8
10
12
14
у
5
7
9
11
A.
No, all ratios
are not equivalent.
B. Yes, each x value and y value increases by 2.
C. Yes; the difference between each x value and y value is 3.
D.
No, all ratios
are greater than 1.

Answers

Answer:

B. Yes, each x value and y value increases by 2.

What is the product of (9) (-9) (-1)?

Answers

Answer:

81

Step-by-step explanation:9 times -9 is -81. -81 times -1 is 81, because two negatives cancel each other out

Answer:

81

Step-by-step explanation:

9 × -9 = -81-81 × -1 = 81

I hope this helps!

help pls TNX............

Answers

Answer:

6

Step-by-step explanation:

Plz help!!! WILL CHOOSE BRAINLIEST (unless im not active)

Answers

Answer:

6 minutes 8 balloon animals. 45 minutes 60 balloon animals!

Step-by-step explanation:

I divided 15 by 6 and got 2.5, so I then divided 20 by 2.5 and got 8 balloon animals! For the next one I divided 45 by 15 and got 3 then I multiplied 20 by 3 and got 60 balloon animals! Hope this helps!

Answer:

7.8

58.5

Step-by-step explanation:

You need to find the amount of minutes that your uncle needs to blow up one balloon, which is 1.3 minutes. Now multiply 1.3 and the other numbers in the table to get the answers above.

I hope this helps!

A bag of sweets contains only two different flavours - strawberry and Orange
The probability that a sweet is strawberry flavour is 0.8
What is the probability that a sweet is orange flavour

Answers

0.2 because if the strawberry has a chance of 0.8 then orange must be the rest because there isn’t any other flavors.

Answer: 0,2

Step-by-step explanation:

A woman who is 6ft tall is standing next to a flagpole. The shadow of the woman is 3.5ft and the shadow of the flagpole is 17.5ft. what is the is the height of the flagpole

Answers

Answer:

30 feet tall

Step-by-step explanation:

The woman is 6 feet tall and her shadow is 3.5 feet tall, as is the flagpole's shadow is 17.5 feet tall making the flagpole 30 feet tall.

Equation: 6/3.5 = 1.74 x 17.5 = 30

I hope this helps.

Good luck!

(I rounded the 1.74 to two places)

Answer:60.9ft

Step-by-step explanation: Because i checked google :)

Evaluate the expression

2 − 52 ÷ 5 + 8

Answers

Answer:

32

Step-by-step explanation:

plz follow me say a thanks

follow me on ig dipeshkumar0853822

Answer:

decimal= -0.4

exact form=-2/5

Step-by-step explanation:

Explain why the lines are parallel given the angles shown. Assume that all tile patterns use this basic shape.

Answers

The 3rd one: "Converse of the Same-Side Interior Angles Postulate"

HEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE
EEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEELLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPP


What is the coefficient of the third term in this expression?
–k2n+5mn3–9n3–m3n

Answers

Answer:

27

Step-by-step explanation:

9x3 is 27. Coefficient is the number in the term.

Explain the question and I'll add you as branlist

Answers

Answer:

What question? We need more context

Answer:

The question is a question that is asked by someone who is asking a question, to whom they most likely need an answer to

Step-by-step explanation:

Which ordered pairs are solutions to the inequality y−3x<−4? Select each correct answer.

Answers

Answer:

Okay so what you need to understand first is that this is a line right?

So, ask yourself if you know how to graph this line.

If you do graph it, and because this line has a < less than sign it means you shade down but it also means that any point directly on the line won't be a solution because the line is dashed!

There can be many solutions to this line, but only in the solution area/shaded region. This in on the lower right side of the diagonal line that is crossing from almost 2 x-axis to -4 y- axis on the line!

If you would've shown me the list of ordered pairs I would've been able to select the correct ones.

Answer:

(4,-2) and (5,1)  I took the test

Step-by-step explanation:

Find the angle measures. Justify your responses.

Given: a||b, m∠3=63

Find: m∠6,m∠7

Answers

Answer:

m∠6 = 117°

m∠7 = 63°

Step-by-step explanation:

It's given that a║b and m∠3 = 63°

Since, ∠3 and ∠6 are the consecutive interior angles,

m∠3 + m∠6 = 180°

63° + m∠6 = 180°

m∠6 = 180° - 63°

        = 117°

Since, ∠3 and ∠7 are the corresponding angles,

Therefore, ∠3 ≅ ∠7

m∠7 = m∠3 = 63°

ano-ano ang nais mangyari ni mathilde sa kaniyang buhay?natupad ba nag mga ito?​

Answers

Answer:

can u say in english

Step-by-step explanation:

please

pre ap geometry, please help with number 11.​

Answers

Perimeter is the sum of all three sides so in this case x+(3x+2)+(3x+2).
They also gave us the perimeter which is 39 so
39= x+(3x+2)+(3x+2)
Simplify so 39=7x+4. [x+3x+3x=7x and 2+2=4]
Then get x by itself so subtract 4 from both sides.
35=7x
Then divide both sides by 7 to get x by itself.
Which leaves us with
X=5
The guy above me is correct. I’m pretty sure I ended up with x=5 too.

What is the solution to the linear equation?
2 + p = 7/3 + 30
O p= 1
Op=2
O p = 8
O p = 10

Answers

The equation 2 + p = 7/3 + 30 is a linear equation, the solution to the linear equation is p = 91/3

How to determine the solution to the equation?

The equation is given as:

2 + p = 7/3 + 30

Subtract 2 from both sides

p = 7/3 + 30 - 2

Evaluate the difference

p = 7/3 + 28

Evaluate the sum

[tex]p = \frac{7 + 28 * 3}3[/tex]

Evaluate the sum

p = 91/3

Hence, the solution to the linear equation is p = 91/3

None of the options is correct

Read more about linear equations at:

https://brainly.com/question/14323743

#SPJ5

PLEASE HELP ME!!!! BRAINLEST FOR ANYONE WHO HELPS
Which situation presents an example of a proportional function?
A. A game rental company charges $3.50 per game.
B. An art studio charges a registration fee of $25, plus a monthly fee of $40.
C. The temperature in the morning was 56 degrees and it increased by 2 degrees every hour.
D. A pizza parlor charges $5 for a small cheese pizza, plus $2 for each additional topping.

Answers

Answer:

The answer is A

Step-by-step explanation:

A proportional function is a function where the output = constant x input

Let's make each of these situations into an equation

A) y = 3.5x

B) y = 40x + 25

C) y = 2x + 56

D) y = 2x + 5

because A is the only one that follows the output = constant x input rule it is the example of a proportional function

is the following relationship non-proportional? or proportional? (please give me an explanation!!)​

Answers

No because proportional relationships are two variables where the ratios are equivalent. For example (3,2) (6,4) and (9,6). Also one variable is always a constant value times the other called “constant of proportionality”

If I’m wrong I’m so sry

Is this right ? Can someone tell me pls

Answers

Answer:

yeah i think so

Step-by-step explanation:

(-1, -10) and (5, 2)
find the slope and find the y intercept

Answers

Slope: 2 and the Y-Intercept is (0,-8)

Say you are filing as a single taxpayer. You have a gross income of $61,026 and claim two exemptions. You can make a deduction of $2,871 for interest on your mortgage, a deduction of $2,376 for property tax, an adjustment of $3,206 for business losses, an adjustment of $2,575 for contributions to your retirement plan, a deduction of $2,682 for medical expenses, and an adjustment of $2,440 for business expenses. If exemptions are each worth $3,650 and the standard deduction is $5,700, what is your total taxable income?
a.
$39,805
b.
$35,526
c.
$37,576
d.
$43,276

Answers

Answer:

C

Step-by-step explanation:

took test

Solve the equation. If necessary

[tex] \frac{3}{4}x + 2x = - \frac{1}{4} + \frac{1}{2}x + 5[/tex]

Answers

Answer:

Exact form: x=19/9

decimal form: x=2.1r

Mixed number form: x=2 1/9

Step-by-step explanation:

Isolate the variable by dividing each side by factors that don't contain the variable.

Answer:

x = [tex]\frac{19}{9}[/tex]

Step-by-step explanation:

First, make all the different parts into fractions with a common denominator, so that you can add and subtract them easily. In this case, the common denominator is four.

Doing this, you get  [tex]\frac{3}{4} x + \frac{8}{4} x = -\frac{1}{4} + \frac{2}{4} x + \frac{20}{4}[/tex]

Isolate all the variables to get [tex]\frac{3}{4} x + \frac{8}{4} x - \frac{2}{4} x = -\frac{1}{4} +\frac{20}{4}[/tex]

Then, combine like terms [tex]\frac{9}{4} x = \frac{19}{4}[/tex]

Multiply both sides by 4 to get 9x=19

Divide both sides by 9, and you get [tex]x= \frac{19}{9}[/tex]

Hope this helps! :)

April purchased 20 3/8 lb of potatoes for a picnic. The potatoes cost $2.95/lb. What was the total cost of the potatoes?


help

Answers

Answer:

$55.25

Step-by-step explanation:

20 3/8=163     163 divided by $2.95= $55.25

RIDDLE
I am something people love or hate. I change peoples appearances and thoughts. If a person takes care of them self I will go up even higher. To some people I will fool them. To others I am a mystery. Some people might want to try and hide me but I will show. No matter how hard people try I will Never go down. What am I?

Answers

Answer:

self esteem ! I'm not sure

Answer:

OLD AGE

Step-by-step explanation:

LOL HAHAHHAAHA!!

sherry has 1/4 as many crayons as marie . marie has 32 crayons how many crayons does sherry have

Answers

Answer:

8 crayons

Step-by-step explanation:

1/4= 25%

25% of 32 =8

in other words-32/4=8

Answer:

8

Step-by-step explanation:

Sherry has 8 crayons because 8 is 1/4 of 32. A way to figure this out is to divide 32 by 4 which will give you the answer 8.

I need to fill out the blanks

Answers

Answer:

1. 14x and 7 and 9x and 3

2. 0x

3. 4

Step-by-step explanation:

Step 1: Distribute

First, multiply 7 by 2x and 1 to get 14x and 7. Then multiply -3 by 3x and 1 to get -9x and -1

Step 2: Combine like variable terms

Combine 14x, -5x, and -9x, to get 0x.

Step 3: Combine like constant terms

Combine 7 and -3, to get 4.

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