On june 30, sharper corporationâs stockholders' equity section of its balance sheet appears as follows before any stock dividend or split.
sharper declares and immediately distributes a 50% stock dividend. common stockâ$10 par value, 120,000 shares authorized, 86,000 shares issued and outstanding $ 860,000 paid-in capital in excess of par value, common stock 380,000 retained earnings 750,000 total stockholdersâ equity $ 1,990,000.

assume that instead of distributing a stock dividend, sharper did a 3-for-1 stock split.

required:

(1) prepare the updated stockholders' equity section after the split.

(2) compute the number of shares outstanding after the split.

Panera bread is a chain of cafes serving sandwiches, soups, and freshly baked breads. the company began in 1981 with stores primarily located along the east coast of the united states. since then, the firm has expanded to over 1,300 locations throughout the united states and canada. the firm has strong earnings and has been designated by business week as a "significant growth company." panera bread executives are considering the idea of expanding globally by opening cafes in asia through a franchising strategy. which of the following, if true, supports the argument that panera bread should expand into asia through franchising? a: the panera bread menu changes rapidly, and each cafe's artisan bread bakers receive regular training on new recipes. b: panera bread executives want fast access to the asian market without a significant investment of capital. c: panera bread executives want to test the asian market with a short-term commitment that allows them to make quick profits. d: the panera bread mission is to make excellent bread available to customers around the world.

Using the exxon data as an example what would be the market capitalization of penny's pickles if each share is selling for $175.35?

Newton industries is considering a project and has developed the following estimates: unit sales = 4,800, price per unit = $67, variable cost per unit = $42, annual fixed costs = $11,900. the depreciation is $14,700 a year and the tax rate is 34 percent. what effect would an increase of $1 in the selling price have on the operating cash flow?