Audrey’s Restaurant Corporation wholesales ovens and ranges to restaurants throughout the Northwest. Audrey’s Restaurant Corporation, which had 45,000 shares of common stock outstanding, declared a 3-for-1 stock split (2 additional shares for each share issued). a.  What will be the number of shares outstanding after the split? fill in the blank 1 shares b.  If the common stock had a market price of $108 per share before the stock split, what would be an approximate market price per share after the split? $fill in the blank 2 per share

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A: Number of shares outstanding after the split=Common stock outstanding×Split Ratio Approximate market…

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A: Market price per share after split = Total market value before stock split x 1/ split ratio

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A:

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A: a) Given that the number of common stock outstanding = 50,000 Declared stock split = 6 for 1 i.e 6…

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Consolidation

Consolidation in general examination implies an asset oscillating between well-defined methods of trading status. Consolidation is commonly known as market indecisiveness, which completes when the asset's values move forward or backward the trading structure.