VIOLETS Company purchased 5,000 shares of POPPY Company par ₱100 at ₱120 in March 2020 VIOLETS received a share dividend of 1 share for every 5 owned on August 30, 2020. On September 15, 2020, the firm received a cash dividend of ₱10 per share. On October 1, 2020, VIOLETS was granted the right to purchase 1 share at ₱105 for every 4 rights held. The share had a market value of ₱115 and the right had a value of ₱5 on the date the rights were received. On December 15, 2020, the company sold 2,000 rights at ₱7.50 and exercised the remaining rights. What is the average unit cost of the total investment as of December 31, 2020
VIOLETS Company purchased 5,000 shares of POPPY Company par ₱100 at ₱120 in March 2020 VIOLETS received a share dividend of 1 share for every 5 owned on August 30, 2020. On September 15, 2020, the firm received a cash dividend of ₱10 per share. On October 1, 2020, VIOLETS was granted the right to purchase 1 share at ₱105 for every 4 rights held. The share had a market value of ₱115 and the right had a value of ₱5 on the date the rights were received. On December 15, 2020, the company sold 2,000 rights at ₱7.50 and exercised the remaining rights. What is the average unit cost of the total investment as of December 31, 2020
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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VIOLETS Company purchased 5,000 shares of POPPY Company par ₱100 at ₱120 in March 2020 VIOLETS received a share dividend of 1 share for every 5 owned on August 30, 2020. On September 15, 2020, the firm received a cash dividend of ₱10 per share. On October 1, 2020, VIOLETS was granted the right to purchase 1 share at ₱105 for every 4 rights held. The share had a market value of ₱115 and the right had a value of ₱5 on the date the rights were received. On December 15, 2020, the company sold 2,000 rights at ₱7.50 and exercised the remaining rights. What is the average unit cost of the total investment as of December 31, 2020?
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