Correct (reconciled) ending balance of Cash: $17,300
Amount of the omitted check: $690
Adjustment needed to obtain the correct ending balance of the Allowance for Doubtful Accounts: $755 - $850 = -$95
Depreciation expense for the truck used during year 2021: $43,000 - $12,400 / 4 = $9,600
Depreciation expense for the two items of equipment used during year 2021: ($29,200 - $3,000) / 8 + ($22,400 - $3,600) / 5 = $3,650 + $3,600 = $7,250
The adjusted 2021 ending balances of the Extermination Services Revenue and Unearned Services Revenue accounts: $82,000 - $15,900 = $66,100 and $15,900
The adjusted 2021 ending balances of the Warranty Expense and the Estimated Warranty Liability accounts: $71,400 * 2.5% = $1,785 and $1,950 - $1,785 = $165
The adjusted 2021 ending balances of the Interest Expense and the Interest Payable accounts: $26,000 * 8% / 12 = $320 and $320
Adjusted Trial Balance
Debit Credit
Cash $ 17,300
Accounts receivable 20,570
Allowance for doubtful accounts $ -95
Merchandise inventory 13,900
Trucks 43,000
Accumulated depreciation—Trucks $ 9,600
Equipment 51,600
Accumulated depreciation—Equipment 21,320
Accounts payable 5,550
Estimated warranty liability 165
Unearned services revenue 15,900
Interest payable 320
Long-term notes payable 26,000
Common stock 21,000
Retained earnings 77,435
Dividends 21,000
Extermination services revenue 66,100
Interest revenue 894
Sales (of merchandise) 93,826
Cost of goods sold 49,600
Depreciation expense—Trucks $ 9,600
Depreciation expense—Equipment 7,250
Wages expense 46,000
Interest expense 320
Rent expense 20,000
Bad debts expense 690
Miscellaneous expense 1,296
Repairs expense 13,500
Utilities expense 9,000
Warranty expense 1,785
Totals $ 345,636 $ 345,636
the top four firms in the industry have 10 percent, 8 percent, 8 percent, and 6 percent of the market. the four-firm concentration ratio of this market is:
The four-firm concentration ratio of this market is 32 because 10+8+8+6 = 32.
The market share of the top four companies is measured by something called the four-firm concentration ratio (CR4). The industry is more concentrated the higher the percentage of concentration. If a market's CR4 is more than 50%, it is typically regarded as extremely concentrated. The output (sales) of the four largest firms in an industry as a share of overall industry sales is known as the four-firm concentration ratio.
The sum of the top four firms is represented by the four-firm concentration ratio. It is the concentration ratio that is most frequently employed. If the ratio is close to 0, perfect competition is evident. If the ratio is 100%, a monopoly situation is indicated.
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confirmations of accounts receivable provide the most evidence for which of the following assertions? a. completeness. b. existence. c. rights and obligations. d. valuation or allocation.
The correct option is B. Existence, Confirmations of accounts receivable are primarily used to support claims of existence.
Confirmations of accounts receivable are primarily used to support claims of existence. The management asserts that the accounts receivable listed on the balance sheet are actual, which is known as the existence assertion. The assumption is that an account receivable exists if a customer willfully acknowledges owing money to your business. The management asserts that the accounts receivable listed on the balance sheet are actual, which is known as the existence assertion. The assumption is that an account receivable exists if a customer willfully acknowledges owing money to your business.
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john wants to buy a property for $126,250 and wants an 80 percent loan for $101,000. a lender indicates that a fully amortizing loan can be obtained for 30 years (360 months) at 5 percent interest; however, a loan fee of $5,200 will also be necessary for john to obtain the loan. required: a. how much will the lender actually disburse? b. what is the apr for the borrower, assuming that the mortgage is paid off after 30 years (full term)? c. if john pays off the loan after five years, what is the effective interest rate? d. assume the lender also imposes a prepayment penalty of 2 percent of the outstanding loan balance if the loan is repaid within eight years of closing. if john repays the loan after five years with the prepayment penalty, what is the effective interest rate?
In John's particular scenario, the lender really disburses $80,500.
What is a loan?A loan occurs when one or more individuals, businesses, or other entities lend money to additional individuals, businesses, or other entities.
Receiving party, or borrower, incurs debt and is frequently liable for both principal borrowed and interest payments on the debt until it is repaid.
The promissory note used to prove the obligation will typically include information like the principal amount borrowed, the interest rate the lender is charging, and the due date for repayment.
When a loan is made, the subject asset(s) are temporarily reallocated between the lender and the borrower.
So, in the situation of John:
Property if of $105,000.
Loan for 80% at 84,000.
The loan time period is of 30 years which is 360 months.
The interest rate is 8%.
The origination fees of the loan are $3,500.
The lender actually disburses:
84,000 - 3,500
$80,500
Therefore, in John's particular scenario, the lender really disburses $80,500.
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Correct question:
John wants to buy a property for $105,000 and wants an 80 percent loan for $84,000. A lender indicates that a fully amortizing loan can be obtained for 30 years (360 months) at 8 percent interest; however, a loan origination fee of $3,500 will also be necessary for John to obtain the loan. How much will the lender actually disburse?
Which of the following is not a financial institution? (A. Pension fund B. A newspaper publisher C. A commercial bank D. An insurance company)
A financial institution is not an insurance firm.
Which financial institutions do you mean?A place that fulfills and facilitates cash payments, such as loan, mortgages, and deposits, is often referred to as a financial institution. Consumers may manage their finances and establish a solid foundation with financial institutions.
What kind of financial institution is the most typical?Because they provide the most financial services, banks are the most prevalent financial institution. Banks provide a wide range of services, including checking and savings accounts, auto, student, and house loans, financial advice, ATMs, direct deposit, and currency swaps.
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adjustment analysts add cash expenses to net income b. subtract depreciation from operating revenues c. add noncash charges to net income d. subtract cash expenses from noncash charges
The cash flow statement along with other costs like amortisation and depletion. The earnings of a company after costs are deducted are shown as adjusted net cash flow or adjusted net income.
It net cash displays the earnings before interest, depreciation, and taxes in accounting terms, but it also takes into account additions or subtractions for things like the owner's compensation and optional, one-time, and noncash expenses. Depreciation is a type of "non-cash expense" because it is merely a statement cost for a fixed asset that declines over time to correspond with the condition or life of the asset, frequently as a result of wear and tear.
(The given que is incomplete I answered this ques in general according to my knowleadge)
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apple and sony decide to form another company to develop new home theater systems. both companies own 50 percent of the new company. this is an example of a .
Both companies own 50 percent of the new company. This is an example of a 50-50 Joint Venture or general partnership.
A joint venture is a collaboration between two or more parties that aims to grow one business or project for profit while splitting the associated risks. A minimum of two natural people or legal organisations must be included among the joint venture's participants. The term "joint venture" refers to a corporate company formed by two or more partners that is typically distinguished by shared ownership, rewards and risks, and governance. Joint ventures are frequently pursued by companies for one of four reasons: to gain access to a new market, particularly an emerging market; to achieve scale efficiencies by combining assets and operations; to share risk for major investments or projects; or to gain access to skills and capabilities. The argument that joint ventures reduce downside risk was refuted in work by Reuer and Leiblein.
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ohlson co owns equipment for which it paid $90 million atht the end of 2024, it had accumulated depreciation on the equipment of 27 million. due to adverse economic conditions, ohlsons management determined that it should assess whetheer an impairment loss should be recognuized for the equipment. the estimated undiscounted future cash flows to be provided by the equipment total 60 million, and the equipments fair value at that point is 40 million. under these circumstances, ohlson co would report:
ohlson co would report a $23 million impairment loss on the equipment.
What Is Accumulated Depreciation?The depreciation of an asset up to one point in its life is referred to as accumulated depreciation. Since accumulated depreciation is a counter asset account, its natural equilibrium is a credit that lowers the asset's total value. General accepted accounting principles (GAAP) require that expenses be matched to the same accounting period in which the relevant revenue is generated. This is known as the matching principle. A business will depreciate a portion of a capital asset's value over the course of each year of its useful life. This implies that the expense related to using up an asset that has been capitalized is reported every year the asset is put to use and generates income. The total amount an asset has been depreciated up to a specific point is known as accumulated depreciation.
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If a consumer DOES NOT have any collection accounts, does that have a negative impact on their credit score?
a. Yes
b. No
If a consumer DOES NOT have any collection accounts, yes the credit scores are being provided a negative impact on credit score. Hence, option A is appropriate.
What is the meaning of credit score?A credit score is a 3 figure that ranges from 300 to 850 and is used to determine your credit risk, but rather how likely you are to make on-time payments on your debts. Your credit scores are one factor that creditors and lenders take into account when determining whether to authorize you for only a new account.
Credit ratings between 300 and 579 are categorized as extremely bad, fair, good, very good, as well as excellent. Credit scores between 669 and 850 are categorized as excellent.
Hence, option A is correct.
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industrial design is designing products that can be mass-produced for everyday use. which designer started as a fashion illustrator before focusing on industrial design?
The designer, Raymond Loewy, first worked as a fashion illustrator before concentrating on industrial design.
American industrial designer Raymond Loewy, who was of French descent, rose to prominence for the breadth of his design work in a number of different industries. On October 31, 1949, Time magazine put him on the cover in recognition of this. Raymond Loewy turned his talent toward industrial design after a brief but promising career as a fashion artist. Loewy's impact on the business was instantaneous, and his creative genius was instinctive. Industrial designers provide the concepts for manufactured goods including toys, gadgets for the house, and automobiles. They blend engineering, business, and the arts to create things that people use on a daily basis. An industrial design, in a legal sense, represents the decorative component of a product. An industrial design may include two-dimensional elements like patterns, lines, or colors, as well as three-dimensional elements like the geometry of an object.
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Which of the following is a factor that resulted in the establishment of the European Union (EU)? A. The spectacular success of the North American Free Trade Agreement (NAFTA) B. The trade impasse following the oil crisis in the 1970s that occurred due to collusion among oil producing nations C. The devastation of Western Europe during two world wars and the desire for a lasting peace D. The emergence of Japan as an economic and industrial superpower despite the nuclear holocaust E. The rise of communism in Europe
C. The devastation of Western Europe during two world wars and the desire for a lasting peace is the factor that resulted in the establishment of the European Union (EU).
Establishment of the European Union (EU)The European Union (EU), an organisation of European nations, was established in 1993 to manage their political and economic fusion. It was established by the Maastricht Treaty and ratified by each of the EC's members, from which the EU emerged. A framework for coordinated member country action in security and foreign policy as well as for cooperation in policing and justice issues was provided by the successful EC, which had made its members more receptive to increased integration.
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you buy an 8% coupon, 10-year-maturity bond for $980. a year later, the bond price is $1,200. (assume a face value of $1,000 and annual coupon payments.) what is the new yield to maturity on the bond? note: do not round intermediate calculations. enter your answer as a percent rounded to 2 decimal places. what is your rate of return over the year? note: do not round intermediate calculations. enter your answer as a percent rounded to 2 decimal places.
You pay $980 for a bond with a 10-year maturity and an 8% coupon. The price of the bond is $1,200 a year later. The bond's new yield to maturity is 5.16%.
How Do Bonds Operate?Bonds are a type of asset that governments and companies sell to investors to raise capital. As a result, purchasing bonds is a way to obtain credit from the seller. Bond purchases are viewed from the perspective of the buyer as investments since they give them the right to guaranteed principal repayment as well as a stream of interest payments. Some bonds can have further benefits, such as the chance to convert them into stock in the corporation that issued them.
Bond prices frequently vary inversely with interest rates because bonds are priced lower when interest rates are rising and higher when they are falling.
Bond's Current price = $980
FV = $1000
Coupon rate = 8%
Tenure = 10 maturity
After a year, price of bond = $1,200
Remaining life = 9 years (10-1)
New yield rate = [Coupon rate + (Maturity value - Current price) / Useful life] / [0.6 X Current price + 0.4 X Maturity value]
New yield rate = [$1,000 X 8% + ($1,000 - $1,200) / 9] / [0.6 X $1,200 + 0.4 X $1,000]
New yield rate = [tex]\frac{57.78}{1,120}[/tex]
New yield rate = 0.0515893
New yield rate = 5.16%
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The short-run quantity of output supplied by firms will fall below the natural level of output when the actual price level falls below the price level that people expected.
When the actual price level is lower than what people expected, firms may decide to reduce the quantity of output supplied in the short-run. This is because a lower price level can lead to lower profits for firms, which can lead to a decrease in their production output.
Impact of Lower Price Levels on Short-Run Output of FirmsWhen the actual price level is lower than expected, firms may have to reduce their output in the short-run in order to stay profitable. This is because a lower price level will lead to lower revenues for firms, meaning that their profits will decrease. This may lead to firms reducing their output in order to save costs and remain competitive. Furthermore, if the lower price level is expected to be short-term, firms may decide to temporarily reduce their output in order to conserve resources and wait until prices rise again.
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according to the put-call parity theorem, the value of a european put option on a nondividend paying stock is equal to
The value of a european put option on a stock that doesn't pay dividends is determined by the put-call parity theorem, and it equals the call value plus the present value of the exercise price plus the stock price.
Shares of publicly traded corporations can be bought and sold on a number of exchanges together referred to as the stock market. Such financial transactions are made through official exchanges and over-the-counter (OTC) markets that follow a set of rules.
The terms "stock market" and "stock exchange" are frequently used synonymously. On one or more of the stock exchanges that make up the broader stock market, traders can buy and sell shares of stock.
Securities buyers and sellers can engage, meet, and deal on the stock market. Share prices can be discovered on the markets, which also act as a gauge for the state of the economy. A fair pricing and high level of liquidity are guaranteed for both buyers and sellers.
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if the cpi increases from 110 to 125 for one year, the rate of inflation for that year is
If the cpi increases from 110 to 125 for one year. The rate of inflation for that year is 13.6 %.
CPI, on the other hand, refers to changes in the price level of a market of goods and services. We use the CPI's current and historical values.
It is given that present value of CPI (2) is 125 and past value CPI (1) is 110.
To calculate the rate of inflation we use the formula,
Inflation rate =(( CPI (2) - CPI (1)) / (CPI (1) ) * 100
= (( 125 - 110 ) / 110) x 100
= (15/110) * 100
= (0.136) * 100
= 13.6 %
In the discipline of economics, inflation refers to an increase in the overall cost of goods and services in a country. Each unit of currency can purchase fewer items and services as the overall level of prices rises, so inflation is described by a decline in the purchasing power of money.
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Why is it more useful to look at the percent change of a stock price, rather than the change in dollar amount?
The reason for this is that you frequently want to know how well a specific stock investment would perform in comparison to alternatives, thus the relative change is more helpful to consider than the absolute dollar per share difference.
Shares are fractional ownership interests in a corporation. For some businesses, shares are a type of financial instrument that allows for the equitable distribution of any declared residual profits in the form of dividends. A stock with no dividend payments does not distribute its income to its shareholders.
On stock exchanges, both individual and institutional investors come together to purchase and sell shares in a public setting.
These are the main stock types that you need to be aware of.
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the rights, or interests, that an individual has in a particular piece of property are referred to as...?
The phrase "Bundle of Rights" describes a person's interests in a specific piece of property.
In line with a certain legal framework, social norm, or ethical philosophy, rights are the fundamental normative principles that define what people are permitted to do or are entitled to. Therefore, rights are moral, social, Rights or legal entitlements or principles of freedom. [1] Rights are extremely important in areas like law and ethics, especially in concepts of justice and deontology.
Any civilization must recognize the necessity of rights, and throughout history, attempts to clarify and reinterpret them have frequently accompanied societal conflicts. Rights "influence the shape of morality as it is currently viewed, the form of governments, and the content of laws," according to the Stanford Encyclopedia of Philosophy.
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if you have three choices and with each choice these costs are different, what type of costs are they?
If we have three choices and with each choice these costs are different, their type of costs is Relevant. The correct answer is option A.
What is relevant cost?In managerial accounting, relevant cost is a term which describes avoidable costs that are incurred only when making specific business decisions. The concept of relevant cost is used to eliminate unnecessary data that could complicate the decision-making process.
For example, a company decides to buy loading machinery for a factory unit. This machine can save the wage expenses of 20 manual laborers. These costs are relevant since these expenses change in the future due to the buying decision.
Although part of your question is missing, you might be referring to this full question: If you have three choices and with each choice these costs are different, what type of costs are they?
A. Relevant
B. Irrelevant
C. Overhead
D. Sunk
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assume that downing, inc. has $200,000 of sales, $150,000 of cost of goods sold, $60,000 of interest income, and $40,000 of dividends. what is downing, inc.'s excess net passive income?
Downing, Inc.'s excess net passive income is $172,000
How to calculate the net passive income?
In economics, Net passive income is calculated as passive investment income reduced by the allowable deductions that are directly connected with the production of that income.
Here we need to find the downing, inc.'s excess net passive income.
While we looking into the given question, we know that the following details,
Sales = $200,000
Goods sold = $150,000
Interest = $60,000
Dividends = $40,000
Then the net passive income is calculated as,
=> (200000 + 150000 + 60000) - 40000
=> 172,000
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the maturity value of a $225,600, 6%, 40-day note receivable dated july 3 is (assume a 360-day year.) a.$231,616 b.$239,136 c.$227,104 d.$225,600
The maturity value of a $225,600, 6%, 40-day note receivable dated July 3 is (assume a 360-day year) is $239,136.
What do receivables notes mean?A note receivable is an asset account associated with an underlying promissory note that specifies in writing the terms of payment for a transaction between a "payee" (often a business, but also also referred to as a creditor) and the "maker" of the note (usually a customer or employee, and sometimes called a debtor).
What sort of note would this be?If a business borrows $100,000 from its bank and signs a promissory note requiring 6% interest to be paid quarterly and the principal in 9 months, the bank will debit its current asset account Notes Receivable and credit Cash or Customers' Deposits for the $100,000 principal.
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Which of the following are true or false?
a) Capital formation means the increase in the stock of real capital in a country b) Saving is not essential for capital formation
a) Capital formation means the increase in the stock of real capital in a country - True b) Saving is not essential for capital formation - False
Capital formation refers to raising capital through increased savings, investments in assets and savings, and financial transactions that raise the stock of money. It includes three stages of formation: the creation of savings, effective mobilization of savings and investment in savings. Thus, it means an increase in the stock of real capital in a country.
Savings are crucial for capital formation because they encourage investment in the economy, which boosts capital formation further. More investment in the economy results from more savings, and investment also accelerates the rate of capital production. Due to rising savings, exports are also thriving. Savings are essential for capital formation in an economy, hence the aforementioned statement is accurate.
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cheyene industries's fixed costs are $900,000 and the variable costs are 75% of the unit selling price. what is the break-even point in dollars?
If Cheyene industries fixed costs are $900,000 and the variable costs are 75% of the unit selling price, then the break-even point in dollars is 3,600,000$.
What do fixed and variable costs mean?Depending on how much is produced, variable costs change. Labor, commissions, and raw materials are examples of variable expenses. Regardless of production output, fixed costs stay the same. Payments for insurance, rent or lease, and interest are examples of fixed costs.
What is another name for fixed costs?In accounting and economics, expenses for a firm are referred to as "fixed costs," often known as "indirect costs" or "overhead costs" since they are independent of the volume of goods or services the business produces.
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anita established a corporation in nebraska, but she recently moved to colorado where she now conducts her business. what type of corporation does anita own?
The corporation that Anita owns is a Foreign corporation.
A corporation is a business entity that is owned by its shareholders who oversee the organization's activities. A foreign corporation is a business registered in a foreign country rather than the owner's home country.
In this case, it is that Anita moved to Colorado, which means she is not a native, so means in order to start her business she will have to go through many specific rules and regulations. Failure to follow them will lead to penalties, and fines or she may have to shut down and leave.
The nature of the corporation (foreign or domestic) will impact several aspects like the requirement to be registered as a foreign corporation in the place of business: a foreign corporation must file a notice of doing business in any state in which it does substantial business.
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in a customer service scenario, what is your first verbal response to a dissatisfied customer?
Begin by apologizing for any inconvenience caused. I can see why you're upset. Then respond with an "S," which stands for sympathy and empathy. Pretend you're the one having the issue.
What should you say to a dissatisfied customer right away?
Acknowledge their distress The customer's first request is for you to acknowledge that something has upset them. "I can see you're upset, and I'm so sorry" is one way to acknowledge their feelings without taking responsibility.
The first thing you should do when dealing with a irate customer is
An angry customer wants to express their feelings first. They require a listener to accomplish this, and you are that person, for better or worse. As long as the customer feels that their complaint is taken seriously, listening patiently can help defuse the situation. Take them all in.
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true or false: the most important step in conducting good search engine advertising is to select which searches to target for ad exposure.
The statement that the most important step in conducting good search engine advertising is to select which searches to target for ad exposure is to target for ad exposure is true.
What is advertising?Advertising can be described as a way of marketing the business or the product so that the order to increase sales or make your audience aware of your products or services.
It should be noted that this help the customer to deals with you directly and actually buys your products or services, however the advertising can improve their first impressions of your business hence the statement is true.
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When a country that imports a particular good imposes an import quota on that good,
A. consumer surplus increases and total surplus increases in the market for that good.
B. consumer surplus increases and total surplus decreases in the market for that good.
C. consumer surplus decreases and total surplus decreases in the market for that good.
D. consumer surplus decreases and total surplus increases in the market for that good.
When a country that imports a particular good imposes an import quota on that good, then, the consumer surplus decreases and total surplus decreases in the market for that good. The Option D is correct.
What is an import quota?In economics, an import quota means a kind of trade restriction that sets a physical limit on the quantity of a good that can be imported into a country in a given period of time. Quotas, jut like other trade restrictions are typically used to benefit the producers of a good in that economy (protectionism).
In most economies, the main objective of an import quota to protect the domestic market from foreign goods by limiting importing goods from the overseas market.
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what classifications of its customers may serve its business goals? what ethical issues may arise from these applications?
A business may divide the market depending on various business lines, such as software, professional services, and training.
What are the top three categories for customers?As follows:
Your existing clients. Because they have already committed to you, these are the most significant customers. Lost Customers. These are the customers who are presently using the goods and services of your rivals.
What two types of clients are there?Customers who are loyal are those who, although being a small fraction of the customer base, account for a sizable portion of sales. Impulse buyers: People who buy things on the spur of the moment without having their eyes set on a certain item.
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what are 3 types of resources? natural, financial, human tangible, services, ideas marketing, finance, management none of the above
Typically, business resources that give a competitive advantage can be divided into three: financial resources, enterprise knowledge (ideas), and workforce (human resources). Therefore, the correct answer is D.
Business resources are any factor that is necessary to accomplish a business' goal or to carry out an activity. They are the key components that are needed by a business to do its things.
Usually, business resources are categorized into two types: tangible and intangible resources. Tangible resources are resources that exist physically, like commodities, property, and working space. Intangible resources are the ones that doesn't physically exists, such as ideas, knowledge, and finance.
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robert invested some money at 8% interest. at end of the year, the total amount of his original principal and the interest was 7560. how much did he originally invest?
As per the given interest, the originally invested amount is $7,000
What is meant by investment?
In accounting, investment is referred as an asset that is acquired with the anticipation of generating an income or profit or price appreciation.
Here we have the details about Robert invested some money at 8% interest. at end of the year, the total amount of his original principal and the interest was 7560.
And we need to find how much did he originally invest.
While we looking into the given question, we have identified the following values,
Accumulated amount = 7560
Interest = 8%
Let us consider a be the original amount.
Then the value of x is calculated as,
108% of a = 7560
a = 7560/108 = 70
Then 100% = 70 * 100 = 7000
Therefore, the amount originally invested is 7000.
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how many local television stations is it possible to own as one company in a market like tampa/st.pete?
As long as the collection of stations together reaches no more than 39% of all U.S. TV households, there is no nationwide limit on the number of stations one corporation may control.
A television program produced by a television station or independent television producer for broadcast only inside the station's transmission area or television market is referred to as a local program, local programming, local content, or local television. regarding the FCC. In all 50 states, the District of Columbia, and U.S. territories, the Federal Communications Commission governs interstate and international radio, television, wire, satellite, and cable communications.
If one of the following conditions holds true, an organization may own up to two television stations in the same Designated Market Area (DMA): The service regions of the stations, often referred to as the digital noise limited service contour, do not overlap. The latest recent statistics indicates that in 2022, 55.2 percent of non-satellite TV stations in the United States reported making a profit, while 4.4 percent reported a deficit.
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if a company has 1,000 shares issued and outstanding, a share price of $10, and new profit of $2,000, what will the new share price be?
The company's new Share price will be $5.
A share price is the price of a company share. The price of a share is not fixed but fluctuates according to market conditions.
Given,
Number of shares outstanding = 1000
Share price = $10
so, total number of shares = 1000 *10 = 10000 shares.
Also given,
Profit = $2000
So, the new share price can be calculated as:
New share price = Total number of shares / Profit
New share price = 10000/2000 = $5.
So, we can conclude that if a company has 1000 shares for a $10 share price, its new share price will be $5.
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