Atomic, inc. had 10,000 shares of $1 par value common stock outstanding prior to a 2-for-1 stock split. as a result of the stock split (check all that apply.) 20,000 shares are outstanding with a $0.50 par value the number of shares authorized is halved the journal entry includes a debit to common stock for $10,000 the common stock balance doubles 5,000 shares are outstanding with a $2 par value

You hear your supervisor tell another supervisor that a fire drill will take place later today when the fire alarm sounds that afternoon you should

Sauer food company has decided to buy a new computer system with an expected life of three years. the cost is $440,000. the company can borrow $440,000 for three years at 14 percent annual interest or for one year at 12 percent annual interest. assume interest is paid in full at the end of each year. a. how much would sauer food company save in interest over the three-year life of the computer system if the one-year loan is utilized and the loan is rolled over (reborrowed) each year at the same 12 percent rate? compare this to the 14 percent three-year loan.

What impact might an economic downturn have on a borrower’s fixed-rate mortgage? a. it might cause a borrower’s payments to go up. b. it might cause a borrower’s payments to go down. c. it has no impact because a fixed-rate mortgage cannot change. d. it has no impact because the economy does not affect interest rates.