Payton’s Pizza has a share price of $40 and there are 2,000 shares outstanding. What is the market cap of Payton’s Pizza?

Question

Payton’s Pizza has a share price of $40 and there are 2,000 shares outstanding. What is the market cap of Payton’s Pizza?

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Savannah 3 weeks 2021-09-28T07:40:02+00:00 2 Answers 0

Answers ( )

    0
    2021-09-28T07:41:16+00:00

    Answer: $80,000

    Step-by-step explanation:

    Current market price per share = $40

    Toral number of shares outstanding = 2000

    Market capitalization = Current market price per share × total number of outstanding shares)

    Market cap of payton’s pizza $40 × 2000 = $80,000

    0
    2021-09-28T07:41:24+00:00

    Answer:

    80,000

    Step-by-step explanation:

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