anther Inc common stock is selling for $58.77 per share. The company pays a constant annual ividend and has a total return of 8.20 percent. What is the amount of the dividend?
Q: Cheyenne Inc. presented the following data. Net income $2,540,000 Preferred stock: 53,000 shares out...
A: Solution: Earning per share is a ratio to compute earning per share for common stockholders earned d...
Q: Prince Corporation holds 75 percent of the common stock of Sword Distributors Inc., purchased on Dec...
A: Journal entry refer to recording of transactions into the day book of the company and it is vital st...
Q: Mavic Enterprises Post-Closing Trial Balance Dec. 31, 20X1 (in Philippine Peso) TITLE Dr Cr Petty Ca...
A: Statement of Financial position (Report Form) Assets Amount (P) Current assets Petty...
Q: ly. Thank you :)
A: In this question, we have to calculate the interest income of the third year of the contract.
Q: iability and Equity Classification Select from the option list provided the appropriate balance ...
A: Liabilities are accumulated financial obligations that result from past events that are expected to ...
Q: Yuanne Sipp and Letitia Grimes share partnership income on a 3:2 basis. They have capital balances o...
A: Total capital of existing partnership after admission of Tammy tuck = 550,000 + 284,000 + 240,000 = ...
Q: 2020 2019 2018 $,000 $,000 $,000 EBIT -741,819 734,312 1,038,864 Depreciation 606,975 485,625 467,...
A: The free cash flow calculation determines how much cash a corporation generates after paying its ope...
Q: ABC Company was incorporated on January 1,2021. The following are the ordinary share transactions du...
A: No. of shares outstanding = Total no. of shares issued - number of shares reacquired but not retired
Q: Catalina Corporation begins the year with a $195 balance in Retained Earnings and a $320 alance in C...
A: Stockholder equity includes number of outstanding shares ,retained earning and additional common sto...
Q: Arnina established a service business to be known as Arnina Photography on July 1, 2021. During the ...
A: Your journal entries may not be seen if you use accounting software or outsource your accounting, bu...
Q: The following stockholders’ equity accounts, arranged alphabetically, are in the ledger of Bonita Co...
A: Stockholders' equity: Stockholders' equity means the net assets available to shareholders after dedu...
Q: How does peer to peer lending is different from traditional banking lending for Credit Mutuel Group?
A: Peer-to-peer lending is a type of crowd-funding that allows those who wish to invest to lend money t...
Q: Compute the unrealized gains or losses. Unrealized 2$ Prepare the adjusting entry for Larkspur on De...
A: Solution:- Given, Larkspur Company has the securities in its investment portfolio on December 31, 20...
Q: 13,655 units/year and
A: Given as, Batch Size (Q) = 795 units Production rate = P = 13,655 units / year
Q: Catalina Corporation begins the year with a $195 balance in Retained Earnings and a $320 balance in ...
A: Stockholders' equity is also known as the company's book value, and this is derived from two primary...
Q: Novi purchased ABC bonds on 1/1/22 Data regarding these available-for-sale securities follow Cost MV...
A: The Fair Value Adjustment account represents the difference between cost and market value of availab...
Q: COMPARITIVE INCOME STATEMENT for years ended 31 December 2019 2020 Revenues and gains *Sales revenue...
A: Functions in excel are of great importance as it minimizes the required efforts which are to be put ...
Q: On November 27, the board of directors of Marin Company declared a $0.40 per share dividend. The div...
A: Journal Entry: Journal entry is the act of keeping records of transactions in an accounting journal....
Q: 21. Parent company acquired 15% of subsidiary company's common stock for 500,000 cash and carried th...
A: Consolidation statement:- When one company takes over another company's share by paying purchase con...
Q: What is the expected result of a zero-interest-bearing note that is sold today for less than face va...
A: Solution: Zero interest bearing note are note that contains no interest and same is issued at a disc...
Q: apartment building for sale. LL is to manage the joint arrangement hence, he will rec ponus of 10% o...
A: The answer is stated below:
Q: (1) What is a direct labor variance and how is it calculated?
A: Meaning : Standard costing is a technique of cost accounting in which standards are set for material...
Q: If money is compounded monthly at 6.42%, how much must she pay each month? Round off to two decimal ...
A: Principal Amount of Loan = Total Amount - Down Payment Monthly Payment = P x r / [1 - {1 / (1 + r)^n...
Q: 9. Training designed to make people more open and self-expressive without being rude or thoughtless ...
A: Regressive behavior implies the individual regresses or unlearns the things which he/she was already...
Q: Përpêtual Inventory Usihg FIFO The following units of a particular item were available for sale duri...
A: Solution: Under FIFO method of inventory valuation, inventory purchased first is considered as sold ...
Q: On July 01, 2021, Parent, Inc. acquired most of the outstanding common stock of Subsidiary Company f...
A: Goodwill is an intangible asset for a company. It can either be build overtime or can be purchased f...
Q: process measurements : This kind of information includes the effectiveness of the checkout process, ...
A: Note:- Since you have asked multiple questions, we will solve the first question for you. If you wan...
Q: Required information [The following information applies to the questions displayed below.] Stellar S...
A: >Predetermined overhead rate is the overhead allocation rate, used to 'apply' or 'allocate' the o...
Q: What is the estimated annual fixed manufacturing overhead ? If estimated fixed overhead is equal to ...
A: Gramps' Remedy manufactures athlete foot powder. The company uses standard costing system. Standard ...
Q: A large retailer was sued nearly 5,000 times in a recent year—about once every 2 hours every day of ...
A: A contingent liability is an obligation that may arise as a result of the occurrence of a future eve...
Q: Lucky Company's direct labor information for the month of February is as follows: Actual direct labo...
A: The variance is the difference between the actual data and standard output of the production.
Q: X Company Y Company Amount Percent Amount Percent Sales S 148,000 100.00 $ 148,000 100.00 Variable c...
A: Solution.. Actual sales of company Y = $148,000 Contribution margin ratio = 70% Fixed cost = $70...
Q: Exercise 8-48 (Static) Operation Costing (LO 8-8) Coastal Cycles makes three models of electric bicy...
A: The cost per unit is calculated as total cost divided by number of units.
Q: pros and cons of Sarbanes Oxley (SOX)?
A: I am answering the first question out of multiple submitted questions as per bartleby guidelines. Pl...
Q: Mrs. Kimberly deposited P 300, 000 in an account earning 8% compounded every 6 months. On the 2th ye...
A: Compound interest: Compound interest denotes an interest computed on the total initial deposits and ...
Q: Scoresby Incorporated tracks the number of units purchased and sold throughout each year but applies...
A: “Since you have posted a question with multiple sub-parts, we will solve first three subparts for yo...
Q: tems 15 to 17 are based on the following information: You are engaged to perform an audit of the acc...
A: Sales- The revenue created by a company through selling its goods and services to clients is referre...
Q: Spring Co. bought merchandise from All Co. with terms 2/10, n/30. Joanne Ring, the bookkeeper, forgo...
A: Meaning The early payment discount reduces the amount to be paid by the buyer to the seller if the b...
Q: Domingo Corporation uses the weighted-average method in its process costing system. This month, the ...
A: Ending work in process inventory is the inventory held at the closing date which is not yet complete...
Q: In ABC's December 31, year 1 consolidated balance sheet, what amount should be reported as total ret...
A: Amount in $ ABC Corp ↓100% XYZ Corp ...
Q: Compute the total cost, expected profit, and selling price. Write your solution and answer on the sp...
A: The solution can be found in the following sheet:
Q: Dow Deep Mining Co acquired mineral rights for $56,000,000. The mineral deposit is estimated at 70,0...
A: Given that cost of the mineral rights = $56,000,000 Estimated mineral deposit = 70,000,000 tons
Q: 1 intere
A: A bond is a fixed interest bearing debt instrument issued by a company to finance its operation. Int...
Q: Required information [The following information applies to the questions displayed below.] This year...
A: The computation of AGI is quite simple. Simply put all kinds of earnings together and remove any tax...
Q: st rate over four years.
A: In this question, we have to calculate annual Payments finance costs and principal repayments.
Q: When a preference share is cumulative and non-participating: a. Any dividends not distributed from t...
A: "Since you have asked multiple questions, we will solve first question for you. If you want any spec...
Q: Rahim and Karim undertook jointly to build a house for a company at an agreed price of Tk. 60,000, p...
A: Answer:- Joint venture definition:- Joint venture is one of the unique type of commercial partnersh...
Q: 1. On January 1, 20x4, Drexler signed an agreement to operate as a franchisee of Houston Copy Servic...
A: Answer - Working Note - Calculation of carrying amount of the franchise on December 31, 20x4 - ...
Q: 2. Ann is Bob's supervisor. While completing his performance appraisal, Ann tells Bob that he is laz...
A: Effective communication is important for organization in order to achieve the goal. organization to...
Q: On January 1, 20x1, ABC Corporation purchased all of XYZ Corporation's common stock for $1,200,000. ...
A: Retained Earnings- Retained earnings are the collective net income or profits of a corporation after...
Step by step
Solved in 2 steps
- Rebert Inc. showed the following balances for last year: Reberts net income for last year was 3,182,000. Refer to the information for Rebert Inc. above. Also, assume that the dividends paid to common stockholders for last year were 2,600,000 and that the market price per share of common stock is 51.50. Required: 1. Compute the dividends per share. 2. Compute the dividend yield. (Note: Round to two decimal places.) 3. Compute the dividend payout ratio. (Note: Round to two decimal places.)Rebert Inc. showed the following balances for last year: Reberts net income for last year was 3,182,000. Refer to the information for Rebert Inc. above. Also, assume that the market price per share for Rebert is 51.50. Required: 1. Compute the dollar amount of preferred dividends. 2. Compute the number of common shares. 3. Compute earnings per share. (Note: Round to two decimals.) 4. Compute the price-earnings ratio. (Note: Round to the nearest whole number.)The Castle Company recently reported net profits after taxes of $15.8 million. It has 2.5 million shares of common stock outstanding and pays preferred dividends of $1 million a year. The company’s stock currently trades at $60 per share. Compute the stock’s earnings per share (EPS). What is the stock’s P/E ratio? Determine what the stock’s dividend yield would be if it paid $1.75 per share to common stockholders.
- Ratio Analysis MJO Inc. has the following stockholders equity section of the balance sheet: On the balance sheet date, MJOs stock was selling for S25 per share. Required: Assuming MJOs dividend yield is 1%, what are the dividends per common share? Assuming MJOs dividend yield is 1% and its dividend payout is 20%, what is MJOs net income?CALCULATING THE WACC Here is the condensed 2019 balance sheet for Skye Computer Company (in thousands of dollars): Skyes earnings per share last year were 3.20. The common stock sells for 55.00. last years dividend (D0) was 2.10, and a flotation cost of 10% would be required to sell new common stock. Security analysts are projecting that the common dividend will grow at an annual rate of 9%. Skyes preferred stock pays a dividend of 3.30 per share, and its preferred stock sells for 30.00 per share. The firms before-lax cost of debt is 10%, and its marginal tax rate is 25%. The firms currently outstanding 10% annual coupon rate, long-term debt sells at par value. The market risk premium is 5%, the risk-free rate is 6%, and Skyes beta is 1.516. The firms total debt, which is the sum of the companys short-term debt and long-term debt, equals 1.2 million. a. Calculate the cost of each capital component, that is, the after-tax cost of debt, the cost of preferred stock, the cost of equity from retained earnings, and the cost of newly issued common stock. Use the DCF method to find the cost of common equity. b. Now calculate the cost of common equity from retained earnings, using the CAPM method. c. What is the cost of new common stock based on the CAPM? (Hint: Find the difference between r1 and rs as determined by the DCF method, and add that differential to the CAPM value for rs.) d. If Skye continues to use the same market-value capital structure, what is the firms WACC assuming that (1) it uses only retained earnings for equity and (2) if it expands so rapidly that it must issue new common stock?
