7. Stock Dividends 11,031 The market value balance sheet for Bobaflex Manufac turing is shown here....
The market value balance sheet for Outbox Manufacturing is shown here. Outbox has declared a stock dividend of 15 percent. The stock goes ex dividend tomorrow (the chronology for a stock dividend is similar to that for a cash dividend). Market Value Balance Sheet Cash $ 87,000 Debt $ 146,000 Fixed assets 710,000 Equity 651,000 Total $ 797,000 Total $ 797,000 There are 22,000 shares of stock outstanding. What is the current share price? Current share price What will...
Problem 19-7 Stock Dividends The market value balance sheet for Outbox Manufacturing is shown here. Outbox has declared a stock dividend of 20 percent. The stock goes ex dividend tomorrow (the chronology for a stock dividend is similar to that for a cash dividend). Market Value Balance Sheet Cash $ 98,000 Debt $ 157,000 Fixed assets 820,000 Equity 761,000 Total $ 918,000 Total $ 918,000 There are 33,000 shares of stock outstanding. What is the current share price? (Do not...
The market value balance sheet for Briggs Manufacturing is shown here. The company has declared a 20 percent stock dividend. The stock goes ex dividend tomorrow (the chronology for a stock dividend is similar to that for a cash dividend). There are 21,000 shares of stock outstanding. Market Value Balance Sheet Cash Fixed assets $135,000 730,000 Debt Equity $215,000 650,000 Total $865,000 Total $865,000 What will the ex-dividend price be? (Do not round intermediate calculations and round your answer to...
The market value balance sheet for Briggs Manufacturing is shown here. The company has declared a 20 percent stock dividend. The stock goes ex dividend tomorrow (the chronology for a stock dividend is similar to that for a cash dividend). There are 21,000 shares of stock outstanding. Market Value Balance Sheet Cash Fixed assets $135,000 730,000 Debt Equity $215,000 650,000 Total $865,000 $865,000 What will the ex-dividend price be? (Do not round intermediate calculations and round your answer to 2...
The market value balance sheet for Tidwell Manufacturing is shown here. The company has declared a 15 percent stock dividend. The stock goes ex dividend tomorrow (the chronology for a stock dividend is similar to that for a cash dividend). There are 30,000 shares of stock outstanding Market Value Balance Sheet Cash Fixed assets Total s 167,000 DebtS 1140,000 Equity $1,307,000 Total 960,000 $1,307,000 What will the ex dividend price be? (Do not round intermediate calculations and round your answer...
The market value balance sheet for Bobaflex Manufacturing is shown here. The company has declared a 25 percent stock dividend. The stock goes ex dividend tomorrow (the chronology for a stock dividend is similar to that for a cash dividend) Market Value Balance Sheet Cash $ 85,000 Debt $ 144,000 Fixed assets 690,000 Equity 631,000 Total $ 775,000 Total $ 775,000 There are 20,000 shares of stock outstanding. What is the current share price? (Do not round intermediate...
The market value balance sheet for Bobaflex Manufacturing is shown here. The company has declared a 20 percent stock dividend. The stock goes ex dividend tomorrow (the chronology for a stock dividend is similar to that for a cash dividend). Market Value Balance Sheet Cash $ 92,000 Debt $ 151,000 Fixed assets 760,000 Equity 701,000 Total $ 852,000 Total $ 852,000 There are 27,000 shares of stock outstanding. What is the current share price? (Do not round intermediate...
The market value balance sheet for Oracle Manufacturing is shown here. The company has declared a stock dividend of 30 percent. The stock goes ex-dividend tomorrow (the chronology for a stock dividend is similar to that for a cash dividend). Market Value Balance Sheet Cash $95,000 Debt $154,000 Fixed assets 190,000 Equity 731,000 Total $885,000 Total $885,000 There are 30,000 shares of stock outstanding. What is the current share price? (Do not round intermediate calculations and round your answer to...
The balance sheet for Levy Corp is shown here in market value terms. There are 8,000 shares of stock outstanding. The company has declared a dividend of $1.60 per share. The stock goes ex dividend tomorrow. Ignoring any tax effects, what is the stock selling for today? What will it sell for tomorrow? What will the balance sheet look like after the dividends are paid? Market Value Balance Sheet Cash $30,000 Equity $380,000 Fixed Assets 350,000 Total 380,000 380,000
xvi. The balance sheet for Ferguson Corp. is shown here in market value terms. There are 5,000 shares of stock outstanding. Market Value Balance Sheet Cash $ 44,500 Equity $ 434,500 Fixed assets 390,000 Total $ 434,500 Total $434,500 The company has declared a dividend of $1.30 per share. The stock goes ex dividend tomorrow. Ignoring any tax effects, what will it sell for tomorrow? You must show work to get full credit. a. $69.10 b. $76.70 c. $78.00 d....