During the most current year, XYZ Corp paid $71,780 in interest and $78,790 in dividends. In...
During the most current year, XYZ Corp paid $71,780 in interest and $78,790 in dividends. In order to fund a large expansion, the company also raised $303,000 in new stock and borrowed $182,000 via the bond market, though a portion of the new borrowing was used to pay back $162,000 in bonds that were maturing this year. Calculate the Cash Flow to Creditors.
Homework Answers
Net borrowing = Debt borrowed - Old debt paid back
Cash flow to Creditors = Interest -Net borrowing = 71780
-(182000-162000) = 51780
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During the most current year, XYZ Corp paid $71,780
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Please answer immediately. And please show how you got the paid in capital excess of par....
Please answer immediately. And please show how you got the paid
in capital excess of par. I am stuck on that.
Problem 24-1
Your answer is partially correct. Try again.
Your firm has been engaged to examine the financial statements
of Stellar Corporation for the year 2017. The bookkeeper who
maintains the financial records has prepared all the unaudited
financial statements for the corporation since its organization on
January 2, 2012. The client provides you with the information
below.
STELLAR...
Company XYZ will pay in exactly one year $4 in dividends per share to its common stock shareholders. In exactly one year it will pay $2 in dividends per share to holders of its preferred stock. The flotation costs on a per share basis for common stock are $7 and for preferred stock are $2. Common stock dividends are expected to grow 5% each year--preferred stock dividends will not change. The company can issue $1,000-par-value, 12% coupon, ten-year bonds that...
Company XYZ will pay in exactly one year $4 in dividends per share to its common stock shareholders. In exactly one year it will pay $2 in didends per Share to holders of its preferred stock. The flotation costs on a per share basis for common stock are 57 and for preferred stock are 52. Common stock dividends are expected to grow 5% each year preferred stock dividends will not change. The company can issue $1,000 par value, 12% coupon,...
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Please answer immediately. And please show how you got the paid
in capital excess of par. I am stuck on that.
Problem 24-1
Your answer is partially correct. Try again.
Your firm has been engaged to examine the financial statements
of Stellar Corporation for the year 2017. The bookkeeper who
maintains the financial records has prepared all the unaudited
financial statements for the corporation since its organization on
January 2, 2012. The client provides you with the information
below.
STELLAR...
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