Six months ago, Monkey, Inc. repurchased $37,000 of its common stock. The company pays regular dividends...
Six months ago, Monkey, Inc. repurchased $37,000 of its common stock. The company pays regular dividends totaling $23,000 last year. What is the amount of the cash flow to stockholders for the past year if no additional shares were issued?
Homework Answers
Cash flow to share holder = Dividend Paid + Repurchase of shares
= $ 23,000 + $ 37,000
= $ 60,000
Pls commen, if any further assistance is required.
Add Answer to:
Six months ago, Monkey, Inc. repurchased $37,000 of its common
stock. The company pays regular dividends...
Cash Dividends on Common and Preferred Stock Lemon Inc. has the following information regarding its preferred...
Cash Dividends on Common and Preferred Stock Lemon Inc. has the following information regarding its preferred and common stock: Preferred stock, $30 par, 12% cumulative; 300,000 shares authorized; 150,000 shares issued and outstanding Common stock, $2 par; 2,500,000 shares authorized; 1,200,000 shares issued; 1,000,000 outstanding As of December 31, 2019, Lemon was 3 years in arrears on its dividends. During 2020, Lemon declared and paid dividends. As a result, the common stockholders received dividends of $0.45 per share. Required: 1....
Entries for Stock Dividends Paris Corporation has 37,000 shares of $40 par common stock outstanding. On...
Entries for Stock Dividends Paris Corporation has 37,000 shares of $40 par common stock outstanding. On June 8, Paris Corporation declared a 3% stock dividend to be issued August 12 to stockholders of record on July 13. The market price of the stock was $58 per share on June Journalize the entries required on June 8, July 13, and August 12. For a compound transaction, if an amount box does not require an entry, leave it blank. If no entry...
On January 1, 2020, Pharoah Inc. had the following stockholders' equity balances. Common Stock (480,000 shares...
On January 1, 2020, Pharoah Inc. had the following stockholders' equity balances. Common Stock (480,000 shares issued) $960,000 Paid-in Capital in Excess of Par-Common Stock 560,000 Common Stock Dividends Distributable 140,000 Retained Earnings 520,000 During 2020, the following transactions and events occurred. 1. Issued 70,000 shares of $2 par value common stock as a result of 15% stock dividend declared on December 15, 2021. 2. Issued 35,000 shares of common stock for cash at $4 per share. 3. Purchased 21,000...
On January 1, 2020, Oriole Inc. had the following stockholders' equity balances. Common Stock (595,000 shares...
On January 1, 2020, Oriole Inc. had the following stockholders'
equity balances.
Common Stock (595,000 shares
issued)
$1,190,000
Paid-in Capital in Excess of
Par-Common Stock
530,000
Common Stock Dividends
Distributable
210,000
Retained Earnings
640,000
During 2020, the following transactions and events occurred.
1.
Issued 105,000 shares of $2 par value common stock as a result
of 15% stock dividend declared on December 15, 2021.
2.
Issued 52,500 shares of common stock for cash at $4 per
share.
3.
Purchased 30,000...
Noric Cruises Inc. began the month of October with the following balances: Common Stock, $150,000; Additional...
Noric Cruises Inc. began the month of October with the following balances: Common Stock, $150,000; Additional Paid-In Capital, $3,400,000; and Retained Earnings, $12,600,000. During June, Noric issued for cash 50,000 shares of common stock (with a stated value of $1) at $12 per share. Noric reported the following results for the month ended October 31: Net income $2,000,000 Cash dividends declared 455,000 Prepare a statement of stockholders’ equity for the month ended October 31. If there is a net loss...
#1 Van Buren, Inc., currently pays $2.24 per share in dividends on its common stock. Dividends...
#1 Van Buren, Inc., currently pays $2.24 per share in dividends on its common stock. Dividends are expected to grow at 7.00 % per year forever. If you require a 13.00 % rate of return (i.e., the discount rate) on this investment, what value would you place on a share of Van Buren common stock? Assume that the current dividend was just paid. Answer format: Currency: Round to 2 decimal places # 2 Bad Investment Incorporated has "promised" investors to...
Apple Inc. pays quarterly dividends. The next dividend will be paid 2 months from now. The...
Apple Inc. pays quarterly dividends. The next dividend will be paid 2 months from now. The last dividend was paid 1 month ago and the amount was $0.73 per share. Suppose the concensus belief is that the dividend will be growing at a rate of 1% per dividend. If we assume an annual discount rate of 6% (expressed as EAR), what is the fair value of Apple's stock?
At what average cost has Caterpillar repurchased its stock as of year-end 2016? Please explain answer choice in detail...
At what average cost has Caterpillar repurchased its stock as
of year-end 2016?
Please explain answer choice in detail.
5. Assume the following is the stockholders' equity section of the 2016 Caterpillar, Inc., balance sheet. 2016 2015 2014 $1,859 $1,231 $1,059 Stockholders' Equity (5 millions) Common stock of $1.00 par value; Authorized shares: 900,000,000; Issued shares (2016, 2015, and 2014 814,894,624) at paid-in amount Treasury stock (2016144,027,405 shares; 2015- 129,020,726 shares; 2014—127,370,544 shares) at cost Profit employed in the business...
Use the following to answer questions 6-12 JR, Inc., has two classes of stock authorized: $100.00...
Use the following to answer questions 6-12 JR, Inc., has two classes of stock authorized: $100.00 par preferred and $0.10 par value common. As of the beginning of 20XC, 10,000 shares of preferred stock and 500,000 shares of common stock have been issued. Record the following transactions to complete the Statement of Stockholders' Equity: Effect on Stockholders' Equity Issue 3,000 additional shares of preferred stock for $101.00 per share Issue 200,000 additional shares of common stock for $18.50 per share...
The chart is for the 3rd question. Dividends Per Share Seacrest Company has 20,000 shares of...
The chart is for the 3rd question.
Dividends Per Share Seacrest Company has 20,000 shares of cumulative preferred 3% stock, $100 par and 50,000 shares of $10 par common stock. The following amounts were distributed as dividends: Year 1 $150,000 Year 2 30,000 Year 3 180,000 Determine the dividends per share for preferred and common stock for each year. Round all answers to two decimal places. If an answer is zero, enter 'o'. Year 1 Year 2 Year 3 Preferred...
Cash Dividends on Common and Preferred Stock Lemon Inc. has the following information regarding its preferred and common stock: Preferred stock, $30 par, 12% cumulative; 300,000 shares authorized; 150,000 shares issued and outstanding Common stock, $2 par; 2,500,000 shares authorized; 1,200,000 shares issued; 1,000,000 outstanding As of December 31, 2019, Lemon was 3 years in arrears on its dividends. During 2020, Lemon declared and paid dividends. As a result, the common stockholders received dividends of $0.45 per share. Required: 1....
Entries for Stock Dividends Paris Corporation has 37,000 shares of $40 par common stock outstanding. On June 8, Paris Corporation declared a 3% stock dividend to be issued August 12 to stockholders of record on July 13. The market price of the stock was $58 per share on June Journalize the entries required on June 8, July 13, and August 12. For a compound transaction, if an amount box does not require an entry, leave it blank. If no entry...
On January 1, 2020, Pharoah Inc. had the following stockholders' equity balances. Common Stock (480,000 shares issued) $960,000 Paid-in Capital in Excess of Par-Common Stock 560,000 Common Stock Dividends Distributable 140,000 Retained Earnings 520,000 During 2020, the following transactions and events occurred. 1. Issued 70,000 shares of $2 par value common stock as a result of 15% stock dividend declared on December 15, 2021. 2. Issued 35,000 shares of common stock for cash at $4 per share. 3. Purchased 21,000...
On January 1, 2020, Oriole Inc. had the following stockholders'
equity balances.
Common Stock (595,000 shares
issued)
$1,190,000
Paid-in Capital in Excess of
Par-Common Stock
530,000
Common Stock Dividends
Distributable
210,000
Retained Earnings
640,000
During 2020, the following transactions and events occurred.
1.
Issued 105,000 shares of $2 par value common stock as a result
of 15% stock dividend declared on December 15, 2021.
2.
Issued 52,500 shares of common stock for cash at $4 per
share.
3.
Purchased 30,000...
#1 Van Buren, Inc., currently pays $2.24 per share in dividends on its common stock. Dividends are expected to grow at 7.00 % per year forever. If you require a 13.00 % rate of return (i.e., the discount rate) on this investment, what value would you place on a share of Van Buren common stock? Assume that the current dividend was just paid. Answer format: Currency: Round to 2 decimal places # 2 Bad Investment Incorporated has "promised" investors to...
At what average cost has Caterpillar repurchased its stock as
of year-end 2016?
Please explain answer choice in detail.
5. Assume the following is the stockholders' equity section of the 2016 Caterpillar, Inc., balance sheet. 2016 2015 2014 $1,859 $1,231 $1,059 Stockholders' Equity (5 millions) Common stock of $1.00 par value; Authorized shares: 900,000,000; Issued shares (2016, 2015, and 2014 814,894,624) at paid-in amount Treasury stock (2016144,027,405 shares; 2015- 129,020,726 shares; 2014—127,370,544 shares) at cost Profit employed in the business...
Use the following to answer questions 6-12 JR, Inc., has two classes of stock authorized: $100.00 par preferred and $0.10 par value common. As of the beginning of 20XC, 10,000 shares of preferred stock and 500,000 shares of common stock have been issued. Record the following transactions to complete the Statement of Stockholders' Equity: Effect on Stockholders' Equity Issue 3,000 additional shares of preferred stock for $101.00 per share Issue 200,000 additional shares of common stock for $18.50 per share...
The chart is for the 3rd question.
Dividends Per Share Seacrest Company has 20,000 shares of cumulative preferred 3% stock, $100 par and 50,000 shares of $10 par common stock. The following amounts were distributed as dividends: Year 1 $150,000 Year 2 30,000 Year 3 180,000 Determine the dividends per share for preferred and common stock for each year. Round all answers to two decimal places. If an answer is zero, enter 'o'. Year 1 Year 2 Year 3 Preferred...
Most questions answered within 3 hours.
-
3) What are the typical social structures in a global city?
asked 57 minutes ago -
Luther Corporation
Consolidated Balance Sheet
December 31, 2019 and 2018 (in $ millions)
Assets
2019
2018...
asked 59 minutes ago -
(Expected rate of return and risk) Carter Inc. is evaluating a
security. Calculate the investment’s expected...
asked 3 hours ago -
What specific indicators can point to lack of progress for
African Americans in American society?
asked 4 hours ago -
1-The Electrons in a beam are moving at 2.7×108 m/s in an
electric field of 15000...
asked 4 hours ago -
A gas tank is a vertical cylinder. It has a radius of 1m, a
height of...
asked 5 hours ago -
Accent Software faces the following conditions. All of these
support Accent’s use of a market-penetration pricing...
asked 6 hours ago -
A mathematically inclined friend emails you the following
instructions: "Meet me in the cafeteria the first...
asked 6 hours ago -
A monopoly sells in two countries . The demand curves in the two
countries are p1...
asked 7 hours ago -
A .15kg rubber ball is bounced off a wall. Before hitting the
wall, the ball moves...
asked 8 hours ago -
A manufacturing company preparing to build a new plant is
considering three potential locations for it....
asked 8 hours ago -
B. If compound Y has approximately the same values of solubility
in toluene as compound X,...
asked 8 hours ago