Homework Answers
Invested in stock A =$44000
stock B= $ 8000
stock C= $28000
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Ms. Hardin invested $80,000 in three stocks. The first year, stock A paid 6% dividends and increased 3% in value; stock...
York's outstanding stock consists of 80,000 shares of noncumulative 6.0% preferred stock with a $5 par value and al...
York's outstanding stock consists of 80,000 shares of noncumulative 6.0% preferred stock with a $5 par value and also 300.000 shares of common stock with a $1 par value. During its first four years of operation, the corporation declared and paid the following total cash dividends. Year 1 total cash dividends Year 2 total cash dividends Year 3 total cash dividends Year 4 total cash dividends $13,000 22,000 250,000 400,000 Determine the amount of dividends paid each year to each...
An investor is deciding which stocks to purchase among Stocks A, B, and C. All three...
An investor is deciding which stocks to purchase among Stocks A, B, and C. All three stocks pay quarterly dividends with a known mean of $10/share and standard deviation of $2/share. All three stocks have the same price per share. Assume dividends paid by Stocks A, B, and C are independent. a) What is the total expected value and variance of dividends over the course of one year, for an investment of 30 shares in Stock A? b) What is...
During the year, Glencoe Corporation paid dividends of $20,000 and received a bank loan for $60,000....
During the year, Glencoe Corporation paid dividends of $20,000 and received a bank loan for $60,000. The company's net income for the year was $30,000. Depreciation expense for the year was $16,000. Accounts receivable increased by $2,000, inventory decreased by $3,000, accounts payable decreased by $2,200, and prepaid insurance increased by $2,400. 9. How much is the company's cash flow from operations? A. $49,600 B. $26,400 C. $42,400 D. $33,600 During the year, Avatar Company issued 1,250 shares of its...
The first question York's outstanding stock consist of 80,000 shares of non-cumulative 7.5% preferred stock with...
The first question
York's outstanding stock consist of 80,000 shares of non-cumulative 7.5% preferred stock with a $5 par value and also 200,000 shares of common stock with a $1 par value. During its first four years of operation the corporation declared and paid the following total cash dividend: 2013........$20,000 2014........$15,000 2015........$200,000 2016........$300,000 A. Determine the amount of dividends paid each year to each of the two classes of stockholders: preferred and common. Also compare the total dividends paid to...
Compute the fair value of the following three stocks. Assume cost of equity to be 10%...
Compute the fair value of the following three stocks. Assume cost of equity to be 10% Stock A is expected to pay a uniform dividend of Rs. 3.50 per share forever. Stock B is expected to pay a dividend of Rs. 2.00 per share next year. Dividends are expected to grow at 5% YOY per year forever. Stock C has paid a dividend of Rs. 2.50 per share in the current year. The dividend is expected to increase by Rs....
Stock Dividends Witt Corporation has 80,000 shares of $5 par value common stock outstanding. At year-end, the company d...
Stock Dividends Witt Corporation has 80,000 shares of $5 par value common stock outstanding. At year-end, the company declares a five percent stock dividend. The market price of the stock on the declaration date is $20 per share. Four weeks later, the company issues the shares of stock to stockholders. a. Prepare the journal entry for the declaration of the stock dividend. b. Prepare the journal entry for the issuance of the stock dividend. C. Assume that the company declared...
Analyzing Cash Dividends on Preferred and Common Stock Potter Company has outstanding 20,000 shares of $50...
Analyzing Cash Dividends on Preferred and Common Stock Potter Company has outstanding 20,000 shares of $50 par value, 8% preferred stock and 60,000 shares of $5 par value common stock. During its first three years in business, it declared and paid no cash dividends in the first year, $280,000 in the second year, and $80,000 in the third year. (a) If the preferred stock is cumulative, determine the total amount of cash dividends paid to each class of stock in...
Problem 2 Fairley Company paid cash dividends at the end of each of its first three...
Problem 2 Fairley Company paid cash dividends at the end of each of its first three years of operation as follows: Year 1 Year 2 Year 3 $ 100,000 $ 98,000 $1,260,000 The company's balance sheet showed the following accounts throughout the three-year period: 600,000 shares of $3 par common stock Paid-in capital in excess of par, common 120,000 shares of 6% preferred, $20 par stock Paid-in capital in excess of par, preferred $1,800,000 $4,200,000 $2,400,000 $3,600,000 Determine the amount...
NU YU announced today that it will begin paying annual dividends. The first dividend will be paid next year in the a...
NU YU announced today that it will begin paying annual dividends. The first dividend will be paid next year in the amount of $0.59 a share. The following dividends will be $0.64, $0.79, and $1.09 a share annually for the following three years, respectively. After that, dividends are projected to increase by 3.9 percent per year. How much are you willing to pay today to buy one share of this stock if your desired rate of return is 13 percent?
Fargo Company's outstanding stock consists of 650 shares of noncumulative 5% preferred stock with a $10 par value and 4,200 shares of common stock with a $1 par value. During the first three years of operation, the corporation declared and paid the follow
Fargo Company's outstanding stock consists of 650 shares of noncumulative 5% preferred stock with a $10 par value and 4,200 shares of common stock with a $1 par value. During the first three years of operation, the corporation declared and paid the following total cash dividends. Dividends Declared & Paidyear 1$30,000year 2$8,000year 3$39,000The amount of dividends paid to preferred and common shareholders in year 1 is
York's outstanding stock consists of 80,000 shares of noncumulative 6.0% preferred stock with a $5 par value and also 300.000 shares of common stock with a $1 par value. During its first four years of operation, the corporation declared and paid the following total cash dividends. Year 1 total cash dividends Year 2 total cash dividends Year 3 total cash dividends Year 4 total cash dividends $13,000 22,000 250,000 400,000 Determine the amount of dividends paid each year to each...
During the year, Glencoe Corporation paid dividends of $20,000 and received a bank loan for $60,000. The company's net income for the year was $30,000. Depreciation expense for the year was $16,000. Accounts receivable increased by $2,000, inventory decreased by $3,000, accounts payable decreased by $2,200, and prepaid insurance increased by $2,400. 9. How much is the company's cash flow from operations? A. $49,600 B. $26,400 C. $42,400 D. $33,600 During the year, Avatar Company issued 1,250 shares of its...
The first question
York's outstanding stock consist of 80,000 shares of non-cumulative 7.5% preferred stock with a $5 par value and also 200,000 shares of common stock with a $1 par value. During its first four years of operation the corporation declared and paid the following total cash dividend: 2013........$20,000 2014........$15,000 2015........$200,000 2016........$300,000 A. Determine the amount of dividends paid each year to each of the two classes of stockholders: preferred and common. Also compare the total dividends paid to...
Stock Dividends Witt Corporation has 80,000 shares of $5 par value common stock outstanding. At year-end, the company declares a five percent stock dividend. The market price of the stock on the declaration date is $20 per share. Four weeks later, the company issues the shares of stock to stockholders. a. Prepare the journal entry for the declaration of the stock dividend. b. Prepare the journal entry for the issuance of the stock dividend. C. Assume that the company declared...
Analyzing Cash Dividends on Preferred and Common Stock Potter Company has outstanding 20,000 shares of $50 par value, 8% preferred stock and 60,000 shares of $5 par value common stock. During its first three years in business, it declared and paid no cash dividends in the first year, $280,000 in the second year, and $80,000 in the third year. (a) If the preferred stock is cumulative, determine the total amount of cash dividends paid to each class of stock in...
Problem 2 Fairley Company paid cash dividends at the end of each of its first three years of operation as follows: Year 1 Year 2 Year 3 $ 100,000 $ 98,000 $1,260,000 The company's balance sheet showed the following accounts throughout the three-year period: 600,000 shares of $3 par common stock Paid-in capital in excess of par, common 120,000 shares of 6% preferred, $20 par stock Paid-in capital in excess of par, preferred $1,800,000 $4,200,000 $2,400,000 $3,600,000 Determine the amount...
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