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Juli2301 [7.4K]
3 years ago
12

Blazer Sports Store is preparing to pay its quarterly dividend of $7.75 a share this quarter. The stock closed at $105.64 a shar

e today. What will the ex-dividend stock price be if the relevant tax rate is 19 percent and all else is held constant
Business
1 answer:
Lana71 [14]3 years ago
3 0

Answer:

$99.3625

Explanation:

The computation of ex-dividend stock price is shown below:-

Ex-dividend stock price = Stock closing price - Stock dividend × (1 - tax rate)

= $105.64 - $7.75 × (1 - 19%)

= $105.64 - $7.75 × 0.81

= $105.64 - 6.2775

= $99.3625

Therefore for computing the ex-dividend stock price we simply applied the above formula.

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Suppose on January 1 Aiden​'s Tavern prepaid rent of $ 13 comma 200 for the full year. At July 31​, how much rent expense should
Paha777 [63]

Explanation:

13,200 Rent prepaid on January 1 for 1 year

÷ 12 Months

$ 1,100 Rent expense per month

Thus, $1,100 Rent expense per month

× 7 Months

$7,700 Rent expense for January through July

At July 31, Aiden's Tavern should record $ 7700 of rent expense.

8 0
3 years ago
In which situation would you need to compromise to avoid stress and conflict?
Marianna [84]
Add the selections so I can answer.

6 0
4 years ago
A supplier of instrument gauge clusters uses a kanban system to control material flow. The gauge cluster housings are transporte
Inessa [10]

Answer: 2 kanban card sets will be needed.

Explanation: 20% of 10 gauges gives the safety inventory stock.

This will be 20/100 ×10=2

But 10 gauges are produced per hour out of which 2 will be kept as safety inventory stock, making it to be 10-2=8gauges per hour.

Number of kanban cards used for transporting gauges 8/5=1.6

1.6= 2to the nearest whole number.

3 0
3 years ago
A case comes before a Wisconsin state trial court on the subject of free speech on the Internet. It is a case of first impressio
sp2606 [1]

Answer:

The correct answer would be option B, Judge's own personal feelings about the internet.

Explanation:

When a case comes to a court, it is the responsibility of a judge to see every aspect of the case and analyze it on the basis of given evidence or set rules or standards, or in the light of decisions made on the same case by other courts. But in this question, it is said that the case which was brought to the court was the first in its kind, it means no such type of case has been ever submitted in any court before. The freedom of speech on internet is a sensitive issue. So all aspects should be kept in mind while proceeding the case, and it would not be considered proper for the judge to bring his person feelings about the internet into the case. His personal feelings should be set aside and the case should be solved on the basis of evidences and solid views.

3 0
3 years ago
A company reported net income of $6 million. During the year the average number of common shares outstanding was 3 million. The
malfutka [58]

Answer:

The EPS is approximately:

it can be any of them:

  • if preferred dividends = $4,800,000, then EPS = $0.40 (option A)
  • if preferred dividends = $720,000, then EPS = $1.76 (option B)
  • if preferred dividends = $0, then EPS = $2 (option D)

EPS = (net income - preferred dividends) / outstanding shares = ($6,000,000 - preferred dividends) / 3,000,000 shares

The Price/Earnings ratio is approximately:

  • if EPS = $0.40, then PE ratio = 12.5 (option D)
  • if EPS = $1.76, then PE ratio = 2.84 (option C)
  • if EPS = $2, then PE ratio = 2.5 (option B)

Price/earnings (PE) ratio = share price / EPS = $5 / EPS

EPS cannot be $1.80, since PE ratio = 2.78 and that is not an option.

Some companies have a higher share price for the same level of earnings. Why?

Some stocks like Amazon have a very low EPS, form any years its EPS was very low bu its stock price kept rising. The stock price is based mostly on potential future earnings, not current earnings. A company that is being liquidated might have a high EPS, but a very low stock price since it will stop operating soon.  

7 0
3 years ago
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