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3 years ago

14

How much was firm xyz's dividends per share if the firm paid $3.20 million in dividends and there were 4 million shares outstand

ing?

1 answer:

USPshnik [31]3 years ago

7 0

Dividends per share by definition is how much did each share of the company receive in dividends.

You take the total dividend paid and divide by the number of outstanding shares

3.20 million / 4 million = dividends per share.

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A company paid $0.58 in cash dividends per share. Its earnings per share is $4.30 and its market price per share is $28.75. Its

Lina20 [59]

Answer:

a) 2.02%

Explanation:

Dividend yield = Cash dividend per share / Market price per share

Dividend yield = $0.58 / $28.75

Dividend yield = 0.02017

Dividend yield = 2.02%

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3 years ago

Anchor Company purchased a manufacturing machine with a list price of $93,000 and received a 2% cash discount on the purchase. T

r-ruslan [8.4K]

Answer:

$100,340

Explanation:

<em>The amount of cost recorded in the asset account would be:</em>

List price $93,000

Less: Discount ($93,000*2%) $1,860

Add: Freight $3,800

Add: Installation&Testing <u>$5,400 </u>

Cost of the machine <u>$100,340</u>

Note: Insurance cost is not included in the cost of the machine

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3 years ago

The profit, P, in dollars for manufacturing n units of a certain product is given by the formula P = 3n2 - 90n - 720. (Assume th

sesenic [268]

Answer:

$n=40$

Explanation:

We want to know the value of $n$ when $P=480$

$P=3n^2-90n-720\\480=3n^2-90n-720\\3n^2-90n-720-480=0\\3n^2-90n-1200=0\\3(n^2-30n-400)=0\\n^2-30n-400=0$

From here, we can find the factors of the quadratic equation, we need two numbers that multiplied give -400 and added -30. Since they are factors of 400, we can choose -20x20 or -40x10. When adding -20 and 20 the result is zero, but the sum of -40 and 10 is -30. Then:

$n^2-30n-400=0\\(n-40)(n+10)=0\\$

The solutions of the quadratic equation are $n-40=0$ and $n+10=0$ :

$n_1=40\\n_2=-10$

Since $n$ is a positive integer:

$n=40$

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2 years ago

g Jordan Enterprises plans to issue $120,000,000 of 20-year semi-annual bonds in September to help finance a new factory. It is

Elanso [62]

Answer:

(a) $900,000 semi annually

(b) $706,200

Explanation:

a).Total Period to issue 20 year semi-annual bonds=20×2=40

The Cost Of Debt to Company is Increase by = Value Of Bonds × Interest Rate × Semi Annual Year

= $120,000,000 × 1.5% × 1/2

= $900,000 semi annually

b). Consider face value of treasury bond is = $100

Future contract that are currently trading at 129.2, its means yield to maturity is less than coupon rate, according to this we can say that Required rate of return is less than coupon rate.

According to this if interest rate increase by 1.5%, bond price will be increase by 1.5%

Bond Traded at = $129.2 × 1.5% + $129.2

= 1.938 + 129.2

= $131.138

Jordon Earn From Future = Future Contract × (Bond Traded - Currently Trading)

= $100,000 × ( $131.138 - $129.2)

= $193,800

If hedge, net outcome will be = $900,000 - $193,800

= $706,200

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3 years ago

17. Which of the following is a false statement about the goals of management? A. Management's concern is that a union will crea

love history [14]

I think it's either A) or B) Let me know

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3 years ago