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Sergio [31]
3 years ago
6

Zwick Company bought 25,000 shares of the voting common stock of Handy Corporation in January 2021. In December, Handy announced

$208,100 net income for 2021 and declared and paid a cash dividend of $5.00 per share on all 208,000 shares of its outstanding common stock. Zwick Company's dividend revenue from Handy Corporation in December 2021 would be:
Business
2 answers:
sp2606 [1]3 years ago
8 0

Answer:

$125,000

Explanation:

Zwick company bought 25,000 shares of Handy corporation

In 2021 Handy corporation reported $208,100 net income

The cash dividend reported is $5.00 per share on all its 208,000 shares

Therefore the Zwicks company dividend revenue from Handy corporation in December 2021 can be calculated as follows

= 25,000 shares × $5.00

= 125,000

Hence Zwick's dividend revenue from Handy corporation is $125,000

kow [346]3 years ago
8 0

Answer:

$125,000

Explanation:

Calculation for what Zwick Company's dividend revenue from Handy Corporation in December 2021 would be

Using this formula

Dividend revenue= Voting common stock shares *Cash dividend per share

Let plug in the formula

Dividend revenue=25,000 shares*$5.00 per share

Dividend revenue=$125,000

Therefore Zwick Company's dividend revenue from Handy Corporation in December 2021 would be $125,000

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Answer:

Investing cash flow from current year = -$250,750. This means that the company invested $250,750 in purchasing new equipment and land during the year.

Explanation:

cash flow from investing activities = money received from the sale of assets - money spent purchasing new assets

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Cash flow from investing activities = $175,000 - $200,000 - $225,750 = -$250,750

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2 years ago
Which one of the following is an example of systematic risk? Multiple Choice Investors panic causing security prices around the
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Answer:

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3 0
3 years ago
Who are the internal and X ternal users of accounting information
dezoksy [38]

Answer and Explanation:

The internal and the external users or parties of accounting information are as follows

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3 0
3 years ago
5 years ago, Barton Industries issued 25-year noncallable, semiannual bonds with a $1,000 face value and a 9% coupon, semiannual
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Answer: 7.67%

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To solve this, the financial calculator will be needed

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