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Fofino [41]
3 years ago
12

On January 1, Gucci Brothers Inc. started the year with a $705,000 balance in Retained Earnings and a $608,000 balance in common

stock. During the year, the company reported net income of $93,000, paid a dividend of $14,100, and issued more common stock for $22,500. What is total stockholders' equity at the end of the year.
Business
1 answer:
gtnhenbr [62]3 years ago
7 0

Answer:

Stockholder Equity= $1,414,400

Explanation:

Stockholder Equity is the owners contribution to a business and it is made up of retained earnings and stock.

Stockholder Equity = Common stock + Retained Earnings

Let's track changes in common stock

Common stock= Starting balance + New stocks issued

Common stock= 608,000 + 22,500

Common stock= $630,500

Changes in retained earnings

Retained earnings= Starting balance + Income earned - Dividend paid out

Retained earnings= 705,000 + 93,000- 14,100

Retained earnings= $783,900

Therefore

Stockholder Equity= 630,500+ 783,900

Stockholder Equity= $1,414,400

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a

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Answer:

Find the answers in the excel file attached.

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3 years ago
Could I Industries just paid a dividend of $1.62 per share. The dividends are expected to grow at a rate of 20 percent for the n
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Answer:

Explanation:

Using the dividend growth model = Do(1+g)/Ke-g

Do=1.62$

G=4%

Ke=12%

Do(1+g)/Ke-g  =  2.0736(1+4%)/12%-4%

                      =   1.6848

/8%

                      =   53.916

                 Year Year Year Year Year  

                    0             1             2           3            4  

                          20%  20%  20% 20%  

Dividend             1        1.2      1.44  1.728 2.0736  

Ifninty dividend                                               55.91*  

Total Cashflows 1    1.2     1.44         1.728 55.98  

Pres.Val @12%    1     1.07142 1.14795  1.22995   35.583

     

Value of stock 40.030    

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