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vladimir1956 [14]
3 years ago
5

On May 1, 2021, Concord Corporation declared and issued a 10% common stock dividend. Prior to this dividend, Concord had 207000

shares of $1 par value common stock issued and outstanding. The fair value of Concord's common stock was $23 per share on May 1, 2021. As a result of this stock dividend, Concord's total stockholders' equity:
A. increased by $476100.
B. decreased by $23000.
C. decreased by $476100.
D. did not change.
Business
1 answer:
kipiarov [429]3 years ago
4 0

Answer:

The correct answer is simply option A.

Explanation:

Total stockholders' equity comprises retained earnings (accumulated net profit or loss over the years minus dividends), common stock and premium.

Common stock dividend is simply dividend paid to the owners of common stock from the retained earnings of the company. This could be in form of cash or dividends.

Before the issue of the common stock dividend, the company's common stock value was 207,000 shares of $1 par value, that is $207,000. 10% common stock dividend at $23 per share on May 1, 2021 translates to 0.1 x 207,000 shares x $23 = $476,100. Since it was common stock dividend, the total stockholders' equity would increase by $476,100. If it was a cash dividend, it would have decreased by $476,100.

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Kohler Inc. wants to replace a 10 year old machine with a new machine that is more efficient. The old machine cost $80,000 when
Reptile [31]

Answer:

no option is correct, the correct answer is $12,630

Explanation:

after tax salvage value of old machine = $12,000 - [($12,000 - $15,000) x 21%] = $12,000 - (-$3,000 x 21%) = $12,000 - -$630 = $12,630

the tax shield generated by this loss (market value is lower than book value) = $630

the cash received form the sale = $12,000

the combined effect = $12,000 + $630 = $12,630

8 0
3 years ago
Blinding Light Co. has a project available with the following cash flows: Year Cash Flow 0 −$33,790 1 8,210 2 9,890 3 14,120 4 1
oksano4ka [1.4K]

Answer: 20.15%

Explanation:

The IRR is the discount rate that makes brings the Net Present Value to zero.

It can be solved for by various means including using Excel as shown in the attached file.

Year 0      -33790

Year 1        8,210

Year 2       9,890

Year 3       14,120

Year 4       15,930

Year 5       10,820

= IRR (-33,790 , 8,210 , 9,890 , 14,120 , 15,930 , 10,820 )

= 20.15%

4 0
2 years ago
The matrix of change was designed to help managers decide how quickly change should proceed, in what order changes should take p
Liula [17]

Answer:

True

Explanation:

This is true because The Matrix of Change can help managers identify the critical interactions among processes and deal with these issues

1. how quickly should the change proceed

2. in what order should changes take place,

3. whether to start at a new site, and

4. whether the proposed systems are stable and coherent. But the disadvantages of the Matrix is that it is limited in size.

4 0
3 years ago
Using the Boston Consulting Group growth-share matrix, the managers of Xylicon International determined that their business unit
brilliants [131]

Answer:

D. Increase investment in the personal health monitoring unit to encourage future growth.

Explanation:

Using the Boston Consulting Group growth-share matrix, the managers of Xylicon International determined that their business unit devoted to personal health monitoring devices was a star. Based on this finding, they should Increase investment in the personal health monitoring unit to encourage future growth. Stars are termed, defined and categorized as the high-share and high-growth businesses which most of the times needs some kind of huge investments for their rapid and speedy growth. They can ultimately be turned down into cash cows which are the highly profitable products for any organizations, therefore, as personal health monitoring devices are star for Xylicon International, therefore, they are required to increase investment for these products in order to make them their cash cows. They can huge profits by spending on this segments which definitely has huge growth potential.

8 0
3 years ago
Select the items that are jobs of the Federal Reserve. YOU CAN PICK MORE THAN ONE!
leonid [27]

Answer:

manage risk in the financial markets

watch banks and protect customers

provide banking services

Influence the money supply

Explanation:

The Fed tries to manage risk in the financial markets. For example, the Federal Reserve would be concerned that the effects of the failure of one financial institution, such as a big bank, might spread to other banks.

The Fed watches over banks and tries to protect banking customers. For example, the Federal Reserve enforces the Truth in Lending Act, which protects people who use credit cards or borrow money to pay an expense, also known as using credit, from deceptive practices.

The Fed offers banking services, such as loans, to other banks, the U.S. government, and other countries.

Maybe most important, the Fed influences the growth of the money supply. The money supply is the amount of money that is flowing through the economy.

7 0
2 years ago
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