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lutik1710 [3]
3 years ago
6

The Howe Co. stockholders equity account follows: Common stock (400,00 shares at $4par) $1,600,000 Paid in capital in excess in

par 1,000,000 Retained earnings 1,900,000 Total stockholders equity $4,500,000 The earnings available for common stockholdes from this periods operations are $100,000,which have been included as part of the $1,9 million retained earnings. A. what is the maximun dividend per share that the firm can pay?(assume that legal capital includes all paid-in-capital) B. If the firm has $160,000 in cash, what is the largst per-share dividend it can pay without borrowing? C. Indicate the accounts and changes,if any,that will result if the firm pays the dividends indicated in parts A and B? D. Indicate the effects of an $80,000 cash dividend on stockholders equity.
Business
1 answer:
Anika [276]3 years ago
5 0

Answer:

Explanation:

The computations are shown below:

A. Dividend per share:

= (Total retained earning) ÷ (number of shares)

= ($1,900,000) ÷ (400,000 shares)

= $4.75 per share

B. Largest per share:

= (Cash) ÷ (number of shares)

= ($160,000) ÷ (400,000 shares)

= $0.40 per share

C. In part A, the cash and retained earnings is decreased by $1,900,000

whereas in part B, the cash and retained earnings is decreased by $160,000

D. The retained earning which is a part of stockholder equity is decreased by $80,000

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OLEGan [10]

Answer:

In essence, health insurance benefits enable employees to seek needed medical care. Disability insurance replaces a portion of employee income when they can't work because of an illness or disability. For the most part, disability insurance will not replace all of someone's income.

Explanation:

4 0
2 years ago
Galvin has deposited $879 in a savings account that earns interest at a rate of 1.8% compounded quarterly.what will the account
Tju [1.3M]

$1,130.28

Formula is A = P (1 + [r/n])^(nt)

A= 879 (1+ [.018/4])^(4*14)

A= 879 (1.0045)^56

A= $1,130.28

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3 0
3 years ago
All else being equal, does elastic or inelastic demand curve result in higher social surplus? How does elasticity of supply affe
disa [49]

Answer:

An elastic demand curve will result in higher social surplus. Social surplus equals consumer surplus plus supplier surplus, or simply total surplus. The highest possible social surplus is reached at the equilibrium point.

If a product's demand is completely inelastic, the supplier can increase the price at will, reducing consumer surplus to minimum levels. If a product's demand is completely elastic, then consumer surplus increases while supplier surplus is directly related to shifts in the demand. Higher demand increases supplier surplus.

7 0
3 years ago
If the M1 multiplier is 3 and the Fed engages in open-market purchases in the amount of $3 billion, then monetary base will Grou
zavuch27 [327]

Answer:

A

Explanation:

By definition, open-market operations change the monetary base.

In this exercise, the Fed engages in open-market purchases, which means that the Fed expands the amount of money in the banking system. Therefore the monetary base will increase by an amount equal to the amount of open-market purchases.

So monetary base will increase by $3 billion.

7 0
3 years ago
Which of the following are ways to develop a better social network:
Alex

Answer:

The ways to develop a better social network is to:

C. Maximize homophily

D. Invest in relationships that extend your expertise

E. Develop connections with powerful others

Explanation:

Maximizing homophily refers to the tendency to have positive ties with individuals who are similar in socially significant ways. Engaging regularly or hanging out with your kind is a good way to develop better social network.

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Developing connections with powerful others opens up the gate to the elite social community which will deepen your social network.

7 0
3 years ago
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