Answer:
 17.19   years
Explanation:
The triple value of the earnings per share=$3.50*3=$10.50
The growth rate is 6.6%
Using the nper formula in excel, we can determine the number of years earnings per share would triple
=nper(rate,pmt,-pv,fv)
rate is 6.6%
pmt is not applicable to the scenario ,hence it is zero
pv is the current earnings per share
fv is the future earnings per share
=nper(6.6%,0,-3.5,10.5)= 17.19  
 
        
             
        
        
        
Answer:
a.Preferred Stock for $475,300 
and Paid-In Capital in Excess of Par—Preferred Stock for $164,900.
Explanation:
The par value it's a minimum price that the company assigns to the issued shares only to be used in the accounting system but it's not related to market price.    
This par value will be shown as a separate value in the section of stockholders' equity, reported under the item Paid-in-Capital, the difference with the market price it's reported as Preferred Stock.    
 Cash                                                                            $640.200  Debit  
 Preferred Stock                                                    	$475.300  Credit  
 Paid-In Capital in Excess of Par—Preferred Stock  $164.900  Credit  
 
        
             
        
        
        
Answer:
Recognized gain = $60000
Explanation:
Below is the calculation:
Price of personal resident = $400000
Selling price = $460000
Since Alan purchased the house for $400000 and selling it for $460000. Therefore recognized gain can be determined by subtracting the purchase price from the selling price.
Recognized gain = $460000 - $400000
Recognized gain = $60000
 
        
             
        
        
        
Answer:
The maximum that should be paid for a share of this stock today is $13.53.
Explanation:
The price of a company's stock which pays a constant dividend through out can be calculated using the zero growth model of the Dividend discount model (DDM). The formula for price of the stock today under DDM's zero growth model is,
P0 = D / r
P0 = 1.84 / 0.136
P0 = $13.529 rounded off to $13.53