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const2013 [10]
4 years ago
6

Glendale Paving currently has 45,000 shares of stock outstanding that sell for $38 per share. Assume no market imperfections or

tax effects exist. What will be the new share price if the firm declares a stock dividend of 22 percent
Business
1 answer:
Aloiza [94]4 years ago
3 0

Answer:

$31. 15

Explanation:

From the question we are required to find the new stock price considering that no market imperfections or tax effects exist.

stock dividend = 22 percent

Amount per share = $38

At a a stock dividend of 22 percent, new share price would be

= $38(1 / 1.22)

= $31.15

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On December 1, Year 4, Tigg Mortgage Co. gave Pod Corp. a $200,000, 12% loan. Pod received proceeds of $194,000 after the deduct
Charra [1.4K]

Answer:

The accrued interest receivable is $2000

Explanation:

Accrued interest receivable refers to interest earned by a company but has not received in cash. This happens when the cash to be paid as interest falls outside an accounting period. Accrued interest receivable is an asset account on the investor's books and a current liability on the issuer's books.

Since the accrued interest is to be between December 1 and December 31, the time period is 1 month = 1/12 years.

loan percent = 12% = 0.12

loan amount = $200000

The accrued interest receivable = Time period × loan percent × loan amount = (1/12) × 0.12 × 200000 = $2000

The accrued interest receivable is $2000

4 0
3 years ago
You receive a part time job in which you are paid $10 per hour on weekdays and you receive $12 per hour
pantera1 [17]

Answer:

192.1

Explanation:

From monday and friday you earned 130$ because 6(10)+7(10)=130

Saturday you earned 96$ (12x8)

so adding those values you have 226$

you have to subtract 15% for tax.

So the equation would be

226 \times .15  = 33.9 \\ 226 - 33.9 = 192.1

4 0
2 years ago
Stan and Dwight were playing in a golf tournament and came to a hole where there was a hill that required a blind shot to the gr
Svetradugi [14.3K]

Answer:

b) Dwight is liable for negligence because Stan did not knowingly assume the risk that Dwight would hit a shot in his direction

Explanation:

In this scenario there was an agreement between Stan and Dwight where Dwight asked Stan to drive ahead in the golf cart to see if they could hit their shots.

However Stan drove the cart over the hill, saw the green was clear, and started driving back to the tee box.

Instead of waiting as agreed Dwight made a shot that hit Stan on the head injuring him.

Dwight is liable in this case because he was supposed to wait and get feedback from Stan before making a shot.

He knowingly made the shot knowing there was a blind spot.

This is negligence on Dwight's part.

3 0
3 years ago
The Graber Corporation’s common stock has a beta of 1.8. If the risk-free rate is 5.8 percent and the expected return on the mar
Murljashka [212]

Answer:

16.96%

Explanation:

In this question, we apply the Capital Asset Pricing Model (CAPM) formula which is shown below

Expected rate of return = Risk-free rate of return + Beta × (Market rate of return - Risk-free rate of return)

= 5.8% + 1.8 × (12% - 5.8%)

= 5.8% + 1.8 × 6.2%

= 5.8% + 11.16%

= 16.96%

The (Market rate of return - Risk-free rate of return)  is also called market risk premium

3 0
3 years ago
How much of the factory labor cost for the year consisted of indirect labor?
romanna [79]
Thank you for posting your question here at brainly. I hope the answer will help you. Feel free to ask more questions.
Your question should be complete with details. I managed to check from other sources the details and the complete question:

below is the solution:

<span>$175,000 - $110,000 DL = $65,000</span>
8 0
3 years ago
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