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3 years ago

8

Peggy Grey's Cookies has net income of $400. The firm pays out 30 percent of the net income to its shareholders as dividends. Du

ring the year, the company sold $85 worth of common stock. What is the cash flow to stockholders

1 answer:

andreev551 [17]3 years ago

3 0

Answer:

Cash flow = $35

Explanation:

Cash flow= Payout ratio*net income-price of stock= 0.30*400-85=35

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Other things held constant, which of the following events is most likely to encourage a firm to increase the amount of debt in i

True [87]

Answer: Option (c) is correct.

Explanation:

Correct Option: The corporate tax rate increases.

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3 years ago

Marv's Furniture and Fixtures produces seats for movie theaters. Listed below are selected cost items for the seat production. C

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Answer:

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2 years ago

Tiger Furnishings produces two models of cabinets for home theater components, the Basic and the Dominator. Data on operations a

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Answer:

Tiger Furnishings

The predetermined overhead rate

= $34.30 per direct labor hour

Explanation:

a) Data and Calculations:

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Machine-hours 3,200 2,400 5,600

Direct labor-hours 2,700 1,100 3,800

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Direct labor costs 63,700 37,700 101,400

Manufacturing overhead costs 130,340

Total costs $245,240

b) Computation of the Predetermined overhead rate

= Total manufacturing overhead costs divided by total direct labor hours

= $130,340/3,800

= $34.30 per direct labor hour

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Answer:

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