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charle [14.2K]
3 years ago
15

Six months ago, Benders Gym repurchased $140,000 of its common stock. The company pays regular dividends totaling $18,500 per qu

arter. What is the amount of the cash flow to stockholders for the past year if 1,200 new shares were issued and sold for $38 a share
Business
1 answer:
Studentka2010 [4]3 years ago
7 0

Answer:

$168,400

Explanation:

Benders Gym repurchased their common stock at the rate of $140,000

Benders Gym pays a regular dividend of $18,500 four times in a year

For a period of one year 1,200 shares was issued at the rate of $38 per share

Therefore, the amount of cash flow to the stockholders for the past one year can be calculated as follows

=[18,500×4]-[1,200×38-(140,000)]

= 74,000-[45,600-140,000]

= 74,000-[-94,000]

= 74,000+94,000

= $168,400

Hence the amount of cash flow to the stock holders for a period of one year is $168,400

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<h3>How does COBRA work?</h3>

Under certain conditions, including voluntary or involuntary job loss, a reduction in hours worked, a change in employment, death, divorce, and other life events, the COBRA allows employees and their families who lose their health benefits to choose to continue receiving group health benefits from their group health plan for a finite amount of time. The full price for coverage up to 102% of the plan's cost may be demanded of qualified persons.

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1 year ago
The appropriate section in the statement of cash flows for reporting the issuance of common stock for cash is: a. Operating acti
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Answer:

b. Financing activities.

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What was the only thing Amazon sold when it first opened 25 years ago
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Amazon was originally an online bookstore
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