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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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Answer:

d. Credit to Accounts Receivable.

Explanation:

Hutley Inc. is not going to pay the $8,000 to Searcy, therefore Searcy will make the following entry to write off the balance from Account Receivables.

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Credit: Accounts Receivables $8,000

To write-off Hutley Inc. receivables.

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4 years ago
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1 year ago
Using email for ____ purposes has many benefits, including low cost, immediate communication, interactivity, and the ability to
Maksim231197 [3]

Answer: a. marketing

Explanation:

Using email for marketing purposes has become a very effective method of advertising since the advent of the internet and subsequently email services. It is quite low cost and yet has a wide coverage.

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6 0
3 years ago
Suppose a consumer purchased a new television for $1000 2 years ago. Today, that person sold it in her garage sale for $200. How
guajiro [1.7K]

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4 0
3 years ago
Coronado Industries wants to sell a sufficient quantity of products to earn a profit of $250000. If the unit sales price is $9,
lyudmila [28]

Answer:

Break-even point in units= 450,000 units

Explanation:

Giving the following information:

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To determine the number of units required, we need to use the break-even point formula, including the desired profit.

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6 0
3 years ago
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