1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Marta_Voda [28]
3 years ago
11

Superior has provided the following information for its recent year of operation: The common stock account balance at the beginn

ing of the year was $12,000 and the year-end balance was $16,000. The additional paid-in capital account balance increased $3,700 during the year. The retained earnings balance at the beginning of the year was $70,000 and the year-end balance was $91,000. Net income was $38,000. How much were Superior's dividend declarations during its recent year of operation
Business
1 answer:
yKpoI14uk [10]3 years ago
7 0

Answer: $22000

Explanation:

The amount of Superior's dividend declarations during its recent year of operation will be calculated thus:

Ending retained earnings ($91000) = Beginning retained earnings ($75000) + Net income ($38000) - Dividend declared

$91000 = $113000 - Dividend declared

Dividend declared = $113000 - $91000

Dividend declared = $22000

Therefore, Superior's dividend declarations during its recent year of operation is $22000

You might be interested in
When choosing fonts for a powerpoint slide, you should usually use?
Wittaler [7]
30pt font is the smallest you ever want to use in a slide, 

experts recommend keeping it simple, they also advise against using common fonts like Arial, Calibri or Helvetica. 

your font style should match the tone and message of your presentation
5 0
3 years ago
Baldwin currently has $17,334 (000) in cash and management has decided to issue stocks and bonds worth an additional $8,000 (000
S_A_V [24]

Answer:

d) Purchasing $18,000 (000) worth of plant and equipment

D. As the cost are forecast they can change over the course of the expansion making possible to be above budget. This may lead to an emergency loan if the cash flow and inflow of the company are don't go as planned which could be the case during a project of this magnitude.

Explanation:

<em>Missing information:</em>

a) A $5 dividend

b) Liquidate the entire inventory

c) Retiring the oldest bond

d) Purchasing $18,000 (000) worth of plant and equipment

------------------

A) dividends would not be the cause as they are determinated by the company they can chose not to declare it.

B) lquidate the inventory means selling and not replenish. This generates cash it doesn't use cash

C) re-rolling the debt (by issuing new bonds) is a course of action planned and that in hte end will not affect the cash of the company as will be paying the bonds and receiving from the new bonds thus the changes in cash would be controlled.

D. As the cost are forecast they can change over the course of the expansion making possible to be above budget. This may lead to an emergency loan if the cash flow and inflow of the company are don't go as planned which could be the case during a project of this magnitude.

5 0
3 years ago
Hadley Corporation issued 200,000 shares of $5 par value common stock for $25 per share. During that year, the corporation susta
kari74 [83]

Answer:

D : common stock of $1,000,000

Explanation:

Hadley Corporation

Issued shares × par value common stock

Issued shares 200,000

Par value common stock $5

Hence:

200,000 x $5

= $1,000,000

Therefore the year-end balance sheet would show a common stock.of $1,000,000

8 0
3 years ago
Suppose that real domestic output in an economy is 20 units, the quantity of inputs is 10, and the price of each input is $4. An
weqwewe [10]

Answer:

A. supply curve shifts to the left

Explanation:

An increase in the prices of inputs from $4 to $6 shows economic problems that include a reduction in capital stock, labor, and an increased unemployment rate. This can also give room for inflation.

This increase shows that due to shortage in labor supply, it now costs more to produce a product.

Due to all the above mentioned reasons, the supply curve of both long run and short run supply curves shifts left.

Cheers.

7 0
3 years ago
You have been assigned the task of using the corporate, or free cash flow, model to estimate Petry Corporation's intrinsic value
Oxana [17]

Answer:

$40 million

Explanation:

The computation of stock price is shown below:-

For computing the stock price first we need to compute the firm value which is below:-

Firm value = Free cash flow-1 ÷ (Weighted average cost of capital - Growth rate)

= $70.0 million ÷ (10% - 5%)

= $70.0 million ÷ 5%

= $1,400 million

Stock price = (Firm value - Debt) ÷ Number of shares

= ($1,400 million - $200 million) ÷ 30 million

= $1,200 million ÷ 30 million

= $40 million

6 0
3 years ago
Other questions:
  • what are the building blocks of a personality select all that apply A. emotional qualities B, ethnic identity
    11·1 answer
  • Grocery retailer safeway displays the thousands of items it sells in aisles containing related items or product groupings. examp
    5·1 answer
  • The bond market a. is a financial market, whereas the stock market is a financial intermediary. b. is a financial intermediary,
    6·1 answer
  • What does it mean to alter a landscape
    15·1 answer
  • Cora’s company sold equipment to a competitor on June 1, 2020, where they both agreed to an installment sales contract with a ra
    12·1 answer
  • Part of establishing an audience adaptation plan is determining what you can do to make it easier for audience members to compre
    9·1 answer
  • To ascertain whether the inaccuracy of the variable cost estimate for a project will have much effect on the final outcome of th
    13·1 answer
  • If customer satisfaction is a criterion for decision making, then customer satisfaction
    8·2 answers
  • In the context of the compensation of expatriate managers, a compensation system designed to match the purchasing power in a per
    14·1 answer
  • The cost of a plant asset includes the following? depreciation expense disposal cost purchase price cost to prepare it for use
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!