All categories

3 years ago

The date on which a cash dividend becomes a binding legal obligation is on the

Business

1 answer:

blsea [12.9K]3 years ago

5 0

Answer:

declaration date

Explanation:

The dividend declaration date is the date when the board of directors of a company announces the next dividend payment. The declaration date is generally released a few weeks before the actual dividend is paid.

The date of record is the date when the corporation identifies which shareholders will receive the dividend. The date of payment is the actual date when the dividends are distributed.

You might be interested in

Approximately what percent of regular army soldiers (excluding army reserves and national guard) currently serve in infantry uni

anyanavicka [17]

Base on the study of finding, the rate of the percent of regular army soldiers currently serving in the infantry units is about twenty percent. The results has showed that their are approximately twenty percent of regular army soldiers who are serving in the infantry units.

4 0

3 years ago

Conor broke his wrist while playing basketball in the backyard. He ended up in the hospital. After an X-ray, MRI, doctor visit a

Anna11 [10]

Answer:

$6,000

Explanation:

A deductible is the amount Conor has to pay before his medical bills and prescriptions start getting coverage from his insurance.

Step 1: 10,000 - 2,000 = 8,000

A co-pay is a fixed amount the insured has to pay for certain medical services.

Step 2: 20% of 8,000 or 0.20 times 8,000 = 1,600

Step 3: add $2,000 (the deductible you have to pay) and $1,600 (the co-pay)

Total amount that Conor will have to pay for the hospital: $3,600

3 0

4 years ago

Mays, Inc. had net income for 2014 of $1,060,000 and earnings per share on common stock of $5. Included in the net income was $1

Rainbow [258]

Answer:

The dividends on common stock in 2014 for Mays, Inc was:

Dividends paid=$2650

Explanation:

1. You must follow the formula below to find out the Dividends Paid by Mays inc,

Payout ratio = (dividends paid/net earnings for the period) x 100 then,

Dividends paid= (Payout Ratio/100) x net earnings for the period

Dividends paid= (25%/100)x$ 1'060.000

Dividends paid=$2650

8 0

3 years ago

The following income statement items appeared on the adjusted trial balance of Schembri Manufacturing Corporation for the year e

Andrew [12]

Answer:

A.Net income $5,155

Earning per share :-

Income from continuing operation 3.20

Income from discontinued operation 0.47

Net income 3.67

B. Comprehensive income $5,215

Explanation:

A. Preparation of statement of comprehensive income for 2021, including earnings per share disclosures

SCHEMBRI MANUFACTURING CORPORATION

Statement of Comprehensive Income

For the Year Ended December 31, 2021

($ in 000s)

Sales revenue $17,900

Cost of goods sold ($7,500)

Gross profit $10,400

Operating expenses:

Selling expenses ($1,430)

General and administrative expenses ($930)

Restructuring costs ($1,600)

Total operating expenses ($3,960)

Operating income $6,440

(10,400-3,960)

Other income (expenses):-

Loss on sale of investment $(350)

Interest expenses $(310)

Interest revenue $200

Other income (expenses) $(460)

Income from continue operation before income tax $5,980

(6,440-460)

Income tax expenses (25%*5,980) $1,495

Income from continuing operations $4,485

(5,980-1,495)

Discontinued operation :-

Income from operation of discontinued component (1,660-680) $980

Income tax expenses $(310)

Income from discontinued operation $670

(980-310)

Net income $5,155

(4,485+670)

Other comprehensive income (loss)

Unrealized gain from investment,net of tax [460*(1-25%)] $345

Loss from foreign currency translation , net of tax [380*(1-25%)] $(285)

Total other comprehensive income $60

(345-285)

Comprehensive income $5,215

(5,155+60)

Earning per share :-

Income from continuing operation 3.20

Income from discontinued operation 0.47

Net income 3.67

Workings for Earning per share

Weighted average share = 1,000,000+(800,000/2)

Weighted average share = 1,000000+400,000

Weighted average share = 1,400,000

Net income from continue operation = 4,485/1400 = 3.20

Net income from discontinued operation = 670/1400 = 0.47

2. Preparation of a separate statement of comprehensive income for 2021.

SCHEMBRI MANUFACTURING CORPORATION

Statement of comprehensive income

For the year ended December 31,2021

Net income $5,155

(4,485+670)

Other comprehensive income (loss)

Unrealized gain from investment,net of tax [460*(1-25%)] $345

Loss from foreign currency translation , net of tax [380*(1-25%)] $(285)

Total other comprehensive income $60

(345-285)

Comprehensive income $5,215

(5,155+60)

5 0

3 years ago

Sold clothing manufacturing equipment for $31,000. originally purchased the equipment for $95,000, and depreciation through the

Andreas93 [3]

Answer:

Gain= $14,500

Explanation:

<u>First, we need to calculate the book value of the equipment:</u>

Book value= purchase price - accumulated depreciation

Book value= 95,000 - 78,500

Book value= $16,500

<u>If the selling price is higher than the book value, the company made a profit by selling the equipment.</u>

Gain/loss= selling price - book value

Gain/loss= 31,000 - 16,500

Gain= $14,500

7 0

3 years ago