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Andru [333]
3 years ago
8

A corporation declares $25 million in net income, $1 million in preferred stock dividends, and $7 million in common stock divide

nds. By how much will shareholders' equity increase on the balance sheet
Business
1 answer:
Maksim231197 [3]3 years ago
4 0

Answer:

$17 million

Explanation:

A corporation declares $25 million as it's net income

The preferred stock dividend is $1 million

The common stock dividend is $5 million

Therefore the amount in which the shareholders stock equity will increase can be calculated as follows

= net income - preferred stock dividend-common stock dividend

= $25 million - $1 million +$7million

= $25 million -$8million

= $17 million

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6. Why do American business owners try to avoid accepting Canadian coins?
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2 years ago
Suppose a stock had an initial price of $87 per share, paid a dividend of $2.15 per share during the year, and had an ending sha
djyliett [7]

Answer:

Percentage total return is 12.64%

Dividend yield is 2.19% or 2%

Explanation:

Computing the percentage total return by using the formula:

Percentage total return = Gain or loss / Initial price × 100

where

Gain or loss is determined as:

Gain or loss = Ending Share price - Initial price

= $98 - $87

= $11 (it is a gain)

Initial price is $87

Putting the values above:

Percentage total return = $11 / $87 × 100

= 12.64%

Computing the dividend yield by using the formula:

Dividend yield = Annual dividend per share /  Stock's price per share

where

Annual dividend per share is $2.15

Stock's price per share is $98

Putting the values above:

Dividend yield = $2.15 / $98

= 2.19% or 2%

3 0
3 years ago
Kana is a single wage earner with no dependents and taxable income of $205,000 in 2018. Her 2017 taxable income was $155,000 and
garri49 [273]

Answer:

$47439.50

Explanation:

For a single tax payer if your taxable income range is $200,000 - $500,000 then your income tax is $45,689.50 + 35% of amount over $200,000 of taxable income.

Income tax liability = $45689.50+{ 205000-200000)×35%}

$45689.50+(5000×35/100)

$45689.50+(5000×0.35)

$45689.50+1750

= $47439.50

The income tax liability will be $47439.50

5 0
3 years ago
Under a periodic inventory system:____________.
anyanavicka [17]

Answer:

1. accounting records continuously disclose the amount of inventory.

Explanation:

The periodic inventory system is the accounting method of calculating the value of inventory at the end of a specified period of time. Under this system, updates are made on a periodic basis rather than after every sale or purchase of inventory. It continuously tracks the record of inventory by physically counting the inventory and the cost of inventory is calculated by using the inventory calculation method, such as FIFO, LIFO, and weighted averages.

7 0
3 years ago
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