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gladu [14]
2 years ago
14

O'Garro Inc. has paid a regular quarterly cash dividend of $0.70 per share for several years. The common stock is publicly trade

d. On February 21 of the current year, O'Garro’s board of directors declared the regular first-quarter dividend of $0.70 per share payable on March 30 to stockholders of record on March 15.
Required:
As a result of this dividend action, state what you would expect to happen to the market price of the common stock of O’Garro, Inc., on each of the following dates. Explain your answers.

a. February 21.
b. March 13.
c. March 15.
d. March 30.
Business
1 answer:
Alona [7]2 years ago
7 0

Answer:

A.) February 21st

For the first quarter, this date is the date of declaration. In earlier years, this same dividend is what is paid. The price of the stock would not be affected too much by this.

B. March 13th

This is a date for ex dividend. The price in the stock market could fall by the same amount of the dividend.

C. March 15th

This date is the record date. The price cannot be influenced given that any stock that is traded in public is usually affected by the date of the ex dividend.

D. March 30tg

This date is the payment date. Liability is paid only as dividends payable.

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Nick and Dale owned Buddy Corporation and had contacted Kurt's Warehousing to about storing some goods. Per the warehouse receip
pantera1 [17]

Answer:

Flex warehousing

Explanation:

Flex warehousing also known as Public Warehousing, is a form of warehousing in which various firms seek to store high-turnover product in spaces for short periods of time.

It is a type of warehouse space which allows many clients' products to be received, handled, stored, and transported out in a flexible environment.

It is used to cater for overflow of goods, so as to maximize the space and labor reserved for only one contract client at a time.

Hence , in this case, this is an example of FLEX WAREHOUSING.

8 0
3 years ago
Whispering Winds Corp. uses the periodic inventory system and reports the following for the month of June.
vesna_86 [32]

Answer:

a 1) FIFO

Closing Inventory = $1,760

Cost of Goods sold = $11,264

2) LIFO

Closing Inventory = $1,056

Cost of Goods sold = $11,968

b) FIFO gives the higher ending inventory than LIFO because the oldest items and lowest costs are allocated to the cost of goods sold.

c) LIFO results in higher cost of Goods sold because latest cost are allocated to the cost of goods sold and latest cost may include price increases.

Explanation:

FIFO

Closing inventory = 176 units * $10= $1760

Cost goods sold = 352 units + 704+528 -176 =1,408 units sold

from opening $2,112

12 June   = $5632

23 June   = ( 528-176) =352 units * 10 =3,520

total sold = $11,264

LIFO

Closing inventory = 176 units * 6 = $1,056

Cost goods sold =  352 units + 704+528 -176 =1,408 units sold

23 June = $5,280

12 June = $5,632

1 June  = (352-176) = 176 *6 = $1,056

Total = $11,968

4 0
3 years ago
Goods sold On cash Rs 5000 make journal entries<br>​
maks197457 [2]

Answer:

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Explanation:

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6 0
3 years ago
Detroit Corporation sued Chicago Corporation for intentional damage to Detroit's goodwill. Detroit had created its goodwill thro
Grace [21]

Answer:

d. The $1,500,000 is not taxable because Detroit settled the case

Explanation:

The $1,500,000 is not taxable because Detroit settled the case, Compensation received of damaging Goodwill is not taxable.

8 0
2 years ago
Which type of company enjoys the benefit of passing along deductions and credits of the company on to partners to file on their
Oksi-84 [34.3K]

Answer:

The correct answer is Limited Liability Partnerships.

Explanation:

A Limited Liability Company is a type of mercantile company, in which the liability is limited to the capital contributed, and therefore, in the event that debts are incurred, it does not respond with the personal assets of the partners, but to the one contributed in said Limited company. It presents as a capitalist-type society in which capital, which will be divided into social interests, will be integrated by the contributions of all partners, who will not respond personally to social debts.

Social ACTIONS are not equivalent to the actions of corporations, as there are legal obstacles to their transmission. In addition, they do not have a "value" character and cannot be represented by means of securities or account entries, and their transmission by means of the public document that will be registered in the partner register book is mandatory. It will be constituted in a public deed and subsequently in the registration of the commercial register, at which time it acquires legal personality.

3 0
3 years ago
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