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DanielleElmas [232]
2 years ago
14

Divac’s preferred stock is $100 par, 8% stock. If the stock is liquidated or redeemed, stockholders are entitled to $120 per sha

re. There are no dividends in arrears on the stock. The common stock has a par value of $10 per share. Assume that the common stockholders have a right to the total net income of $74,000.
Business
1 answer:
tankabanditka [31]2 years ago
3 0

Answer:

1. 59.21%

2. $15.98

Explanation:

Note: The table is attached as picture below

Required: <em>"</em><em>1. Determine the dividend payout ratio for the common stock 2. Determine the book value per share of Divac’s common stock."</em>

1. Dividend Payout Ratio = Cash Dividend / Net Income * 100

Dividend Payout Ratio = 45,000 / 76,000 * 100

Dividend Payout Ratio = 59.21052631578947%

Dividend Payout Ratio = 59.21%

2. Number of Shares for Preferred Stock = Total Value of Preferred Stock / Par Value Per Share of Preferred Stock

Number of Shares for Preferred Stock = 110,000 /100

Number of Shares for Preferred Stock = 1,100

Liquidation Value of Preferred Stock = Number of Shares of Preferred Stock * Liquidation Price Per Share

Liquidation Value of Preferred Stock = 1,100 * 120

Liquidation Value of Preferred Stock = 132,000

Total Stockholders' Equity ′ = Preferred Stock + Paid in Capital Preferred + Common Stock + Paid in Capital Common + Retained Earnings

Total Stockholders' Equity = 110,000 + 55,000 + 500,000 + 50,000 + 216,000

Total Stockholders' Equity = 931,000

Net Assets Applicable to Common Stock = Total Stockholders' Equity -  Liquidation Value of Preferred Stock

Net Assets Applicable to Common Stock = 931,000 - 132,000

Net Assets Applicable to Common Stock = 799,000

Number of Shares of Common Stock = Total Value of Common Stock / Par Value Per Share of Common Stock

Number of Shares of Common Stock = 500,000 / $10

Number of Shares of Common Stock = 50,000

Book Value Per Share = Net Assets Applicable to Common Stock / Number of Shares of Common Stock Net Assets Applicable to Common Stock

Book Value Per Share = 799,000 / 50,000

Book Value Per Share = $15.98

So therefore, the Book Value Per Share is $15.98 per share

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Answer:<u><em>(d.) Evaluation of whether the response made to a demand or threat was effective</em></u>

Explanation:

Richard Lazarus stated that stress is a process where the manufacturing of stressors by the surrounding, and the effect on an individual subjected to these stressors.  

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3 years ago
Categorize each statements as a component of Gross Domestic Product (GDP): consumption, investment, government, or net exports.
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Answer:

'Government Expenditure' not 'Government' is a component of GD[

Explanation:

GDP is the total value of goods & services produced in an economy during an year.

As per Expenditure method :

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The U.S. government pays for _____ that producers would most likely not provide in the marketplace, such as building roads.
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The U.S. Post Office charges 40 cents for the first ounce and 25 cents per ounce for each additional ounce. Use an inequality to
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Answer:

15 ounces.

Explanation:

The first ounce is worth 0.40, and the additional x ounces are worth 0.25 each. So, the inequality should be Y > A + B * X, where Y is equal to 4, A is the value of the first ounce (0.4), B is the value of the additional ounces (0.25) and x is the quantity of additional ounces.

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14 is the maximum of additional ounces that can be mailed, we have to add the first one, for a total of 15 whole ounces that can be mailed for no more than $4.

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At the beginning of the year, Kimball Company had total assets of $700,000 and total liabilities of $400,000. If the total asset
svlad2 [7]

Answer:

$ 480 000

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Assets : $700 000(@ beginning of year )

$100 000 increase (during year )

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Liabilities : $400 000(@ begininng of year )

$80 000 decrease (@ during of year)

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Amount of owner’s equity at the end of the year (let x = owners equity)

800 000= x + 320 000

x= 800 000 - 320 000=$480 000

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